Three men doing time in Israeli prisons recently appeared before a parole board consisting of a judge, a criminologist and a social worker. The three prisoners had completed at least two-thirds of their sentences, but the parole board granted freedom to only one of them. Guess which one: Answer.
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rssPapillon teaches trading
I watched the film ‘Papillon’ a few days ago and enjoyed it very much. From memory, the film captures the sense of place, feeling of utter desperation, and cruelty of both the people and environment, found in the book on which it is based. It doesn’t follow the story to the letter – few films do – but this becomes a non-issue considering that many people question whether the author truly experienced all these adventures and hardships, or whether he ‘borrowed’ stories from other prisoners. Whatever the truth may be, I highly recommend reading the book and then watching the film.
In one scene, fellow inmate Louis Dega (played by Dustin Hoffman) is talking to Papillon (a role superbly executed by Steve McQueen) and makes a statement of the ‘somebody once said’ variety, that really struck home:
“A temptation resisted is a true measure of character.”
10 Things that Great Traders have Declared Independence From
10 Things that Great Traders have Declared Independence From
- Great traders do not have to be right about any one trade, their success is based on winning more than they lose on a large amount of trades.
- Great traders do not need trade ideas from other traders, they trade a system and method independent of others opinions.
- The best traders are independent of holding on to losing trades stubbornly trying to prove they are right, they cut losses.
- The best traders are not prisoners of their emotions they can make clear headed decisions due to trading like it is a business not an ego trip.
- Rich traders became rich because they had systems that allowed winning trades to be free to run as far as they would go. They are independent of price targets.
- Rich traders trade independently from Blue Channels sentiment.
- Great traders trade charts independently of market sentiment.
- Great traders trade independently of talking heads on financial television.
- Winning traders are independent of market gurus they have proven systems and methods.
- Great traders are free from the risk of ruin because they never risk more than 1% to 2% of their total capital on any one trade.