Archives of “religion” tag

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The 7 Deadly Trading Sins

  
Analysis, Education
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Here are the seven sins that traders commit that put them in the unprofitable purgatory of the markets.

  1. Sloth: The belief that trading is easy money new traders to be lazy and not put in the work at first to develop their own trading system and plan before trading. Work is required to learn how to trade and work in watching markets for your signals is not an option. Lazy trading is bad trading.
  2. Lust: The lust for material things causes traders to spend profits instead of compounding their capital. The goal of a trader should first be freedom and financial security not Lamborghinis and mansions.
  3. Pride: The inability to admit you are wrong in a trade can turn a small loss into a big loss.
  4. Wrath: Revenge trading is a path to doing more of the wrong thing. Being mad at a market that does not know you exist is illogical and irrational and leads to bad decisions.
  5. Greed: The fastest way to go broke in trading is by trying to get rich quick. The desire to get rich quick leads to bad decisions when speed to profits is the number one priority over common sense.
  6. Envy: Worrying about what other traders or investors are doing or how much markets you do not trade are trending is a waste of mental effort. Focus on your own system and process to keep your own edge.
  7. Gluttony: Trading too big, chasing a trend that is already extended, and over trading are all signs of doing a lot where less is much more healthy for your trading.

Unmasking ISIS

  
Analysis, Education
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Asshole Terrorist - DAP
 

I’ve written a book called “Unmasking ISIS”.

It’s too long to post here (unless you’d like) … but here’s a link to the whole eManuscript, and here’s the very brief introduction:

Where did ISIS come from? How was it able to gain land, arms and money so quickly?

This book will answer those questions … and unmask ISIS.

Part 1 shows that the U.S. – through bad policies and stupid choices – is largely responsible for the rise of ISIS.

Part 2 reveals the strange history of the leaders of ISIS … Including one who never really existed, and another who – if you read mainstream media drivel – was killed … then arrested … and then killed again.

Part 3 delves into the little-known, secret history of Iraq and Syria … and discusses the real motivations behind our current policies towards those countries.

And Part 4 reveals the shocking truth about who is really supporting  ISIS (Cough … Saudis, UAE, Kuwait, Turkey, NATO, U.S. and Israel … cough)

So grab a cup of coffee (or a shot of booze), and prepare to learn the real story.

The Marathon Monks

  
Education, Life
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The Tendai monks believe that enlightenment can be achieved during your current life, but only through extreme self–denial.

For the Tendai, the ultimate act of self–denial — and the route to enlightenment — is a physical challenge known as the Kaihogyo. Because of this challenge, the Tendai are often called the “Marathon Monks.”

But the Kaihogyo is much more than a marathon.

 The Kaihogyo

The Kaihogyo is a 1,000 day challenge that takes place over seven years.

If a monk chooses to undertake this challenge, this is what awaits him…

During Year 1, the monk must run 30 km per day (about 18 miles) for 100 straight days.

During Year 2, the monk must again run 30 km per day for 100 straight days.

During Year 3, the monk must once more run 30 km per day for 100 straight days.

During Year 4, the monk must run 30 km per day. This time for 200 straight days.

During Year 5, the monk must again run 30 km per day for 200 straight days. After completing the fifth year of running, the monk must go 9 consecutive days without food, water, or rest. Two monks stand beside him at all times to ensure that he does not fall asleep.

During Year 6, the monk must run 60 km (about 37 miles) per day for 100 straight days.

During Year 7, the monk must run 84 km (about 52 miles) per day for 100 straight days. (52 miles per day!) And then, he must run 30 km per day for the final 100 days.

The sheer volume of running is incredible, of course, but there is one final challenge that makes The Kaihogyo unlike any other feat… (more…)

The Overt & Covert Danger of Leverage

  
  Education
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Buying stocks with borrowed money doesn’t make anything a better investment or increase the probability of gains.

It merely magnifies whatever gains or losses may materialize. And then, leverage brings destruction if things go bad…really bad. And they often do.

Nassim Taleb says that we should judge people by the costs of the alternative, that is if history played out in another way.

As he wrote in his brilliant book Fooled by Randomness – “Clearly, the quality of a decision cannot be solely judged based on its outcome, but such a point seems to be voiced only by people who fail (those who succeed attribute their success to the quality of their decision).”

In the same way, be very careful of judging your stock market success by the outcome you achieve, but by the decision you made.

“Leverage can help me magnify my returns” is a great statement to make. But more often now, leverage – which is a result of arrogance created by good short-term returns or a result of survivorship bias, which is concentrating on the people or things that “survived” some process and inadvertently overlooking those that did not – will not only your destroy your savings and sleep, it will also destroy your reputation. (more…)

Meet the market with an empty mind

  
  Education
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empty_mindYou know you are a daytrader when you go to the movies with loved ones and a line in the movie becomes you next daytrading blog post.

The movie was 2012. A movie about the end of the world and the preservation of the human race. the entire movie is filled with moments of natural disasters, crashing buildings, people meeting their end, and people who are trying to survive and perserve the human race.

Amongst the mass destruction where the south pole becomes located someplace in Wisconsin, it is not surprising that religion comes into play. Once scene includes a wise old monk speaking with a young monk who obviously has not attained the wisdom of the old man. As they are speaking the wise old man pours a cup of brown tea until it is overflowing. The young monk tells him to stop as the cup is overflowing. The old man stops pouring and explains,

 ”like this cup a man’s mind is overflowing with opinions and speculation.

You must empty  the cup in order to fill it with wisdom” (more…)

Traders :Don’t Blame the Market or Others

  
  Education
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  • When pain surfaces, if you are honest and in touch with yourself, you will own the upset and seize the opportunity to release that internal reality — to forgive! Pain functions to inform us of our errors.
  • False forgiveness is based on the belief that others are responsible for what we feel, and therefore it tends to reinforce that error. To forgive others, in this manner, for what happens in your mind leaves your pain intact and the opportunity to heal is lost.
  • Making use of every opportunity to heal is an important decision you can make and that decision will immeasurably accelerate your process.

Prayer of Forgiveness

  
  Education
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Hilal searches for inspiration on the golden walls, the columns, the people coming at this hour of the morning, the flames of the lit candles.

– I forgive the girl I was, not because I want to become a saint but because I do not want to endure this hatred. This tiresome hatred.

This was not what I expected.
– You may not forgive everyone and everything, but forgive me.
– I forgive everything and everyone. I forgive you because I love you and you do not love me. I forgive you because you reject me and I am losing my power.

She closes her eyes and raises her hands towards the ceiling.

– I am liberated from hatred by means of forgiveness and love. I understand that suffering, when it cannot be avoided, helps me to advance towards glory.

Hilal speaks softly but the acoustics of the church are so perfect that everything she says seems to echo throughout the four corners. But my experience tells me that she is channelling the spirit of a child. (more…)

The story of 2 monks and the power of letting go

  
  Education
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I believed you have heard of many versions of the story about 2 monks. No? Let me refresh your memory, and explain to you how it is applicable to trading.

There were two Buddhist monks walking along the bank of a river, making their way to back to the temple.

As they were walking, they came across a beautiful lady standing at the side of the river. She stopped them and asked if one of them is willing to help her across the river. The junior monk did not bulge but the senior monk without any doubt, carried her on his back and across the river. The senior monk put her down on the other side and she thanked him profusely and hurried off. The junior monk was taken aback by the gesture but kept to himself. The senior monk returned and they carried on with the journey.

As they walked, the junior monk kept brooding about the incident until it was unbearable and broke the silence, “why did you carry that woman across the river? Knowing that our religion forbid us to touch women!”

The senior monk replied peacefully, “I put her down a moment ago and you are still carrying her.” (more…)

Oscar Wilde: The Picture of Dorian Gray

  
  Education
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“‘What of Art?’ she asked. 
‘It is a malady.’ 
‘Love?’ 
‘An illusion.’ 
‘Religion?’ 
‘The fashionable substitute for Belief.’ 
‘You are a sceptic.’ 
‘Never! Scepticism is the beginning of Faith.’ 
‘What are you?’ 
‘To define is to limit.’”

No Risk-No Gain

  
  Education
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Trading is ALL about managing risk and probability.  The risk part is easy, you can quantify your risk by setting a stop on all your trades.  Yes, a stock can gap through your stop overnight, so we can’t know are risk 100% for certain, but setting aside major overnight announcements and earnings, we can get a pretty good idea.  The probability part is a little more difficult.  I don’t have empirical evidence to support the patterns I trade on both the long and shorts side, other’s have done a decent amount of research, and I have read some, but at the end of the day I have always believed that so called voodoo of technical analysis is a different religion for everyone.  Technical analysis, being little more than the study of the psychology of the market, is interpreted by everyone differently, and therefore should not be seen quantitatively to a large extent, but as more of an art.  It’s just like a psychologist, you can go to 4 different guys and get 4 different answer to your issues, they will approach you in different ways, ask you different questions, it’s a feel thing.

Anyway, I want to make the point in this post that you’ve got to understand and accept the risk you are putting on when you make a trade.  I will review a trade of mine where I made a terrible mistake and foresake this principal, and it has cost me quite a good deal of profits over the last few weeks, especially give that my thesis was correct.  It’s not enough to have good ideas, you must execute them properly.

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