Wednesday, September 7, 2011

You Are Part Of The Herd

I have a philosophy about life that everyone I meet has something to teach me. From the panhandler to the successful entrepreneur it doesn't matter - I know they all possess a drop of wisdom I can take forward and apply in my life. The panhandler may teach me to be more generous. The successful entrepreneur may teach me about the importance of investing in oneself.

However, sometimes people teach me what NOT to do.

This afternoon someone I follow on my Twitter feed (@Xiphos_Trading) posted the following:

"Obama's $300B in jobs is an election stunt. He's had 3.5 years to create jobs and has proved he doesn't have a clue how to."

While I could focus on the political aspect of his comment that is not where my focus was when I replied saying:

"You're a maniac if you believe any single president could."


My point is that this type of thinking is typical of the masses (i.e. the herd). That is, those who give politicians far more power than they actually deserve. Do you honestly believe a single politician has the power to create millions of jobs for an entire nation?

Continue to bitch and whine and you will succumb to the reality that you ARE the herd. You belong to that group of people who are followers and not leaders.

Your responsibility in this world is to create a future for yourself and your loved ones. Many democratic countries were born (in part) out of this premise - that from nothing one can create everything.

Dismiss the politics that are going on these days. Your life does not depend on the outcomes of an election, nor whether Obama can create jobs. If you don't have a job then go out and find one! "There aren't any out there", you say? You aren't looking hard enough. This world is more abundant that we will ever know. There is an infinite amount of resources, jobs, money, etc. It's our task to tap into that abundance. This requires that you separate yourself from the herd (and herd thinking, complaining, etc).

Guys like Rick (@Xiphos_Trading) are part of the herd. Yes, Rick. You are part of the herd.

Thursday, July 7, 2011

Managing Expectations

I continue to beat home the idea of accepting/understanding the risks involved in your trading strategy.

Here is follow-up video to the Freedom system presentation which you can find HERE:


Saturday, March 26, 2011

Poker vs. Trading

This is an absolutely brilliant video contrasting the game of poker versus trading. I have watched this video 3 times and can't get enough at how eloquently he emphasizes the importance of risk management and how it relates to one's success in any game of chance.

Tuesday, March 22, 2011

1st Developmental Series Video!

My previous post mentioned that one of the big projects I have in mind going forward is to put together a series of developmental videos that will cover an array of trading topics with one goal in mind:

  • That they are instructive, but practical enough that you can incorporate them into your trading.

You can find future recordings by clicking on the "Developmental Series" tab at the top of the blog. Enjoy!

Without further ado here is the first recording!


Wednesday, March 16, 2011

Get Ready! More Updates to Come!

I've been on 'blog-hiatus' for quite some time but I'm excited to announce that the blog will be far more active going forward.




On the list of things to come (or are that already here!)

  • New forecasts
  • Leasing of ES futures position trading system
  • Video Developmental series
  • Much, much more...