Monthly Archives: January 2023

What Gets Measured Gets Improved

My wife grew up in Paris and spent a few years modeling back in the late 1990s. One of her gigs took her to Tokyo and she really loved the energy of the place. The other day she said to me: “Once the Japanese figure out how to make French food, we are screwed.”

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  • Mike
  • last week

Automation Is A Double Edged Sword

A lot of people begin their trading career as discretionary traders and in most cases fail at it ignominiously for a variety of reasons. It’s not uncommon to see them wipe out more than one trading account in a short amount of time.

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  • Mike
  • a couple of weeks ago

Take Your Lumps And Move Along

Most people equate taking a loss with admitting defeat. As a trader it is crucial for you to understand the difference. Taking a good loss is equally as important as taking a good winner.

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  • Mike
  • a couple of weeks ago

The Real Small Account Secret

In the last few years there have been lots of options courses pimped on the internet aimed at traders with “small accounts”, which in the trading business typically is lingo for accounts with a principal of less under $25k. These types of trading programs offer trades that are marketed as “geared for small accounts”.

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  • Mike
  • 3 weeks ago

Practice A Strict Information Diet

Here’s a crazy statistic: The average person alive today absorbs as much information in a single week as someone only a century ago encountered in an entire year. Think about the implications and you’ll quickly realize why developing your personal information diet is key for turning your brain into one lean mean thinking machine.

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  • Mike
  • 4 weeks ago

Don’t Be A Contrarian Rambo

Making a living as a contrarian Rambo is difficult. Basically you’re constantly trying to go against the grain. Or in trader speak, you’re constantly pushing against the overall trend.

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  • Mike
  • last month