How to Make Bento

NO MORE LONELY NIGHTS - Paul McCartney

Michael Jackson - Captain Eo

michael jackson first ever moonwalk

A Self Educated Trader

One who learns to trade through trial and error!

How To Build Confidence

"Confidence comes from consistent trading results!" Gavin Mok

Focus on being consistent

"It doesn't matter what size you're trading or how much you're making. Put in the hard work, be disciplined, and the consistency will come. Once you have that, then you cant start worrying about increasing your size". Kevin Haygreen

Good Will Trader

1. Always wait for the setup: No Setup-NO Trade.
2. Knows that THE BEST trades work almost right away.
3. Never takes a big loss. If it doesn't 'feel' right. Remove it!
4. Always perfecting his craft
5. Is patient with winning trades:Impatient with trades that fight back.
6. Knows that DISCIPLINE is the key to winning at everything!
7. Never gets emotionally attached to trades, trading, losses or profits.
8. Will always trade with the size that makes him unemotional.

http://artoftrading.net/

Changing Times

Offbeat space experiments

Keep Watering Your Bamboo Tree - Eric Aronson

In the Far East, there is a tree called the Chinese bamboo tree. This remarkable tree is different from most trees in that it doesn't grow in the usual fashion. While most trees grow steadily over a period of years, the Chinese bamboo tree doesn't break through the ground for the first four years. Then, in the fifth year, an amazing thing happens - the tree begins to grow at an astonishing rate. In fact, in a period of just five weeks, a Chinese bamboo tree can grow to a height of 90 feet. It's almost as if you can actually see the tree growing before your very eyes.

Traits of winning traders vs. losing traders

Tell virtually no one their activities in the marketplace.	Tell anyone who will listen the details of their market activities, to the point of campaigning for their particular point of view.
View other’s opinions about the markets as other’s opinions.	Very disturbed by someone else’s contrary opinions. Such opinions make them worry they themselves will be wrong.
Approach speculation for what it is, a form of betting. There are no sure things and they realize that. A commitment will be maintained only if it continues to act profitably. If a loss is taken, it is not taken as a personal failure, simply a bet that did not work.	Cannot face the possibility of being wrong. This is taken as a personal failure. Their self-inflicted emotional punishment seems far worse than the monetary loss involved. For these reasons, closing out a position that has not worked out is seen as a great sign of failure. A losing position originally entered as a short-term trade is extended and rationalized as a long-term position (assuming such a position can be adequately financed.) Often the position is sold out only because of a failure to meet margin calls; i.e., it is an involuntary rather than a voluntary liquidation.
Tend to make no pinpoint forecasts. Obviously, if all their own research points to higher prices, this is in a sense a forecast, but since no one can consistently predict how high a price will be realized, the forecast merely consists of an upward bias. Even this is only adhered to as long as the price movement confirms the research bias. They realize they must be eternally vigilant for a sign of change.	Tend to work with very detailed forecasts of price behavior. Any fundamental research worked with is usually not original and is believed rather blindly. While such forecasts may be verbalized repeatedly, they are not truly believed in only because so many past forecasts have not worked out. Their own forecasts are for unusually large price movements. Such phrases as “This one’s the retirement trade,” are often used.
Have an attitude that one attempts to capitalize on a portion of a particular price movement rather than on the entire move. Do not attempt to either pick bottoms or tops ahead of actual evidence of a change in direction. They do not allow greed to tempt them back into a market they have exited if their research says they are late in the movement or that the market has become overextended.	Tend to either take many small profits, because they are so seldom experienced, or overstay a commitment because they dream of much larger profits. Often their dreams of all the profits will buy are prevent them from selling at a lower price than already achieved in the current trend. Once the trend does reverse, higher prices are waited for on the hope their dreams can still come true.
Tends to handle capital very carefully. Initial commitments to a position are taken in small increments and are only added to if these early commitments become profitable. They have a plan which is closely followed. They tend to make money over months only because they seldom realized success in short-term operations. Capital is gradually withdrawn even from a successful trade, mainly because there is a strong aversion to having capital at risk. Good money management is seen as the key to mental equilibrium and therefore, good decision making. Mental equilibrium is seen as very fragile, and is guarded very carefully.	Tends to plunge into the market with most or all of his trading capital. If the early stages of the trade are successful, any available margin produced through paper profits is immediately committed to making the position larger. No capital is withdrawn from the market due to success. Instead, the losing trader dreams not only of the money that will be made, he begins daydreaming of all the fantastic things the paper profits will buy. The Mercedes, a yacht with own crew, an apartment in London, ad infinitum. The trade, if it lasts this far, has become a mental trip. The loser has lost touch with reality. The paper profits are purely numbers, no longer currency. The trader has now become very emotional about the whole situation. He will overstay the position until the price trend truly turns against him. First, the paper profits are given up, then the actual trading capital, and then come the margin calls. At this point, it is purely a miracle if the loser escapes without owing the broker money after he has been forced by his broker to finally close out all positions. Emotional depression now sets in. And the next trade made is even a larger disaster.

http://blog.tradingeducators.com/trading-advice/comparison-traits-winning-traders-losing-traders/

Cyborg Trader

Don Miller P&L Table

Kinzli - Quiero bailar

ANDRE RIEU - The godfather

“But I’m a superstitious man. And if some unlucky accident should befall him – If he should get shot in the head by a police officer, or if he should hang himself in his jail cell – or if he’s struck by a bolt of lightning, them I’m “not” going to blame some of the people in this room, and that I “do” forgive. But, that aside, let me say that I swear, on the souls of my grandchildren, that I will not be the one to break the peace “I’ve” made here today.”

Don Corleone

Percent Volatility Model

Positions are sized based on each stock's volatility -- the more volatile the stock the fewer shares are traded.

The most common cause of trading failure, is the loss of confidence caused by equity drawdowns!