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The Top 10 Resolutions for 2009 By TradingMarkets.com.
I will not allow yesterday's success to lull me into today's complacency, for this is the greatest foundation of failure. -- Og Mandino

Archive for Video Post

Some quick thoughts during a very busy week at this end.

And the test TAD shirts and caps have been ordered!

Today’s post provides an update to TAD and various other efforts at this end, puts the last two and a half years of blogging in perspective, and provides some key introductory comments to the incoming 2011 Jellie class for all to benefit.

Key links referenced in the video includes the beta Team’s blog posts, which will help put the effort in stronger perspective as we launch into the ocean tomorrow, and the Jellie Webinars for those who aren’t able to be a part of the current team and haven’t yet considered them.

Tuesday 1-18-11 Update: A great ongoing discussion re: Christians as traders appears in the comments section of this post.

How relevant is trading “feel”?

Is trading an art or a science?

What are we supposed to do with success?

Is the glass half-empty or half-full?

In today’s longest (17+ minute) video yet, I refer to a recent onlooker’s question to provide my perspectives to all four.

You may find my response to the final one – at the end of the video – a bit surprising.

Or not.

Today’s video follows up on the recent Webinar and Thursday’s post which – combined – have generated more mail than any post or speech I’ve ever given.

Thursday’s post and linked interview in particular struck a major industry chord, including at this trader’s end.  It’s the only post I actually printed!

I also discuss a change in the blog comment process, my continued transition to Photon, current market rhythms, and my current office “renovation”.

Comments (4)

Lots to talk about as we hit the new year, with particular emphasis on last week’s Webinar and managing personal momentum.

Key links referenced in the post include last week’s Webinar Slides, the actual 2-Hour audio/video (link about 1/2 way down the page), and my Excel performance scorecard template (with January dates pre-populated … right click to download to your PC).

Enough typing … let’s go right to the video:

Comments (0)

There’s an old saying that “Time is Money”.

I prefer to say that “Money is Time”.

Today’s video follows up on a slew of emails in response to Monday’s post to reinforce the complete immateriality of short-term results, and why I decided to publicly share the more relevant and longer-term 800% total fund return figure.

On the flip side, of all the stats that I’ve ever kept, the recent 5.26% maximum draw reference in the post may perhaps be among the most relevant … especially in light of recent discussions re: Livermore, Karas, et al. 

And such will be one of the cornerstone concepts I discuss during next Wednesday’s Webinar for Linda Raschke’s team at LBRGroup.com.

Comments (5)

In tonight’s video, I remind everyone that we all must all continue to be forever diligent with respect to managing risk and ourselves, using Jesse Livermore as Exhibit A.

For if the person whose trading insights are bound in what Jack Schwager calls “one of the most highly regarded financial books ever written” - and who has often been described as “the world’s best stock trader” – can fail to an extent where he took his own life after losing all of his fortunes, then what does that say about us mere mortals??

I also discuss the book Mind Gym, which I’ve found to be another good read and tool to help prevent repeating the lesser-told outcome of Mr. Livermore.

And yes, I kick off the video by reinforcing recent comments about fading the market only after the early & newbie traders get stopped out.  And in the spirit of the season, yes Virgina, you can successfully short a bull market.

Categories : Motivational, Video Post
Comments (6)

As we approach year-end, my personal self-assessment of 2010 performance begins … this time in video form.

Areas of improvement at this end include working harder to make that extra effort when required, while not trying to markedly improve on that which doesn’t require it.

As I mention reference in the video, here are the links to the two previous year-end posts, both of which provide insight into the good, bad, and ugly of recent years.

2008 A Night To Dance
2009 Another Night To Dance