Do you trade like a dentist from New Jersey? • 11.24.07
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Archive for November, 2007
Tis the season to make your own holiday trading schedule • 11.16.07
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What I Learned This Week & What I Will Try To Do Next Week from Mike in the Trading Room • 11.12.07
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Lessons Learned This Week by Mike from the Photon Trading Room • 11.05.07
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Nothing to do with trading - Ashley’s Big Secret Blog: Die DELI Ernährung® • 11.02.07
I wrote the following post as a joke for my wife and daughter’s website, http://www.ashleysbigsecret.com/. Amazingly, a German-language Internet pharmacy website picked up my post about the fictitious diet I had invented and translated it into German as a serious post. I do not have the heart, nor do I have the German language skills, to tell them that it is not serious.
So, for you as a special, benefit for being part of the PremiumTrader website, I will share with you my post in English.
The DELI Diet®
I have a plan for the future, my future.
I intend to lose a meaningful amount of weight by Christmas.
I have targeted a loss of 13 pounds. If I lose 13 pounds I will reduce my weight to the point where I was several years ago when I thought that I was fat.
So, I am reducing my weight by one fat increment. When I am done, I will still be fat, but I will be only as fat as I was two years ago, not as fat as I am today, err, last month.
My secret, which I share with you now, is very simple. So simple, in fact, that I am registering it so that I will be the one to earn a Brittany Spears-sized income with about the same amount of effort that she puts forth.
I am hereby announcing The DELI Diet®.
It will be the latest rage and supplant the South Beach Diet, the Adkins Diet and all other diets promoted by people who were always thin and never needed to lose any weight anyway. This is a diet so easy that even a complete imbecile can do it.
In no time, everyone will be talking about the The DELI Diet®!
To take advantage of my new-age, ultra-scientific diet research, all you need to do is Don’t Eat Like an Idiot.
I have been strictly, no… seriously, no… somewhat following the diet for nearly four weeks and I have lost five pounds. At least, I had lost it this morning before I single-handedly ate about half a large pizza. This is the reason that I am writing this tonight before my morning weigh-in.
If you agree that The DELI Diet® is a revolution in weight loss, proven beyond a shadow of doubt by my own weight loss, you can be part of this life-changing revolution. You do not need to spend your hard-earned money on books or ab machines, all you need to do is send me $5 to my address, below.
After you have sent the money, I will send you an e-mail with your own personal weight calculating/losing graph. Once you have the graph, simply fill it out in whatever way you think appropriate and, most importantly, you will feel so much better about yourself.
As for me, I will feel infinitely better about myself for inventing The DELI Diet® and, at the same time, finding a way to get people I don’t even know to send me money.
Your pal, Jeff
Copyright © 2007 by Jeff Quinto
All rights reserved
How to trade by doing nothing, courtesy of Rahul from the Photon Trading Room • 11.02.07
I can hear the complaints already, “…but you have to do something, otherwise you never get into a position.” Yes, you have to enter and exit a position. You have to determine how many shares/lots/contracts to enter with. You have to know how much you can risk financially and emotionally. You have to be able to describe your edge, your motive for being in a position in the first place, in simple terms.
After all of that is done, the trading is all about doing nothing, except trusting all the previous decisions you’ve made and letting the market move wherever it wants to go. This is a serious point. It means several things. You can’t get in early, because you don’t want to miss the move. You can’t skip a trade, because you’re scared your stop is going to be hit. You can’t trade bigger size, because you know this one is the big one. You can’t trade bigger size, because you made a mistake on the last trade. I can go on and on for all the “You can’t” points. Although, every “You can’t” is another barrier to entry to being a successful trader, making it lucrative for those who can.
The markets are fairly efficient these days, there’s still asynchronous information and there always will be to some degree. The markets are also universally accessible, which means that anyone and everyone can trade whenever and wherever they choose. So, what kind of edge can I have over the rest of the pack, since everyone can’t make money trading.
One edge you can develop is personal discipline through self knowledge and by proxy knowledge of market participants. Every one of the “You can’t” points that you understand completely is one more place for you to make a profit or keep the profits you’ve made. Both of these are important, since the majority of future profits will come from keeping what you’ve made and compounding those returns by being able to trade bigger and bigger.
When you learn to recognize what the market wants and simply participate in that desire by wanting the same thing, then you’re trading by doing nothing.
By Rahull from the Photon Trading Room Please login to view Member Content. To inquire about membership please click here.
After all of that is done, the trading is all about doing nothing, except trusting all the previous decisions you’ve made and letting the market move wherever it wants to go. This is a serious point. It means several things. You can’t get in early, because you don’t want to miss the move. You can’t skip a trade, because you’re scared your stop is going to be hit. You can’t trade bigger size, because you know this one is the big one. You can’t trade bigger size, because you made a mistake on the last trade. I can go on and on for all the “You can’t” points. Although, every “You can’t” is another barrier to entry to being a successful trader, making it lucrative for those who can.
The markets are fairly efficient these days, there’s still asynchronous information and there always will be to some degree. The markets are also universally accessible, which means that anyone and everyone can trade whenever and wherever they choose. So, what kind of edge can I have over the rest of the pack, since everyone can’t make money trading.
One edge you can develop is personal discipline through self knowledge and by proxy knowledge of market participants. Every one of the “You can’t” points that you understand completely is one more place for you to make a profit or keep the profits you’ve made. Both of these are important, since the majority of future profits will come from keeping what you’ve made and compounding those returns by being able to trade bigger and bigger.
When you learn to recognize what the market wants and simply participate in that desire by wanting the same thing, then you’re trading by doing nothing.
By Rahull from the Photon Trading Room Please login to view Member Content. To inquire about membership please click here.
Limits – do they protect only your broker or do they protect you? • 11.02.07
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