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THE GAME
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THE GAME

  #51 (permalink)
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Tim Ferris






Timothy Ferriss - The 4-Hour Workweek - Home

Blog | The Blog of Author Tim Ferriss | Tim Ferriss's 4-Hour Workweek and Lifestyle Design Blog

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Last edited by zmaj; July 29th, 2016 at 05:06 PM.
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  #52 (permalink)
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Richard Koch

So so true.










http://richardkoch.net

https://www.amazon.com/80-20-Principle-Secret-Achieving/dp/0385491743

https://en.wikipedia.org/wiki/Richard_Koch


Last edited by zmaj; July 29th, 2016 at 05:17 PM.
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  #53 (permalink)
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Equanimity


The Price speculator evolves into an automation which takes note of a situation, weighs it, decides upon a course and gives an order.
There is no quickening of the pulse, no nerves, no hopes or fears. The result produces neither elation or depression.

There is equanimity before, during and after the trade.
e·qua·nim·i·ty
ekwəˈnimədē/
noun
noun: equanimity

mental calmness, composure, and evenness of temper, especially in a difficult situation.
"she accepted both the good and the bad with equanimity"
synonyms: composure, calm, level-headedness, self-possession, coolheadedness, presence of mind; serenity, tranquility, phlegm, imperturbability, equilibrium; poise, assurance, self-confidence, aplomb, sangfroid, nerve; informalcool
"she confronted the daily crises with equanimity"

antonyms: anxiety


The price speculator must be self reliant. A dependent person, whose judgment hangs upon others, will find himself swayed by a thousand outside influences. At critical points his judgment will be useless.
He must be able to say : " The facts are these; the resulting indications are these; therefore I will do thus and so."
Next he must be familiar with technicalities of the market, so that every little incident affecting prices will be given due weight.
He should know the history of the instrument he is speculating; the ways of the market makers; be able to measure the effect of news and rumors and charts; know when and in what instrument is best to trade.
Measure the forces behind the moving price; know when to cut a loss and take a profit.

Trader must study the various swings and know where the market stands; must recognize the inherent weakness or strength in prices; understand the basis or logic of the movements.
Trader should recognize the turning points of the market; see in his mind's eye what is happening on the floor.
Trader must have the nerve to stand a series of losses; persistence to keep him at the work during adverse periods; self control to avoid over trading; a phlegmatic disposition to ballast and balance at all times.

For perfect concentration as a protection from the tips, gossip and another influences. Trader should , if possible seclude himself.
The work requires such delicate balance of the faculties that the slightest influence either way may throw the results against the trader.

He may say; "nothing influences me," but unconsciously it does affect his judgment to know that another trader is bearish at a point where he thinks price ought to be bought.
The mere thought, "He may be right" has a deterrent influence upon him; he hesitates; the opportunity is lost.
No matter how the market goes from that point, he missed a cog and his mental machinery is thrown out of gear.
Silence, therefore, is a much needed lubricant to the traders mind.

Money is made in trading by anticipating what is coming -> not by waiting till it happens and going with the crowd.

There is no sense in mincing words over this matter, nor in holding out false encouragement to people who are looking for an easy,
drop a penny in the slot way of making money. Trading is hard work, hence those who are mentally lazy need not apply.



https://www.amazon.com/Studies-Tape-Reading-Richard-Wyckoff/dp/1614271844

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Last edited by zmaj; July 30th, 2016 at 08:53 PM.
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  #54 (permalink)
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My Dinner With Andre 1981



https://www.rottentomatoes.com/m/my_dinner_with_andre/

https://en.wikipedia.org/wiki/My_Dinner_with_Andre

https://www.amazon.com/My-Dinner-Andre-Criterion-Collection/dp/B001WLMOLE

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  #55 (permalink)
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My Dinner With Andre 1981 (sequel)

Futures Edge on FIO

Which products do you trade?

 


















Last edited by zmaj; July 31st, 2016 at 02:54 AM.
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  #56 (permalink)
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Jason Leavitt



Leavitt Brothers: Market Analysis and Trading Ideas for Hedge Funds, Financial Advisors and Independent Traders

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  #57 (permalink)
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HUNA way

https://www.amazon.com/Mastering-Your-Hidden-Self-Guide/dp/0835605914

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  #58 (permalink)
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Owen Fitzpatrick




https://www.amazon.com/Making-Habits-Breaking-Things-Change/dp/0306822628


https://www.amazon.com/dp/0804136726/ref=pd_luc_rh_sim_03_01_t_img_lh?_encoding=UTF8&psc=1


Last edited by zmaj; August 19th, 2016 at 09:04 PM.
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  #59 (permalink)
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CBT Cognitive Behavioral Therapy




https://www.amazon.com/Cognitive-Behavior-Therapy-Second-Basics/dp/1609185048



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  #60 (permalink)
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What can we learn from Tyler Durden







https://www.amazon.com/Fight-Club-Novel-Chuck-Palahniuk/dp/0393327345




Last edited by zmaj; September 6th, 2016 at 11:13 AM.
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