Posts Tagged ‘ life ’

A day in the life of a professional trader

Feb 19th, 2016 | By | Category: General Comments
Yesterday our education division, SMBU, held a webinar: A day in the life of a trader.  The purpose was to share best practices for traders to turn into habit so they trade better. If traders do all the things necessary to improve, then they can improve.  As I give this presentation, I have an internal conversation with myself. I really hope those listening understand how important it is to be doing all of these things daily. So many underperforming traders think trading success is just finding trades with edge.  They just want to push the buttons when those trades visit.  That is part of it.  In fact, that is a Read more [...]

Trend-Following in Life and the Markets

Oct 20th, 2014 | By | Category: General Comments
Traders are always trying to improve their game. Beginners usually jump from strategy to strategy in search for some holy grail that will always win no matter what the markets do. Pro traders outguess their gut and their systems in attempts to make or save an extra buck. Such efforts are usually self-correcting by losing money. I believe we all forget to use common sense from time to time. It's OK. We are all prone to getting wrapped up in our emotions while trading and just living everyday life. Sometimes, we can lose self-awareness, perspective and ultimately our discipline. The discipline I use to trade and live my life Read more [...]

Lessons from my Adventures as a Nanny Trader

Apr 25th, 2014 | By | Category: General Comments
I came home last Tuesday to the news that my wife had dismissed our nanny.  I was not aware this was about to happen.   There was no replacement, save her and me for at least two weeks. Oh. A scheduled short vacation to our family condo in Clearwater Beach consumed some of these two weeks.  And then came this Tuesday, Wednesday and Thursday.  I was the nanny. Life is a series of learning opportunities.  Oh son did I learn over these past three days.  Here's what: 1) You can very easily go two days without noticing you have not showered, caring for your child. 2) Eating out with just your child and you is not much Read more [...]

Why set goals? Not just in trading but in any part of life?

Jan 12th, 2014 | By | Category: General Comments, Guest Blog, SMB Options, Trader Development, Trading Lesson, Trading Psychology
“Top scientists estimate that we’re bombarded with over 400 billion bits of information every second. There is no way we could possibly pay attention to this much information. It would literally drive us insane. In fact, we are only capable of consciously processing approximately 2,000 bits of information. That’s only 0.0000005% (5 ten-millionths of 1 percent) of the world around us. This means that we literally have to delete distort and generalize 99.999999% of all the information around us which makes judging your environment similar to judging the content Entire Encyclopedia Britannica by looking at Read more [...]