The Greatest Threat to Success is Not Failure But Boredom

The greatest threat to success is not failure but boredom. We get bored with habits because they stop delighting us. The outcome becomes expected. And as our habits become ordinary, we start derailing our progress to seek novelty. Perhaps this is why we get caught up in a never-ending cycle,...

Cash is a Position

If you’re worried, scared, uncertain, unhappy, on tilt — or all of the above, depending on the hour — it’s ok to do nothing. Cash is a position. Cash is comfort. Cash is control. Cash is Safety. It can be very tempting to go in and try to sell all...

When Everything is Breaking News, Nothing is Important.

In the aftermath of the Coronavirus pandemic, history will not (should not!) be kind to news media. And a wholesale inventory needs to be made about the role news media should play, and how it's currently corrupted. I'll start with the Good News and kudos: News media -- all outlets...

How This Bear Market Is Different

When the NASDAQ peaked and crashed in 2000, that was something. In hindsight, it was an appropriate ending to an unprecedented rise in speculative investing that the markets hadn't seen in generations. It was really the only way that could resolve. And when the bubble popped, a bunch of Johnny-come-lately...

Trade Ideas Customers Are Earning Some Serious Side Cash

In a recent month, the Top Five Affiliates in the Trade Ideas Referral Partner Program hauled in a combined $47,829 -- in one month. That is an average per affiliate of $9,565 -- with the highest paid affiliate earning $16,325. Again, these are ONE MONTH totals. Not a bad chunk...

The Stakes Are Higher

Today is my Son's 5th birthday. It’s a significant one, if only mostly to me. This is because my 5th birthday is a day I count amongst my earliest memories in life. I remember, in great detail, my blue frosting slathered Cookie Monster cake. It was delivered to me on...

My Trading Tao Te Ching, part 9.

Fill your bowl to the brim and it will spill. Keep sharpening your knife and it will blunt. Chase after money and security and your heart will never unclench. Care about people's approval and you will be their prisoner.   Do your work, then step back. The only path to...

[Podcast] The Benefits of Consistency, with David Keller, CMT

The path to Wall Street isn't what it used to be. Case in point: David Keller. Studying psychology and musical theory at Big 10 powerhouse Ohio State University isn't exactly top of mind for many who are considering a future in high finance. But in a twist of fate, this...

My Trading Tao Te Ching, part 8.

The supreme good is like water, which nourishes all things without trying to. It is content with the low places that people disdain. Thus it is like the Tao.   In dwelling, live close to the ground. In thinking, keep to the simple. In conflict, be fair and generous. In...

[Podcast] The Workhorse: Scott Redler

Meet the Red Dog, Scott Redler (@RedDogT3 on twitter), Chief Strategist at T3 -- a proprietary trading firm in New York City. Scott credits childhood stints as a dancer, MC, wrestler, and lacrosse player for providing the building blocks that taught him how to think quickly on his feet. And...

My Trading Tao Te Ching, part 7.

The Tao is infinite, eternal. Why is it eternal? It was never born; thus is can never die. Why is it infinite? It has no desires for itself; thus it is present for all beings.   The Master stays behind; that is why she is ahead. She is detached from...

My Trading Tao Te Ching, part 6.

The Tao is called the Great Mother: empty yet inexhaustible, it gives birth to infinite worlds.   It is always present within you. You can use it any way you want.   -- from Tao Te Ching, by Stephen Mitchell Opportunity in Markets is boundless. No matter the instrument, the...