A Practice For Staying on Course

I also suggest that once every ninety days or so you take an hour to read your journal entries from that period. But don’t be overly focused on the details, like the budget meeting three weeks ago or last Thursday’s pasta dinner. Instead, focus on the broader patterns or trends....

Pride

I think Pride holds me back. I'm just riffing here, but its something that has been on my mind recently. When I look back upon my career, relationships (with people and money), education, and even sports, I think in many (if not all?) cases, I've been driven by a warped...

The Proof I Seek is Found in the Trades I Make

No way of thinking or doing, however ancient, can be trusted without proof. ~ Henry David Thoreau, Walden Simulated Trading. Backtesting. Forward Testing. Optimizing. All of these steps, and more, are vitally important to any aspiring systems or algorithmic Trader. Creating a strategy out of thin air or on a...

I Am Not My P&L

Happiness is our natural state. Happiness is the natural state of little children, to whom the kingdom belongs until they have been polluted and contaminated by the stupidity of society and culture. ~ Anthony De Mello, Awareness Remember a time when all the mattered was whatever happened on your block,...

What Makes Me Stand Tall

The only things that can ever have value to you are the things you’ve invested yourself in. Each setback is an opportunity to invest more, and to enlarge the size of your eventual reward. ~ Ralph Marston This is what has always driven me in trading. The ability to build...

Serenity Leads to Profits

You don't have to add anything in order to be happy; you've got to drop something. ~ Anthony De Mello, Awareness A couple weeks ago I published a piece discussing transitioning my portfolio into a long gamma, long volatility trading strategy. You can read it here. I hinted in that...

The Next Great Advance

Sometimes you have to give up. Sometimes knowing when to give up, when to try something else, is genius. Giving up doesn’t mean stopping. Don’t ever stop. ~ Phil Knight, Shoe Dog I'm too hard on myself. I've often confused the point Mr. Knight is making above. I've often tricked...

What’s the Keyboard Cowboy Version of Coal Mining Dust?

So it goes for our kids. It’s tempting to tell them exactly what they can and can’t do. It’s tempting to tell them what you expect them to do, or explain how the world works. But would you have listened to that when you were their age? What did you do...

Stepping On The Gas

You have the power to choose the direction of your focus. You have the ability to find the good in each moment, in every occurrence, and move forward with it. ~ Ralph Marsten This is a lesson I try to impart to my Son on a nearly daily basis. It's...

True North

Life favors the specific ask and punishes the vague wish. ~ From Tools of the Titans, by Tim Ferris If I had a time machine, like many of you I'd definitely use it to go back in time and redo or rethink certain major decisions in my life. First and...

No Time for Drama

Grant me the Serenity to accept the things I cannot change, The courage to change the things I can, and The wisdom to know the difference. ~ The Serenity Prayer via GIPHY SERENITY NOW! One of my all-time favorite episodes from Seinfeld. I'm constantly uttering this exclamation. Both tongue-in-cheek and...

Everything Else is a Win

Ask yourself, “What is the worst that can possibly happen?” Prepare to accept it if you have to. Then calmly proceed to improve on the worst. ~ Dale Carnegie, How to Stop Worrying and Start Living This piece of advice started working for me in trading years ago, and then...