New Again

When you’ve achieved a state of mind where you truly accept the risk, you won’t have the potential to define and interpret market information in painful ways. When you eliminate the potential to define market information in painful ways, you also eliminate the tendency to rationalize, hesitate, jump the gun, hope that the market will […]

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Reducing Heartburn

When all your options have been exhausted, make more options. There’s always something else you can do to keep going. When the obvious solutions have failed, get more creative. You owe it to yourself, to the situation, to life, to find a way to make it work. If what has always worked no longer works, […]

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There’s Always Room For Improvement

Over-caution is as bad as under-caution. Both are extremes to be guarded against. Life itself is filled with the element of chance. ~ Napoleon Hill, Think and Grow Rich Thinking in terms of hedging, the above quote makes a lot of sense to trading and investing. It’s obvious where not exercising at least a modicum […]

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Reconnecting

In stillness you can hear yourself think. In stillness you can remember who you are. In stillness you gain perspective. In stillness you connect to purpose. ~ Ralph Marston As I’m winding down this week with the prospect of some upcoming vacation time filling my mind with thoughts of free time and frolic, this quote […]

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The Journey Never Ends

Again and again I learned that lack of equity was a leading cause of failure. ~ Phil Knight, Shoe Dog It seems this is an issue not unique to the world of trading. With big eyes and full hearts, we often try to bite off more than we can chew. I am 1000% guilty of […]

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My Reactions Determine My Success

Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets. ~ Passage from New Market Wizards, Jack Schwager There are very few people in the U.S. that can look at the stock market performance since March and draw any rationalization for how […]

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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. Capture the headline. Look for […]

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