Sunday, February 28, 2010

"... Rene's Cartesian Pluralism ...".

"... to do is to be", - Jean Paul Sartre."
"... to be is to do", - Rene Descartes."
"... do be do be do be", - Frank Sinatra."



Cheers

Sunday, February 14, 2010

"... how full is your glass ?".

Remaining focussed and positive in turbulent markets is hard.

What do you see :.

"OPPORTUNITY IS NO WHERE".
"OPPORTUNITY IS NOW HERE".

In his book, "Trading Dimensions: How to profit from chaos in stocks, bonds and commodities", Bill Williams, (1998), indicates that if we saw the first statement, we are more likely to be taking a negative view of where the markets are heading. Whilst if we saw the second statement we are more likely to be more positively focussed about the future.

Williams points out that this moment in time is unique, it has never been before, and will never come again, and that our attitude towards how we will trade it from this point onwards, is greatly influenced by our current perceptions and the environmental factors that have shaped our intellect to date.

How full is your glass ?


Cheers

Saturday, February 6, 2010

"... trading your shirt for your conviction ...

With the markets moving two and three standard deviations every other day, some times the damage to your account, your ego and your mental state takes it's toll and you want to give up.

Ask yourself, "... where is my conviction, has it deserted me in this time of need ...?.
"A man who can keep his childhood dreams in all their purity,
Preserve them in his naked and defenceless breast ,
Who, despite the laughter of this world, dares to live as he had dreamed in his childhood,
Down to his last days: yes that is a man, a man in all he is".
On July 21st 1944, Major General Henning Von Tresckow's wrote these words in a farewell letter to his wife, Erica, a few days before his execution as the leader of Operation Valkyrie , the plot to assassinate Adolf Hitler.



Now, reflect on this and again and ask yourself, how strong is your will, your conviction, your focus to seek out what you need to do to survive in these times?.

Try harder.

Cheers