December 2012

  Fragile- “Easily broken, shattered, or damaged; delicate; brittle; frail.” Robust- “Strong and healthy; hardy; vigorous.” Anti-Fragile- “A postulated antithesis to fragility where high-impact events or shocks can be beneficial. Anti-fragility is a concept developed by professor, former trader and former hedge fund manager Nassim Nicholas Taleb. Taleb coined the term “anti-fragility” because he thought […]

“Make everything as simple as possible, but not simpler.”-Albert Einstein “Simplicity is the ultimate sophistication.” -Leonardo da Vinci My trading success has been a journey NOT of adding things to my trading, but subtracting. My success has always been with simplicity my failures in doing the overly complex. The more I added to my trading

The vast majority of traders have a little voice that arises at times caused by greed and the ego I call “The Inner Trading Demon”. It can feel at times like this “Demon” takes us over and makes us do ridiculous things, especially when we are new to seeing hundreds of dollars come and go

“The elements of good trading are: 1. Cutting losses, 2. Cutting losses, and 3. Cutting losses. If you can follow these three rules, you may have a chance” -Ed Seykota If a new trader comes into the markets with dollar signs in their eyes with nothing but excitement for how much they can make and

Each successful trader has their own traits that enable them to make money in the markets, but every trader also has their own weaknesses and demons that they must battle and keep in check. Some rich traders were born to trade, they have about as much emotional attachment to a big position size as normal

Successful traders have to be very rigid and stubborn in some areas and yet flexible and quick to admit when they are wrong in other areas. Knowing when to be open minded and when to be stubborn is half the battle. Traders should have a very flexible mindset about which way a trade can go

Once you have had success in the markets with trading it is hard to give up and go back to your life before. The first time you make your weeks pay in one hour with your trading account it is hard to go back to your day job. Whether you trade part time or full