In many disciplines it makes more sense to monitor the ending of the old with the idea in mind that this ending gives us early warning of the new.
Certainly that is true in fields like trading, where we are interested in activity on the edge, on the margin, in the evolving present, in the real time of now.
Let’s talk about the trader’s nemesis, isolation — the problems it causes, and the benefits that come from it. Isolation is a necessary correlative of trading. I’m not referring to physical isolation, though that is sometimes necessary and useful. I’m talking of mental isolation, independence, and separateness. The essence of trading is independence. A trader […]
Let’s talk about freedom, and of dependency. We speak of living free in an unfree world. We live in a world surprisingly lacking in freedom. In the United States and in many other western industrialized countries we live inside a myth of freedom, that is, we believe we are freer than we actually are. Our […]
The topic here is taking full responsibility for all of our actions. And we speak of anger towards others and towards ourselves. First, about responsibility. Why do we need to discuss this here? Are we not all fully responsible adults, as we go about earning our living and paying our bills and meeting our obligations? […]
There is a special form of lying that is universal and rampant. It corrupts our perceptions and causes all kinds of problems. We constantly engage in this form of lying, and we normally do not recognize when we are doing it. And yet it is very harmful to our efforts to develop self-awareness, and our desire to be conscious of ourselves, and of the world around us.
On early warnings. We speak here of prescience, prognostications, and early warning systems. We speak of intuition and magical thinking. And we look at methods of foretelling change in critical times of peace and war, and in nature. We would all like to be prescient traders. If we could foretell the future we would be […]
Things that are up to me: my will, my opinions, my aims, my aversions, my own grief, my own joy, my moral purpose or will, my attitude towards what is going on, and my own good, and my own evil.
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Lies are sweet, but the truth can be very, very bitter. ”
“Fear is the product of an undisciplined mind.”
“Don’t just sit there and look at the screen. Get up and go spit in the sink three times and say you’ll never trade again.”