Archive for the ‘psychology’ Category
Monday, July 31st, 2006
Ah yes, let me tell you about the skelton in my trading closet. It’s
evidence of everything a trader could do wrong. It’s so bad, it’s
embarrassing.
Those of you following along know that I entered a bearish position of
the Qs last Monday and Tuesday. I thought that I was SOOOOO right in my
play that I could leave the position open while I went away from the
market for THREE days. Ah. It’s painful to write about.
So now I’m coaxing myself into believing that I can still hold on to
what could potentially wipe out my trading portfolio. It’s a sad
situation. I’ve already lost 50% in the trade but I’m still clinging to
it. I’m thinking to myself that the trade obviously wasn’t right last
monday and tuesday, but maybe it will be right by next monday or
tuesday. Oi!
Posted in analysis, option, psychology, trade journal | No Comments »
Monday, July 31st, 2006
That can be the key to stressful situations. If they are apart of your
work, then it is necessary. I asked a friend how his most recent
assignment was going, and that’s what he said, “I’m getting used to
it.” I think that’s where the calm of maturity comes in. When you are
either young or inexperienced, the pressure is more extreme. A seasoned
old pro, however, can calmly wade through the choas to the other side.
Posted in inspired, psychology, reflection | No Comments »
Monday, July 31st, 2006
I’m back from a much needed week-long vacation. This coming week should
prove to be a busy one, and the next one even busier. I’m going to try
and exit that options position I opened last week if the market keeps
moving up. If I have to do that I’ll be locking in my most humbling
losses yet. Oi vey!
The first day back is always a shock. When I’m coming back from Maine,
I’m coming from the wilderness. I wake up in a little house overlooking
the penobscot. It’s home to eagles, osprey, deer and moose. 24 hours
later I’m in the mix on broadway in the morning rush. I’m weaving
through the crowd on my morning commute, toward my office in a
skyscraper overlooking the New York harbor. The amount of change that I
see in those short 24 hours is a real trip.
Back at ‘em today!!
Posted in commute, maine, nyc, psychology, reflection | 1 Comment »
Wednesday, July 19th, 2006
I am so thankful for such a day. It was simple, and like many others
recently, but still full of so many good things. I’ve had demanding
work to do. I’ve had two excellent meals and I assume I will have a
third shortly. I’m going home to a woman I love dearly, who is hard
working, beautiful and kind. I have great friends who are also working
hard to make it, just as I am. There continues to be a stream of
positive events in my life. I feel that it is important to take stock
in this way every once in a while. It is necessary to count your
blessings, even though they will probably be too many to name. Love,
family, friends, health, and gainful employment are at the top of my
list.
I’m inspired to be grateful because of role models I grew up with, but
also by the daily events of my life. There is are people in New York
City of all degrees of prosperity, from the heirs of dynastic wealth to
the beggers who walk between the trains underground. There are parts of
the world that do not know peace as we do. There is so much to be
grateful for. I think that it takes a positive well rested mind to
fully appreciate them though. There are times when I am too exhausted
to think about anything outside of my lack of sleep.
Perhaps the ability to feel gratitude is itself a great privilege. Can
a person who has not eaten for a week be grateful for love? Can someone
who has poor health be grateful for wealth?
I think this could be the prime of my life.
Posted in inspired, psychology, reflection | No Comments »
Friday, June 23rd, 2006
Today I find myself doing something that has taken years of preparation
in many aspects. However, it’s something that I would never have
guessed I would do during the preparation stage. I was working hard to
learn what I was being taught, but I never knew I would apply it in this
way. How could you know? I know few people who have had their lives
laid out as clear plans before them. Much of life is chance, and the
things you do today could be the preparation that makes you ready to act
on tomorrow’s opportunity.
What are you learning? What do you hope to be ready for?
Posted in ambition, inspired, psychology, reflection | No Comments »
Tuesday, June 20th, 2006
5 out of 5 stars!!
I have to give this book the highest rating possible. It is a truly
inspiring, envirogorating read.
Its pages are filled with a set of simple lessons that clearly explain
the path to financial security. Teachings along the way include the
importance of determination, self-control, and hard work. This is the
most frank account of how to be successful that I have ever read. I
personally feel motivated to improve the way that I handle money. I
have already been putting 10% of my earnings away, but I am inspired to
do more. This book has ignited my desire to be more industrious and
hard working so that I may provide for a family and secure a comfortable
and enjoyable future.
This book comes with my highest recommendation.
Posted in ambition, inspired, psychology, reading, reflection, review | No Comments »
Thursday, June 15th, 2006
Man, the why’s realy hit me hard on the train this morning. Why am I
riding the train? Why am I rushing in the mornings? Why do I go to the
city? Why am I studiyng the stock market and technical analysis? There
were many other questions as well. I was sitting in a cloud of
uncertainty. I tried to take a few minutes to relax (while standing on
the train with 8 people immediately next to me) and find some answers.
I thought back to my childhood. I remember how I used to love to
collect change. I used to watch Ducktales on TV and I wanted to be just
like Scrooge McDuck. He had a gigantic tower of coins. It was the
biggest piggy bank ever. At the top of the tower was a diving board
which only Scrooge could use to dive into his money. He could swim in
the coins. Other characters would try to imitate him, but they
splatted against the coins everytime, as if they were diving into
cement. I remember putting my pennies into little plastic baggies
because I wanted to have money bags like Scrooge.
That’s about all I came up with for answers. Suffice it to say that I’m
not taking myself too seriously today.
I’m just trying to recognize the uncertainty and let it pass. I think
feelings like this reflect in many decisions I’l make throughout the
day. Maybe this feeling is why I was uncertain about my earlier market
analysis.
Posted in analysis, psychology, reflection | No Comments »
Wednesday, June 7th, 2006

Okay, so these cars do cost a lot of money, but is it immoral to buy
such a nice thing for yourself? Under any circumstances? Is it
possible that you can do enough good for the world in order to earn the
right to be so self indulgent? What do you think?
Posted in new york, nyc, psychology, reflection, show and tell | No Comments »
Wednesday, June 7th, 2006
I saw this lean mean driving machine outside my office building on a
beautiful day last week. I guess that there’s some well paid trader or
executive that decided the subway, or the car servixe just wasn’t
cutting it. Hey, if you’ve got too much money, I guess it doesn’t
matter if you use it to buy a ferrari. Personally, I hope I would make
different uses of incredible wealth. I’m not sure exactly what I would
do with it. Some would definitely go to world travel. I really would
like to see more of the world. If I had enough I would like to
establish some kind of education enterprise. Hopefully some
scholarships as well.
Posted in psychology, reflection, show and tell | No Comments »
Wednesday, May 31st, 2006
When people ask me “Why ‘Get The Money 2006′?” I have one simple answer:
jewels!
I am running this campaign single mindedly. I have one objective, and
that is to game the options market in order to buy rubies, emeralds,
diamonds, and other precious stones.
Jewels are not just about dazzling jewelry, they’re also important for
treasure chests. There’s nothing like having a chest of jewels buried
away somewhere to give you piece of mind. Where else could you turn
when your home is ran sacked? That’s when you want to have a treasure
map with an X marking the spot, the jewel spot.
Posted in humour, market, money, option, psychology, trade journal | No Comments »