MF Global for Dummies (i.e., Congress) (Peter Brandt) • Hislsenrath: At home with Ben Bernanke (Alphaville) • The best and worst of Wall Street 2011 (Fortune) see also Top economists reveal their graphs of 2011 (BBC News) • Housing Bust to Look Worse With Sales Revised (WSJ) • Gingrich Tax Plan Would Codify Lower Taxes On Rich Than On Middle Class (TPM) see alsoNewt Gingrich and his sleazy ways: A history lesson (Fortune) • China-Based Hacking of 760 Companies Reflects Undeclared Global Cyber War (Bloomberg) • The dos and don’ts of Googling people (CNN) see also Google’s 3 Top Executives Have 8 Private Jets (Tech Crunch) • Amazon’s Kindle Fire lets kids charge up a storm (Yahoo Finance) • Steve Jobs: Reflections on His Legacy (Wired) • Handbook for Life: 52 Tips for Happiness and Productivity (Zen Habits)
Just Late Night and in Morning read these links……….u too can read and enjoy !
“The irony is that in real time, I never fully feel like I am trading successfully because I am always aiming for performance that is higher than I am attaining. I am generally my own worst critic and constantly set the bar higher than my last jump. The result is that it is difficult for me to crow about the “successes” of my trading career.
But, to the degree I have been consistently successful through the years, I believe it is due to three factors. First, I am obsessed with risk management. I spend more time and mental energy focusing on risk control protocols than on anything else. Managing losses and losing periods is my number one priority. If I can just tread water during the inevitable tough periods, sooner or later I will find myself caught in a favorable tide.
Second, my trading approach is overly simple by design. The result is that I know with as much certainty as is possible with a discretionary approach when there is a trade entry in my program. It does not mean that the trade will be profitable – only that the trade is there.
Third, I have tried to engage market speculation systematically, breaking down the process of trading into every conceivable component. What flows from this is an understanding of what components of trading are controllable and measurable and what components are uncontrollable. By the way, whether the next trade or series of trades will be profitable is not a controllable factor. Once a trader learns this — it is then possible to remove ego from the equation.” – Peter Brandt