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Quote

Mar 26, 2008 -

Tim Ferriss, the author of The 4-Hour Work Week , has a great post on a great quote from Robert Heinlein's The Notebooks of Lazarus Long


Lazarus Philosophy: The Danger of Expectations and The Beauty of Duty

Do not confuse “duty” with what other people expect of you; they are utterly different. Duty is a debt you owe to yourself to fulfill obligations you have assumed voluntarily. Paying that debt can entail anything from years of patient work to instant willingness to die. Difficult it may be, but the reward is self-respect.

But there is no reward at all for doing what other people expect of you, and to do so is not merely difficult, but impossible. It is easier to deal with a footpad [a thief] than it is to deal with a leech who wants “just a few minutes of your time, please - this won’t take long.” Time is your total capital, and the minutes of your life are painfully few. If you allow yourself to fall into the vice of agreeing to such requests, they quickly snowball to the point where these parasites will use up 100 percent of your time - and squawk for more!

So learn to say no - and to be rude about it when necessary.

Otherwise you will not have time to carry out your duty, or to do your own work, and certainly no time for love and happiness. The termites will nibble away your life and leave none of it for you.

This rule does not mean that you must not do a favor for a friend, or even a stranger. But let the choice be yours. Don’t do it because it is “expected” of you.
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Wall Street Job Market 2009

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Assorted March 25th 2008 Links

Mar 25, 2008 -

Steve Palmquist Trader Interview

Steve Palmquist is a trader with more than twenty years of market experience who puts his own money to work in the market every day. His new book, Money-Making Candlestick Patterns: Back-Tested for Proven Results, is due out soon. I talked with Steve about how he uses candlestick charts and why his book focuses on ways he increases his probability of success using candle charts by a factor of four, just by adding in a few additional data points. Listeners can learn more about testing trading systems, his current view of the market and the setups he is watching at his site at daisydogger.com.

Barry Burns Trader Interview

Barry Burns is a full-time trader who takes a very hollistic approach to trading. Here we talk about the various things he looks at to find trades each day (he refers to them as "energies"). We also talk about his background and how having a father who was also a professional trader helped him get his start in the business and the importance of mentors for him. We also discuss why having "trying to figure the market out" is opposite of what traders should be doing. Have a listen to see what he means. Barry also has a blog at TopDogTrading.com.

Trading With Emotional Intelligence Part Two

Emotional Intelligence and Trading Part One

30 Major Causes of Failure
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Personal Development and Trading Links

Mar 24, 2008 -

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Archived Blog Links:

Brad's Method Explained

The Best Indicator is...

How Common Is Elite Talent Among Day Traders?

It is achieved as the result of a developmental process, not as the uncovering of any magic setup or indicator. The single greatest challenge for traders and trading psychologists alike is to harness this developmental process. Are you on a learning curve that can lead to the acquisition of expertise? I can think of no more important question for self-evaluation.

7 Powerful Steps to Overcoming Resistance and Actually Getting Stuff Done


So how do you start, when you feel resistance? You just start. Feeling the need to do something else? Stop yourself from getting distracted. Remind yourself what you need to be doing, and why. Sit down and the set time and place. And just start.

A Guide to Cutting Back When You Feel Overwhelmed

There must be quite a few things that a hot bath won’t cure, but I don’t know many of them. - Sylvia Plath

Professional Day Trading- Mark to Market

Our goal is to be able to use mark-to-market accounting for our trading. What is mark-to-market? By default traders are taxed under the capital gains method. As such most of your trades will fall under the short-term rate, currently 28%. We want to file using mark-to-market accounting which will tax our income as ordinary income.


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eBooks

Mar 18, 2008 -

Coming Soon!
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My General Sentiment on Life At This Moment Can Be Best Described By....

Mar 16, 2008 -

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His co-worker Freamon is the man who found a balance between his work life and his private self, an equilibrium that came at a price. Freamon languished for 13 years-and four months- in the Kafkaesque hell of the department's pawn-shop unit before he finally transferred in Lt. Cedric Daniels' investigative unit. And it's Freamon who tries to slap some verbal sense into McNulty whenever the young detective lets his impatient heart get in front of his head

"A life, Jimmy, you know what that is? It's the shit that happens while you're waiting for moments that never come."

-Lester Freamon on The Wire


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Thankful

Mar 12, 2008 -

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AM THANKFUL


I AM THANKFUL FOR THE WIFE
WHO SAYS IT'S HOTDOGS TONIGHT,
BECAUSE SHE IS HOME WITH ME
AND NOT OUT WITH SOMEONE ELSE.

I AM THANKFUL FOR THE HUSBAND
WHO IS ON THE SOFA BEING A COUCH POTATO,
BECAUSE HE IS HOME WITH ME
AND NOT OUT AT THE BARS.

I AM THANKFUL FOR THE TEENAGER
WHO IS COMPLAINING ABOUT DOING THE DISHES
BECAUSE THAT MEANS SHE IS AT HOME
AND NOT ON THE STREETS.

I AM THANKFUL FOR THE TAXES
THAT I PAY
BECAUSE IT MEANS
THAT I AM EMPLOYED.

I AM THANKFUL FOR THE MESS
TO CLEAN AFTER A PARTY
BECAUSE IT MEANS
THAT I HAVE BEEN SURROUNDED BY FRIENDS.

I AM THANKFUL FOR THE CLOTHES
THAT FIT A LITTLE TOO SNUG
BECAUSE IT MEANS
I HAVE ENOUGH TO EAT.

I AM THANKFUL FOR MY SHADOW
THAT WATCHES ME WORK
BECAUSE IT MEANS
I AM OUT IN THE SUNSHINE.

I AM THANKFUL FOR A LAWN
THAT NEEDS MOWING,
WINDOWS THAT NEED CLEANING,
AND GUTTERS THAT NEED FIXING,
BECAUSE IT MEANS
I HAVE A HOME.

I AM THANKFUL FOR ALL THE COMPLAINING
I HEAR ABOUT THE GOVERNMENT
BECAUSE IT MEANS
THAT WE HAVE FREEDOM OF SPEECH.

I AM THANKFUL FOR THE PARKING SPOT
I FIND AT THE FAR END OF THE PARKING LOT
BECAUSE IT MEANS
I AM CAPABLE OF WALKING
AND THAT I HAVE BEEN
BLESSED WITH TRANSPORTATION.

I AM THANKFUL FOR MY HUGE HEATING BILL
BECAUSE IT MEANS
I AM WARM.

I AM THANKFUL FOR THE LADY
BEHIND ME IN CHURCH
THAT SINGS OFF KEY
BECAUSE IT MEANS
THAT I CAN HEAR.

I AM THANKFUL FOR THE PILE
OF LAUNDRY AND IRONING
BECAUSE IT MEANS
I HAVE CLOTHES TO WEAR.

I AM THANKFUL FOR WEARINESS AND ACHING MUSCLES
AT THE END OF THE DAY
BECAUSE IT MEANS
I HAVE BEEN CAPABLE OF WORKING HARD.

AND...

I AM THANKFUL FOR THE ALARM
THAT GOES OFF IN THE EARLY MORNING HOURS
BECAUSE IT MEANS
THAT I AM ALIVE.
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Entered CENX & COIN

Mar 5, 2008 -

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COIN stop: 13.50
CENX stop: 64.50
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