Why I Love The Market

Posted: July 23, 2011 | Author: | Filed under: Trading Notes | Tags: , , , | Leave a comment

It’s like a giant chess game, with an unknown number of players.  There is madness, there is method, & there is you.  You k now that there are other participants; in fact, it’s all those other participants that accentuate the fact that, aside from one of Luck’s 2 faces, you are utterly alone.

I don’t mean to make the activity of trading sound like gambling; It is not. If it is rigged, you are the trap.  & luck, I have often heard from successful people, is the result of one’s own willingness to complete hard work.  There are days where even if you do everything right, you can still be “wrong.” There are too many variable in play all at once to ever be able to make a fully conscious decision in this realm; there are countless other invisible factors called people (this includes you, my friend).  To win against such a beast creates a good feeling.

As I am still learning, I only trade practice accounts. I consider myself a trader–however uninitiated–because I have already been seduced & no one can stop me from wanting what I want. No one can take anything from you when you trade; you lose what you give up, when you lose your grip on values–like Life.

My Favorite (StockTwits) Blogs This Week

Posted: July 22, 2011 | Author: | Filed under: Trading Notes | Tags: , , , , , | Leave a comment

1. The Altucher Confidential

This is pretty much my favorite blog of all-time, but to avoid being very redundant, I will not add this one to every list.  You’ll not find lots of advice about stocks picks; you won’t get a bunch of CNBC-echo here.  What you will get are solid doses of reality from a man who may well be insane; if he is, though, he’ll make you ask yourself why it is that you’ve been assuming you’re sane. I recommended starting out with: “Life Tastes Best When You Eat What You Kill;”  &, even if you don’t consider yourself a writer, you’ll probably end up appreciating “33 Unusual Tips to Being a Better Writer” for 1 reason or another.

2.The Reformed Broker   

This is a smart blog that is also human.  Since I do my own studying, I am not looking to have my hand held. I want to read blogs that can help me to become a better trader just because the authors are fairly intentional about becoming better traders themselves. I have learned that trading is much more about the way one thinks & lives, & less about being able to echo all of the noise. I discovered Josh Brown on Twitter (his tweets are among the more relevant ones I get).  Plus, he just drops random units of knowledge about things I would never research on my own, probably (like the brief bio he tweeted about Peter Gabriel, which was pretty interesting, I promise you).

3. Howard Lindzon   

Because, if you’re gonna be on StockTwits, you might as well see what the CEO is talking about.

Bonus: I also found this gem today called, “I am a Trader.” It’s the 1st time I’ve read Joey Fundora’s blog, but reading this entry is what prompted me to make this list.