I have collected some tweets over time, which I think it is helpful for traders to read again from time to time. You can treat as “trading wisdom” or just general reminder of rules to run this business.
Here is the latest addition to the “Videos worth watching” collection.
Burn the boats! by Andy Andrews
In February 1519, Hernando Cortez set sail on the final leg of a voyage that was to take him from Cuba, a stopover, to the shores of the Yucatán. He commanded 11 ships, with more than 500 soldiers, 100 sailors, and 16 horses, bound for Mexico to take the world’s richest treasure. The precious jewels, gold, silver, and sculptures sheltered on this limestone peninsula had been hoarded by the same army for over 600 years. As they listened, Cortez leaned in and said three simple words that changed everything: “Burn the boats.”
Lately, I found myself watching more videos than reading blog posts. And I have found some of them are really good, and definitely worth watching again. I thought it might be useful to collect these videos and put them into a place where I can access them easily. As a result, I have created a video gallery on this blog for this purpose.
You can find the link “Videos worth watching” at the side bar or “Video Collection section” from the main page.
For clarification, I am NOT the owner of these videos. These videos are freely available on hosting sites such as Youtube. All I am doing is to organize them into a useful collection, and hopefully, it is useful to some of you.
I will be adding new videos to the collection. Of course, I welcome recommendations (please, no self promotion).
All right, head to the video gallery, and enjoy watching, and learning!
Here is the sneak preview of the gallery, visit the page for full list of videos
Here are the articles in my weekend reading list
Better to be lucky than good?: What makes a career is coming in most days and making steady, consistent amounts in the markets and taking the bonuses when they come along.. – by Lee Gibbs – Tags: traders development – http://www.futexlive.com/blog_post.php?id=33
Consistency Is Not A Game of Perfect: We asked the SMB community which topics they wanted to learn more about it in the upcoming “Peak Performance Trading and Investing” video course. Out of a list of ten topics, by far the most popular was “How to Be More Consistent”. – Tags: traders development – http://www.smbtraining.com/blog/consistency-is-not-a-game-of-perfect
Three Steps In Overcoming Trading Fears: Many situations can be interpreted as threats. That leads to an anxiety response and an activation of the body’s fight-or-flight stress response. Once we perceive something as a threat, we can either run from it or we can face it. Facing a fear does not necessarily mean fighting or fleeing. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/05/three-steps-in-overcoming-trading-fears.html
Forget About Setting Goals. Focus on This Instead.: We all have things that we want to achieve in our lives — getting into the better shape, building a successful business, raising a wonderful family, writing a best-selling book, winning a championship, and so on. – by James Clear – Tags: traders development – http://jamesclear.com/goals-systems
The Trading Coach — Ask anything : how can I become more consistent as…: I have been actively trading for 5 years. I have followed the market for 25 years.. I have tried trading covered calls, medium and high beta stocks (ex – AAPL, SBUX ,CELG, TSLA. I have tried intraday trading options -no luck. – Tags: traders development – http://mikebellafiore.tumblr.com/post/119119226497/ask-anything-how-can-i-become-more-consistent-as
Your Trading And Investment Style And Why It Is Important: The recent post suggested that how we are wired–socially, emotionally, and cognitively–helps to determine our success in financial markets. – by Brett Steenbarger – Tags: traders development – http://www.forbes.com/sites/brettsteenbarger/2015/04/30/your-trading-and-investment-style-and-why-it-is-important/
When Coaching Is Not The Answer: Here are a few situations that I’ve encountered recently with traders: * A trader who showed talent but also tended to overtrade tried psychological exercises, journaling, reading books, and speaking with a coach. Upon review, the trader appeared to have a lifelong pattern of poor attention. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/05/when-coaching-is-not-answer.html
Enjoy, and have a good weekend.
Keep Learning, Keep Trading.
Here are the articles I have collected (yes, a long list of readings) I thought might be useful for personal/trader’s development.
Tenacity And The Investor: An Interview With Charles E. Kirk: Note: Charles E. Kirk has been involved in the investment world for over 20 years. He is best known as the author of The Kirk Report, an analytical service that also curates important writings in the finance media. – by Brett Steenbarger – Tags: traders development – http://www.forbes.com/sites/brettsteenbarger/2015/05/08/tenacity-and-the-investor-an-interview-with-charles-e-kirk/
The Decision Making Plan – An Alternative Process to Trade Entry: I think it was around 2 years into writing this website that we started getting into some deeper discussions about how and when you pull the trigger on trades. – Tags: traders development – http://www.nobrainertrades.com/2013/08/the-trade-decision.html
How Great Masters Think: Robin Sharma shares that to believe in yourself when no one believes in you is to start your rise to genius. – by Robin Sharma – Tags: traders development – http://www.robinsharma.com/blog/05/how-great-masters-think/
Soup for the Trading Soul: I’d initially planned to write my second blog on something completely different to the one I’m about to attempt to effectively portray for you. – by Lee Gibbs – Tags: traders development – http://futexlive.com/blog_post.php
How Sleep Deprivation Decays the Mind and Body: Getting too little sleep can have serious health consequences, including depression, weight gain, and heart disease. It is torture. I know. I remembered the hallway I had been wheeled down, and the doctor’s office where I told the psychiatrist he was the devil, but not this room. – by Seth Maxon – Tags: traders development – http://www.theatlantic.com/health/archive/2013/12/how-sleep-deprivation-decays-the-mind-and-body/282395/
You Can’t Win If You’re Not Playing The Right Game: Mark Minervini makes an interesting point: the market is like poker in that the most important element of success is knowing which game to sit in on. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/04/you-cant-win-if-youre-not-playing-right.html
How successful people work less—and get more done – Quartz: This post originally appeared at LinkedIn. Follow the author here. As co-founder of Hotwire.com and CEO of Zillow for the last seven years, 39-year-old Spencer Rascoff fits most people’s definition of success. As a father of three young children, Spencer is a busy guy at home and at work. – by Travis Bradberry – Tags: traders development – http://qz.com/386166/how-successful-people-work-less-and-get-more-done/
Commitment Is Required: A huge part of a successful relationship between a student and teacher is consistent commitment by both. Recently Seth Godin talked about the importance of commitment and which I agree with wholeheartedly… “We spend way too much time teaching people technique. – Tags: traders development – http://www.kirkreport.com/2015/04/26/commitment-is-required/
Why Traders Should Consider The Other Side Of The Trade: Think you’ve found the perfect trading setup? A textbook bull flag ready to take off? An exhausted gap just begging for an opportunistic short? Trading-focused social media and websites are packed with traders touting the seemingly perfect trading setup. – by BetterBeta Trading – Tags: traders development – http://www.betterbetatrading.com/why-traders-should-consider-the-other-side-of-the-trade/
Hidden in plain sight: trading multiple timeframe influences: Multiple timeframe analysis is almost a buzzword in technical analysis. I have been involved in markets actively for two decades, and have been an active participant in dialogue about markets for most of that time. – by AdamHGrimes – Tags: traders development – http://adamhgrimes.com/blog/hidden-in-plain-sight-trading-multiple-timeframe-influences/
6 Key Takeaways from the 2015 Berkshire Conference: Greetings from Omaha! Yesterday, I attended the Berkshire Hathaway Annual Meeting and finally got to see Buffett and Munger answer questions in person. For years I’ve followed the conference online, but it was definitely worth the seven-hour drive from Chicago to experience it live. – by Todd Wenning – Tags: traders development – http://www.cleareyesinvesting.com/2015/05/6-key-takeaways-from-2015-berkshire.html
Re-reading is inefficient. Here are 8 tips for studying smarter.: The way most students study makes no sense. That’s the conclusion of Washington University in St. – by Joseph Stromberg – Tags: traders development – http://www.vox.com/2014/6/24/5824192/study-smarter-learn-better-8-tips-from-memory-researchers
The Procrastination Doom Loop—and How to Break It: Delaying hard work is all about your mood. When I woke up this morning, I had one goal: Finish this article by 11 a.m. – by Derek Thompson – Tags: traders development – http://www.theatlantic.com/business/archive/2014/08/the-procrastination-loop-and-how-to-break-it/379142/
Defeating the Ego through Self Awareness: As a trader I had to learn how to see myself in such a way where I would not be limited by just one perspective of myself and my own self-image. I realized that I could see different perspectives and recognize different parts of me that made up MY SELF as a whole. – by admin – Tags: traders development – http://www.thetradingframework.com/defeating-the-ego-through-self-awareness/
12 Weekend Habits of Highly Successful People: I’ve read countless articles about what successful people do on their weekends. Do you want to know the secret? It’s the same thing that they do every other day. As Aristotle said, “We are what we repeatedly do. Excellence, then, is not an act, but a habit.” – by Emma Rushton – Tags: traders development – http://www.lifehack.org/articles/productivity/12-weekend-habits-highly-successful-people.html
Should You Be Using a Futures Platform to Trade Currencies?: For most retail Forex traders, quality software options are scarce. At least on the retail side, there has been a severe gap that hasn’t appeared to close itself since the boom of FX trading back in the early 2000’s. – by Steve W. – Tags: traders development – http://www.nobrainertrades.com/2015/05/should-you-be-using-a-futures-platform-to-trade-currencies.html
The Trading Coach — I am doing so well. I am scared I am about to…: Well we have all had these feelings as a trader/investor. I am doing so well…this cannot continue. And we are fearful about what is around the corner. In my last book, The PlayBook, I offered a guideline so you wouldn’t be scared after success and develop a scalable trading system. – Tags: traders development – http://mikebellafiore.tumblr.com/post/118878383797/i-am-doing-so-well-i-am-scared-i-am-about-to
A psychiatrist says this skill is the best indicator of a person’s ability to succeed: How you handle the hurdles is extremely telling. We all face obstacles in our lives and careers — and while theycan make us better and stronger, they can also put us over the edge. – by Jacquelyn Smith – Tags: traders development – http://www.businessinsider.com.au/psychiatrist-says-this-skill-is-the-best-indicator-of-success-2015-5
Going From Managing to Leading Your Trading Business: There are few topics more important than that of self-leadership: how we guide and manage our lives. This is particularly true when the business of life also includes a business as a trader or investor. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/05/going-from-managing-to-leading-your.html
Turning Your Defeats Into Your Development: One of the interesting commonalities among the Market Wizards interviewed by Jack Schwager is that many suffered blow ups early in their careers. Those implosions turned into important lessons that shaped their future success. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/05/turning-your-defeats-into-your.html
what is the 1 thing that is absolutely critical to a trader’s success: Trading is tough. But what if you could skip the fluff and focus on what really matters? Through the power of internet, I’ve asked 6 successful traders – Tags: traders development – http://www.smbtraining.com/blog/what-is-the-1-thing-that-is-absolutely-critical-to-a-trader-s-success
The Power of Apprenticeship in Trading: The recent post discussed how we can turn our defeats into development. Since writing that, I received an email from an accomplished prop trader who leads a group within the larger organization. That trader had just sustained the worst losing day of his career. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/05/the-power-of-apprenticeship-in-trading.html
Pinball, Poker, and Trading: Perspectives on Going on Tilt: I recall becoming an avid pinball machine junkie in college and watching players become frustrated to the point where their own tilt led them to throw their machines into tilt. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2015/04/pinball-poker-and-trading-perspectives.html
Enjoy, and have a good weekend.
Keep Learning, Keep Trading.