I am finishing the week a bit early this week, have some review work scheduled. Anyway, it is NFP Friday, so stay safe. Here are some reading materials I have collected over the week, I thought might be valuable for traders’ development.
Never give up by Nick Vujicic: When you feel like giving up something, watch this clip — Never give up by Nick Vujicic – Tags: traders development – https://www.youtube.com/watch
Seven Things I Would Tell the Younger Me: Seven Things I Would Tell the Younger Me – by Jack Sparrow – Tags: traders development – http://www.mercenarytrader.com/2013/12/seven-things-i-would-tell-the-younger-me/
How To Be Right a Lot: “Jeff Bezos stopped by our office yesterday and spent about 90 minutes with us talking product strategy. Before he left, he spent about 45 minutes taking general Q&A from everyone at the office. “He said people who were right a lot of the time were people who often changed their minds. – by Jack Sparrow – Tags: traders development – http://www.mercenarytrader.com/2012/10/how-to-be-right-a-lot/
Anxiety in Trading: Limiting Profitability by Micromanaging Trades: Old post, but a classic , worth reading again. One of the most common trading problems I see is what I call micromanaging trades: managing positions on a time frame that is shorter than the one utilized to conceptualize the trade. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2009/01/anxiety-in-trading-limiting.html
From Trading Goals to Trading Performance: What Makes Goals Work: One theme I’ve been stressing with traders early in this new year is that having goals isn’t enough to ensure success. It’s what you do with those goals that counts. Too often trading goals are like the resolutions at the start of the year: good intentions that never see concrete follow-through. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com/2010/01/from-trading-goals-to-trading.html
Getting Better at Getting Better: In the summer of 1976, Kermit Washington was in trouble. He was a power forward in the N.B.A., and had just finished his third season with the L.A. Lakers. – by Malcolm Gladwell, James Surowiecki – Tags: traders development – http://www.newyorker.com/magazine/2014/11/10/better-time
9 Books That Malcolm Gladwell Thinks Everyone Should Read: Having sold more than 4.5 million books, Malcolm Gladwell is one of the most popular authors alive today. – by STEVEN D. LEVITT, STEPHEN J. DUBNER – Tags: traders development – http://www.businessinsider.com.au/malcolm-gladwell-favorite-books-2014-11
How to Become a Peak Performance Trader: Thanks to Bella at SMB for pointing out this excellent article on getting better at getting better across multiple areas of performance. As the author of the article points out, “Today in sports, what you are is what you make yourself into. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2014/11/how-to-become-peak-performance-trader.html
The Business of Trading: This is an edited version of a special webinar that was held on Sunday, 2nd November, 2014. It was edited to remove references to others.Topics Covered include: – Why this is not your normal job.- Why having ‘perservance’ is not enough.- Why the law of attraction does not work.- Understanding how th – Tags: traders development – https://www.youtube.com/watch
Are Traders Dumber Than The Average Human Being?: When you listen to traders talking they throw around technical terms and sound really smart: VIX, implied volatility, DJIA Fractal match, XLV Call Ratio Spread, Adverse Excursion, intermarket analysis, Asset Swapped Convertible Option Transaction, Risk-Adjusted Return On Capital… – Tags: traders development – http://www.tradeciety.com/traders-lose-money/
: The webinar was on the topic of Tackling Discipline Issues and explored typical trading Mis-Behaviours, what is behind them, why will power alone is not enough for change, as well as what you should consider focusing on if you wishing to master yourself as a trader. – Tags: traders development – https://www.youtube.com/watch
Tony Robbins, The CEO Whisperer: “I own you!” Six thousand people—sales executives, marketing pros, software developers, me—are shouting those same three, potent words at a colleague or complete stranger standing next to them. Faces are contorted. Fingers are being jabbed. – by Brian O’Keefe – Tags: traders development – http://fortune.com/2014/10/30/tony-robbins-best-advice-executive-coach/
Successful People Vs. Unsuccessful People (The habits that differentiate them): We are what we repeatedly do. Excellence, then, is not an act, but a habit. – Aristotle Your daily activities create your future. If you want a positive looking future, you have to plan to apply good habits in your every day life. – by Anthony Dejolde – Tags: traders development – http://www.lifehack.org/articles/communication/successful-people-unsuccessful-people-the-habits-that-differentiate-them.html
12 Trading Lessons From The Volatile Month Of October ZorTrades: The month of October was very volatile month that caught many or at least the people that I talk to by surprise. The SP500 closed the month up 2.3% after being down 7% by October 15, the COMPQ closed up 3.04%, it was down at one point 6.18%, the Russell 2000 went from being down 5. – by Frank Zorrilla – Tags: traders development – http://zortrades.com/12-trading-lessons-from-the-volatile-month-of-october/
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
How Experts Practice Better Than the Rest: My dad and I were standing in the front yard. Maybe that’s why I remember it. We typically practiced baseball in the backyard, but for some reason we were out front that day. I was around 9 years old and learning how to pitch. My dad was walking me through the basic mechanics. – by James Clear – Tags: traders development – http://jamesclear.com/deliberate-practice-strategy
10 Things From The Bible You Can Apply To Your Work: The Bible is one of the most important books in the world. It doesn’t matter if you’re religious or not; the impact it has had across the world makes it as much a historical document as a spiritual one. It even has some fringe benefits most people don’t know about. – by Matt OKeefe – Tags: traders development – http://www.lifehack.org/articles/work/10-things-from-the-bible-you-can-apply-your-work.html
Thinking out loud…I think.: Well, I’ve been extremely poor in updating my blog. There have been a number of reasons I could use for this, but the truth is procrastination is my middle name! After reading @red5trading blog http://lunchboxtrader.blogspot.co. – by curvededge – Tags: traders development – http://curvededge.wordpress.com/
Three Powerful Predictors of the Success of New Traders: I recently conducted my own mental survey: I identified the young traders I had seen grow into successful money managers with superior track records of risk-adjusted returns. I then asked myself how they achieved their success. – by Brett Steenbarger – Tags: traders development – http://traderfeed.blogspot.com.au/2014/11/three-powerful-predictors-of-success-of.html
How To Turn Evernote Into The Best Trading Plan Ever: How often have you found yourself flipping through timeframes of the same instruments time and time again without really knowing what you were looking for!? And how many times did you identify a potentially good setup but then forgot about it just to see that it played out exactly as you thought i – Tags: traders development – http://www.tradeciety.com/create-your-trading-plan-template/
Enjoy, and have a good weekend.
Keep Learning, Keep Trading.
Gav