Horizontal links

Sunday, 8 October 2017

How You Living? Power speech by Dr Rick Rigsby





Sometimes, different world, different culture, we discover values and ideas quite similar to ours...


Mark Twain - I never let my schooling interfere with my education.

I guessed I've led a similar path. 

It never fails to amaze me during my corporate days to find the number of graduates who stopped learning the moment they left school. And they wonder why we never put them on our list of "potentials"...

Same goes for our financial freedom community. Some think just reading 1 to 2 books, attend a few workshops, and they are ready.... If you think like that, just visit STE's blog and look at his private library. And CW mentioned he has almost read all the books on investment in our public libraries.

If you want to bring a knife to a gun fight, nobody stopping you!


Aim low and hit it.

On second thought...

I think I'll stop and let you fill in the blanks yourself.


How you living?

This is especially true for those in their 40s and above.

1/3 to 1/2 our lives are gone now...

Have you run out of excuses yet?



19 comments:

  1. I am running out of time and physical health. No more pull ups and sit ups. The moral of story is even such exercises don't wait for us.

    ReplyDelete
    Replies
    1. CW,

      There's a time and season for everything.

      Just like we don't save sex for our old age, there are somethings that is best done in our youths, and there are things best done in our twilight years ;)

      I've met an Australian tourist in Athens who regretted he took too long to travel at 65 after retirement... By the time, his knees gave way. He spent most of the tour in the tour coaches :(

      He told me he should have done so 10 years earlier at 55...



      Delete
  2. Hi SMOL,

    This one lagi better. Bring sword to a tank-vs-tank match:

    https://vignette.wikia.nocookie.net/warhammer40kfanon/images/c/cd/Drive_me_closer_i_want_to_hit_them_with_my_sword.png/revision/latest/scale-to-width-down/600?cb=20091011115912

    ReplyDelete
    Replies
    1. Unintelligent Nerd,

      Reminded me of my Counter-Strike playing days where I knifed 2 clueless snipers with my knife in the back and thw whole LAN shop roared with laughter!

      That's what happens when you have "tunnel vision"... LOL!


      Delete
  3. Thanks for sharing. Best speech i seen this year.

    ReplyDelete
    Replies
    1. Thanks Leopard!

      I think it goes well with your latest video post on Vulnerability ;)

      How you living is the Mancho male version; embracing vulnerability is the Feminine side in use.

      You may notice I am using my real name and pic when I started this blog. And when I poked fellow journey friends here, how's that for vulnerability?

      My "spiritual awakening" was around my late 30s to early 40s?

      You stay free and vulnerable now!

      Have fun ;)


      Delete
  4. here's an interview with a true trader, listen to him, not me!

    take noted of his quote "entery level has nothing to do with winning"!

    https://www.youtube.com/watch?v=Rdpm7PZOtwE

    ReplyDelete
    Replies
    1. haha just look at the number of view, hardly any body listen!

      Delete
    2. coconut,

      That podcast is not for the "average" retail trader lah!

      Even I almost fell asleep half-way...LOL!


      I do agree with him on Risk Management. Stop orders and position sizing are just an tiny part of it; they are elementary tools.

      There's a lot more things to consider in totality as part of our Risk Management.

      Its good he mentioned all-in versus scale-in, scale-out executions have an impact on our Risk Management ;)

      But how many retail traders practice Risk Management??? Most don't even use or understand the elementary use of stop-orders and position sizing...

      So anything more "advanced" will fly over their heads!?


      I wonder how many retail traders realise the trading courses and workshops they paid good money for are kindergaten or at best primary school level...

      Retail level what!? What you expect?


      How to tell if the trading course is tertiary level?

      Your classmates would be prop traders, portfolio or hedge fund managers, buy/sell side analysts, remisiers, etc.

      And they not stupid to learn from trainer who only got retail trading experience! LOL!


      Eh! You don't anyhow say entry level has nothing to do with winning!

      What he said was not to OVER analyse our entries...

      It has to do with math and understanding probability.

      Non-gamblers have a problem grasping the concept that even with a 70% winning trading strategy, we can have losing streaks of 10, 20, 100 trades in a row!!!???

      How can it be?

      Yes, entry level has nothing to do with winnings if we are hit by such "clusters" of losing trades ;)

      That's why we have Risk Management to keep us alive until the winning "clusters" come rescue us!

      You har!


      Last point I agree we need to communicate and engage with other traders. That's why I like it so much I can poke you, you poke me!

      I've gained a lot from the exchanging of ideas with you all :)


      Delete
    3. absolutely agree with the last point!!!

      unfortunately i'm a person who hate socialise, i think you can tell by my writing, if you sharp enough, to realised my performance just by reading my "appearance haha...

      Delete
    4. long ago i also tell others that i'm some kind of a market maker, people just think who the f*** are you to be a market maker? well at lease now i have the word discribe for one of my strategy, "low frequency market making" from the interviewer haha...

      Delete
    5. this guy has a lot of common strategy that i'm also employed, except he trade single non correlated market while i trade across different counters with close correlation.

      Delete
    6. i guess mine is a bit more complicated while his is simplier, however this does not mean complication which is mine, is better, i also wish i can simplified my system but i have to forgo many trades that will (i think) reduce my odds of winning!

      Delete
    7. coconut,

      Of course I've realised that ;)

      Glad you are chatting again!


      I don't like to be distracted by instant messaging in chatrooms or tweets. I have a 3-6 months time frame so chit-chat using this blog is good enough :)


      That's why quite a lot of traders who use low frequency market making like you were upset when SGX narrowed the bid/ask spreads...

      Not my style; I more directional.


      His style is like Fat's - a throwback from their pit trading days. One pit; one instrument ;)


      I really need to evolve with the market. STI is ranging between 3200 to 3300. Those who can trade the range are happy and profitable.

      I keep getting stopped-out...

      LOL!


      Sideways ranging markets are murder to Trend Traders :(


      Delete
    8. that is why i say you need to develop at least 2 or multiple strategies so that you can trade according to market conditions.

      i also did directional trades believe me or not but not as often as using others strategies.

      bare in mind all methods or strategies can make or lose money, but not one single method has a winning odds, you need to combine and evolve with the market.

      Delete
    9. it is obvious to me that if you are a trend trader, you need to learn how to counter trend trade. that to me is a must and fundalmental!

      if you can switch these 2 methods at ease, ofcos you can't do it at the same time (actually i can by abritraging/hedging), a whole new world will open up to you. i'm not saying you will make money immediately but trading will becomes a much more fun and open up new opportunities for you.

      Delete
    10. coconut,

      Yup, I wish I could do it "both ways" ;)

      Baby steps.

      There are always new mountain peaks to challenge ourselves in Trading :)


      Delete
    11. here's another education vedio, these good one are hard to find!

      https://www.youtube.com/watch?v=eestOVjy41w

      Delete
    12. coconut,

      Thanks!

      The presenter walks too much!

      LOL!

      Delete

Related Posts Plugin for WordPress, Blogger...