Friday, March 26, 2010

Friday Thoughts and Perspectives

* Two killer words in the trader lexicon: "should have";

* The power of embracing frustration and turning it into opportunity;

* Thanks to a sharp reader for the link to this article on taking pressure out of trading;

* Hiring boom on the near horizon?

* New home sales still look weak;

* EU uncertainty over Greece weighing on the euro;

* Bank bonds face best of all worlds;

* How the market trades after being down on Fridays;

* Don't take time off when you're trading well!
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1 comment:

Mark Wolfinger said...

As usual, nice links.

Regarding #3, taking pressure...

his point #8 is: "8. Set rules for yourself and never violate them. If you violate a rule, impose a stiff penalty on yourself: a week off of trading? When you violate rules, it is a clear sign you are out of control."

That seems wrong to me, and I thought your thoughts on this are: it's okay to violate a rule, but there must be a good reason specific to the individual trade.

Did I misunderstand you?

Regards,