A Consumer is someone who spends money to get a result, without necessarily understanding how the result is achieved.
For example, if I want a new bookshelf I might head over to Ikea and buy one. I’ll then take it home, […]
Here’s a question for you:
John has two children. At least one of them is a boy.
What’s the probability that the other child is a girl?
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Decide on an answer before moving on.
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Ready?
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Ok!
Intuitively, most people would guess that there’s a 50% chance […]
For a period of time, I was teaching myself how to make a good linguine Aglio E Olio.
As a fan of both stoic philosophy and pasta, I am constantly amazed at how such a simple dish can be so delicious. […]
Go to any popular Forex trading forum and you’ll see entire sections dedicated to the discussion of various technical indicators and systems.
You’ll see people talking about different period settings and how they use them in combination with other indicators to […]
As a beginner trader, I spent over $20,000 on trading seminars, videos, books and courses. On top of that, I would also spend hours each day scouring though a variety of trading websites and discussion forums.
Despite all this however, I […]
First, a definition: Good judgement refers to the ability to make superior decisions based on more relevant insights.
For example:
Your car breaks down in the middle of a desert highway, and you don’t have access to a […]
Trading is not for the naive.
I often get emails from people who are struggling with their trading, and don’t understand why they keep losing.
The thing is that for many retail traders, the reason for their struggle boils down to one […]
Success with trading isn’t complicated.
It’s simple.
Not easy, but simple.
Too often though, the Shiny Object Syndrome leads us to chase distractions that lead us further away from what we want.
The thrill of something new encourages us to abandon clear thinking and […]
How do you know if you’re trading or gambling?
To find out the answer, ask yourself a simple question:
How soon do you judge the results of your trading?
If you judge your performance after anything less than a year, you’re […]
As individuals living in society, most of us have similar instincts and desires.
Thus, in any given situation, we tend to act and react like most other people. Our behavior typically mirrors that of everyone else.
And for the average person who […]