One of the most important qualities of the professional trader is the ability to manage your psychological state. Psychology is such an important component of shorter term trading that it can make all the difference between success and failure. In my own trading, the essential state of mind I must be in to trade at […]
Tag: Markets
Geithner, the tax cheat, to select winners and losers
Either geithner was too stoopid to figure out how to pay his taxes, in ehich case he doesnt deserve to be Treasury Secretary and also deciding which businesses will win and lode or he was an intentional tax cheat, in which case he also doesnt deserve to be Treasury Secretary. Sen. Bob Corker (R., Tenn.), […]
20 year look back on SPY (the market)
on the monthly chart the 2 massive drawdowns are technically similar on a superficial level, but looking closely you will see that the previous massive drawdown tested the bottom several times before steaming back north. the fundamental economy also had not imploded in that one either whereas we are looking at a deconstruction of the […]
Edge.org: this should be interesting and challenging
Sigh: because i dont have enough on my plate to keep my attention fully engaged. Still, they have some powerful info from one of my heroes, Daniel Kahneman whose intellect spans the whole globe. “To arrive at the edge of the world’s knowledge, seek out the most complex and sophisticated minds, put them […]
Just what kind of a challenge is military acquisition reform? rhetorical?
We were having a discussion about reforming the military acquisition system around the watercooler today, and the subject came up: what kind of lens should we use to look at the problem? Engineering? Political? Scientific? Metaphorical? As we circled around the politics of reform I observed: “…If acquisition is a political process (and it should […]
Wired magazine on: networks and the future of warfare
In a thoughtful article about technology and modern warfare, Wired magazine traces the birth of network warfare, its promise and its reality, which from their perspective was a near failure in OIF/OEF in the nation building phase because of technology’s inability to engage thesocial networks that are crucial to stability operations. The article contributes to the […]
“Paying” for bailouts as if they were taxcuts
I am surprised not to see a suggestion from either side of the aisle, that suggests “bailouts” should be paid for in the same way tax cuts: by identifying dollar-for-dollar tradeoffs. By government standards, the Big 3 bailout is a rather modest sum when you stack it up against the Department of Defense budget. Republicans arguing on principle […]