Live within your means.

Be comfortable living within your means.


Andrew McAfee: What will future jobs look like?

Interesting Ted Talk about the future of jobs as technology advances.
Do you believe in an abundant future?


Big Money On The Move

Like every other trader, I like to think I could have been astute enough to get a chunk out of Thursday's market action.

As I go through my routine of manually reviewing my method against the chart, I know I could have easily have gotten crushed. The market volatility would have punished the greedy. For example, trying to short the YM (Above chart) at 0945 would have immediately faced a 100 point pull back! My goodness that's scary-humbling to even imagine being on the wrong side of that trade.  

Not a market prediction, just an observation. I'm trying to avoid predicting what will happen next, I know as a trader/speculator, that's kinda of what we do. Let me try to explain myself. I want to develop the habit of 100% emotional detachment from what I hope or want to happen in the market for the sake of being able to react appropriately to what is happening.