Sign in     Like us on Facebook Follow us on Twitter Watch us on YouTube

News and Blog

Join 5000 other sharemarket traders for regular blog updates!

News and Blog

  • Your Perfect Day

    What would be your perfect day? How would you look, feel, and what would you be doing? Strangely, when I’ve asked this to civilians (people outside our close-knit trading community), they don’t even know the answer. But I’ll bet you, if you think about it, you’ll know what you perfect day looks like. You know… Read more…

  • Should You Quit?

    I was talking to my friend, Alan Furlong, on the phone the other day. He’s a loyal follower of the positive psychology movement. I asked him “Alan – what should someone do if they really don’t like their job?” Without hesitation, he said “Quit”. I have to admit, his answer freaked me out. But the… Read more…

  • BHP

    For those of you who hold BHP, my commiserations.Unfortunately, you have not seen much growth for almost a decade and have been underwater for the bulk of that time.   The trajectory of BHP is interesting because it points directly to the fact that we have not had a mining boom – we have had… Read more…

    BHP
    BHP
  • Relative Performance

    I thought it would be interesting to see how the domestic market has performed over various times frames relative to a grab bag of foreign markets. the charts below are in the following order – one year, six months, three months and one month. On the longer time frames we are rubbish but over the… Read more…

Browse to a category

Blog Search

Recent Articles

Your Perfect Day

perfectWhat would be your perfect day? How would you look, feel, and what would you be doing?

Strangely, when I’ve asked this to civilians (people outside our close-knit trading community), they don’t even know the answer. But I’ll bet you, if you think about it, you’ll know what you perfect day looks like.

You know who you want to be with and where you want to be.

Some people have never really clarified what their ideal day would feel like for them. Or, they’ve kept their standards so high, that they can only live it once … like their wedding day. What I’m talking about is more of a lifestyle day, that you could create at will.

To pursue your bliss in life, it means stringing together day upon day of your perfect day.

Either you’re moving closer to having more of your ideal days, or you’re not.

Are you designing your current life around your image of your perfect day? If not, then why not?

Should You Quit?

bliss3I was talking to my friend, Alan Furlong, on the phone the other day. He’s a loyal follower of the positive psychology movement. I asked him “Alan – what should someone do if they really don’t like their job?”

Without hesitation, he said “Quit”.

I have to admit, his answer freaked me out. But the more we talked about it, the more it made sense.

Sometimes your busy-work is not your ‘life’s work’.

So many people have a big stigma about quitting. They’re going through their day with dread, but they feel like they have to keep doing it. At some point it becomes miserable. The treadmill is of their own making.

Staying in a job, a relationship, or a role that isn’t healthy, and won’t lead you to your dreams will bring you right into the ‘zombie zone’. This is a zone where everyone around you is half dead, and you’re fast on your way to joining them.

If you’re waiting for a sign that things aren’t on track in your life, maybe the sign is that you’re waiting for a sign!

You’ve really got two choices. Either you change your attitude about the thing you want to quit, OR, you actually QUIT.

Sometimes, quitting isn’t a bad thing.

Yes, I know I’m the one to say focus, and persevere, but if what you’re doing isn’t bringing you joy – it might be time to re-think what you’re doing.

If what you’re doing is dragging down your soul, it will block you off from seeing the opportunities around you.

What does your internal intuition say? What does your body tell you?

No knight in shining armour will swoop in to save you. If what you’re doing isn’t congruent with who you are, and what your dreams are driving you to achieve… why are you hanging around?
If you’re starting to feel the frustration build up, perhaps you’re living a life that’s not in alignment with your bliss.

Maybe, just maybe, you are living your life… but it’s not your own.

Beginning sooner than you are probably ready for is a hall-mark of courage. Trust in your ability to figure things out. The perfect timing is never going to come.

Set a D-Day. That’s the day you quit. In the meantime, you do everything you can to channel your education and your resources into achieving what you need by that date. Without that D-Day, it’s wishful thinking.

Your D-day is the day you leave the thing that’s not satisfying, not healthy, or not nurturing your soul’s desire. Stop marching to the beat of your miserable drum.

If your D-Day is more than 2 years into the future …. it’s too long to wait.

The vast majority can change almost any aspect of their life within 6 months. I’ve seen it with my own eyes with members of our Mentor Program.

Set your date. Work towards it with passion and focus.

Good traders hustle. They move fast.

So move fast.

BHP

For those of you who hold BHP, my commiserations.Unfortunately, you have not seen much growth for almost a decade and have been underwater for the bulk of that time.

Screen Shot 2014-10-21 at 7.32.10 am

Screen Shot 2014-10-21 at 7.33.02 am

 

The trajectory of BHP is interesting because it points directly to the fact that we have not had a mining boom – we have had a mining infrastructure boom. The two are very different. A mining boom is generated by a lift in commodity prices, as such all commodity based stocks benefit from this lift. If you drop the price of iron ore over the top of the price of BHP you see something that is not unexpected but which is nonetheless very interesting.

Screen Shot 2014-10-21 at 7.37.47 am

As you would expect BHP tracks the price of iron ore – a fact a lot of advisors miss. The upshot of this is that you have a leading indicator for BHP. If iron prices rise so to does BHP, if they fall so to does BHP. Investing is really not as hard as it is made out to be…..

 

Relative Performance

I thought it would be interesting to see how the domestic market has performed over various times frames relative to a grab bag of foreign markets. the charts below are in the following order – one year, six months, three months and one month. On the longer time frames we are rubbish but over the one month period we are not the worst.

year

63

1

 

On The Side Of The Optimist

An interesting interview with Marc Adreessen the inventor of Netscape and venture capitalist. He makes the following poiint -

What did you do?

I just went to college. I did my thing. I came out here in ’94, and Silicon Valley was in hibernation. In high school, I actually thought I was going to have to learn Japanese to work in technology. My big feeling was I just missed it, I missed the whole thing. It had happened in the ’80s, and I got here too late. But then, I’m maybe the most optimistic person I know. I mean, I’m incredibly optimistic. I’m optimistic arguably to a fault, especially in terms of new ideas. My presumptive tendency, when I’m presented with a new idea, is not to ask, “Is it going to work?” It’s, “Well, what if it does work?”

That stance is something I work very hard to maintain, because it’s very easy to slip into the other mode. I remember when eBay came along,3 and I thought, No fucking way. A fucking flea market? How much crap is there in people’s garages?And who would want all that crap? But that was not the relevant question. The eBay guys and the people who invested early, they said, “Let’s forget whether it’ll work or not. What if it does work?” If it does work, then you’ve got a global trading platform for the first time in the world, you’ve got liquidity for products of all kinds, you’re going to have true price discovery.

But clearly you don’t think everything’s going to work.

No. But there are people who are wired to be skeptics and there are people who are wired to be optimists. And I can tell you, at least from the last 20 years, if you bet on the side of the optimists, generally you’re right.

We are back to the notion of what if as opposed to if only…….

Never Lose Hope

Your feelings donhope’t just LAND on you. You generate them.

And if you generate sad feelings, you can also generate energising, happy and exuberant emotions.

Take responsibility for the way you’re feeling right now. If you are ‘losing hope’ it means that you haven’t chosen to generate hope in your life. It means that you haven’t chosen to rejuvenate yourself by drawing in the beauty of life around you. Go for a walk in a park, and realise how lucky you are to be here.

Notice the people around you. Sometimes you’ve got to get out of your own house to realise how big the world is.

Generate your own feelings. You’ve had beautiful days before. They will come again.

In this moment, you can choose new thoughts. You can direct your focus to support your own growth.

Say ‘yes’ to what moves you towards your dreams.

If you’re struggling with hope, maybe it’s because you’re not passionately pursuing what’s important to you.

When you’re in the chase of your ‘bliss’, running after it with your hair disheveled, and your feet pounding the pavement… there is no possibility of losing hope.

I know the days can get dark, but you deserve to have your dreams. Amidst all of the craziness of the world, you can still control what’s going on between your two ears.

Speaking of choosing emotions, I have to tell you – I’ve been so touched by everyone’s emails and support that I’ve received through the month. It seems that my troll email hit a nerve, and a lot of you related to plight in so many ways.

It reminded me about why I chose to have you in my life.

It reminded me about why creating a strong trading community is just so damn important to me.

If you didn’t get a chance to read last month’s newsletter, click here.

To read Chris Tate’s response about that particular email, click here.

 

The World Is Changing And So Are Cars…..

$nbsp;

General Advice Warning

Trading Game Unit Trust © 2002 – 2014 (ABN: 18 418 996 042) is an Authorised Representative of Weather Pro Pty Ltd, Rep No. 418664, AFSL 419155. The Trust is affiliated with The Trading Game © (ACN: 099 576 253), Louise Bedford, Chris Tate, Art of Trading Pty Ltd, Trading Secrets Pty Ltd and Trading Game Pty Ltd. This information is correct at the time of publishing and may be not be reproduced without formal permission. It is of a general nature and does not take into account your objectives, financial situation or needs. Before acting on any of the information you should consider its appropriateness, having regard to your own objectives, financial situation and needs.