While not wanting to diminish the mental anguish that many people, unfortunately, suffer from. It is better to be super wealthy and unhappy than to be poor and unhappy. If I had a dollar for every time I’ve heard the term “first world problems”, my bank account would look similar to those of my clients.…
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All trading systems contain friction and friction extracts a fee from the trader. The more you can do to identify and minimise sources of friction the more profitable a system becomes.
No one should really be caught off guard by this but oddly people are.
One of the problems that afflicts traders both new and old is the belief that everything they see occur in the market has an underlying cause and if this underlying cause can be understood then the markets can be mastered. The problem with this approach is that it fails to acknowledge that markets are natural…
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This may seem somewhat tangential to trading but psychology is psychology. Self-talk can either be a generator of performance or it can be self-limiting – the trick is to notice when the inner couch becomes the inner critic.
Sweden has a global reputation for championing high taxes and social equality, but it has become a European hotspot for the super rich. On Lidingö island there are huge red and yellow wooden villas on rocky cliff tops, and white minimalist mansions with floor to ceiling windows.Less than half an hour’s drive from Stockholm city…
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I have to admit to being quite ignorant as to how the US college system works with regard to funding so this was quite enlightening. Be warned it does stray into politics.
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