Blog Profile / Mercenary Trader
| URL : | http://www.mercenarytrader.com/ | |
|---|---|---|
| Filed Under: | Business & Finance / Investing | |
| Posts on Regator: | 769 | |
| Posts / Week: | 5.4 | |
| Archived Since: | August 23, 2010 | |
Blog Post Archive
Gartman’s 16 Rules of Trading
"2. Trade Like a Wizened Mercenary Soldier: We must fight on the winning side, not on the side we may believe to be correct economically..."
Scaling In and Out
"My approach is to build to a larger size as the market is going my way..."
Has the US Dollar Long-Term Bottomed?
After shredding the weak sauce of Krugman-worshiping journos in a recent rant, it’s only fair to give some credit: Tom Stevenson of the UK Telegraph puts together a solid macro case for a bottoming US dollar. The piece, “After a decade of decline, it’s time for the dollar to have its day,” is worth perusing. Show More Summary
Weezy, You Idiot
Krugman-worshiping journalists are writing off "old" hedge fund managers who see great danger in the Fed's policies. Pissed off rant dead ahead...
Homeostasis
"Homeostasis, remember, doesn’t distinguish between what you would call change for the better and change for the worse. It resists all change..."
Mike vs Knish (Gearing Up for the Big Game)
Thoughts on weird macro... Mike vs Knish: Who to manage your money?... the problem with grinding... gearing up for the Bellagio "big game"... and more...
Don’t Be a Hero
Not being a hero means less glory, but ultimate more profit, because if you wait for the optimal moment (which is almost never the initial turning point), you can more effectively scale up and put leverage to work in your favor...
It Just Ain’t That Simple (Poker, Trading and Academic Folly)
As a professional-grade poker player and long-time Economist reader, the following made me laugh: How to Win at Poker: A Handy Tip Economist April 20th print edition A POKER face. It is the expressionless gaze that gives nothing away. Show More Summary
Sparrowisms
A few dozen "Sparrowisms" are sprinkled throughout our collection of trading quotes. Here they are in one place...
Never Forget What You Are
"Never forget what you are, for surely the world will not. Make it your strength..."
Winning It Ain’t the Same as Keeping It
Rather than daydreaming of a huge windfall in markets, perhaps traders should proactively seek out windfalls of experience, seasoning and knowledge...
Keeping At It
If Michael Marcus had to "keep at it," you probably do too...
Mashed Potatoes With Black Swan Gravy
Basically, if investors had any sense they would be purchasing black swan insurance by the metric ton right about now (instead of shunning it)...
The Dabbler, the Obsessive, and the Hacker
"The categories are obviously not quite this neat. But the basic patterns tend to prevail, both reflecting and shaping your performance, your character, your destiny..."
Core Philosophy
"The essential element is having a core philosophy..."
Sharks, Whales and Apex Predators
The dynamic between Great Whites and Orcas is analagous to the poker table (as the following tale attests)...
Always Fully Invested
Wisdom from the great and wise Peter Lynch, who should be especially heeded this day...
Drill Deeper
The "drill deeper" mindset can be good advice for struggling traders who feel unsatisfied with their results...
The Space Between the Notes
French composer Claude Debussy once said, “Music is the space between the notes.” This is a very useful idea...
Wait Long, Then Move Fast
"Wait long, then move fast" is good advice in trading and in life...