Smelling 189
Filed under: GBP/JPY
March 24, 2008 • 3:27 am 0
Trade Setup: 75
EUR/USD… I’m going long here.
Update 1
Closing 50% position at 200 pips profit and locking rest of the position with +100 pips profit.
Update 2
Moving Stop Loss to +200
Update 3:
Closing all position with 700 pips net profit at 50% and 350 pips net profit as 100% position sizing.
I’m loving it. Finger Lickin’ Good!
Filed under: Weekly Charts
• 3:24 am 0
Trade Setup: 74
USD/CHF: I’m going short here… might be a risky trade.
Long term view
Filed under: USD/CHF
March 23, 2008 • 7:14 pm 0
Testing Windows Live Writer
Test test… here is a picture…
A picture of my campus.
Filed under: Uncategorized
March 22, 2008 • 9:26 pm 0
Why 1% of population owns more than the 99%?
I was reading “The New Market Wizards” (by Jack D. Schwager) today, given its a saturday and I don’t have time wasting ‘regular stupid univerity study” to do.
The author interviewed William Eckhardt, and he said:
If a betting game among a certain number of participants is played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like mis happens in the market. There is a persistent overall tendency for equity to flow from the many to the few. In the long run, the majority loses. The implication for the trader is that to win you have to act like the minority. If you bring normal human habits and tendencies to trading, you’ll gravitate toward the majority and inevitably lose.
That simply rocked my mind. Just imagine… the industrial revolution is only 300 odd years old… the idea of private property is not even a 1000 years old and already the few owns the most of the wealth of the world. This is natural. And the key is not superiority but “minority.”
No wonder why the silent 4 eyed kid who is afraid to go to school to confront all the bullies eventually becomes the BOSS in REAL life. And no wonder why the “dropouts” eventually owns the 4 eyed kids retainer. There is justice in the world after all.
Wealth is not a hard work’s conclusion, wealth is the ability to obtain from the hard workers by being lazy. The world is a sea and the sharks play the zero sum game. I’m trying to change my sides every day from being a value producer to becoming a value grabber. The moral question is the only line I’ve to cross.
Filed under: Random Thoughts
