The Black Pearl
How to Recharge Before You Lose All Your Money
Take a mental health day whenever you feel you need it. No one is going to be there to give you permission to do so. Trading is a grind and a marathon. Doing the same thing day in and day out can become monotonous. You’re not loser nor are you losing focus by taking care…
What Is Bitcoin, and How Does It Work?
If you find the concept of Bitcoin confusing, you are not alone. The virtual currency has been a constant source of controversy, but it is still not well understood. More here – The New York Times
5 reasons boredom is essential for good ideas by Michael Yardney
People aren’t often bored these days. Take a look at your own life. I bet it’s filled with lots of plans, things to do and people to see. Ask anyone how they are these days and what do they say? Busy. Everyone is busy nowadays, rushing around and doing a million things at once with…
Our travels…
I’m just hi-jacking Chris’s blog for a minute to tell you how we’re going on our trip to Singapore and London. We loved sophisticated Singapore, and had a great time catching up with our fantastic Mentoree (circa 2008) – Fred. It’s been great to see how he’s grown, and to see that he’s been so…
Stress hormones in financial traders may trigger ‘risk aversion,’ contribute to market crises
High levels of the stress hormone cortisol may contribute to the risk aversion and ‘irrational pessimism’ found among bankers and fund managers during financial crises, according to a new study. Cortisol is a hormone secreted by the adrenal glands in response to moments of high physical stress, such as ‘fight or flight’. Importantly, cortisol also…
8 Subconscious Mistakes Our Brains Make Every Day–And How To Avoid Them
Get ready to have your mind blown. I was seriously shocked at some of these mistakes in thinking that I subconsciously make all the time. Obviously, none of them are huge, life-threatening mistakes, but they are really surprising and avoiding them could help us make more rational, sensible decisions. Especially since we strive for self-improvement…
Gamblers, Scientists and the Mysterious Hot Hand
IN the opening act of Tom Stoppard’s play “Rosencrantz and Guildenstern Are Dead,” the two characters are passing the time by betting on the outcome of a coin toss. Guildenstern retrieves a gold piece from his bag and flips it in the air. “Heads,” Rosencrantz announces as he adds the coin to his growing collection.…
The most valuable thing your money can buy… Michael Yardney
We all know that money can’t buy happiness. If you’re unhappy before you make a lot of money then extra cash isn’t going to suddenly change your outlook on life. I have written in the past about people who win Lotto, and the fact that many of them end up losing their fortune. They’re not…
What’s the ultimate way to defy depression, disease and early death? Exercise
Are you sitting comfortably? Bad idea. Stand up and walk around the house. Leave your desk and jog down the office stairs. Even better – jog up the stairs. If it’s lunchtime, go and join a yoga class or head for the shops on foot. What’s to lose? You are going to feel better and…
How Loving-kindness Meditation Makes You Healthier, Happier, and Kinder
If you’ve ever watched someone meditating it looks like they’re just sitting there with their eyes closed. But what’s going on in their head is extremely interesting: metta meditation (or ‘loving-kindness’ meditation if that’s your thing) has been proven to actually make long-term practitioners certifiably better people. You might have to do it for 1,000…
A Brief Introduction To Game Theory
A Brief Introduction to the Basics of Game Theory from Trading Game Pty Ltd
Why ‘no’ is an underrated word – Michael Yardney
Spare a thought for the word ‘no’. It gets a bit of a bad rap. It’s seen as a negative word to use, a slap-down, a refusal. And many people are uncomfortable with using it. They tend to stick to ‘maybes’ or they delay making decisions. Sometimes they will simply ignore an issue, hoping it…
