I’d call it responsible gambling. And my main advice would be “don’t try this at home”. But I’d prefer to call this a reasoned wager. For me it was almost an investment. I made the bet in four instalments but I’d always planned to wage £900,000. I staggered it in the hope that the odds…
The expression the way you do one thing is the way you do everything is a phrase I freely admit that I pinched from Michael Yardney. It is a phrase that gives a wonderful insight into both the character of people and the reason why they might fail or succeed at a given endevour. Let…
Please get rich. I mean really rich. Make this your year to do just that. Yes, I realise it’s in vogue to think of the rich as being capitalist pigs, worthy of derision – but let’s look at the facts. Unless you personally develop wealth, then you’re going to have to rely on the rich…
Unless you change what comes out of your mouth, and what has taken root in your mind, you’ll be stuck exactly where you are now… forever. Successful traders are ludicrously intolerant of excuses. Their own, and others. When I was broke, I used to spout drivel about why it wasn’t my fault. One day I…
I was sent an email during the month. Here is a direct quote: “It’s nice that you’re trying to show women how it’s done, but it’s clear you’ve been riding on Chris Tate’s coat-tails for years. He’s the brains behind the operation.” Keep in mind that this is from a person I’ve never met, has…
Singer Vehicle Designs make bespoke versions of older 911’s and their work is stunning. Singer Vehicle Design 360 degree video presentation from Singer Vehicle Design on Vimeo.
I receive a lot of emails from people asking ‘How do I get the right mindset to really excel?’ Usually they want something for free to give them a taste of what they need to come out as a winner. While I love helping people, I do get frustrated, because usually, most of the things…
Interesting little flow chart from the folks at Huffington Post.
This is an excellent little piece on the need for noise management in trading. 1. Consider your source. Unless the source is unimpeachable, ignore it. Experts (and especially phony experts) are prone to the same weaknesses all of us are, of course. Philip Tetlock’s excellent Expert Political Judgment examines why experts are so often wrong in sometimes excruciating detail.…
Whilst driving home I had the misfortune to hear a market report and one of the reasons given for BHP rising against the tide today (a staggering 0.28% rise) is that iron ore prices are surging….. Interesting how a 31% collapse is seen as a surge. Journalists are so thick.
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