What is this?

I think it's a intraday trend.

I thought they were extinct.

In celebration of this new found trend like object I suggest we all listen to SRV at a volume level that disturbs the neighbors.

Superstition

Yesterday a blog post, today a small profit.

Hmmmm

That and the fact that Long & Wrong has banned me from commenting on his blog means I'm back.



Whether I have any thing to say is another matter.

I'll just keep blathering on until LW bans me from my own blog.

Are Great Traders Born or Taught?

The whole turtle trader experiment was done to answer that question, nature vs nurture. The prevailing answer seems to be it can be taught as most of the traders succeeded in the experiment. However when you read about the traders from that test, the majority failed after they left the tutelage of Richard Dennis and William Eckhardt and tried trading on their own.

I think it can be taught but not everyone has the mind set, or the nature, to succeed in this business. It is a strange business.

How about guitar players? Could this be taught?




I wish I could do that.

I think I could take lessons and practice for years and never be able to play the guitar like those two guys. My uncle can play the guitar and banjo and has never had a lesson in his life. He just listens to the music and then plays it. How can that be? Think about that, it's crazy.

So we know that trading and music can be taught and if you practice enough you may become good. But can you truly become great, or is greatness determined by our genetics?

Hmmmm.

Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders

The Complete TurtleTrader: The Legend, the Lessons, the Results

Pride and Joy

Got into a big fight with my plan this week. It was ugly, yelling, screaming, crying, and then the neighbors called the police. I threatened to leave my plan, I told her I found a new faster version, one that looked up to me as the trading master I am. I am ashamed to admit I even tried out the "other" plan. But, in the end my plan did not fail me, and she remains as always, my pride and joy.



1 Minute Crude Oil Chart

Matchbox Blues