Finally, the last US presidential debate is over. Now we just have to sit tight and wait for the outcome by election day. For traders everywhere, hopefully there will be a slow down of random news shock from the two camps. Giving the world a break until the results are in on election day would be nice. I am sure more chaos will follow after the election though …
Bitcoins is on the move again and the crypto traders are getting all excited about it. Although I don’t hold a lot of BTC anymore, it is nice to see more and more famous financial gurus willing to bet on the concept. The latest being Paul Tudor Jones. What he says 5 months ago and what he says yesterday. Of course, he is talking his book because he just bet $100 million (I can be wrong on the figure) on BTC in the beginning of the year.
Read a story about the old Nintendo NES Zapper. It is so interesting to see how game developers managed to overcome the hardware limitations back then. Since I have not played console games for a long long time, I wonder what kind of technology the current generation of shooting games uses for better gaming experience.
I encounter this question pretty much every week in random conversations all the time, “Why do people fail at trading?” All those “gurus” out there giving their personal accounts of determination and perseverance needed to win the game are pure bullshit. Some of them are the lucky ones belonging to the 4% I explained here, the rest are fake gurus who copy the answers from the others on the internet. Here is another take on the issue based on our physiology and that’s why I told everyone that they have to be awaken first before they stand a chance.
To be awaken is a process. High level of awareness is needed for anyone who want to accomplish real mastery in anything. It is a very easy task to do if you choose to practice awareness deliberately. The hard part is making it your second nature or making it effortless. Since majority of the population refuses to do anything that gives them a sense of defeat, thus people with high level awareness is very rare.
For those of you who really want to improve your awareness but lack the guidance, you can start with something easier to digest, like, The Subtle Art of Not Giving a F*ck, so that you have some background understanding about human minds. From there you can progress to learn basic breathing techniques to control your mind. Once a slightly better foundation is built, you can then learn to observe yourself.
Just like anything that worth pursuing, you must be willing to transform yourself in order to stay the course.
Have a great weekend all!