Check Out The Preview For This Incredibly Violent Anti-Wall Street Movie That Comes Out On Friday “Assault on Wall Street,” a new movie from director Uwe Boll, hits theaters for limited release on Friday. Below is the synopsis, via Rotten Tomatoes: A security guard for an armored truck, Jim (Dominic Purcell), is a blue-collar New Yorker who works hard to earn a living. His wages support himself and his wife Rosie (Erin Karpluk), who is on the upswing recovering from a near-fatal illness. Yet things start to fall apart after Rosie’s health insurance stops covering her treatment and Jim’s life savings are lost via a disastrous investment his stockbroker had advised him to make. As a row of professional and personal dominoes falls, Jim is confronted by the realization that, after being abused and exploited by financial institutions for far too long, he has only one choice: to strike back. From the mind of notorious German writer/director Uwe Boll (House of the Dead), ASSAULT ON WALL STREET is excoriating look at the American financial system that is sure to stir up plenty of Occupy-esque sentiment. Watch the trailer below. Perfect Trader The Perfect Trader is patient with entries and exits, they are focused on what works not personal opinions. They do not worry about missed trades, the Perfect Trader does not boast while winning and does not become depressed while losing. They are never too proud to admit when they are wrong and exit their trade. They do not give unsolicited advice to other traders because they know everyone trades their own system and their own plan. They are not angered by the market action with losses because they take full responsibility for all their trades. They keep a detailed record of all their trades to learn from winners and losers. They love trading and never stop learning and getting better. The Perfect Trader always protects their capital through risk management, always trusts in their methods, always has faith in themselves and method, and always perseveres. Ten Ways to Trade With an Edge An edge is an advantage that a trader has over his competitors, allowing him to generate and retain profits from other traders . There can be many types of trading edges through risk management, psychological management, and through better trading methods. Here are a few: A selective trader that only trades the best set ups, trends, and stocks has the advantage of waiting for the fat pitch and not just swinging at every ball thrown his way. Simply using correct position sizing can put you in the top 10% of traders simply by not blowing out your account and staying in the game by maximizing winners and minimizing losers.. Risking no more than 1% of your capital per trade brings your risk of ruin down to almost zero and allows the trader to survive losing streaks. You have the edge of being around to have a winning streak later on. Only taking trades with a risk-to-reward of 3 to 1 or better gives the opportunity to have bigger winners than losers in the long run which is needed to be profitable. Trading in the direction of the trend in your time frame gives you an edge over those losing money by fighting the trend. Having the discipline to follow a trading plan gives you an edge over those that trade based on fear and greed. Speaking of trading plans, also those that actually have a plan on how to trade and what to trade have an advantage over those that trade based on opinions. Knowing who you are as a trader and picking your defined method gives you an advantage over those that float from method to method throwing away money in losses by being a jack of all trades and master of none. A trader that trades a robust system that fits their personality has a huge advantage over those that can not handle the stress and strain of a system that does not fit them and they abandon it during losing streaks, usually their losses become the wins for the comfortable trader that sticks with their method until the winning streak begins. A trader with perseverance, passion, and love for the markets will beat a someone trying to make some quick money eventually and every time. A GLASS OF WATER

Check Out The Preview For This Incredibly Violent Anti-Wall Street Movie That Comes Out On Friday

 

“Assault on Wall Street,” a new movie from director Uwe Boll, hits theaters for limited release on Friday.

Below is the synopsis, via Rotten Tomatoes:

A security guard for an armored truck, Jim (Dominic Purcell), is a blue-collar New Yorker who works hard to earn a living. His wages support himself and his wife Rosie (Erin Karpluk), who is on the upswing recovering from a near-fatal illness.

Yet things start to fall apart after Rosie’s health insurance stops covering her treatment and Jim’s life savings are lost via a disastrous investment his stockbroker had advised him to make. As a row of professional and personal dominoes falls, Jim is confronted by the realization that, after being abused and exploited by financial institutions for far too long, he has only one choice: to strike back.

From the mind of notorious German writer/director Uwe Boll (House of the Dead), ASSAULT ON WALL STREET is excoriating look at the American financial system that is sure to stir up plenty of Occupy-esque sentiment.

Watch the trailer below.

 

Perfect Trader

 

The Perfect Trader is patient with entries and exits, they are focused on what works not personal opinions. They do not worry about missed trades, the Perfect Trader does not boast while winning and does not become depressed while losing. They are never too proud to admit when they are wrong and exit their trade.  They do not give unsolicited advice to other traders because they know everyone trades their own system and their own plan.  They are not angered by the market action with losses because they take full responsibility for all their trades. They keep a detailed record of all their trades to learn from winners and losers.  They love trading and never stop learning and getting better. The Perfect Trader always protects their capital through risk management, always trusts in their methods, always has faith in themselves and method,  and always perseveres.

 Ten Ways to Trade With an Edge

An edge is an advantage that a trader has over his competitors, allowing him to generate and retain profits from other traders . There can be many types of  trading edges through risk management, psychological management, and through better trading methods.

Here are a few:

1.  A selective trader that only trades the best set ups, trends, and stocks has the advantage of waiting for the fat pitch and not just swinging at every ball thrown his way.
2. Simply using correct position sizing can put you in the top 10% of traders simply by not blowing out your account and staying in the game by maximizing winners and minimizing losers..
3. Risking no more than 1% of your capital per trade brings your risk of ruin down to almost zero and allows the trader to survive losing streaks. You have the edge of being around to have a winning streak later on.
4. Only taking trades with a risk-to-reward of 3 to 1 or better gives the opportunity to have bigger winners than losers in the long run which is needed to be profitable. 
5. Trading in the direction of the trend in your time frame gives you an edge over those losing money by fighting the trend.
6. Having the discipline to follow a trading plan gives you an edge over those that trade based on fear and greed.
7. Speaking of trading plans, also those that actually have a plan on how to trade and what to trade have an advantage over those that trade based on opinions.
8. Knowing who you are as a trader and picking your defined method gives you an advantage over those that float from method to method throwing away money in losses by being a jack of all trades and master of none.
9. A trader that trades a robust system that fits their personality has a huge advantage over those that can not handle the stress and strain of a system that does not fit them and they abandon it during losing streaks, usually their losses become the wins for the comfortable trader that sticks with their method until the winning streak begins.
10. A trader with perseverance, passion, and love for the markets will beat a someone trying to make some quick money eventually and every time.

 

A GLASS OF WATER

A young lady confidently walked around the room with a raised glass of water while leading and explaining stress management to an audience. Everyone just knew she was going to ask the oft repeated question, ‘half empty or half full?’ But she fooled them all…

“How heavy is this glass of water?” she inquired with a smile.

Answers called out ranged from 8 oz. to 20 oz.

She replied, “The absolute weight doesn’t matter. It depends on how long I hold it. If I hold it for a minute, that’s not a problem. If I hold it for an hour, I’ll have an ache in my right arm. If I hold it for a day, you’ll have to call an ambulance. In each case it’s the same weight,but the longer I hold it, the heavier it becomes.” She continued, “and that’s the way it is with stress. If we carry our burdens all the time sooner or later, as the burden becomes increasingly heavy, we won’t be able to carry on.”

“As with the glass of water, you have to put it down for a while and rest before holding it again. When we’re refreshed, we can carry on with the burden – holding stress longer and better each time practiced. So, as early in the evening as you can, put all your burdens down. Don’t carry them through the evening and into the night… pick them up tomorrow. Whatever burdens you’re carrying now, let them down for a moment. Relax, pick them up later after you’ve rested. Life is short.”

Traders not only carry positions overnight but can also carry the worry burden of those positions. When that happens we have a tendency to allow the worry to dictate our subsequent action. But if we truly believe we will follow our strategy and trust ourselves to do the right thing when in a losing position, I am certain the worry burden can be greatly reduced or even eliminated. Knowing that the weight of a losing position will get heavier the longer we worry over it should cause us to pause and ask…”Is it worth it to hold a loser when it is really time to let it go?” Holding a loser that we know we should exit RIGHT NOW will not only worry us but will keep us from seeing other potentially profitable trades. Then we are not only worried but frustrated as well. So, it is a loss/loss proposition.

So, the next time we fret over the one that should get away let’s remember the following maxims:


1 Accept the fact that some days you’re the pigeon, and some days you’re the statue!

2 Always keep your words soft and sweet, just in case you have to eat them.

3 Always read stuff that will make you look good if you die in the middle of it.

4 Drive carefully… It’s not only cars that can be recalled by their Maker.

5 If you can’t be kind, at least have the decency to be vague.

6 If you lend someone $20 and never see that person again, it was probably worth it.

7 It may be that your sole purpose in life is simply to serve as a warning to others.

8 Never buy a car you can’t push.

9 Never put both feet in your mouth at the same time, because then you won’t have a leg to stand on.

10 Since it’s the early worm that gets eaten by the bird, sleep late.

11 The second mouse gets the cheese.

12 When everything’s coming your way, you’re in the wrong lane.

13 Birthdays are good for you. The more you have, the longer you live.

14 You may be only one person in the world, but you may also be the world to one person.

15 Some mistakes are too much fun to make only once.

16 We could learn a lot from crayons. Some are sharp, some are pretty and some are dull. Some have weird names and all are different colors, but they all have to live in the same box.

17 A truly happy person is one who can enjoy the scenery on a detour.

Remember These 13 Points

 

1. Predictions do not work as tomorrow is uncertain. We will only boast about things we have predicted right and talk nothing about the other half we got wrong.
2. Skills can bring us moderate success. However, luck is needed to be a big success. (credit to Jon)
3. We tend to credit our successes to good skills and blame our failures on poor luck.
4. Some of us rely on luck (most unknowingly) by investing for high returns (and losses). A few of us will make big money but most of us will end up much poorer.
5. Some of us deliberately limit the luck factor by choosing investment products with capital guarantee and guaranteed returns. None of us will make big money but none of us will be very much poorer.
6. We need to know how much we can afford to lose (financially and emotionally) before deciding to be No. 4 or No. 5, or somewhere in between.
7. We have many biases. The degree of success in investing or trading depends on how much we can keep our biases in check. No, we cannot remove our biases totally.
8. Confirmation bias – we see what we want to see. We seek out evidence to validate our investment decision and ignore those that suggest otherwise.
9. Availability bias – we are influenced by the things we observe. If people we knew made a lot of money through property investment, we will think that properties are the best investments in the world and develop a preference for it.
10. Loss aversion bias – we want to be compensated for high returns before we decide to take the risk to invest. We often wait for markets move and show high returns before we want to invest. We are not interested if markets are not moving.
11. Hindsight bias – we tend to say “I knew it” after an event has happened.
12. Survivor-ship bias – we only get to hear stories of successes but many stories of failures were untold.  See No 2 and No 3.
13. Most us do not know what we want in life. We think we will be happier with more money.