Recent doctorjanice's Articles
LABOR DAY: TIME TO PAY YOURSELF?
The story of The Richest Man In Babylon by George S. Clason has timeless lessons for each of you as conveyed through The Five Laws Of Gold. These laws were really a five-point philosophy given by Arkad (the richest man in Babylon) to those who would listen and heed his wisdom. I read this book m...
Read More »
Tags:
Around The Block
He that lives upon hope will die fasting…Benjamin Franklin A man had constant dizzy spells and searched everywhere to find a cure. He told a close female friend about it, who advised, “Walk around the block four times on Sunday afternoon.” The man followed the advice, and then complained to his f...
Read More »
Tags:
Failure to Plan Your Trade and Trade Your Plan
By failing to prepare, you are preparing to fail...Benjamin Franklin Ladies and Gentlemen -welcome to Flying Blind Airlines. We hope you enjoy your trip today from Phoenix to Vancouver. We wish to remind you that the pilot has very few navigational aids, no instrument panel, no co-pilot, and no f...
Read More »
Tags:
Trading Trap #3: Failure to Master Your Emotions
When dealing with people, remember you are not dealing with creatures of logic, but creatures of emotion...Dale Carnegie THE RAT BRAIN SITS DEEP WITHIN THE RATIONAL BRAIN I promise to contain my comments here, since this is the area I have written about more than any other. What is the benefit o...
Read More »
Tags:
The Mirror
Look in a mirror, and one thing's sure. What we see is not who we are... Richard Bach The way we perceive our actions or the consequences of our actions is, often, entwined closely with the way we identify who we are. We traders often define ourselves in terms of our trading...our actions and i...
Read More »
Tags:
A Broken Heart
"The face you wear—the thoughts you bring—The heart may heal or break…" - Daniel Clement Colesworthy Today, I had to admit a 35-year-old trader to the hospital. He complained of crushing substernal chest pain and collapsed at his trading desk.He will most likely survive this horrible event. Howev...
Read More »
Tags:
Analysis Paralysis - Part 1
The ability to simplify means to eliminate the unnecessary sothat the necessary may speak…Hans Hofmann, Introduction to the Bootstrap, 1993 E-mails from traders and investors of every ilk come to me daily. I am grateful, and urge you to keep them coming, as you inspire me, challenge me and force ...
Read More »
Tags:
Analysis Paralysis - Part 2
Simplicity is the ultimate sophistication… Leonardo DaVinciIn Part 1, we saw how Alex created overly-ordered charts and diagrams with many different indicators and contra-indicators and extended his OCD (Obsessive-Compulsive Disorder) from every aspect of his life into complex trading charts and ...
Read More »
Tags:
Traders and the 'C' Word - Part 1
Those who think they have no time for bodily exercise will sooner or later have to find time for illness...Edward Stanley (14th Earl of Darby, 1799-1869)The C word is not churn, candlesticks, commodities, contango, crash, curbs or any other Wall Street term that comes to mind. It's CORTISOL.Corti...
Read More »
Tags:
Traders and the 'C' Word - Part 2
To keep the body in good health is a duty...otherwise we shall not be able to keep our mind strong and clear....Hindu Prince Gautama Siddharta, founder of Buddhism, 563-483 B.C.Trading is a competitive sport. It is a rough, tough game. Can you imagine an elite athlete who never worked out or kept...
Read More »
Tags:
