A broad overview of trading strategies based on advance / decline issues.
The Art of Mental Training: A Guide to Performance Excellence by DC Gonzalez
Summary
Regular trading psychology books written by doctors and trainers focus too much on trading and ignored the fact that the ability to master our emotion requires practice and training. This book covers the topic with practical advices and techniques that the readers can use to train their minds properly. It is also a book with motivational stories to make you think and reflect upon your life experience.
Book Information
The Art of Mental Training: A Guide to Performance Excellence
Written by DC Gonzalez
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I Can Never Understand The Central Bankers
I am puzzled by the latest round of statements from the central banks. If these words were coming from a trader or a financial analyst, it is expected. When such statements come from central bankers, it is disturbing.
Like Some People To Act Stupid
The central bankers around the world mentioned many times over the past few months that they like to see the market participants to be more cautious, more fearful while the stock market has been roaring to new high after new high.
What do they mean by "like to see …. more cautious and more fearful"?
Are they saying that they like to see some people (obviously not everyone) to be bearish and somehow not participate in the big bull market while the others profit from it handsomely?
Isn’t that discrimination against a specific group of people within their countries?
Isn’t discrimination a crime in these countries?
Are the central bankers doing something now to make sure some people will act stupidly so that they can get a market that is more cautious?
Discriminatory Intend
These central bankers use money provided by their countries to support the stock markets from time to time has caused significant financial losses for a specific class of citizens, namely, the speculators who refused to believe their stock markets are being manipulated by their governments.
By similar logic, isn’t it discrimination against these speculators in favour of another group of citizens in these countries?
Any government officials doing something even remotely close to such level of discrimination would have their political career terminated for good.
Yet, central bankers can keep doing what they are doing with no consequence.
Qualification Matters
When we are sick we pay our doctor a visit.
When a developer needs to build a building he hires architects and engineers to make sure the building will be safe and sound.
In our society we hire professionals with proper training and scientific background to ensure the serious matters are taken care of properly.
Well, maybe there is an exception.
When a country is managing its monetary policies, they hire economists.
Sometimes, there are things I just do not understand.
