Monday, August 05, 2019

Arnold Schwarzenegger breaks the Internet

Arnold does it again. This time, it's the biggest thing that anyone can break: the Internet. And he does it smashingly (pun totally intended).

It's always fun to listen to Ahnold speak with his trademark Austrian accent that the German insist is German, though they still prefer that Hitler be known as Austrian. Indeed, Hitler was Austrian. And no one mocks his accent better than Jay Leno, whose show made Arnold even more popular. Not that he really needed it.

If there is anyone whose picture should be in every encyclopedia's entry for "mission accomplished" it is Arnold. From an unknown kid in a small country, even by European standards, to the governor of the most prosperous and powerful US state whose economy is bigger than the economies of most developed nations - that's a success story in a genuine American style, with all due respect to Austrians. We don't even have to count many popular Hollywood movies he starred in or a number of Mr. Olympia titles that he won to realize that the man knows what a big time achievement is about.

The video above presents some pieces (perhaps just two) from some of Schwarzenegger's recorded public appearances selected for their highly motivational value.

It is not only fun to listen to Arnold but in this case it is certainly also worth it. While his very life and his many achievements can already be quite inspiring, he sure can also talk in an inspiring way. Since he is the epitome of real deal, what he says sound more genuine and believable than in most such talks that so often merely rise above the level of pep talks.

Success is not easy, but easy things are rarely if ever worth one's time, anyway. Success in trading, especially of a consistent variety, is one of the hardest things to achieve.

As a trader you should aim at becoming financially independent. This is certainly possible to accomplish. While it's good to be optimistic about your success, it's even better not to be naive. This will not happen overnight, so don't quit your daily job yet because someone on the Internet told you you'd make gobs of money trading stocks or futures. This takes time and commitment as well as practice and learning. Learn from the best and don't give up too soon.

I like to think that KING, an e-mini futures course, is a very good starting point and almost anything else you might need if you are a total trading beginner you will find on my site. Start well prepared as this is the best way to ensure you will not give up too easily.

Saturday, July 20, 2019

The Moon landing - fifty years later

There is an intersection in Hollywood (Los Angeles, CA), that the locals in flights of hubris like to call "the most famous intersection in the world." Two streets forming this intersection, Vine Street and Hollywood Boulevard, have their pavements around this area encrusted with stars in tribute to world's most popular entertainment stars - this is the famous Hollywood Walk of Fame.

In the four corners of this intersection sit four large plaques, surrounded by the stars of the Walk of Fame. There are three names on each of them. The names read: Armstrong, Aldrin, Collins.

These outsized plaques remind us of the greatest achievement of human race and the most important event in the history of its civilization ever televised: the first landing on the Moon. It was Neil Armstrong who put the first foot on the Moon on behalf of billions of feet of all beings, small and large, firmly planted on the mother planet. He was followed by Buzz Aldrin. Collins remained in orbit aboard Apollo 11.

The event took place on July 20th, 1969, but its impact is hard to overestimate even fifty years later. It may take us another hundred years or more of perspective before we are able to fully appreciate it. And when we finally do, I predict that a proposal will be made to divide our history into two periods: Before Moon Landing (BML) and After Moon Landing (AML), just as it is now divided into BCE and CE.

It can be said that around that time, the time of the first crewed flights to the Moon, starting with Apollo 8, the first vehicle with humans aboard to orbit the Moon in December 1968, a new human civilization began to form: a civilization of people that thanks to these Moon reaching flights became aware of their common destiny. The image of the Earth floating in space taken from Moon's orbit by the crew of Apollo 8 can be considered a watershed.

The success of the mission of Apollo 11 should not be taken for granted. The landing module after all might have not returned to the orbiting spaceship with Armstrong and Aldrin becoming the first humans to die on the Moon. Many other things could have gone wrong as well. But the mission was a success, a tremendous one at that considering that it was the first of its kind and the challenge it entailed was not of this world. Literally.

To better understand how important these first Moon flights were to the human psyche you may want to watch the video embedded below.

They opened a vista on a grand cosmic stage on which our lives are being played, a perspective previously largely overshadowed by mundane earthly affairs. We went to the Moon to truly discover the Earth and our place in the Universe.

Tuesday, July 16, 2019

Action Changes Things

Let me spell it out even bolder (pun intended): Action Changes Things.

Yes, it does. We all know that, but sometimes, perhaps even too often, seem to forget about it.

As far quotes about taking action go, I must confess that my favorite one is this: "Action creates clarity." I like it not just for its brevity, but also, and even more importantly, because it sounds so true.

This quote is among a number of useful and hopefully inspiring quotes I collected on my e-mini futures trading site in one of the many articles in the section called "A Word of Advice". It is mostly  trading advice, but it can apply outside of trading as well.

When it comes to longer quotes about taking action, but especially commitment - that capricious little brother of action taking - my by far most favorite quote is one from William Hutchison Murray.

It goes as follows.

Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative and creation, there is one elementary truth the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then providence moves too.

All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one's favour all manner of unforeseen incidents, meetings and material assistance which no man could have dreamed would have come his way.

Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it. Begin it now.

It is a beautiful, almost lyrical, piece of wisdom. You can bet that I mentioned it on my site as well, but locating it there now may be a bit of a problem as my site has over the years, 13 and counting, grown quite large. I think you should be able to find it in this section of articles about my flagship e-mini futures product, KING, a day trading course.

I believe more information is better than less information, and this approach works for me, but that does not mean that everything I feel like communicating has to be done through my site. This blog, which is an essential extension of the site, may serve this purpose as well.

Take action then.

If you are interested in KING or trading in general (especially e-mini futures trading that I specialize in), check out my futures website to see if it can help you. Feel free to contact me if you are considering purchasing KING. While my business is a bit in slow-mo these days, I try to reply as soon as possible. If I can't do this within 24 hours, I will do my best to reply within 2-3 days.

Sunday, May 12, 2019

Micro e-mini futures - a new futures trading vehicle

This past week, the second week of May 2019, a new trading vehicle was launched by the CME (Chicago Mercantile Exchange). Or a whole class of them, actually.

I mean micro e-mini futures, something even tinier than e-mini futures contracts that are already a downsized (mini) version of full futures contracts that have been around for quite a long stretch of time now.

You can learn more about e-mini futures contracts from my site.

You can learn basics of these new trading vehicles from the two videos I embedded below. I plan to write a bit more about this on my site as well once I start updating it again, which should happen in the next few weeks or so.

The first video is rather brief, while the other lasts a bit over an hour.

Wednesday, March 27, 2019

158 and the biggest financial scam(s)

158 is a semi-prime or an almost prime. As such, by definition, it is a product of two primes. Here, the primes are 79 and 2 as 158=79*2. For more about primes and my slight obsession with them, see one of my previous posts on this blog through the link provided.

It's also the number of years Bernie Madoff, a man so talented that he managed to scam his clients to the tune of 65 billion dollars (65=13*5, another almost prime), is supposed to serve, though no one is really betting that he will complete his sentence. Perhaps in spirit, but definitely not in flesh.

I was reminded of this thing by a relatively recent YouTube video about Elizabeth Holmes, another fine scam artist, once worth over 4 billion dollars (according to Forbes), now another worthless criminal. Her story is as incredible as that of Madoff's, which a story of great gullibility on the part of seemingly astute investors and of a brazen act of deception on her's.

This video is embedded for your viewing pleasure right below.

The video provides valuable information about how scam artists operate. One of the more salient traits of their personas, probably very natural to them, is a tendency to pretend to be someone greater than they really are. This projection of greatness and excellence can fool many into thinking that they deal with a  genuine visionary. Holmes went as far as to adopt Steve Job's trademark turtleneck to suggest there is some semblance between her and the late Apple founder.

I mention this because these days in the age of the Internet pretending to be someone you are not is easier than ever. Have you noticed the staggering numbers of Twitter followers that some trading vendors have? Most likely so. Considering how easy (not to mention cheap) it is to buy Twitter followers, I am more inclined to trust those who have only a moderate following because it is obvious that they definitely do not try to manipulate me by inflating these numbers. That's a contrarian in me thinking aloud.

Speaking of which, my own Twitter following is not very impressive, fluctuating around 330 (plus or minus 10 or so), but I can live with that. In fact, I like it this way as it sends a right signal to those who can think critically or, more precisely, in a contrarian manner. Very often people like that make good traders.

Check, however, my Twitter media section with almost 2000 screenshots featuring individual trade results and you will see where I truly excel. Let me embed one of the last such screenshots right below.

Yet, most people feel comfortable in the crowd.

This is not necessarily a bad thing, and rather natural too, because at times it can genuinely be helpful to be part of the crowd and use it as a shield. Too often, though, people extend this need for safety into situations where such safety is not needed at all. What this means is that they act from a position of fear, quite imaginary too. Manipulators know that and they use it to their advantage. The whole marketing industry owes its rather dubious reputation to constantly inventing (or reinventing) fear. If you still don't own something you are probably not good enough. You gotta have it! Just like all those other people. In situations like that, the crowd may not be on your side for it may used to seduce you into buying things you probably don't need.

I suggest that in choosing people to do business with you focus on the results these people can produce and on how long they have been able to stay in business. These two things are often related. For instance, my vendor business has been around for over 13 years now, and the results some of my trading products are able to generate (KING in particular) can be described as spectacularly good, though I will not claim that everyone can make equally good use of them (or it). That may not be possible, even in principle.

Still, your best bet in this business (and many others) is to go with something demonstrated to work rather than something offered by a guy trying to charm you as a second coming of Steve Jobs (or something).

Tuesday, March 05, 2019

Recent finance research for traders

It makes sense to check out some finance or economics research papers if you are a trader. Especially, the kind dedicated to quantitative finance, the kind you are practically obligated to follow if you are a quant.

There is a repository for this kind of things, a place where researchers in these fields deposit their preprints for all the other people to read if they fancy (as they say, chiefly in Britain) doing that.

It is called Arxiv and, like many things of any use at all, is an idea of some physicists, perhaps just one, Paul Ginsparg. Other things invented by physicists are too numerous to list, but the WWW and the Internet are definitely among them. Originally meant only for physics papers, it has grown to include mathematics, computer science, and other fields, including quantitative finance and economics.

If you are trader, you should find papers on financial bubbles and crashes of particular interest. Not so long ago, I posted a link to one of such papers in my Twitter feed.

You can find more of them in arxiv. Didier Sornette, one of the authors of the paper mentioned by me on Twitter, is particularly known for research in this area. You can find his papers on arxiv here.

While I have not written any research papers in the finance or economics related fields, you can find my papers in there too (in physics and mathematics sections), starting from 1995 with the last paper being about some bias in the distribution of primes that I mentioned first on this very blog.

Thursday, February 21, 2019

Yes, KING is available (again)

The interest in KING continues... Even though I am still travelling and so I am less active in my business than in the first part of 2018.

Because of that I thought I would make KING available once again. This time until the first day of spring, that is, in the next 30 days or so, you can get it again. Keep in mind that I may close this offer sooner, so don't wait too long. If you are interested in purchasing KING, feel free to contact me by email. Some have already done so this year.

Serious, committed prospective students, please. I don't like curiosity seekers very much and I even don't hide that. Still, in the past I would usually reply at least once when contacted by them. This time, I may not do so.

Please also read this recent post for what you should expect or how this is done. Also, do read as much as you can about KING, especially its FAQ.

I strongly believe in KING, but it's even more important that you believe in it too. Please check out this recent post to see what I mean by it. Self-confidence is of paramount importance. But then again, those most likely to succeed as traders usually don't lack it.

I will keep the price still at the same level as last December, but only till the end of February 2019. Then, it's $1300, still $100 off the regular price. When I am done with my extended travelling, it will back to $1400 or $1500.