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The struggle: toward perfection

  My recent blog generated more concern and controversy in my inbox than anything I’ve done in recent memory. Most of the messages I received were extremely well-intentioned, but, at least in my opinion, also misguided. I think this points to some fundamental...

Use your failure

I’ve been thinking a lot about failure recently, and I wanted to share a few of those thoughts with you today. It’s a little glib to simply say “failure isn’t bad” and “don’t be afraid of failure.” Failure is no fun, and, in some pursuits (skydiving?) failure can have...

Trading Lessons from Knife Sharpening

A few nights ago I decided to sharpen my knives. As many of my readers know, I spent some time in a professional kitchen, and there was a time when I did this knife sharpening routine several times a week, and often every day. But now I cook casually at home… so this...

My biggest mistake

Mistakes are a part of trading. They’re a bad part of trading, and we generally do everything we can to reduce those errors. In fact, for developing traders at certain stages, the difference between profits and losses can simply be eliminating errors. Over the years,...