The Traders Journal

March 2014

The Traders Journal

The Paralysis of Perfection: The Investor's Ongoing Challenge

by Gatis Roze

The brilliant novelist Isabel Allende once wrote, “Fear is inevitable, I have to accept that, but I cannot allow it to paralyze me.”  Similarly, far too many investors are reluctant to trade because they believe every puzzle piece of their complex methodology must be in place before they can act.  They are frozen into inaction by the misguided need to do it perfectly right or else not do it at all.   While this is commendable in many vocations, what they fail to acknowledge is that this is virtually unachievable in the investment arena. Read More 

The Traders Journal

How Life Hacking Applies To Us As Individual Investors

by Gatis Roze

Life hacking was a term first tossed around by computer programmers in the ‘80s as the label they used trying to get things done better and faster.  These days, it has a wider definition incorporating improved productivity and personal enrichment.  Wikipedia defines it this way:  “Life hacking refers to any productivity trick, shortcut, skills or novelty method to increase productivity and efficiency, in all walks of life; in other words, anything that solves an everyday problem of a person in a clever or non-obvious way.” I began asking myself how we as Read More 

The Traders Journal

Mr. Market Wizard: Jack Schwager Speaks Part II

by Gatis Roze

President Harry Truman once said “We must have strong minds, ready to accept facts as they are.”   He must have been addressing a convention of individual investors.  Let me pick-up this week where I left off last week.  If you missed last week’s blog, I suggest you visit that Part I blog to get a better foundational understanding of this week’s Part II. http://blogs.stockcharts.com/journal/2014/03/mr-market-wizard-jack-schwager-speaks-part-i.html Read More 

The Traders Journal

Mr. Market Wizard: Jack Schwager Speaks Part I

by Gatis Roze

A quick survey of the Amazon website lists over a dozen books written by Jack Schwager, but that is not what impresses me the most.  What I find worthy for some sort of listing in the Guiness Book of World Records is that in writing these volumes, he has gained access to the very secretive circle of world-class traders and gotten them to open up to him.  Jack Schwager is an interviewer extraordinaire and a trader himself.  As such, he’s managed to get into the minds of the most exceptionally profitable investors in the world, and he’s asked the questions we professional Read More