Yeap! I got this quote from the book, “Endgame: Bobby Fischer’s Remarkable Rise and Fall- from America’s Brightest Prodigy to the Edge of Madness” by Frank Brady.
I’m still half-way thru the book but came upon this quote by Malcolm Gladwell. I’m amazed at the dedication Bobby and the top chess players spent on their chess games. Imagine if aspiring traders apply 10% of that kind of dedication; the reward will be tremendous.
Now, I’m more motivated to allocate more time to play chess, ooop! I meant to say- allocate more time to study and practice trading skills from my repertoire.
I’ve a feeling that this week is going to be a non-eventual week. Price action isn’t going to take to the moon or fall off the cliff; instead, it is going to dance around inside the red box below. Just my take of it, of course.
My equity position increased to 40% today and cash is 60%.
I found a 3D printer stock alternative called PRLB and it looked like it was bottoming out. Since DDD and SSYS were kind of on a high side; I figured I could play PRLB for a catch-up. Nevertheless, this is a super-high-beta stock and the volatility isn’t for everyone. No, I’m not advising anyone to buy.
I also bought back USU, USEG, LMLP and a few suggested by iBC members such as HDSN, RBCN. and THLD. Don’t worry, I’ll be applying my own trading style on these picks; but thanks in advance anyway.
Below is the daily SPY chart:
Categories: Trading philosophies and thoughts