Archive | February, 2013

The Best Way To Learn To Trade

25 Feb
Learn To Trade

Source: Rockwell Trading

Estimated Reading Time for “Learn To Trade”: 3 minutes

Have you ever tried to learn something, but couldn’t wrap your head around it? Maybe a language? Or a new skill?

Do you remember the times in school, or maybe even in college, when you just stared at your text book and just couldn’t understand what you were reading?

Perhaps you’ve already had this same experience when trying to learn to trade. You’ve read a book; watched videos; attended webinars and seminars; but you just don’t get it. Things aren’t sinking in and nothing makes sense!

If this has happened to you, then THIS blog post might help you. Here I will show you the fastest – and therefore probably best – way to learn to trade.

The fastest way to learn new material – whether it’s a method, a strategy, a skill or a habit – is to relate the new ideas to something you already KNOW.

Socrates said that “Learning is remembering.”

And Richard Saul Wurman says:

“Facts in themselves don’t solve the problem. Facts are only meaningful as they relate to a concept you can grasp … New ideas are not so much discovered as uncovered by moving from what you already understand into the realm of what you would like to understand.”

Source: Information Anxiety, by Richard Saul Wurman, 1989

Let me give you an example:

As you know, I moved from Germany to the U.S. in 2002, and one of my first tasks was to buy a house. It should have been no problem –after all, we do have houses in Germany. It’s basically the same process, right?

Wrong – in Germany, we measure in meters and kilometers. So, you can just imagine my confusion when my realtor started describing lot sizes in half-acre, an acre, two acres etc. What the heck? How big is an acre?

Thanks to Google and Wikipedia I quickly found out that an acre is 43,560 square feet. But that didn’t really help me. Now I knew the exact measurements, but I still couldn’t picture the exact size of “an acre” in my head. I had no frame of reference.

Then a friend of mine told me that an acre is about the size of an American football field without the end zones. And I finally got it! I understood how big an acre was, since I NOW had a frame of reference.

The same is true in trading.

In my last blog post I talked about the three areas of trading: Mind, Method and Management. It’s an abstract concept, but I related it to barbequing a brisket – something that you already know. By giving you a frame of reference it was easier for you to learn the concept of the three areas of trading.

And that’s my unique way of teaching.

If you ever attended any of my webinars or have watched the videos of The Ultimate Day Trading System to learn to trade, then you know that I frequently use references to things you already know when introducing new concepts. Some of these examples might sound goofy (e.g. when I talk about “walking over hot coals”, “how I lost 25 pounds” or “how to talk to beautiful girls”), but I promise that these references will all help you to learn to trade, since I always try to reference something that you already know.

Remember Socrates: “Learning is remembering.”

That’s it for today! In upcoming posts I will start to dig into the three areas of trading: Mind, Method and Management.

Source: Rockwell Trading

Google’s Chromebook Pixel Proves A Point

23 Feb

Disclosure: I am long INTC, MSFT. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (Ashraf Eassa)

I don’t expect Google’s (GOOG) Chromebook Pixel to sell particularly well. I’m of the camp that Microsoft’s (MSFT) OS and ecosystem are far too entrenched in the PC space for Google’s Chromebook line to really make a dent at the high end. Sure, the low end Chromebooks are selling like hotcakes; they’re cheap and “good enough” for what most people are probably buying them for (secondary systems), but paying $1,300 for a Chromebook that won’t run the wide variety of applications available on the Windows platform seems a little bit of a stretch. It’ll be a niche product that gets Google some spotlight, but until the Chrome OS is more firmly entrenched in the computing landscape (and the low end Chromebooks are the way to do this), a high end Chromebook is perhaps the right device at the very wrong time.

That being said, Google’s management has historically shown itself to be very capable of doing things the “right” way. In particular, the newly announced Chromebook Pixel does a lot of things just so right that the PC vendors keep getting wrong generation after generation that I’m almost sad that this new Chromebook likely won’t be a particularly big commercial hit. However, putting away my inner geek’s emotional state and putting on my industry observer cap, I want to just show everyone just why Google clearly “gets” it, but the majority of the Windows PC space doesn’t.

The Screen: It’s What Users Look At

The PC industry’s screen selection represents quite a sad state of affairs. Today, I can go buy a $499 Apple (AAPL) iPad 4 with a 2048×1536 display that will have a better display than any notebook PC on the planet. Heck, Google’s Nexus 10 tablet sports a pretty nice 2560×1600 display (although the quality of the Google display isn’t quite there with the Apple). But what about the typical PC? Or, let’s do one better — let’s look at the Intel (INTC) sanctioned Ultrabooks (which are supposed to bring back the excitement to the PC). A quick trip to gave me the following options for displays on Ultrabooks:

Do you see the problem? The majority of these devices sport a crap 1366×768 display with awful contrast, terrible brightness, and questionable colors. A few have solid screens like the Lenovo (LNVGY.PK) Yoga (but are stuck in 1600×900 land), and then fewer still have truly quality 1920×1080 screens. Oh, and nothing above 1920×1080.

So, why is it that I can buy tablets with better screens than what I can get on an Ultrabook? Well, a big part of it is that these notebooks sport much more RAM, storage space, and processing power than their tablet brethren, so less of the BOM costs can be allocated to the display. Further, the displays on notebooks are simply bigger, so the raw materials cost is likely much higher.

But see, that’s not my problem. By all means, offer lower end products at a lower price point; not everyone can afford to drop $2,000 on a top-notch, no-compromises notebook. The problem is that there is precisely zero ultra-high-end display representation in the Windows PC space. This blatant omission further fuels the perception that Windows PCs are “cheap” and for those who “can’t afford a Mac”.

Let’s Fix The PC, Guys

It’s time to fix the PC. Microsoft did a commendable job with its “Surface Pro”, as most reviews point out that it has a gorgeous, well-calibrated display (and for a 10.6″ device, 1920×1080 is plenty of pixels per inch), but there are a few nagging limitations that keep it from being a general purpose laptop replacement at this point. Lenovo’s doing a good job, too, with its “Yoga” and upcoming “Helix” lines, although I’m quite frankly surprised that the company hasn’t put out a super high resolution display laptop just for bragging rights. I would like to specifically praise Acer for releasing its “S7” line of laptops; they’re expensive, but for the limited time that I had to play with one, I couldn’t help but be blown away by the screen quality. The only problem is that it’s $1,600. Dang.

But really, the PC industry will start to grow again if the PC vendors get their acts together and start making compelling devices. Intel’s “Haswell” should enable some nice new form factors and significantly improve battery life (a big tablet advantage), but beyond that there needs to be a focus on build quality (ala Apple and apparently Google), as well as ease of usability (please stop cluttering the PC with useless pre-loaded applications).

I think the PC/hybrid categories can be truly exciting, but the OEMs need to put out devices that people truly want. Google’s got the right idea with the Chromebook Pixel, but the Chrome OS immediately strips the value proposition. Could someone in the Windows camp please get it right? Apple and Google have already illuminated the path, but the PC vendors need to be gutsy enough to walk it.

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