Attitude can either make or break you as a trader

One of the most important tools that a trader possesses is his or her mind. Attitude can either make or break you as a trader.

To become a successful trader, it begins with believing in yourself and having a winning attitude. Everyone wants to be a winner, at least they think so. Unfortunately, most are not willing to perform the tasks necessary to become a consistent winner.

Winners generally achieve success by being focused on a goal. Being focused allows winners to remain committed to the tasks at hand. Most winners perform a lot of hard work, including a willingness to deal with sometimes mundane duties. Most of all, winners perform with an “I am responsible for both my failures and successes” attitude.

So, where does the would-be trader start to become a success? By focusing on the tasks at hand. Most of all, treat trading as a business. And, as in any business, money management is critical.

Money management, next to trend, is probably the aspect of trading most overlooked by smaller investors. Man, by nature, is an optimistic creature and the amateur trader often acts instinctively. Unfortunately, this instinct or optimism is often the undoing of the smaller trader.

When a person enters a trade, he does so with the hope that it will be a winner. When the position goes against him, he keeps thinking (or hoping) "it will come back." He knows he should have a stop in place, but hope keeps telling him to stay just a little longer since everybody knows, "you always get stopped out the day the market turns." Eventually, hope turns into frustration, desperation and finally panic which prompts the trader to issue a GMO (get me out) order.

If the trader hasn’t learned his lesson by this point, he develops the "I have to get it back" syndrome. He generally rushes into another poorly planned trade, throwing good money after bad.

Winners show several different characteristics. They enter the market knowing they can be wrong and in fact are wrong as often as they are right. They have learned markets don’t run on hope. They understand markets tell them when they are right or wrong. When a trader is losing money and getting worse, the market is telling them to get out.

Bad Trades
A bad trade is like a dead fish: The longer you keep it, the worse it smells.

Good Trades
When a trade is making money, the market is telling them they are right and to let the position ride.

Don’t ever do this …
Winners don't add to, or "average," losing positions. They dump the trade and go looking for a new opportunity. Successful investors may add to the winning trades. When ahead, they press their advantage while remembering that at any time the market can turn on them and prove them wrong.

In trading, keep your mind clear and do not get emotional about a trade. Remember you are not married to a stock, consider it more of a dating game.

Avoid those dead fish.

Adam Hewison
Co-Creator, MarketClub

44 thoughts on “Attitude can either make or break you as a trader

  1. When you read HOW TO SURIVE THE MONY CRASH BY DOUG CLARK the book tells you nothing bur be religious. How these with Steven Covey make the economics or write on politics and economics surprise me THAT WAS NOW WE HAVE.... Recalling how he and his supporters had to “fight tooth and nail” to get the law passed by a slim margin in Congress, Obama said his administration should have anticipated that dynamic would create a “rockier rollout – that one side of Capitol Hill is invested in failure and that makes the iterative process of fixing glitches and fine-tuning the law” difficult. President Obama on Tuesday laid part of the blame for Obama care’s problem-riddled rollout on Republicans, saying, “One side of Capitol Hill was invested in failure.” Obama was speaking to an audience at the Wall Street Journal's annual CEO Council, and responding to a question about the lessons he and his team have learned over the last several weeks from the botched rollout of the Obamacare website. “We probably underestimated the complexities of building out a website that needed to work the way it should,” he said.

  2. For now, odds still favour the Affordable Care Act's survival. But after making it through the Supreme Court, a presidential election, numerous congressional repeal votes and a government shutdown, the law has yet to win broad acceptance. President Barack Obama's health care law risks coming unglued because of his administration's bungles and his own inflated promises. To avoid that fate, Obama needs breakthroughs on three fronts: the cancellations mess, technology troubles and a crisis in confidence among his own supporters. Working in his favour are pent-up demands for the program's benefits and an unlikely collaborator in the insurance industry. But even after Obama gets the enrolment website working, count on new controversies. On the horizon is the law's potential impact on job-based insurance. Its mandate that larger employers offer coverage will take effect in 2015.

  3. I do not get it ...China launched two fighter planes Friday to investigate flights by a dozen U.S. and Japanese reconnaissance and military planes in its newly established maritime air defense zone over the East China Sea, state media said. The state-run China News quoted Defense Ministry spokesman Col. Shen Jinke as saying the Chinese fighter jets identified and monitored the two U.S. and 10 Japanese aircraft during their flights through the zone early Friday, but made no mention of any further action.

  4. The thrift board work was only one in a series of troubled projects involving AMS at the federal level and in at least 12 states, according to government audit reports, interviews and press accounts. AMS-built computer systems sent Philadelphia school district paychecks to dead people, shipped military parts to the wrong places for the Defense Logistics Agency and made 380,000 programming errors for the Wisconsin revenue department, forcing counties to repay millions of dollars in incorrectly calculated sales taxes.

    Lawrence Stiffler, who was director of automated systems for the thrift board at the time and a 25-year veteran of IT contracting for the federal government, said AMS was highly unreliable. “You couldn’t count on them to deliver anything,’’ he said.

    In the years since the purchase, CGI has grown rapidly in the U.S., dramatically expanding its role as a federal and state contractor. Agencies that tapped CGI Federal often rehired the company and, in the past two years alone, the company has been awarded contracts with at least 25 federal agencies worth $2.3 billion.

    Earl Devaney, who chaired the board that oversaw President Obama’s economic stimulus program, praised CGI Federal’s 2009 work on a website that collected information about how recipients used the federal money. “The system worked when it was supposed to work,’’ Devaney said.

  5. When he was asked what sort of odds he put on a global recession happening, the economist famous for his ominous predictions quickly answered . . . “100 percent.”

    Faber points out that this bleak outlook stems directly from Federal Reserve Chairman Ben Bernanke’s policy decisions, and the continuous printing of new money, referred to as “quantitative easing” in the media.

    Faber’s pessimism is matched by well-respected economist and investor Peter Schiff, the CEO of Euro Pacific Capital. Schiff remarks that the stock market collapse we experienced in 2008 “wasn’t the real crash. The real crash is coming.”

  6. Government contracting experts said it’s not uncommon for IT vendors to run into software problems and cost overruns. But the experts added that the number of high-profile AMS projects that went awry before it was acquired, over such a relatively short period, was unusually high for a large and experienced company.

    “These should all have been red flags for contract officers,” said Daniel I. Gordon, who was in charge of government procurement policy earlier in the Obama administration and is now associate dean for government procurement studies at George Washington University Law School. Gordon was not involved in awarding the contract to CGI Federal.

    Administration officials have faulted CGI Federal’s performance on the health-care initiative. CMS administrator Marilyn Tavenner, for instance, told a congressional committee that the firm sometimes missed deadlines. The government also grew frustrated with CGI Federal because the firm said on repeated occasions that features of the exchange were ready when they were not, several officials have said.

    As the lead contractor for, CGI Federal was responsible for building the website for the health insurance exchange covering the 36 states that do not have their own exchanges. Fifty-four other contractors worked on various parts of the federal exchange.

  7. Ah....yes. That time of year again where Americans lose all sense of any rational behavior. A couple comments about this story. First, the title..."10 things black Friday won't tell you." Well, black Friday is not a person, so I wouldn't expect it to tell me anything. Now, moving on to address each of the 10 "things".
    1. I think everybody expects this. This should come as no suprise. Nothing new here. 2. Yes, sales will be weak indeed. This "recovering economy" is not nearly as healthy as the Fed and any other government agency would have you believe. Consumers will still be tight with their cash. 3. Retail has bastardized all major holidays. Thanksgiving is really no exception nor should anyone expect that it should be. 4. Don't worry, I will. 5. They always are. Yet, people still insist on being part of this nonsense every year. 6. Yes, there will always be the crazies out there. This makes for interesting 6:00 news. I look forward to this every year. 7. Imagine that, retail sabotaged itself? 8. Price match guarantees are just a marketing ploy and usually exclude the good stuff. 9. I stoped giving my email out years ago. Tired of having retail sell it and in return I get relentless spam email. Not a good way to treat customers. Oh, and I don't care about retail's need to expand their marketing, blah, blah, blah... 10. No I won't. But a lot of others probably will.

  8. he White House wants you, America, to decide which of two turkeys President Barack Obama crowns the “National Thanksgiving Turkey.” Both turkeys — named Caramel and Popcorn — are getting presidential pardons Wednesday morning, so online voters aren’t picking which bird dies and which bird lives. The reality is actually worse: Both Caramel and Popcorn will soon die regardless of the public’s vote Sadly for Caramel and Popcorn, turkeys destined for Thanksgiving tables just aren’t meant to enjoy long lives. Mealtime turkeys are bred to be about 20 pounds larger than their average wild brethren, making it difficult for them to move about or reproduce and causing other health complications if their dinnertime destiny is denied. Some turkeys blessed with a presidential pardon don’t even make it to their next Thanksgiving; others survive just a bit longer.

  9. Royal Bank of Scotland is, again, under the cosh. Indeed, two coshes: one, a report by the businessman and government adviser Lawrence Tomlinson, which claimed that it deliberately pushed viable businesses into default in order to take over their assets on the cheap; the other, from Sir Andrew Large, former deputy chairman of the Bank of England, which concluded that it was not lending enough to small and medium-sized businesses.
    The first of the two charges is extremely serious – about as bad as you get. As for the second, the bank has commissioned its own report on the failure to lend to smaller businesses from the lawyers Clifford Chance, and we will see what that says. But it is a common complaint, and the fact that lending to business as a whole has been falling ever since the 2008 crisis does support the argument that shortage of funding has been holding the recovery back.

    How have things come to this? It is a huge subject and all sorts of accusations get thrown around, so the first thing to be clear about is that this is not just an RBS issue. It happens to be our largest business bank, but if other banks were able and willing to step in, the business community would have options. In a properly functioning banking system, if RBS wanted its money back and the customer was indeed a viable proposition, there would be a competitor only too happy to take over.

    Nor is it a “casino banking” issue - the charge levelled at banks in general and their investment banking divisions in particular that they gamble with other people’s money. This is about the most basic failure in commercial banking: failure to support viable business customers. There is a case for separating commercial banking from investment banking, just as there is a case for keeping the two together, with the right capital backing for each – one of the issues the House of Lords is considering now. But that is not the problem here. So what is?

  10. Two decades of hypocritical fun fun fun - following the American Daffy Duck Media Marketing Strategy is so blase. Next get ready for showdown Berlusconi versus John Wayne in The Immortals. Italy has offered much innovation to the world and does not have to succumb to another round of McDonald's Haggis burger fundamentalism. Let's see more groundbreaking research and development invested into Italy's talented institutions. For one, Long Live University of Padua. Dissect, Sell and Nationalise Berlusconi's empire and erase their memory from today - it is all bought, paid and owned by the Italian people and they can repackage the businesses as they desire. Enjoy a Tutti Frutti Democratic Christmas.

  11. The first error is not theirs but the IT is too fast , 2 They were told the importance of the CV and how to write this well. 3 some went bizarre by the explosion of the youths who knew the IT and had the CHARISMA to do all well these was never with the oldies We ought not to say they lost as the wisdom is still to seek the elders and that is honesty

  12. The salacious revelations about the Reverend Paul Flowers have turned a corporate crisis into a farce. Just as the Co-operative Group has struck a deal to rescue its banking arm, with a little help from some hedge funds, this excruciating episode calls into question the future of the entire movement.

    What is striking is that all of the moves made by the Co-op in the past five years have been predicated on it being different from the mainstream. Its model of caring capitalism, putting customers first, was going to shake up the worlds of banking and retail, helped by gobbling up supermarket chain Somerfield and the Britannia Building Society.

    Its pitch was not just swallowed by the political establishment but blithely abetted by it too. Yet the Co-op doesn’t seem to have been that different at all, with board members abusing their positions, mis-selling scandals and balance sheet black holes.

    In fact, by maintaining the folksy, regional management structure that is supposed to keep it in touch with members, the Co-op seems to have completely dodged the new era of accountability that has swept Britain’s boardrooms. Replacing Len Wardle, the outgoing group chairman, with his deputy Ursula Lidbetter should sound alarm bells too. Instead of a break with the past, here is more of the same at the top of an organisation that desperately needs to change.

    Of course, the hapless Flowers was not the first bank chairman to be into drugs. Sir Tom McKillop took the chair at Royal Bank of Scotland having spent much of his career leading pharmaceuticals group AstraZeneca. But the financial crash put paid to too much experimentation in key roles. Banks need to be chaired by bankers, pure and simple. That Flowers was allowed to remain in post until June is an example of how ministers and regulators failed to spot numerous warning signs that this was a company without the boardroom strength to match its ambition.

  13. US Secretary of State John Kerry and foreign ministers of other major powers were converging Saturday to lend their weight to the Iran nuclear talks after envoys reported progress in marathon negotiations to curb the Iranian program in return for limited sanctions relief.

    After a third day of talks, State Department spokesperson Jen Psaki said late Friday that Kerry was heading to Geneva to "help narrow the differences" - just hours after Russian Foreign Minister Sergey Lavrov arrived.

    French Foreign Minister Laurent Fabius was the first to arrive Saturday, his plane landing before dawn as the talks neared a final, pivotal stage, telling reporters: "On the Iranian nuclear issue, I want a deal - but a solid deal - and I am here to work toward that end."

    British Foreign Secretary William Hague announced he would also travel to Geneva. The announcements followed a day in which diplomats appeared more and more optimistic that a deal could be struck.

    As talks adjourned, a diplomat said Iranian Foreign Minister and top European Union diplomat Catherine Ashton had made progress on a key sticking point - Iran's claim to a right to produce nuclear fuel through uranium enrichment.

  14. ARE WE IN 50s "A nuclear deal struck between Iran and world powers in Geneva was "bad" as Tehran had obtained "what it wanted", Israeli Prime Minister Benjamin Netanyahu's office said Sunday.
    "This is a bad agreement that gives Iran what it wanted: the partial lifting of sanctions while maintaining an essential part of its nuclear programme," said a statement published a few hours after the historic accord was signed in the Swiss city.
    "The agreement allows Iran to continue to enrich uranium, leaves the centrifuges in place and allows it to produce fissile material for a nuclear weapon," it added.
    "The accord did not lead to the dismantling of the Arak plant", the heavy water reactor being built 240 kilometres (150 miles) southwest of Tehran.
    "Economic pressure on Iran could have produced a much better agreement that would have led to a dismantling of Iran's nuclear capacities," the statement said.?"

  15. “Goldman Sachs did not suffer a loss in our currencies business in the third quarter of 2013. Per our third quarter form 10-Q, the gains/(losses) in the table on page 14 are not representative of the manner in which the firm manages its business activities because many of the firm’s market-making and client facilitation strategies utilize financial instruments across various product types. Accordingly, gains or losses in one product type frequently offset gains or losses in other product types. For example, a significant portion of the firm’s cash instruments and derivatives has exposure to foreign currencies and may be economically hedged with foreign currency contracts”. FROM THE NET

  16. The new chief executive of Royal Bank of Scotland has said significant changes will be made to the business, in a speech hinting at a move away from branch banking.
    Transactions at RBS branches are down almost 30% since 2010 and the bank needs to offer "smarter solutions" for its customers, Ross McEwan said.
    In one of his first speeches in the role, Mr McEwan said RBS has to confront "seismic shifts" in banking.
    The use of mobile apps and "self-service centres" can increasingly meet the needs of customers, he said in an address to delegates at a business conference at the Scottish Parliament.
    A review of the entire RBS business is under way and fundamental changes have to be made, including embracing new technology and modernising customer service, he said.
    The bank expects to have three million customers using its mobile banking app by the end of the year, Mr McEwan said.
    "At the same time, we are seeing less and less activity in our branches. Since 2010, branch transactions are down almost 30%. The world is changing dramatically and as we consider the radical change we have to make, we need to prepare for a future based on being there for customers on their terms and not on our terms."
    RBS will spend £30 million on "new-generation cash machines", offering a broader range of everyday banking facilities where and when customers want them, he said.
    The bank should also look at putting 24-hour self-service centres in places such as Waverley railway station in Edinburgh, he said.
    "These machines can address the vast majority of the day-to-day banking needs of customers. Then instead of answering balance inquiries at a branch, branches should be the places where people go because they need advice, they need a mortgage, they need actual help with their financial position."

  17. I have no idea what our old generation would call us. I am a Scot, you are English, I am Irish, I am a Northern you know Detroit, I am cowboy from Texas, in spite of one wall that was broken EAST AND WEST, I have yet to hear German say I am from West and you are from East. This making of the global village is too complicated and dividing us, but who cares. All want like Romney says, "Who Cares about the Poor? Romney's newest gaffe isn't just another blunder. It's the beginning of a race over who is most out of touch." As the U.S. government spends an unprecedented amount of money to fix the economy, there is an equally great need to raise the cash to pay for it. This is accomplished through borrowing, whereby Uncle Sam sells Treasury securities of varying maturity. For investors, government bills, notes and bonds are considered safe because they have a guaranteed rate of return, based on faith in future U.S. tax revenues. The government has been partially funding operations via Treasury securities for decades. This borrowing adds to the national debt, which has recently surpassed $15 trillion and is rising every second. The amount of debt is quickly approaching the federal debt ceiling, a legal limit to borrowing that currently stands at $16.4 trillion. Much of that debt is held by private sector, but about 40 percent is held by public entities, including parts of the government. Here's who owns the most. Foreign countries listed include private and public investors, according to monthly U.S. Treasury data. With this we have UN, and other NGOs asking for the assistance for the poor countries. But who comes out? Few single like Bill gates, Clinton Foundations, and others. So where is the cash going? Of course all know that we are cashless as the wars looms on and there is no stopping this as one blames the other. Now my question is, where will the poor stay? They will be the hard core futures. Too much income inequality happens when only the rich can afford political representation. Today, it is so expensive to attain national office that all politicians are bought before they reach Washington. Therefore, the U.S. government is left with professional election winners, not leaders. Our democracy, or our representative republic, has broken down because, when push comes to shove, our "leaders" will do what their bosses (the rich entities that got them elected and keep them in office-whether it be corporations, wealthy individuals, unions, PACs backed by other moneyed interests) tell them to do. They will not listen to you, unless you are a politically active member of the 1% or .1% and have the ability to get them thrown out of office. Our attitude toward life determines life's attitude towards us. ~ Earl Nightingale (1921-1981) I thank you Firozali A.Mulla DBA (WITHOUT MALICE)

  18. OIL OIL OIL THE BLACK GOLD Brent oil futures inched above $108 a barrel on Thursday as the market waited for further indications on whether a preliminary deal between world powers and Iran over Tehran's nuclear programme could be reached this week.

    Brent crude rose 18 cents to $108.24 a barrel by 1237 GMT, after gaining the most in a week and ending up $1.14 on Wednesday. U.S. oil was up by 23 cents at $94.08 a barrel, after settling 4 cents lower.

    In Geneva, major powers resumed talks on Wednesday with Iran over its nuclear programme. The United States warned it would be "very hard" to clinch a breakthrough deal, policymakers have said an interim accord on confidence-building steps could finally be within reach.

    "Coming towards the end of the year, there are two tapering that people are watching - the tapering of Fed bond purchases and Iranian sanctions," Olivier Jakob at Petromatrix consultancy in Switzerland said. Both would depress prices.

  19. A rival GOP bill, scheduled to be voted on Friday, sponsored by Rep. Fred Upton (R-MI) would allow insurance companies to indefinitely continue to offer the types of policies they recently canceled. Unlike the Senate bill, this measure would allow plans to be available to new enrollees as well as to current ones. The White House says the measure severely undercuts new coverage standards required under the new law. White House Press Secretary Jay Carney likened it to “throwing the baby out with the bathwater.”

    The measure could also raise the price of marketplace premiums for coverage in 2015 and beyond, according to a recent analysis by the liberal Center on Budget and Policy Priorities, since it would encourage healthier people to remain in individual market plans outside the new insurance exchanges. Consequently, those people who enroll in Obamacare-style plans would be sicker and older, on average, than under current law.

    “The higher premiums would, in turn, threaten the long-term viability of the marketplaces, potentially placing coverage at risk for millions of uninsured people who stand to gain coverage under the Affordable Care Act (ACA),” according to the CBPP analysis.

    On MSNBC’s Morning Joe Thursday, economic news analyst Steve Rattner reminded everyone that Obamacare was a complicated plan with many moving parts. He said if you one string you risk unraveling the entire thing.

  20. We are drawn to those who echo what it is we already believe. We get a dopamine rush when we are presented with confirming data similar to what we get when we eat chocolate or fall in love. On Facebook we defriend those with different political views to our own. On Twitter we follow people just like us.
    Yet a vast body of research now points to the import of contemplating diverse, dissenting views. Not just in terms of making us more rounded individuals but in terms of making us smarter decision-makers.
    Dissent, it turns out, has a significant value.
    When group members are actively encouraged to openly express divergent opinions they not only share more information, they consider it more systematically and in a more balanced and less biased way. When people engage with those with different opinions and views from their own they become much more capable of properly interrogating critical assumptions and identifying creative alternatives. Studies comparing the problem-solving abilities of groups in which dissenting views are voiced with groups in which they are not find that dissent tends to be a better precondition for reaching the right solution than consensus.
    Yet how many leaders actively seek out and encourage views alien and at odds to their own?
    All too few.
    President Lyndon Johnson notoriously discouraged dissent, with many historians now believing that this played a significant role in the decision to escalate U.S. military operations in Vietnam. Excessive group-think is now recognized to have underpinned President Kennedy's disastrous authorization of a CIA-backed landing at Cuba's Bay of Pigs. Former employees of the now defunct Lehman Brothers have talked about how voicing dissent there was considered a career-breaker. Yale economics professor Robert Shiller explained that when it came to warning about the bubbles he believed were developing in the stock and housing markets just before the financial crisis he did so only "quietly" because: "Deviating too far from consensus leaves one feeling potentially ostracized from the group with the risk that one may be terminated."

  21. She is the little girl riding her pony Macaroni around the White House lawn, the big sister hiding under the president's desk with her little brother John. And in a heartbreaking childhood photo, she is the white-gloved daughter kneeling with her mother at the coffin of her slain father, John F Kennedy.

    Flash forward 50 years and here is Caroline Kennedy again: author, lawyer and mother of three, tending to the Kennedy flame as her family's sole survivor. And, finally, after decades protecting her privacy, she's stepping into a more public role as US ambassador to Japan, arriving there Friday to take up her position as US ambassador

    Kennedy, 55, was five days short of her sixth birthday when John F Kennedy was assassinated on November 22, 1963.

    The family's nanny gently informed Caroline that her father had been shot "and they couldn't make him better."

    With that, Caroline's world was shaken, not for the first time or the last.

    Three months earlier, a little brother, Patrick, had died shortly after birth. Then Robert F Kennedy, the uncle who stepped in to serve as a sort of surrogate father after JFK's assassination, was himself shot and killed five years later. After losing her mother to cancer in 1994, Caroline lost her brother John in a 1999 plane crash at age 38.

  22. Each time a run of stronger US data prompts speculation that Fed “tapering” is imminent, the pressure on emerging markets ratchets up – as it has this month, sending the more fragile currencies tumbling against the dollar.
    Emerging markets suffered a bout of fevered selling in the summer, as investors absorbed the import of the US Federal Reserve’s plans to start scaling back its vast stimulus programme. Now, their malaise is starting to look more like persistent winter flu. Say that is something tat can be fought

  23. China will relax its one-child policy,state media said on Friday, in a major policy shift announced days after the conclusion of a meeting of top Communist Party leaders.

    The change to the family planning law will let couples have two children if one of them is an only child, state news agency Xinhua reported, citing a "key decision" made by leaders at this week's gathering, known as the Third Plenum.

  24. FROM THE NET "A recent report shows the United States has dropped dramatically in terms of economic freedom over the past decade, according to the 2013 Economic Freedom of the World report.

    The Fraser Institute's ranking of 152 countries puts the United States at number 17 in economic freedom. In 2000, America stood at No. 2.

    "I think I would view the report as a kind of canary in the coal mine," Joshua Hall, a West Virginia University economics professor and one of the report's authors, said.

    "These are warning signs that we're becoming over-regulated, we're spending too much, we're racking up too much debt," he explained. "We need to understand that our current economic prosperity was dependent in large part on the government sticking to its core functions." I thank you FirozaliA.Mulla DBA

  25. ALL modern Presidents become foreign policy power trippers because the Constitution constrains Presidential action in domestic affairs. If a President wants to leave his mark on something (and they all do) it tends to be external to the USA because the powers granted to Congress by the Constitution frequently lead to deadlock and inaction. Modern Presidents disguise what they are doing in high sounding phrases like "defending freedom" or "keeping intact the powers of the Presidency", but what they are really doing is marking their territory, much like a male dog marks his territory. Government power has increased at an alarming rate in America in the past 100 years. In 1913, neither the federal nor any state government required that anyone walking down the street had any form of identification, and most people didn't have any ID. Neither the US government nor any state government spied on anyone, US citizen or foreigner. No licenses were required for guns, dogs, cats, etc. In some places, there was still free land (due to the Homestead Act) on which it was possible to eke out a living without any government help or hindrance. There was no federal income tax. Of course many things were worse in 1913 than they are today. Women and people of color have far more rights that are respected today than in most places in 1913. Foods and drugs are far less contaminated today than they were in 1913. We have better medicine and more humane laws. There is more regulation of environmental issues today. Even so, probably no white man in the middle class or above in America in 1913 would trade places with his counterpart in 2013 because we are so much less free than the prosperous white males of 1913. I thank you FirozaliA.Mulla DBA

  26. WE HAVE IT WE HAVE IT NOT The International Monetary Fund welcomed Thursday's interest rate cut by the European Central Bank, saying it was justified to shore up growth in the fragile eurozone.

    "The decision is fully warranted by the weak inflation dynamics and substantial slack in the economy," said IMF spokesman Gerry Rice. I thank you Firozali A.Mulla DBA

  27. European stock markets fell on Tuesday and the euro retreated against the dollar as dealers reacted to company earnings updates and downward revisions of eurozone growth and unemployment.

    The euro saw further selling pressure as investors bet that the European Central Bank (ECB) would cut interest rates on Thursday following soft eurozone inflation data last week.

  28. Do you think the people are blind and deaf and not paying attention? If someone as nonpolitical as I am see that Republicans have done everything they could think of to make this president look ineffectual, to the point that they were OBVIOUS--well, it's the Repuglicans, by group and individually, who've lost my respect. The way John Boehner suddenly just wanted to negotiate, during the shutdown? That was funny, him trying to make himself appear to be the reasonable one after all the stonewalling he and the rest of them did. I will never forget what they did to the people of America, what they risked (and squandered in terms of economy and security). I hope this finishes this version of the Republican party. And that it takes years and years to build a new Republican party.

  29. Obama lied and people will die. He lied, he lied, he lied. Over and over and over again. Any sycophant who still worships this false idol is suffering from battered spouse syndrome.
    Read the news folks - tens, maybe hundreds of thousands of desperately ill people are losing thrir affordable health insurance. It is going to be ten times worse next year when the rules kick in for employer provided plans.

  30. Obama stood up to the Tea partiers on the shutdown and the debt ceiling, this is part of the reason for his fall in popularity, but, popular or not it had to be done. people didn't like the shutdown and blamed all politicians, but standing firm against the hard right was a great victory for Obama and the left, our Democratic principles were at stake. A majority of the right in the House voted not to increase the debt ceiling, showing that they were willing to send us into a reccession out of spite, also showing that they are unfit to govern.
    Obama has also taken a hit because of the website problems, but, again, Obamacare, while imperfect, represents the most signifigant attempt in years to give those on the bottom rung of societies ladder a leg up, affordable insurance for those without it is a major achievement.
    Ms Rubin is right that the right may have succeeded in sabotaging the success of Obamacare in the red states, Democrats are committed to going forward, there may be nothing for it but to allow the right to go back to what we had before while the blue states move forward. The right refused the government medicaid spending that would have helped millions of poor people and would have helped keep premiums down for everyone else on the exchange. If this happens the right should beware what they wish for, they will get a return to a system that didn't work for many people, the left will move forward, in the blue states towards a first world healthcare system, the comparison between the first world and the red state third world system will prove deadly for the right's electoral chances.

  31. Co-operative Bank today said it could take four to five years to turn around the battered lender and return it to growth, as it unveiled details of the rescue plan which will see it 70% owned by hedge funds.

    It also said that it will close around 50 branches and that many jobs would go, with up to 1,000 reported to be at risk.

    Co-op Group chief executive Euan Sutherland, pictured, said: “This is the first bail-in of a bank in the UK. We have enshrined values and ethics into the new rules which govern the bank. That bank may have lost its way, but now it’s back to the future.”

    Niall Booker, chief executive of the bank which was ordered by the regulator to find £1.5 billion of extra capital, said: “It will take four to five years to turn the business around, but that’s what it took at Lloyds – and RBS is still not really there. This is a small bank which has been very troubled, but we are doing this without any government money. We do have to cut costs and that will mean jobs but I am not revealing how many until I have told staff.”

    Under the refinancing plan Co-op Group will inject £462 million of extra capital into the bank and end up with a 30% stake. The six hedge funds, under the name LT2, which blocked the original rescue plan will now inject £125 million of fresh capital and end up, with other institutional bondholders, owning 70% of the bank. I thank you Firozali A.Mulla DBA

  32. IF SAC the problem where does one go? Steven A. Cohen faces an abrupt end to his career as one of the world's most successful traders after his SAC Capital Advisors became the largest Wall Street firm in years to agree to plead guilty to criminal charges of insider trading, and pay $1.2 billion in fines.

    But Cohen, a multi-billionaire and renowned modern art collector, has not been personally charged with any crime and will likely continue managing some $9 billion of his own money through a lightly regulated family office once the hedge fund's plea deal is approved by the courts.I thank you Firozali A.Mulla DBA

  33. Loic,

    What a wonderful surprise to hear from you. I hope life and the markets are treating you well. My wife and I still talk about the wonderful dinner that we shared together in Marseille when we were visiting France.

    Are you still living in Canada?

    Stay in touch.

    All the best to you and the family,


    Adam Hewison
    Co-Founder of

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