Yia sas filoi,
I’m sitting in the balcony as I type these words and I can’t believe I’m writing the second issue of my newsletter right on time! Consistency isn’t one of my strengths, so I am pleasantly surprised.
Knowing one’s strengths and weaknesses is paramount to one’s success.
I’m also surprised by how many of you subscribed to my letters on such a short notice. I am so grateful, as writing these lines is once again meaningful, compared to the first issue, when I knew I would be the only one receiving the letter! So, a big, big thank you from the bottom of my heart. I’ll do my best not to waste your time.
Having said that, this week I tried trading again. More precisely, scalping. You probably know that I was scalping betting odds fifteen years ago quite profitably
This time I tried it on the NASDAQ futures, but quickly quit the idea. If you are dreaming of a life where you are clicking buttons for a living, this must be one of the most stressful JOBS. And I use caps because it feels like a job. Thus I moved on. At the letter’s ending, you’ll find a Twitter thread where I shared more info.
Also, having heard of last year’s hype about commission-free trading, I expected a leveled field more or so. Turns out commission still
wins in the futures market. Go watch the 1983 movie, Trading Places
People keep sending me their betting strategies, hoping to receive feedback. They usually look for confirmation that they are on their way to financial freedom.
My reply is always the same. You yourself know if you can beat the game. You yourself know how much disciplined and honest you are when analyzing your system. And the game is simple. Whatever your strategy, plot a graph after 1,000 or 5,000 bets. That’s the whole picture, no matter what I say. Who am I doubt a betting strategy that wins after 5,000 wagers?
On the internet side of things, I always enjoy reading thoughts of like-minded people. But I enjoy it even more when people make summaries of these thoughts. I recently came across Matthew Kobach, Head of the New York Stock Exchange Social Media, and here is a summary of his best thoughts
I liked these ones:
- You don’t need more time (you need more focused time)
- You’re either doing one thing fully (or you’re doing multiple things partially)
- If you don’t know what you should be working on, everything is a distraction
And if you need a little motivation on how to start making a living online, here’s a push
I do use Twitter
a lot this year. In fact, I have nearly ditched Facebook but I’m still stuck with Instagram despite my non-existent account growth. Just today I did a story there where I documented my drive through the city and I truly enjoyed it. Click on my big face
and it’ll take you right into it. These stories last for 24 hours, so I find them unique in sharing authentic, true-to-life, unpolished images of my whereabouts.
Twitter has been my favorite place to hear of coronavirus news and keep up with well-researched studies of the outbreak. They were so good, that I very often found myself a lot better informed, compared to people watching the TV news. This distilled info helped me stay sane, productive and make better predictions of how our everyday life changed till now and beyond.
My blog is also experiencing a lot of activity lately, as I resumed writing after a very long time. Having a website is a no-brainer when you are doing business online, but this week I discovered it can help me fight depression. And boy, what a lucrative industry
Well, that’s all from me for now. Enjoy your weekend, and once again, thank you for reading my letter. I’m still finding my ways around this, so I’m sure there’s only one way to go from here: up!