Category Archives: Books

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“You heal a fear much like you heal a cut on your hand. If you ignore a cut on your hand, it will get infected. But it will heal itself if you pay attention to it and give it time. Same with a fear. First, recognize its existence—what kind of fear is it? Is it fear of poverty, of loneliness, of rejection? Then use common sense. Don’t let the fear get infected. Often we burn 70 percent of our emotional energy on what we fear might happen (90 percent of which won’t happen). By devoting our energy to our other emotions, we will heal naturally.”

— What Should I Do with My Life?: The True Story of People Who Answered the Ultimate Question by Po Bronson
https://a.co/fO8jPuZ

“Have you ever been to a workshop? These boondoggles are colleges of Resistance. They ought to give out Ph.D.’ s in Resistance. What better way of avoiding work than going to a workshop?”

— The War of Art by Steven Pressfield
https://a.co/eKEhKxr

“What counted was that I had, after years of running from it, actually sat down and done my work.”

— The War of Art by Steven Pressfield
https://a.co/2B7g1wt

“Have you seen interviews with the young John Lennon or Bob Dylan, when the reporter tries to ask about their personal selves? The boys deflect these queries with withering sarcasm. Why? Because Lennon and Dylan know that the part of them that writes the songs is not “them,” not the personal self that is of such surpassing fascination to their boneheaded interrogators.”

— The War of Art by Steven Pressfield
https://a.co/fu2fJWl

“Resistance is directly proportional to love. If you’re feeling massive Resistance, the good news is, it means there’s tremendous love there too. If you didn’t love the project that is terrifying you, you wouldn’t feel anything. The opposite of love isn’t hate; it’s indifference.”

— The War of Art by Steven Pressfield
https://a.co/3njGgvi

“Have you ever watched Inside the Actors Studio? The host, James Lipton, invariably asks his guests, “What factors make you decide to take a particular role?” The actor always answers: “Because I’m afraid of it.””

— The War of Art by Steven Pressfield
https://a.co/byFeRJx

“Remember our rule of thumb: The more scared we are of a work or calling, the more sure we can be that we have to do it.”

— The War of Art by Steven Pressfield
https://a.co/exNQ1hO

I thought of you when I read this quote from “Aleph” by Paulo Coelho, Margaret Jull Costa – “I skim an article about Chinese bamboo. Apparently, once the seed has been sown, you see nothing for about five years, apart from a tiny shoot. All the growth takes place underground, where a complex root system reaching upward and outward is being established. Then, at the end of the fifth year, the bamboo suddenly shoots up to a height of twenty-five meters.” Start reading this book for free: https://a.co/e1Rt3xo

“Heaven and Earth are meeting in a storm that, when it’s over, will leave the air purer and the fields fertile, but before that happens, houses will be destroyed, centuries-old trees will topple, paradises will be flooded.”

— Aleph by Paulo Coelho
https://a.co/cfOu5ja

“In theory, every loss is for our own good; in practice, though, that is when we question the existence of God and ask ourselves: What did I do to deserve this?”

— Aleph by Paulo Coelho
https://a.co/3QIKOez

“When a sense of dissatisfaction persists, that means it was placed there by God for one reason only: you need to change everything and move forward.”

— Aleph by Paulo Coelho
https://a.co/0J87Lcb

“Life is the train, not the station. And what you’re doing now isn’t traveling, it’s just changing countries, which is completely different.””

— Aleph by Paulo Coelho
https://a.co/5dU1W6Q

“Travel is never a matter of money but of courage. I spent a large part of my youth traveling the world as a hippie, and what money did I have then? None. I barely had enough to pay for my fare, but I still consider those to have been the best years of my youth: eating badly, sleeping in train stations, unable to communicate because I didn’t know the language, being forced to depend on others just for somewhere to spend the night.”

— Aleph by Paulo Coelho
https://a.co/2taydsz

““You’re not here anymore. You’ve got to leave in order to return to the present.””

— Aleph by Paulo Coelho
https://a.co/6FWXQN3

““There’s no point sitting here, using words that mean nothing. Go and experiment. It’s time you got out of here. Go and re-conquer your kingdom, which has grown corrupted by routine. Stop repeating the same lesson, because you won’t learn anything new that way.””

— Aleph by Paulo Coelho
https://a.co/6b8GNXf

“In India, they use the word ‘karma,’ for lack of any better term. But it’s a concept that’s rarely given a proper explanation. It isn’t what you did in the past that will affect the present. It’s what you do in the present that will redeem the past and thereby change the future.””

— Aleph by Paulo Coelho
https://a.co/0hVgS5H

““That’s because, like everyone else on the planet, you believed that time would teach you to grow closer to God. But time doesn’t teach; it merely brings us a sense of weariness and of growing older.””

— Aleph by Paulo Coelho
https://a.co/7nDBUdS

““I’m filled with doubt, especially about my faith,” I say. “Good. It’s doubt that drives a man onward.””

— Aleph by Paulo Coelho
https://a.co/6r1XVVl

“My search for wisdom, peace of mind, and an awareness of realities visible and invisible has become routine and pointless.”

— Aleph by Paulo Coelho
https://a.co/hT3kZXY

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I thought of you when I read this quote from “How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology” by Andrew Aziz – “The first category consists of low float stocks that are priced under $10. These stocks are extremely volatile, moving 10%, 20%, 100% or even 1,000% each day.” Start reading this book for free: https://a.co/flbloS8

“Float means the number of shares available for trading. Apple Inc., for example, as of July 2016, had 5.3 billion shares in the”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/im2qFs7

“Rule 7: Retail traders trade only Stocks in Play, high relative volume stocks that have fundamental catalysts and are being traded regardless of the overall market.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/hDEhNoZ

“If you examine the work of most successful traders, they all take many small losses. Their results are littered with numerous small losses of 7c (cents), 5c, 3c, and even 1c per share. Most good day traders have few losses that are more than 30c per share. Most winning trades should work for you right away.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/apYRpJL

“There have been times when I’ve been in the trade, had an $ 80,000 position, and all I needed to do was to sell. But as I was looking at my keyboard, I found myself frozen like the proverbial deer in the headlights. I couldn’t even figure out which keys to punch. This sort of paralysis is not unusual when you’re overwhelmed.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/6jUCqga

“Keep a daily record of both your trading results and your physical condition and you will see these relationships for yourself. Begin preventive maintenance by keeping your body, and thus your mind,”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/fWQODmM

“One of the key contributors to traders’ self-discipline is their physical and mental health. People who eat well-balanced nutritional meals, exercise regularly, maintain proper body weight and fitness levels, and get adequate rest are likely to have the levels of energy and alertness that are required to make them effective traders.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/8ddPx9I

“You should never risk more than 2% of your account on any given trade.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/eKFLbmX

“I am holding around $ 25,000 in my trading account and I usually choose 800 shares to trade. My daily goal is $ 500 or $ 120,000/ year. That is sufficient for my lifestyle. What is your trading goal?”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/2ZfSrKe

I thought of you when I read this quote from “How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology” by Andrew Aziz – “Rule 5: Success in day trading comes from risk management – finding low-risk entries with a high potential reward. The minimum win:lose ratio for me is 2:1.” Start reading this book for free: https://a.co/9Xee8Ge

“One of my favorite trading expressions is “live to play another day”. This simple saying says so much about the mindset of a professional trader. If you survive the learning curve, then the good times will come and you can become a consistently profitable trader.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/2uuvrPW

“From when the market opens at 9: 30 a.m. until around 11: 30 a.m. New York time, is when the market will have the most trading volume and also the most volatility. This is the best time to trade and to especially focus on momentum trading”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/79m0OoM

“The majority of day traders don’t trade penny stocks or on the over-the-counter (OTC) market. Penny stocks are extremely manipulated and they do not follow any of the rules of the standard strategies. We trade real stocks. Sometimes we may be trading Facebook (ticker: FB) and sometimes we may be trading Apple (ticker: AAPL), but we will always be trading the stocks that are having a big day.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/fJpfgE8

“The stocks that are gapping significantly up or down are going to be the stocks that retail traders are watching.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/7nePQix

“You just want to ensure you are trading stocks that are moving because they have a fundamental reason to move and are not just moving with the overall market conditions: Stocks in Play.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/6mZch8o

“Of the various HFT programs that are currently operating, one of the least effective is the so-called “Buy the New Low” program. When a stock reaches a new intraday low, many day traders will go short to ride the downside momentum. This program then begins to buy the shorts from those day traders to push the price higher. This causes day traders to panic and to cover their shorts. Because the organizations behind HFT programs have almost limitless buying power, the plan sounds flawless. The plan quickly breaks down, however, when another large institutional seller is behind the trade and decides to dump their large positions.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/dhNBlhx

“It is extremely important to stay away from stocks that are being heavily traded by institutional traders. As an individual retail day trader, you must stick to your retail trading territory.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/ip43QAP

“As a retail day trader, you profit from volatility in the market. If the markets are flat, you are not going to make any money; only high frequency traders make money under these circumstances. Therefore, you need to find stocks that will make quick moves to the upside or to the downside in a relatively predictable manner.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/3lxbH0E

“But if you short sell that company at $ 5 and then the price, instead of going down, starts going higher and higher, then there won’t be any limit to your loss. The price may go to $ 10, $ 20, or $ 100, and still there will be no limit to your loss. Your broker wants those shares back. Not only can you lose all of the money in your account, but your broker can also sue you for more money if you do not have sufficient funds to cover your shorts.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/67NJwwm

“Day traders can borrow shares from their broker and sell them, hoping that the price will go lower and that they can then buy those shares back at a lower price and make a profit. This is called selling short, or simply short.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/0Piolok

“Many traders, including myself, do both day trading and swing trading. We are aware that we are running two different businesses,”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/aAFg4uw

“overall, in my opinion, the most common reason that people fail in day trading is that they do not regard it as a serious business. They instead treat it as a form of gambling that will quickly and easily make them rich.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/2JoAPYJ

“In my opinion, the most important lesson that you can learn from reading this book is that you will not get rich quickly by day trading.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
https://a.co/fmI1u8k

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“The things we really want to do are usually the ones that scare us the most. The things you’ll not feel conflicted about are the choices that leave no one hurt.”

— What Should I Do with My Life?: The True Story of People Who Answered the Ultimate Question by Po Bronson
https://a.co/izynNz8

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“Which books came up the most? Here are the top 17—everything with 3 or more mentions—in descending order of frequency:

Tao Te Ching by Lao Tzu (5 mentions)
Atlas Shrugged by Ayn Rand (4)
Sapiens by Yuval Noah Harari (4)
Siddhartha by Hermann Hesse (4)
The 4-Hour Workweek by Tim Ferriss (4)
The Checklist Manifesto by Atul Gawande (4)
Dune by Frank Herbert (3)
Influence by Robert Cialdini (3)
Stumbling on Happiness by Daniel Gilbert (3)
Superintelligence by Nick Bostrom (3)
Surely You’re Joking, Mr. Feynman! by Richard P. Feynman (3)
The 4-Hour Body by Tim Ferriss (3)
The Bible (3)
The Hard Thing About Hard Things by Ben Horowitz (3)
The War of Art by Steven Pressfield (3)
Watchmen by Alan Moore (3)
Zero to One by Peter Thiel with Blake Masters (3)”

— Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers by Timothy Ferriss
https://a.co/2h5LRTr

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“For would-be entrepreneurs (he calls them “wantrapreneurs”), or entrepreneurs who’ve grown a little too comfortable, Noah has a recommendation—ask for 10% off of your next few coffees. “Go up to the counter and order coffee. If you don’t drink coffee, order tea. If you don’t drink tea, order water. I don’t care. Then just ask for 10% off. . . . The coffee challenge sounds kind of silly, but the whole point is that—in business and in life—you don’t have to be on the extreme, but you have to ask for things, and you have to put yourself out there.””

— Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers by Timothy Ferriss
https://a.co/73NXa96

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“To be a successful creator, you don’t need millions. You don’t need millions of dollars or millions of customers, clients, or fans. To make a living as a craftsperson, photographer, musician, designer, author, animator, app maker, entrepreneur, or inventor you need only 1,000 true fans.”

— Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers by Timothy Ferriss
https://a.co/671cltP

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“I remember walking out of the station around midnight. It was up on the top of this mountain, a beautiful place. I remember looking out and just saying, ‘Oh, my God, when am I going to like this? When am I going to really be happy with the work that I’m churning out?’ I look back on that all the time . . . if I could go back and just tell myself, ‘Don’t stress about it, it’s all going to work out in the end.’”

— Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers by Timothy Ferriss
https://a.co/bNIHxAb

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““If I’ve learned anything from podcasting, it’s don’t be afraid to do something you’re not qualified to do.” TF: This is a common thread throughout this book. Kamal Ravikant, Naval Ravikant’s (page 546) brother, told me how Naval once said to him (paraphrased): “If I had always done what I was ‘qualified’ to do, I’d be pushing a broom somewhere.” As I’ve also heard said, “Amateurs built the Ark, professionals built the Titanic.” Dan preemptively disarms potential criticism of his credentials by saying in nearly every episode, “Keep in mind that I’m no historian, but . . .””

— Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers by Timothy Ferriss
https://a.co/cyypmw7

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“*From Time Enough for Love: “A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects.””

— Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers by Timothy Ferriss
https://a.co/iKPs1bF