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  • Parent Category: Articles

D.I.Y. Brazilian

money blogSomething has hit the headlines this week that I would like to chat about before it drops off the radar.

In the early 90's I spent 4 years on the trading floor of the Sydney Futures Exchange - yes, the one with hundreds of overpaid, testosterone overloaded 20-somethings who spent their day screaming and shouting whilst wiggling strange hand gestures at each other. At 23 I was in my element and on the surface it appeared a great job - get aggressive and get paid.

Problem was every 15 minutes of pure adrenaline was punctuated by days of complete boredom.

So what do 300 bored and brash 20-somethings do when they have to stand around for days on end when trading was quiet?

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The George Costanza school of trading.

thumbs upEver watch "Seinfeld"?

Cracks me up whenever I watch it.

The other night was the episode where George Costanza did everything in opposites.

He saw an attractive woman in the diner, walked up to her and, instead of lying and conning her into a date, said he was a short, bald, unemployed man who still lives with his parents.

She immediately went out with him.

Then, he gets a job interview with the New York Yankees.

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  • Parent Category: Articles

Let's Talk in Percentages

Percentage manI often receive emails or phone calls from people saying, 

“Help! My trading account is down $5000 and I don’t know what to do.” It’s usually followed by “My partner is going to kill me.” 

My first response is “Let’s take a step back. What’s your account size and what percentage does the $5000 represent?”

There are two reasons why we shouldn't talk in dollar terms.

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