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Showing posts from February, 2023

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The Most Common Weakness I Observe Among Traders

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  There is a myth among developing traders that all you need to do for success is find a style of trading that fits your personality and then stick to that style with discipline and consistency. What nonsense. Consider other performance domains, such as basketball or surgery or opera singing.  Does a basketball team stick with a single defensive style regardless of the competition?  Do surgeons follow techniques based upon their personalities or based on objective scientific data?  Do professional singers adopt the same style to every composition they perform?  The reality is that high performance professionals learn to adapt their styles to the conditions of performance .  A tennis player adapts to clay and grass courts.  A football team adapts to changing defensive alignments.  Actors adapt to their roles. The most common weakness I observe among traders is that they seek a style of trading and attempt to fit that style into all market condition...

Reaching Your Goals Through Gentle Power

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  In her remarkable book Gentle Power , Emilia Elisabet Lahti describes how true leadership requires an integration of strength and power on one hand and love and gentleness on the other.  The combination of these qualities creates a trait known in Finland as sisu .  It is through sisu that we are able to persevere under challenging conditions, transcending fatigue and frustration to find our emotional and spiritual second wind .  A while back, I wrote an article pertinent to sisu , citing the mixed martial arts accomplishments of Kyle Maynard, who was born without arms and legs.  Interestingly, Maynard practiced for his bouts by mentally rehearsing all his anxieties and fears in advance.  By training himself to face his greatest fears, he built his mental strength. Lahti would view this as an excellent example of gentle power:  facing adversity, but in a manner that is supportive and constructive.  In the Gentle Power book, she describes her in...

Our Physical Experience Shapes Our Mindset

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  In a recent post , I highlighted the role of physical experience in our psychological states.  That post raised a fascinating possibility: Could it be the case that, just as we read others through their "body language", we process our experiences of ourselves through our bodily states?  What if we are continuously reading our own body language and internalizing what we're reading as our self-image, self-concept, and self-esteem?  Most of us are familiar with the cognitive framework in which what we think influences how we feel.  There is undeniable importance to this perspective.  If we immerse ourselves in negative self-talk, it's inevitable that we will feel anxious, depressed, frustrated, and resentful.  Equally important is the observation that we are much more likely to lapse into negative self-talk when we lack energy and vitality.   Suppose we are trying to grow a beautiful garden.  We could select the best flowers and plants an...

What is the Path to Your Greatness?

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  Many traders long for great profits.  How many do truly great things to achieve those profits?  If you were to do the things that would earn unusually positive returns, you would be doing unique things--you would be far from consensus.  You would have unique ways of generating ideas and managing the positions based on those ideas. You would have an ongoing pipeline of projects to get better and better and exploit new and different market conditions.  You would not be a one-trick pony making money in bull or bear markets or in conditions of volatility.  You would cultivate ways of succeeding across many market conditions. Most importantly, great people don't magically achieve their status.  Their greatness comes from doing unique and special things each day, each week.  I invite you to read this older post :  It asks the important question, "How can people experience themselves greatly if there's no single thing during the day that they...

Youtube CPM Rate by Specialty/Class 2023

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Youtube CPM Rate by Specialty/Class 2023 After monetization, the main factors that influence how much money you make on YouTube are‎YouTube CPM Rates‎and‎YouTube CPC Rates. In this article, you will learn the terms like‎CPM, CPC and‎also learn how CPM rates vary from country to country. What is Youtube CPM? CPM (cost per thousand impressions) is a metric used by advertisers to measure how much they spend per 1000 views to see their ads on YouTube. What is YouTube CPC ? CPC stands for cost per click. In youtube industry, it is the amount advertisers have to pay everytime someone clicks on the ads that are displayed on a youtube video. Ads can be of any type including banner ads, footer ads, skippable ads and non-skippable ads. What are the Top 10 Countries with highest YouTube CPM Rates? Highest YouTube CPM Rates S.N. COUNTRY CPM RATE ‎1. ‎Norway ‎$43.15‎ ‎2. ‎Germany ‎$38.85 ‎3. ‎Moldova ‎$29.50 ‎4. ‎Algeria ‎$24.50 ‎5. ‎South Korea ‎‎$17.00 ‎6. ‎Sweden ‎$18...