Friday, August 08, 2025

说散就散

临危受命 15.5.15~8.8.25 曲终人散

Monday, December 07, 2020

Friday, May 03, 2019

What I learnt losing £60,000 my first year as a full-time trader by Malcolm Robinson

During my first year as a local (independent trader) on the floor of LIFFE, I bought and sold 8804 FTSE futures contracts, about 40 contracts per day on average. The result was a loss of £61,620 or -£267 per trading day. I was profitable on 55% of days with an average gain of £1009, my average losing day was -£1780. My biggest one day gain was £7730 and my biggest loss -£12,426.

As you can probably imagine, this was a difficult time for me. I was trying to work out how to make money consistently. It was the consistency that seemed so hard to find. As you can see I was having a regular experience of making money, what was killing me were my losses. It seemed that every time I got ahead by £5-6000 over a period of a week or two, I would lose it all and a few thousand more in the space of a couple of days.

At the time I was too unhappy with my performance to be willing to spend any time analysing my results. If I had I would have discovered that during this period all I needed to do to go from a loss of £61,620 to a small profit would have been to avoid just 10 trading days. Those 10 days cost me a total of £69,169!

At the end of this period I was so frustrated, fed up and stuck that I decided to quit trading and return to a more secure career. It only took me a few weeks to abandon this plan and return to trading. I felt sure that I had the raw talent to become a consistently successful trader, what I needed, I reasoned, was some support. Support to stop me having the huge losing days that were crippling me financially.

I approached a firm I knew that backed traders on the floor and they agreed to back me with £20,000 of trading capital. We would split profits 60:40 and I was set an initial daily loss limit of £500. If I hit my £500 limit the firm’s floor manager would come and tell me to go home. The third day trading I lost about £3500 and nothing happened, no one came to ask me to stop trading. I felt very foolish, but continued to trade for the remainder of the week while avoiding any contact with the floor manager. The following Monday (the week’s losses had totaled about £5000) I got a message to meet with the director with whom I had made the agreement (it transpired he had been away the previous week). I was sure that he was going to say that the deal was off. Instead, to my surprise, he told me how important it was that he could trust me, he needed to know that when the market was volatile he could trust me not to be racking up big losses. He suggested that I start afresh. Needless to say I was both relieved and grateful. So I went back to the trading pit that morning with the determined intention to not loose more that £500.

The next two weeks turned out to be one of the toughest periods of my trading career and one of the most rewarding. Stopping when I was down was hard. I realised that what had been at the root of my large losses was my inability to accept losing at all. To me losing was unacceptable. Such was my intolerance for loss that I lost for ten consecutive days. But as the days progressed, even though I continued to loose £500 a day, I found my mood lifting. I actually started to feel OK about losing as long as it was within my limit.

At the end of this 10-day period of losses a seeming miracle happened; I started to make money. My target was to get to +£1000 and then not give back more than 20% of my gain. So when I had a profitable day I was making between £800 and £2000, for an average of about £1200. Not only did I start to make money, I did so for 15 days in a row, three entire weeks without a loss.

This marked the beginning of a new era of trading for me. In retrospect, I believe that I had been trading scared, scared that I was really a looser. The two weeks of rigidly sticking to my loss limit caused me to re-evaluate myself. I started to feel good about myself for sticking to my limit. Before it was bad if I lost money, now it was only bad if I lost more than my limit. Before, I never knew whether I was going to make £1000 or loose £5000; now I knew that the worst case was a loss of £500 and that was OK. I started to see that sticking to my trading limits was a sign of strength and my confidence started to rise.

Looking back at my first year’s loosing streak, if I had restricted my losing days to -£500 my loss of £61,620 would have turned into a profit of £83,525. Not only that, I think that had I been sticking to a loss limit during that period, my confidence would have been that much greater and my percentage of profitable days would also have been higher.

Scared money never wins, as the saying goes. If we are scared what are we scared of?

Whatever is at the root of our fear, in order to become consistently successful traders, we have to overcome it by developing trust in ourselves, trust that we will always act in our own best interest. When we trade fearfully, we undermine ourselves and end up taking the very action that confirms our fear. The question is how to develop an unshakeable trust in ourselves?

We develop trust in others through repeated experience of them acting in ways that inspire trust. In the same way we develop trust in ourselves as traders by building up a history of action that supports our goal to become consistently successful traders. The more frequently we adhere to our own trading plan and limits the greater our self-trust. Now this sounds like a catch 22 situation, if you find like I did that you cannot help yourself, how do you start to develop self-trust through right action?

In a way I was lucky, my back was against the wall, I knew that if I broke my limit I would be out. So I had to stick to my limit and in doing so I gave myself the opportunity to confront and finally reject my fear of being a loser. To go from being a net loosing trader to a consistently profitable one, we need to set ourselves achievable targets of behavior. 

My problem was allowing loosing days to turn into huge losing days, so to set myself the objective of stopping trading for the day when I was down £500 was appropriate for me. For others the primary problem can be the resistance to taking a trade when a signal comes up, be it intuitive or mechanical. An appropriate exercise would be to take a simple mechanical trading system (it does not have to be much good, break even would do) and set the goal of taking the next 10 signals without hesitation, regardless of how you feel. 

We need to build up our trading skills one at a time, when we are confident we can cut our losses we can move onto execution, then we can work on holding on to profitable trades etc. Tennis stars don’t become stars just through competition; they hone their skills one by one on the practice court and they continue to practice throughout their careers. 

As traders we need to identify the individual skills we need to develop and focus on them one by one. Someone new to tennis does not expect to go out and win competitions straight away, they know they will have to spend a fair amount of time practicing and learning first. Short term trading, like tennis, is skill based, and those skills can be identified, practiced and mastered.

Tuesday, June 19, 2018

人生就是一场赌局

美国船王哈利曾对儿子小哈利说:“等你到了23岁,我就将公司的财政大权交给你。”谁想,儿子23岁生日这天,老哈利却将儿子带进了赌场。老哈利给了小哈利2000美元,让小哈利熟悉牌桌上的伎俩,并告诉他,无论如何不能把钱输光。

小哈利连连点头,老哈利还是不放心,反复叮嘱儿子,一定要剩下500美元。小哈利拍着胸脯答应下来。然而,年轻的小哈利很快赌红了眼,把父亲的话忘了个一干二净,最终输得一分不剩。走出赌场,小哈利十分沮丧,说他本以为最后那两把能赚回来,那时他手上的牌正开始好转,没想到却输得更惨。

老哈利说,你还要进赌场,不过本钱我不能再给你,需要你自己去挣。

小哈利用了一个月的时间去打工,挣到了700美元。当他再次走进赌场,他给自己定下规矩:只能输掉一半的钱,到了制胜一半时,他一定离开牌桌。然而,小哈利又一次失败了。当他输掉一半的钱时,脚下就像被钉了钉子般无法动弹。他没能坚守住自己的原则,再次把钱全都压了上去,还是输了个精光。老哈利则在一旁看着,一言不发。走出赌场,小哈利对父亲说,他再也不想进赌场了,因为他的性格只会让他把最后一分钱都输光,他注定是个输家。谁知老哈利却不以为然,他坚持要小哈利再进赌场。老哈利说,赌场是世界上博弈最激烈、最无情、最残酷的地方,人生亦如赌场,你怎么能不继续呢?

小哈利只好再去打短工。他第三次走进赌场,已是半年以后的事了。这一次,他的运气还是不佳,又是一场输局。但他吸取了以往的教训,冷静了许多,沉稳了许多。 当钱输到一半时,他毅然决然地走出了赌场。虽然他还是输掉了一半,但在心里,他却有了一种赢的感觉,因为这一次,他战胜了自己。老哈利看出了儿子的喜悦,他对儿子说:“你以为你走进赌场,是为了赢谁?你是要先赢你自己!控制住你自己,你才能做天下真正的赢家。”

从此以后,小哈利每次走进赌场,都给自己制定一个界线,在输掉10%时,他一定会退出牌桌。再往后,熟悉了赌场的小哈利竟然开始赢了:他不但保住了本钱,而且还赢了几百美元。这时,站在一旁的父亲警告他,现在应该马上离开赌桌。可头一次这么顺风顺水,小哈利哪儿舍得走?几把下来,他果然又赢了一些钱,眼看手上的钱要翻倍——这可是他从来没有遇到过的场面,小哈利无比兴奋。谁知,就在此时,形势急转直下,几个对手大大增加了赌注,只两把,小哈利又输得精光。从天堂瞬间跌落地狱的小哈利惊出了一身冷汗,他这才想起父亲的忠告。如果当时他能听从父亲的话离开,他将会是一个赢家。可惜,他错过了赢的机会,又一次做了输家。

一年以后,小哈利俨然已经成了一个像模像样的老手,输赢都控制在10%以内。不管输到10%,或者赢到10%,他都会坚决离场,即使在最顺的时候,他也不会纠缠。

再过半年,老哈利再去赌场时,小哈利已经是真正的高手了,输只控制在10%以内,顺利时,赢到10%,即开始顺势加仓,当然做好了利润回撤止损。小哈利已经是一个成功的羸家。

老哈利激动不已,因为他知道,在这个世上,能牢牢控制住风险,输赢进退场自如,赚足利润,有标准,有策略,能控制自己情绪的人,才是真正的赢家。老哈利毅然决定,将上百亿的公司财政大权交给小哈利。听到这突然的任命,小哈利倍感吃惊:“我还不懂公司业务呢。”老哈利却一脸轻松地说:“业务不过是小事。世上多少人失败,不是因为不懂业务,而是控制不了自己的情绪和欲望。”老哈利很清楚,能够控制情绪和欲望,往往意味着掌控了成功的主动权。

Tuesday, March 21, 2017

选择走自己的路

如果你选择走自己的路,前方会有两个障碍等着你。
首先,你要自辟蹊径,而这条路上什么都没有,所以你需要拥有足够的技能和自我规范能力,否则很容易堕落,面对困难也将无所适从。此外,你还要与自我怀疑、惰性、自我限制等种种借口进行拉锯奋战,以坚持自己的理想。
第二,就算做了以上努力,也不保证你会成功。

《这辈子,只能这样吗?》-- [美]肯尼斯·克利斯汀

Saturday, June 11, 2016

改变需要多久?



我们最大的限制,不是想要却做不到。
而是从没想过自己做得到。

不敢想?
还是想了却没付诸行动?

处于最佳状态时,可以做到哪些事?
几乎什么都做得到吧!

表现得好像你可以掌握自己的人生,
你就能掌握自己的人生。

成功的基础不在智商。
相信自己可以拥有自己想要的事物,
也认为自己值得拥有。
这些信念能让你积极行动,并获取成果。

信念的力量很惊人。

信念 》 行动 》 结果

Tuesday, April 26, 2016

甘地戒糖

  一天,有位妇人带着儿子找到甘地,苦恼地说:“这孩子都要上学了,可他仍然嗜糖如命,经常上火咳嗽,满口蛀牙也不顾。他最崇拜您,肯定听您的话,您能帮我劝劝他么?”甘地有些诧异,但还是谦和地说:“你们下个月再来吧!”说完,便接着忙自己的事去了。

  妇人心中颇有怨言,她家离这儿很远,来回一次要好几天,但她还是乖乖回去了。一个月后,妇人再次带着孩子来找甘地。甘地正在客厅跟一群人谈论政事,看见母子二人,便立即起身走过来,摸了摸孩子的头,说:“你就快长成大人了,该好好听妈妈的话,少吃点糖。”孩子用力地点了点头。甘地又与他交流了几句,这才准备拥抱告别。

  妇人忍不住问:“为何您上个月不肯教导他,非要推迟到今天呢?”甘地没作回答,径直走进房间取出一包糖,分给了大家:“以前我也很爱吃糖,可这位夫人告诉我多吃糖不好,所以我已经戒掉了。这是我之前的糖,现在分给大家,每个人都不要多吃啊!”

  甘地这才回头看着妇人,说:“上个月我都还没有戒掉吃糖的习惯,哪有资格教导你的孩子?”甘地信奉:要教育好他人,先从自身做起,先改变自己才能改变世界。
  (作者:张小平;推荐者:兰明芳)


怎样当好基层管理者 
By 郑一群




两个人一座城。遇到困难,低头看。

两个人一座城
  女兵团在举行走钢丝团体赛,按规定:女兵分为两队,每队女兵必须两人一组,依次从两根平行悬空的钢丝绳上走过,先走完的那一队取胜。
  指导员的口令一响,第一队女兵两两一组,依次登上了钢丝绳。两人组合中,一个人的左手拉另一人的右手,并排、同向慢慢行进。可是纤细的钢丝绳在脚下轻轻晃动,不断有人坠落,同时把搭档也拉了下去。
  第二队女兵出发时明显慢了一拍,但与第一队不同,她们的二人组是双臂伸出,十指相扣,面对面登上钢丝绳,一边走一边口中数着“一二、一二……”没想到,前面落后的她们,速度越来越快,最后胜过了第一队。
  赛后,指导员问:“你们出发前在磨蹭什么?”第二队队长答道:“我们花了点时间,把身高、体重相似的女兵分成一组,更容易保持平衡。”
  指导员再问:“那你们又为何要面对面走呢?”
  队长拉过另一个女兵,模拟了刚才的动作,问:“指导员,从侧面看,像什么?”
  指导员一看,恍然大悟—她们呈现的是一个方方正正的“H”。这个“H”,就如一座防守严密的城,稳固扎实,坚不可摧!
  指导员不禁感叹:“能有‘让两个人站成一座城’的智慧,对一个集体来说,很重要!”
  
(作者:龚细鹰;推荐者:阿 紫)

  遇到困难,低头看
  皇帝要从两名优秀的武将之间选拔一位大将军,他指着皇宫旁的悬崖,出了一道题:谁能从底下爬上来,返回皇宫,谁就能担任大将军。
  于是一行人来到悬崖下,那悬崖高耸陡峭,寸草不生,遍布碎石。
  第一名武将利落地跃上悬崖,只往上登了几步,马上就滑了下来。他不死心,更用力地往上攀,但一脚踩空,整个人就滚了下来,摔得鼻青脸肿。
  第二名武将缓缓地往悬崖上爬,很快也变得气喘吁吁。这时,他低头往下看了看,像在思索着什么。接着,他竟爬下悬崖,拍拍身上的尘土,头也不回地走了。
  旁观的人都非常诧异,不知他为何放弃了挑战,只有皇帝静默不语。最后,皇帝带着众人走大路回到了建于悬崖上的皇宫里。过了一会儿,只见第二名武将哼着小曲,轻轻松松地出现在皇宫前。
  皇帝问:“你是怎么上来的?”
  武将说:“我刚刚站在悬崖脚下,看到底下有一条蜿蜒的小溪,恰好是从皇宫的方向流下来的,于是我便沿着溪谷,一路走了上来。”
  围观的文武百官都准备看好戏,认为皇帝一定会重重惩罚这名武将。
  不料,皇帝却开口说:“遇到困难时低头看,就能发现另一条往上爬的道路。能前进,也能后退,才是理想的大将军人选啊!”
(作者: 来源:《故事会》杂志)

Monday, April 18, 2016

Tuesday, April 12, 2016

ZEN STORY - Concentration


After winning several archery contests, the young and rather boastful champion challenged a Zen master who was renowned for his skill as an archer. The young man demonstrated remarkable technical proficiency when he hit a distant bull's eye on his first try, and then split that arrow with his second shot.

"There," he said to the old man, "see if you can match that!"

Undisturbed, the master did not draw his bow, but rather motioned for the young archer to follow him up the mountain. Curious about the old fellow's intentions, the champion followed him high into the mountain until they reached a deep chasm spanned by a rather flimsy and shaky log. Calmly stepping out onto the middle of the unsteady and certainly perilous bridge, the old master picked a far away tree as a target, drew his bow, and fired a clean, direct hit.

"Now it is your turn," he said as he gracefully stepped back onto the safe ground.

Staring with terror into the seemingly bottomless and beckoning abyss, the young man could not force himself to step out onto the log, no less shoot at a target.

"You have much skill with your bow," the master said, sensing his challenger's predicament, "but you have little skill with the mind that lets loose the shot."

Wednesday, February 17, 2016

Perseverance is a Key to Success in Any Endeavor

Don’t Quit
When things go wrong, as they sometimes will,
When the road you’re trudging seems all uphill,
When funds are low and the debts are high,
And you want to smile but you have to sigh,
When care is pressing you down a bit,
Rest if you must, but don’t you quit.
Life is queer with its twists and turns,
As every one of us sometimes learns,
And many a failure turns about,
When he might have won if he’d stuck it out.
Don’t give up, though the pace seems slow –
You may succeed with another blow.
Often the goal is nearer than
It seems to a faint and faltering man;
Often the struggler has given up
When he might have captured the victor’s cup,
And he learned too late, when the night slipped down,
How close he was to the golden crown.
Success is failure turned inside out –
The silver tint of the clouds of doubt,
And you never can tell how close you are –
It may be near when it seems afar;
So stick to the fight when you’re hardest hit –
It’s when things seem worst that you mustn’t quit.
Author Unknown

“Success is not final, failure is not fatal; it is courage to continue that counts.” 
-- Sir Winston Churchill

Sunday, February 14, 2016

九气、九局、九品、九悟、九雅。

一、人生九气
闲时多读书,博览凝才气;
众前慎言行,低调养清气;  
交友重情义,慷慨有人气;  
困中善负重,忍辱蓄志气;  
处事宜平易,不争添和气;  
对己讲原则,坚持守底气;  
淡薄且致远,修身立正气;  
居低少卑怯,坦然见骨气;
卓而能合群,品高养浩气。

二、人生九局
宠辱之局:宠辱不惊。  
得失之局:有小失才能有大得。  
利害之局:见利必先思害。  
福祸之局:福祸相倚。  
贫富之局:贫而有志,富而不骄。  
贵贱之局:贵贱皆人定。  
苦乐之局:苦乐两相依。  
生死之局:明生死,重大义。
成败之局:胜不骄,败不馁。

三、人生九品 
下三品:
自信,自信能成就一切但不傲慢;  
谦虚,自知要学无止境但不自卑;  
认错,自省有缺点缺陷知错能改。  
中三品:  
感恩,感恩得到的一切;  
知足,满足享受的一切;  
无为,安住现成的一切。 
上三品:  
舍得,给予大众分享所得;  
包容,容纳自他一切生命;  
觉醒,觉悟宇宙人生真相。

四、人生九悟
1、心甘情愿吃亏的人,终究吃不了亏。能吃亏的人,人缘必然好,人缘好的人,机会自然多。人的一生,能抓住一两次机会,足矣!  
2、爱占便宜的人,终究占不了便宜,捡到一棵草,失去一片森林。
3、心眼小的人,天地大不了。朋友聚会时,三句话不离自己和自家的人,是蜗牛转世,内心空虚、自私。心里只有自家的事,其他的事慢慢也就与他无关。
4、只有惜缘才能续缘。在人生的路上,我们会遇到很多人,其实有缘才能相聚,亲人多半是前世的好友,好友多半是前世的亲人,给你带来烦恼的,多半是你前世伤害过的。因此切记:善待身边的亲人,关心身边的朋友,宽恕那些伤害你的人。这就是因果。
5、心中无缺叫富,被人需要叫贵。快乐不是一种性格,而是一种能力。
6、解决烦恼的最佳办法,就是忘掉烦恼。
7、笑看风云淡,坐对云起时。不争就是慈悲,不辩就是智慧,不闻就是清净,不看就是自在,原谅就是解脱,知足就是放下。
8、不乱于心,不困于情,不畏将来,不念过往。 
9、今生注定我们什么也带不走,那就活在当下、笑在当下、悟在当下吧!

五、人生九雅  
1.琴弦底松风诉古今,红尘里,难觅一知音。
2.棋颠倒苍生亦是奇,黑白子,何必论高低。
3.书沉醉东风月下读,柴门闭,莫管客来无。
4.画纤手松烟染素纱,盈盈写,茅舍两三家。
5.诗漱玉含芳锦绣辞,堪吟咏,佳句费寻思。
6.与尔同销万古愁,杯斟满,莫教泪空流。
7.花驿外桥边萼绿华,随风起,飘舞向天涯。
8.茶香喉提气人神闲,捏指间,悠然沁心田。
9.玉玲珑透剔纯贵雅,载万道,滋神且润心。

Wednesday, March 11, 2015

有事沒事(負責)

一些事沒人做,一些人沒事做,沒事的人盯著做事的人,議論做事的人做的事,使做事的人做不成事做不好事。
於是,老闆誇獎沒事的人,因為他看到事做不成;
於是,老闆訓誡做事的人因為他做不成事。
一些沒事的人總是沒事做,一些做事的人總有做不完的事,一些沒事的人滋事鬧事,使做事的人不得不做更多的事,結果好事變壞事,小事變大事,簡單的事變複雜的事。
阿拉伯諺語:『你若不想做,會找到一個藉口;你若想做,會找到一個方法』。
想一想:
1.              團體中常有以上兩類人,你欣賞哪一類的人?
2.              你屬於哪一類?
3.              團體中哪一類成員多才易進步?
4.              遇到不做事的人,你要如何與他溝通?
5.              你會向文中的老闆一樣嗎?還是你有不同的處理方式呢?

6.              哪一類的人較負責?

Friday, December 19, 2014

Thursday, October 16, 2014

Meet the Nexus Family

Nexus 6: Space to explore


Nexus 9: For movers and makers


Nexus Player: Entertainment tailored for you

Friday, September 05, 2014

IKEA 2015 Catalog


Tuesday, August 05, 2014

Sunday, June 29, 2014

全球疯传的30张图,赤裸裸的人性。


  按别人的指引,盲目的前进,可能就会一步踏空,摔得惨痛。
  没有永恒的朋友,只有永恒的利益。 
  很多人只靠着一张脸活着,却不知早已如同行尸走肉一般苟且。
  我抱起砖头就没法抱你,放下砖头就没法养你。
  不逼自己一把,你的世界永远是黑白的。
  你们当初剪下了我的翅膀,现在却要我飞翔。
  有时候,你不知道自己的话有多伤人。
  我把心交给了你,你却用冷漠的眼光杀死了我。
  邪恶的内心,远比邪恶的外表可怕得多。 
  长大了,我们就不再是纯粹的人…
  你真的真的能承受所有人异样的眼光吗?
  你知道在你身边的人是天使还是恶魔吗?
  年龄不是问题,关键是拥有一颗年轻的心。
  老师说,所有人的起跑线都是一样的,我想也是…

  有危险在靠近,跟你最亲近的全然不知,而被你抛弃的心知肚明,却无法告诉你。

  男人的眼中只有女人的下半身。
  男人被束缚了自由,女人即使对他再好,他也是厌烦的。
  当你在算计别人的时候,别人也在算计你。 
  富人的钱,永远都是从劳动者那里获取...
  靠男人的女人,总有一天会摔倒。
  渴望自由的孩子仰望星空,眼睛却看不见真实。
  其实天使就在身边,可你却听了恶魔的话。 
  人生就像舞台,不到谢幕,永远不知道自己有多精彩。
  没有菱角的人会走得很快,但到下坡路的时候也会滚得很远。
  有时候,眼见未必是现实。
  永远不要放弃你的梦想!
  每个成功男人的背后,必定有一个默默付出不要求回报的女人;每个任性的女人背后,必定有一个百般娇宠她的男人。
  摘下戒指那天你才会发现…marry me 
  可怕的不是真坏人,而是假好人。
樂觀是一種態度

Extra: 看完這15張圖,200%的人都懂了!你不看?後悔一輩子!