One Hundred Push Ups

Words from Steve’s site

“If you’re serious about increasing your strength, follow this six week training program and you’ll soon be on your way to completing 100 consecutive push ups!

Think there’s no way you could do this? I think you can! All you need is a good plan, plenty of discipline and about 30 minutes a week to achive this goal!

No doubt some of you can already do 50 consecutive push ups, but let’s face it, you’re in a big minority. Most of you reading this won’t even be able to manage 20 pushups. Actually, I’m sure many of you can’t even do 10.

However, it really doesn’t matter which group you fall into. If you follow the progressive push ups training program, I’m positive you’ll soon be able to do 100 push ups!”

I will be beginning this challenge tomorrow on Monday, June 30th and end August 1st.

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One Hundred Push Ups

Words from Steve’s site

“If you’re serious about increasing your strength, follow this six week training program and you’ll soon be on your way to completing 100 consecutive push ups!

Think there’s no way you could do this? I think you can! All you need is a good plan, plenty of discipline and about 30 minutes a week to achive this goal!

No doubt some of you can already do 50 consecutive push ups, but let’s face it, you’re in a big minority. Most of you reading this won’t even be able to manage 20 pushups. Actually, I’m sure many of you can’t even do 10.

However, it really doesn’t matter which group you fall into. If you follow the progressive push ups training program, I’m positive you’ll soon be able to do 100 push ups!”

I will be beginning this challenge tomorrow on Monday, June 30th and end August 1st.

Read Full Post »

Searching for Bobby Fischer

“Robert James “Bobby” Fischer (March 9, 1943 – January 17, 2008) was an American-born chess Grandmaster, and the eleventh World Chess Champion.” – Wikipedia
This movie is not about Bobby Fischer. It’s actually about Josh Waitzkin’s childhood and chess.

“In this film, Josh Waitzkin’s family discovers that he possesses a gift for chess and they seek to nurture it. They hire a strict instructor, Bruce Pandolfini (played by Ben Kingsley) who aims to teach the boy to be as aggressive as Bobby Fischer. The title of the film is a metaphor about the character’s quest to adopt the ideal of Fischer and his determination to win at any price. The main conflict in the film arises when Josh refuses to adopt Fischer’s misanthropic frame of reference. Josh then goes on to win on his own terms with the kind of gracious sportsmanship that Fischer rejects.” –Wikipedia

In real life, Josh wrote a book titled The Art of Learning : A Journey in the Pursuit of Excellence, where he discusses how he learned (some would say mastered) two different disciplines- chess and tai chi.

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Searching for Bobby Fischer

“Robert James “Bobby” Fischer (March 9, 1943 – January 17, 2008) was an American-born chess Grandmaster, and the eleventh World Chess Champion.” – Wikipedia
This movie is not about Bobby Fischer. It’s actually about Josh Waitzkin’s childhood and chess.

“In this film, Josh Waitzkin’s family discovers that he possesses a gift for chess and they seek to nurture it. They hire a strict instructor, Bruce Pandolfini (played by Ben Kingsley) who aims to teach the boy to be as aggressive as Bobby Fischer. The title of the film is a metaphor about the character’s quest to adopt the ideal of Fischer and his determination to win at any price. The main conflict in the film arises when Josh refuses to adopt Fischer’s misanthropic frame of reference. Josh then goes on to win on his own terms with the kind of gracious sportsmanship that Fischer rejects.” –Wikipedia

In real life, Josh wrote a book titled The Art of Learning : A Journey in the Pursuit of Excellence, where he discusses how he learned (some would say mastered) two different disciplines- chess and tai chi.

Read Full Post »

Special Situations in Trading

“Every so often, when there’s a patsy at the table or a no-brainer in the markets, a mere week’s work can make your year” – Johnny Chan

All stocks have their good and bad days; the difference could be the ratio of good to bad days or the magnitude of their good and bad days (volume). Some trade in bands and others trade all over the place (volatility). Most of us use support lines and set price targets. In doing so, we can usually mindfully speculate with some confidence whether a stock is a steal or not.

When Bear Sterns hit $2/share, many believed it was a steal. People easily pushed the stock back up to $3 dollars and a couple days later (after JP Morgan’s fiasco) it went back up to $10 dollars/SHR. A big investment bank, which was trading at $150 last year and had been riding an uptrend for most of the past decade (excluding this year) hits $2/share. You’re right, Bear Sterns could have gone bankrupt, but both you and I know that the government and the filthy rich who had hundreds of millions of dollars in BSC was not going to allow that. I was fortunate enough to catch this stock at the opportune moment and traded it for a 43.05% profit in a day.

There are others out there; we just need to find them. Though these trades may not be as obvious as BSC (or not obvious at all), they are still out there. Solid fundamentally sound companies out there are staying just a tad above strong support built up by previous years’ trading sessions. Optimal risk to reward set ups are out there. Do your homework. Manage the risk. And a week’s work could make your year.

Read Full Post »

Special Situations in Trading

“Every so often, when there’s a patsy at the table or a no-brainer in the markets, a mere week’s work can make your year” – Johnny Chan

All stocks have their good and bad days; the difference could be the ratio of good to bad days or the magnitude of their good and bad days (volume). Some trade in bands and others trade all over the place (volatility). Most of us use support lines and set price targets. In doing so, we can usually mindfully speculate with some confidence whether a stock is a steal or not.

When Bear Sterns hit $2/share, many believed it was a steal. People easily pushed the stock back up to $3 dollars and a couple days later (after JP Morgan’s fiasco) it went back up to $10 dollars/SHR. A big investment bank, which was trading at $150 last year and had been riding an uptrend for most of the past decade (excluding this year) hits $2/share. You’re right, Bear Sterns could have gone bankrupt, but both you and I know that the government and the filthy rich who had hundreds of millions of dollars in BSC was not going to allow that. I was fortunate enough to catch this stock at the opportune moment and traded it for a 43.05% profit in a day.

There are others out there; we just need to find them. Though these trades may not be as obvious as BSC (or not obvious at all), they are still out there. Solid fundamentally sound companies out there are staying just a tad above strong support built up by previous years’ trading sessions. Optimal risk to reward set ups are out there. Do your homework. Manage the risk. And a week’s work could make your year.

Read Full Post »

Celtics Clinch NBA Title

They outplayed the Lakers all series.

They deserved to win, but the Lakers will be back next year.

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Celtics Clinch NBA Title

They outplayed the Lakers all series.

They deserved to win, but the Lakers will be back next year.

Read Full Post »

Tiger Woods U.S. Open 2008- Absolutely Amazing

Tiger Woods is arguably the best golfer of the decade with 13 major championships. Today he is shooting for his 14th major championship at Torrey Pines in San Diego.
Yesterday in the final round, on the 18th hole (par 5) Tiger and Westwood were tied at E. Rocco had just finished one-under for the tournament.

In order to win the U.S. Open, Tiger or Westwood would have to eagle the 18th hole. Both hit their shots in the bunker off the 18th tee. It wasn’t looking good for either of them. A birdie would tie Rocco and force a playoff.

Long story short, Tiger hits a birdie on the 18th to tie Rocco and force a playoff. Westwood misses his birdie try.

The action is going on right now. Tiger is even par and Rocco is one over.
What surprises me the most is Tiger’s mentality. It is something we can all learn to build especially for trading.

“I tried to break him down mentally, tried to intimidate him verbally, by saying, ‘Water on the right, OB on the left,’ just before his downswing,” Woods once said in an AP interview. “He would look at me with the most evil look, but he wasn’t permitted to say anything. That’s the frustration. He couldn’t say a word, but he always had an escape word. He never used it.

“One day I did all my tricks, and he looked at me and smiled,” Woods said. “At the end of the round, I told him, ‘Tiger, you’ve completed the training.’ And I made him a promise. ‘You’ll never run into another person as mentally tough as you.’

“He hasn’t. And he won’t.”

Edit: 18th Holes Playoff then Sudden Death… Tiger wins. But, Rocco put up a helluva fight.

Read Full Post »

Tiger Woods U.S. Open 2008- Absolutely Amazing

Tiger Woods is arguably the best golfer of the decade with 13 major championships. Today he is shooting for his 14th major championship at Torrey Pines in San Diego.
Yesterday in the final round, on the 18th hole (par 5) Tiger and Westwood were tied at E. Rocco had just finished one-under for the tournament.

In order to win the U.S. Open, Tiger or Westwood would have to eagle the 18th hole. Both hit their shots in the bunker off the 18th tee. It wasn’t looking good for either of them. A birdie would tie Rocco and force a playoff.

Long story short, Tiger hits a birdie on the 18th to tie Rocco and force a playoff. Westwood misses his birdie try.

The action is going on right now. Tiger is even par and Rocco is one over.
What surprises me the most is Tiger’s mentality. It is something we can all learn to build especially for trading.

“I tried to break him down mentally, tried to intimidate him verbally, by saying, ‘Water on the right, OB on the left,’ just before his downswing,” Woods once said in an AP interview. “He would look at me with the most evil look, but he wasn’t permitted to say anything. That’s the frustration. He couldn’t say a word, but he always had an escape word. He never used it.

“One day I did all my tricks, and he looked at me and smiled,” Woods said. “At the end of the round, I told him, ‘Tiger, you’ve completed the training.’ And I made him a promise. ‘You’ll never run into another person as mentally tough as you.’

“He hasn’t. And he won’t.”

Edit: 18th Holes Playoff then Sudden Death… Tiger wins. But, Rocco put up a helluva fight.

Read Full Post »