Trading & Ego, The Ultimate Chess Game

http://www.youtube.com/watch?v=chzqWI346DI&feature=youtu.be

How much further could gold fall?

                                          The truth is that no-one knows.

The 1970s can offer insights. The gold price from 1974-1976 corrected 47% before it rose 8x to peak at US$887/oz in 1980. Extraordinarily, the price increased 4x in the 13 months before the peak.

commitment is the game and fulfillment is the aim

"I would sometimes think that maybe I ought to stop trading because it was very painful to keep losing. In 'Fiddler on the Roof,' there is a scene where the lead looks up and talks to God. I would look up and say, 'Am I really that stupid?' And I seemed to hear a clear answer saying, 'No, you are not stupid. You just have to keep at it.' So I did."

- Michael Marcus

Market Wizard, is noted for turning $30,000 into $80 million. If even he started out taking enough lumps to generate serious self-doubt, how can traders learning in today's environment expect less of a persistence breakthrough challenge?

the line of least resistance is upward

for now  ~ one day at a time