Fire & Motion 13
Fleeting quotes
希望正是來自於看到了反抗本身，絕望来源於我们無法看見彼此。 / What looks like discipline is often a carefully created environment to encourage certain behaviors. What looks like poor choices is often someone trying their best to use willpower to go against their environment. / 人的一生會遇到兩個人，一個驚艷了時光，一個溫柔了歲月。
Reading
在顯著的價位設置止損，不是一個好方法，你最好把止損放在既能保護你的資金又能降低被穿透風險的位置上；同時，你的設置方法要盡量與其他交易者區別開來；再者，你要把止損設在所預期的行情可能達不到的價位。如果你能預期行情到達的點位，那你還設什麼止損？你還不如直接平倉，省得焦急地等待。
when it comes to 有效的止損。
你應該每天計算資金總額，這些資金包含帳戶中的現金、現金等價物以及全部敞口當前市值。只要你的資金相比上個月最後一天資金餘額下跌 6%，你應該暫停所有交易。
作者提到了 2% & 6% 原則。2% 原則意指每次投資的風險不超過帳戶總額的 2%，實踐上須搭配止損的設置；而 6% 原則則是當月的總虧損與上個月相比不超過 6%，實踐上並不是到了月底才進行結算，而是每天計算，一超過 6% 後那當月的交易行為就該暫停，回家讀書 (笑)
確定交易規模大小的依據是你能拿出多少錢來冒險，而不是你要賺多少錢。
慎選對一項抉擇的切入方式 (when it comes to approaching a choice) 。比起用「我想從這項抉擇掙得多少好處」，用「我能承擔多少這項選擇所帶來的損失、風險」來面對不失為更穩健的心態。後者肯認並考量了機會成本。
大多數交易者都願意看圖表，但很少有人會審視自己。這是一種疏忽，因為性格是交易中的一個重要部分。
作者提到的3M: mind, method, management. 方法講的是技術分析，而心智與資金管理著重於紀律與自我覺察。
自由源自於我們的思想，而不是我們銀行帳戶上的資金有多少。
你應該找到那些讓你感覺舒適的最低消費水平。知足是一種有力而又自由的的狀態，也是一種自信而又靈活的狀態。
我好喜歡這句話。當人們聊起自由時，隱含的預設是財務上的自由，關乎有多少被動收入或是銀行裡的存款能否用到老死。自由應當是一種態度，當我確信地做著我喜歡的事情，而自信穩健地過著生活，如此的狀態即是自由。
如果你感覺沒有把握，你可以設計一個新的交易系統，用一個不同的帳戶對其進行測試，不去碰那個已被證明是行之有效的交易系統。
不要急著修正。一套有效的系統難免會有波動，更好的衡量需從長觀察趨勢，均值回歸必然回發生。將新的嘗試與既有的事物分開來，避免互相干擾而看不出因果關係。
無論市場是否活躍，你每天監控你所選定的市場。避免出現典型的交易新手常犯的錯：只關心那些活躍的以及你感興趣的市場。要知道，那些大行情往往是從相對不活躍的市場中發展起來的。
撰文此刻正值 Bob Iger 回任 Disney CEO，又出現了一群立即買入迪士尼股票的跟風 (笑) 大幅變化後經常跟著死寂，而相對死寂是大幅成長的前提。
一個嚴謹的交易者總能走在遊戲前面，因為他每天都在做功課。
keep working.
📄Narratives (Stratechery Article 11-14-2022)
What I regret more, though, was keeping quiet about my uncertainty about what exactly all of these folks were creating these complex financial products out of: here I suffered from my own diversionary narrative, paying too much heed to the reputation and viewpoint of people certain that there was a there there, instead of being honest that while I could see the utility of a blockchain as a distributed-but-very-slow database, all of these financial instruments seemed to be based on, well, nothing.
I think it truly shows the reason why I love reading Ben's articles. He doesn't hide his analytical mistake and is willing to share what he has been wrong for with genuineness. What he has neglected, in my interpretation, is the basic fact of what blockchain is, and put too much weight on reputation.
In the end, the best way of knowing is starting by consciously not-knowing. Narratives are tempting but too often they are wrong, a diversion, or based on theory without any tether to reality. Narratives that are right, on the other hand, follow from products, which means that if you want to control the narrative in the long run, you have to build the product first, whether that be a software product, a publication, or a company.
Authentic narrative comes from solidity.
📄87 Self-Reflection Questions for Introspection
Just write down some questions that worth revisiting during the strolling time.
What worries me most about the future? (futher step: what will the future be like if that worry has been overcame?) / If this were the last day of my life, would I have the same plans for today? (note: hell yes or not) / What am I really scared of? (of not realizing the potential of myself. Is it nesscessary to be scare? Am I letting matters that out of my control scare me off?) / Who has had the greatest impact on my life? (none at this point, in my opinion.)
and some questions as a prompt for journaling.
Write about a moment experienced through your body. Making love, making breakfast, going to a party, having a fight, an experience you’ve had or you imagine for your character. Leave out thought and emotion, and let all information be conveyed through the body and senses. / What’s one topic you need to learn more about to help you live a more fulfilling life? (then of course, follow through and learn more about that topic.) / Write the words you need to hear. (get a job now)
Watching
The cause and effect are not constrained by time and happen sequentially. Instead, they are complementary and mutually reinforcing. To me, the most essential part is accepting the fact of happening.
Outside Interest!
我發現湯馬放的歌，超級合我的胃口 (笑