Why grow own food?

26 09 2011

Why growing and storing your own food can be a goldmine…

All this means we can count on three things happening in the years ahead:
Prediction #1) Food supplies will become more scarce.
Prediction #2) Food prices will double over the next 2-3 years, and then probably double again in another 2-3 years.
Prediction #3) When food prices are 400% of today’s levels, backyard farming or gardening pays off big in terms of real dollar savings.

http://www.infowars.com/why-is-george-s … -farmland/

what if we don’t have a farm? At least we have a roof!

A Chinese man has grown rice on the roof of his house because his city lacked the open space he needed

http://www.cityfarmer.info/2010/10/26/c … e-on-roof/





Todd Mitchell’s 20 Rules for Trading Success

20 09 2011

1.0 Always use stops. Risk control is the true measure of a good consistent trader. If you lose all your capital on the lemons, you can’t play when the great trades set up. Consider cash as having an option value.

2.0 Don’t over trade. This is the number one reason why individual traders and investors lose money. Look at your trades of the past year and apply the 90/10 rule. Dump the least profitable 90% and watch your performance skyrocket. Then aim for that 10%. Over trading is a great early retirement plan for your broker, not you.

3.0 Don’t forget to sell. Date, don’t marry your positions. Remember, pigs get slaughtered. Always leave the last 10%-15% of a move for the next guy.

4.0 Don’t chase the market. If you do, it will turn back and bite you. Wait for it to come to you. If your miss the train, there will be another one along in hours, days, weeks, or months. Patience is truly a virtue in this business.

5.0 When I put on a position, I calculate how much I am willing to lose to keep it. I then put a stop just below there. If I get triggered, I just walk away. Only enter a trade when the risk/ reward is in your favor. You can start at 2:1. That means only risk a dollar to potentially make two.

6.0 Always be willing to go Long (Buy) and Short (Sell). You have to be flexible and dynamic in your trading…one minute I could be long the market and the very next minute I may be short the market. You need to be able to flip flop and be quick and nimble in your trading.

7.0 You don’t have to be a genius to play this came. If that was required, Wall Street would have run out of players a long time ago. If you employ risk control and stops, then you can be wrong 40% of the time, and still make a living. That’s little better than a coin toss. If you’re wrong only 30% of the time, you can make millions. If you’re wrong only 20% of the time, you are heading a trading desk at Goldman Sachs. If you’re wrong a mere 10% of the time, you’re running a $20 billion hedge fund that the public only hears about when you pay/invest $100 million. And if someone tells you they’re never wrong, as is often claimed on the Internet, run a mile, because it’s simply impossible!

8.0 Trading is hard work. Trading attracts a lot of wide eyed, naïve, but lazy people because it appears so easy from the outside. You buy a stock (futures contract, forex, option, etf, etc.), watch it go up, and make money. How hard is that? The reality is that successful trading and or investing requires twice as much work as a normal job. The more research you put into a trade, the more comfortable you will become, and the more profitable it will be.

9.0 Don’t confuse a bull market with brilliance. When the market goes straight up (i.e. 1995 to 2000) anybody and their grandmother can make money.

10.0 John Maynard Keynes, the great economist and early hedge fund trader of the thirties, once said: “Markets can remain illogical longer than you can remain solvent.” Hang around long enough, and you will see this proven time and time again.

11.0 Don’t believe the media. Look for the hard data, the numbers, and you’ll see that often the talking heads, the paid industry apologists, and politicians don’t know what they’re talking about.

12.0 Sometimes the conventional wisdom is right.

13.0 INVEST like a fundamentalist, execute like a technical analyst. (Swing) TRADE using technical analysis…then by understanding basic fundamentals will make you even better.

14.0 Technical analysis…knowing how to read charts like a daily newspaper is key to successful trading. That said, learn what an “outside vertical bar” is, and who the hell is Leonardo Fibonacci.

15.0 The simpler a market approach, the better it works (the ‘KISS’ method). Everyone talks about “buy low and sell high”, but few actually do it. All black boxes eventually blow up, if they were ever there in the first place.

16.0 Markets are made up of people. Understand and anticipate how traders think, and you will make a lot of money. The market is made up of peoples fear and greed…it’s all psychological…learn how to read people and you’ll certainly be ahead of everybody else.

17.0 Understand what information is in the market and what isn’t and you will make more money.

18.0 Do the hard trade, the one that everyone tells you that you are “Crazy” to do. If you add a position and then throw up or feel sick afterwards, then you know you’ve done the right thing.

19.0 If you are trying to get out of a hole, the first thing to do is quit digging and throw away the shovel – exit your trade asap. A blank/neutral/flat position can be invigorating.

20.0 Making money in the market is an unnatural act. We humans are predators and hunters evolved to track game on the horizon of an African savanna. Modern humans are maybe 5 million years old, but civilization has been around for only 10,000 years. Our brains have not had time to make the adjustment. In the market, this means that if a stock has gone up, you believe it will continue. This is why market tops and bottoms see volume spikes. To make money, you have to go against these innate instincts. Some people are born with this ability, while others can only learn it through decades of training.

http://tradingconceptsinc.com/todd-mitchells-20-rules-trading-success/





Chinese man grows rice on roof

15 09 2011

A Chinese man has grown rice on the roof of his house because his city lacked the open space he needed

By Charlotte Bailey
The Telegraph
30 Oct 2008

Excerpt:

Peng Qiugen decided to plant rice on the roof of his four storey house in Shaoxing in east China’s Zhejiang province as a novel way to farm in the overcrowded city.

Mr Qiugen planted the rice back in May on his 120-square-metre roof paddy and his crop is now ready to be harvested.

The rice paddy is expected to yield 120kg of rice grains.

http://www.cityfarmer.info/2010/10/26/chinese-man-grows-rice-on-roof/





Action and Adventure Check-List

5 09 2011

To remind self that has been aching to see the day and say …. “been there, done that!!” of anything and everything that is non-work related.

On Going:

– Planning and Building the Fortress of God’s Wealth (Qatar/KSA ~~ present)

– Desert Sand Gardening (KSA, ~~present)

– Wine and Beer Making (KSA, ~~present)

– Home Farming+Gardening,  1990-present

– Trading PHIL Stock Market, 2007-present

To Do:

– Climb Mt. Apo, Mt. Banahaw, Mt. Pinatubo, etc…,

– Scuba Dive @ Tubataha Reef

– Subterranean River Boating, Palawan

– Bungee Jumping

– Sky Diving

Have Done:

– Climb Mt. Hibok-hibok, Camiguin Is. (Station of the Cross, Nov 18, 2011)

– White Water Rafting, CDO (Nov 17, 2011)

– Climbed(partially) Mt. Makiling (June 2010), Mt. Mayon (June 2011)

– Viewed SIAM Cultural Show, Experienced Fully Naked Body Massage (THAILAND, Dec 2010)

– All Terrain Vehicle Mountain Trip (Foot of Mt. Mayon, June 2011)

– Zip Lining (Lignon Hill Nr. Mt. Mayon, July 2011)

– Viewed Panagbenga 2011 (Baguio City)

– PHIL Longest Bridge Walk (2.16kMx2way), San Juanico Bridge, Samar-Leyte (Jun 2010)

– Scuba Diving in the FLOOD (Ondoy Flood 2009) 😛

– Open Water Scuba Diving (Qatar, 2006-2009)

– Inter-Island Long Swim, +1Km (Qatar, 2009)

– 10pin Bowling +210pinfall (Qatar, 2009)

– Public Speaking, Toastmasters (Qatar, 2008-2009)

– Joined Public Speaking Contest (Qatar, 2008)

– Traded FOREX Market (2007)

– Learned Basic BALLROOM Dancing (Chacha, Boogie, Tango, Swing), (Qatar, 2007)

– Dessert Hi-way Driving , +210kph (Qatar, 2006 – pre overspeeding radar days)

– Marathon, 42kM (PHIL, 2004), 5hrs!

– Climbed Mt. FUJI(Fuji-san) +2300m, (JaPaN 2002)

– 16km Underwater Tunnel long drive (JaPaN, 2001)

– Disneyland/Disneysea Adventure (JaPaN 2001)

– Rode Bullet Train (JaPaN 2001)

– Wind Surfing (Mindoro, 2000)

– Practical Target Shooting, live ammo (PHIL, 1996-2004)

– Kayaking + Snorkelling (many times and places)





38 Steps to becoming a Succesful Trader

2 09 2011

They are as follows:

1. We accumulate information – buying books, going to seminars and researching.

2. We begin to trade with our ‘new’ knowledge.

3. We consistently ‘donate’ and then realise we may need more knowledge or information.

4. We accumulate more information.

5. We switch the positions we are currently following.

6. We go back into the market and trade with our ‘updated’ knowledge.

7. We get ‘beat up’ again and begin to lose some of our confidence. Fear starts setting in.

8. We start to listen to ‘outside news’ and to other traders.

9. We go back into the market and continue to ‘donate’.

10. We switch positions again.

11. We search for more information.

12. We go back into the market and start to see a little progress.

13. We get ‘over-confident’ and the market humbles us.

14. We start to understand that trading successfully is going to take more time and more knowledge than we anticipated.

MOST PEOPLE WILL GIVE UP AT THIS POINT, AS THEY REALISE SERIOUS WORK IS INVOLVED.

15. We get serious and start concentrating on learning a ‘real’ methodology.

16. We trade our methodology with some success, but realise that something is missing.

17. We begin to understand the need for having rules to apply our methodology.

18. We take a sabbatical from trading to develop and research our trading rules.

19. We start trading again, this time with rules and find some success, but over all we still hesitate when we execute.

20. We add, subtract and modify rules as we see a need to be more proficient with our rules.

21. We feel we are very close to crossing that threshold of successful trading.

22. We start to take responsibility for our trading results as we understand that our success is in us, not the methodology.

23. We continue to trade and become more proficient with our methodology and our rules.

24. As we trade we still have a tendency to violate our rules and our results are still erratic.

25. We know we are close.

26. We go back and research our rules.

27. We build the confidence in our rules and go back into the market and trade.

28. Our trading results are getting better, but we are still hesitating in executing our rules.

29. We now see the importance of following our rules as we see the results of our trades when we don’t follow the rules.

30. We begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear) and we begin to work on knowing ourselves better.

31. We continue to trade and the market teaches us more and more about ourselves.

32. We master our methodology and our trading rules.

33. We begin to consistently make money.

34. We get a little over-confident and the market humbles us… yet again!

35. We continue to learn our lessons.

36. We stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading account continues to grow as we increase our capital base.

37. We are making more money than we ever dreamed possible.

38. We go on with our lives and accomplish many of the goals we had always dreamed of.

Most traders will identify with this list and should be able to place themselves within these steps. Keep in mind that very few people progress through these steps in an orderly fashion. Developing your trading skills is an iterative process. For example, you may reach Step 13., find that although you were making money, your basic premise for trading was flawed  (you might have been benefiting from the bull market, rather than your own trading prowess and then have been rudely awakened when the market entered a bear phase) and you may drop back to Step 4. and start ‘climbing’ the steps again. Having the proper mindset, attitude and psychological makeup becomes increasingly important as you progress through the steps. The focus of the earlier steps is on external issues, i.e. developing proficiency in the mechanics of trading while the focus of the latter steps (particularly from Step 30, on) is on internal issues, i.e.  improving ourselves mentally and psychologically, maturing as traders.