Monthly Archives: July 2012

Part time shorting, AKA how to completely screw up and make $500 bucks..

At times it is borderline amazing how with a little education, studying and hard work how ridiculously “easy” shorting pennystocks is. I spotted a break down in $OREX and decided to go short a couple thousand shares with the intention of holding a few days. After getting bored and seeing roughly $600 in profits I decided to cover yesterday morning. After getting filled I profited $464. Which was a complete and utter failure of execution.

Notice the annotated chart below you will see two circles. My entry and exit. Then follow the chart into today, you will see I gave up at least $1000 MORE in additional profits. Don’t get me wrong I’m not crying about making $500 in 10 minutes of work. I’m just trying to point out how highly lucrative shorting pennystocks can be! Especially when you consider the extremely low time commitment.

Seth’s Blog: Unanimous is not an option

When you do important work, work that changes things and work that matters, it’s inconceivable that the change you’re trying to make will be met with complete approval.

Trying to please everyone will water down your efforts, frustrate your forward motion and ultimately fail.

The balancing act is to work to please precisely the right people, and just enough of them, to get your best work out the door.

Shun the non-believers.

via Seth’s Blog: Unanimous is not an option.

Seth’s Blog: Strategy matters more than ever

When everyone is playing the same game, your execution is critical. Your store is like their store, your bread is like their bread, so we care very much about the care and skill you put into your product or service.

Of course, that still matters, but the revolution of the web means that the way you go to market, the structure of your offering, the model of your business–these are sufficient to cause you to lose, regardless of how you play the game. (And able to give you a huge post if you plan right).

Sam Walton was a huge success, largely because he developed a new retail strategy, not because he was better at running a store than anyone else. Local bookstores are in trouble, not because they don’t work hard or care a lot, but because they are saddled with expenses that used to be smart (rent for a local storefront) in a world where they are merely ballast.

Running a business with the wrong strategy in the wrong place at the wrong time is possible, but it’s an uphill battle. The alternative is to think very hard about your model, your costs and the benefits you offer to the people you’d like to serve.

You could change from a product to a service offering, from free to expensive, from low service to high service, from storefront to web, from large to small, from spam to permission, from acquiring new customers to delighting old ones, from wide open to invitiation only, from dirty to green, from secret to transparent, from troll to benefactor, from custom to mass, or for any of these, vice versa.

Not changing your strategy merely because you’re used to the one you have now is a lousy strategy.

via Seth’s Blog: Strategy matters more than ever.

» the minimalism of not knowing :mnmlist

These days, nearly everything we want to know is a few keystrokes away, almost instantly gratifying our desire to know something.

What’s the weather like outside? Do a quick check of your weather app. Who the heck is Gabriel Garcia Marquez? Ask Wikipedia. Who is the lead boy actor in Wes Anderson’s Moonrise Kingdom? Search Google, Reddit, Facebook, Twitter, et al will tell you anything you want to know, right now.

Isn’t that incredible? Just 20 years ago, that was unthinkable. If you wanted to know something, you might turn on the TV and hope to get lucky, or look in your encyclopedias (if you had them) and hope to get lucky, or go to the library and hope to get lucky. Most of the time, you had to settle on not knowing.

One of the things I’ve noticed from turning off my computer periodically throughout the day (I work in 30-minute chunks), is that when the computer is off, I often think of a question I want answered — and my first instinct is to go to the computer and search. I’d know in like 4 seconds!

But then I pause, and examine that urge. Is it a true need, to know right now? Can I not wait 30 minutes, or even a few hours, or a day? Of course I can. It’s not a matter of life or death, or national security, or anything important really.

And so I stop myself, and make a note to look it up later. Then I notice something else interesting: not knowing is a strange phenomena to me, now. Not knowing is something I am not familiar with. OK, sure, there are a gazillion things I don’t know, every moment of my life, but when I want to know something, I will usually know, really really quickly. Now I don’t know something I want to know, for at least half an hour, sometimes more.

And then I realize: this is a strange freedom. Not knowing something means I am walking around blind, without a direct path, and I must live with that, work with that. It’s interesting. It’s a different way of living. How our ancestors must have lived! (Or, you know, me in the early 90s.)

Not knowing isn’t bad. It’s just different. And really, I think there’s something minimalist about it. Let’s let go of the need to know, every second of the day, and let our minds wander around in the dark for abit.

via » the minimalism of not knowing :mnmlist.

Export Nation: Does A Tipping Point Approach? |

Interesting for sure:

Small business formation may coalesce around export sectors. In export heavy regions such as the Pacific Northwest and The Gulf Coast, jobs may boom. Entrepreneurship may also gravitate towards the export economy, and if you can believe it MBA holders may increasingly find better opportunities in the world of “real goods” than on Wall Street.

via Export Nation: Does A Tipping Point Approach? |

How to Overcome Failure –

The astrophysicist Neil deGrasse Tyson has never liked this view. “I hardly ever use the word intelligence,” says Mr. Tyson, who directs the Hayden Planetarium in New York. “I think of people as either wanting to learn, ambivalent about learning or rejecting learning.” He speaks from experience: As a young man, he was booted from one doctoral program but managed to get into another and complete his Ph.D.

via How to Overcome Failure –

Ideas via exercise

I don’t think I have had a single great idea that has NOT come to me during exercise in the last 2 years. Its borderline amazing, just by running some sprints and swining some KB’s in the heat today I had two very solid and exciting ideas come to me, almost in a divine inspiration like manner.

Its surprising to me that I struggle at times to maintain consistent workout schedules when the benefits are incredible.

Hmm, perhaps another book idea brewing….