Sunday, October 26, 2008

The Law of Infinity

I was having a conversation over lunch with a friend of mine recently.  He asked if I believe in the concept of ‘infinity’ in mathematics.  Since I thought I understood a few infinity-related equations, back in High-School, my answer was ‘Yes, of course!’

So he asked…

If I have to travel from 0 to a 100 meter mark, I have to first past the half way point, 50 meter mark, in order to get to the 100 meter mark.  To determine the half way point, I would simply divide 100 by 2.  Standing at the  50 meter mark, now, if I have to reach the 100 meter mark, I would have to first past the half way point of, ((100-50)/2)+first50meter= 75 meter mark, in order to reach the 100 meter mark. 


Now if the concept of infinity is… legit/valid/true, I would never reach my destination because I will be continuing my ‘dividing’ up to the infinity!



Putting the law of mathematics aside, what I got from my friend’s question is…

1)      If you don’t start your mission, you will never reach your goal no matter how poorly you are doing with your mission.  In my case, it will be Daytrading, or just trading in general.

2)      More importantly, if your goal seems to be un-reachable (like Trading, in my case), almost like an infinity, think about setting sub-goals that will lead  you towards your ultimate goal. Even you may still never get there, but it will at least bring you closer, and closer, and closer, and closer. 

Your thoughts?

Pulse Check... ... ... ...

Yes, I’m still here! 

I have people emailing me asking if I have ended my closet-daytrading career?  More importantly, my sponsor – the one who shared his lottery fortune by providing me with the necessary trading capital, has recently asked, during my son’s 1-year old birthday party, if I am to continue my trading. 

So I think it’s time for me to provide my readers with an update. 

First and foremost, I have not given up closet-daytrading yet!  I wouldn’t say I’m still in the game because I haven’t.  But I do still see myself as a student of trading.  In the past few months, I have continued to study trading by reading books and blogs.  The only thing that I haven’t been doing is the actual paper trading.  Come to think of it, it has been more than 1 year since I last paper traded.  And the reason I stopped paper trading was because of me being a first-time Dad.  Now that my son is a year old, I think it’s time for me to pick it up again.  Therefore, I’m excited to announce that… I’m back!