The first is quite common. Learn to play the notes as written. Move asymptotically toward perfection. Practice your technique and your process to get yourself ever more skilled at doing it (whatever 'it' is) to spec. This is the practice of grand slalom, of arithmetic, of learning your lines or c++.
The other kind of practice is more valuable but far more rare. This is the practice of failure. Of trying on one point of view after another until you find one that works. Of creating original work that doesn't succeed until it does. Of writing, oration and higher-level math in search of an elusive outcome, even a truth, one that might not even be there.
We become original through practice.
We've seduced ourselves into believing that this sort of breakthrough springs fully formed, as Athena did from Zeus' head. Alas, that's a myth. What always happens (as you can discover by looking at the early work of anyone you admire), is that she practiced her way into it.
"The cost of machines, even sophisticated ones, has fallen significantly in recent years, dropping 40 percent since 2005, according to the Boston Consulting Group. Labor, meanwhile, is getting expensive, as some cities and states pass laws raising the minimum wage."
four 5,087 posts msg #140158 - Ignore four modified
12/16/2017 10:10:23 PM
BIIB Stock Trade Idea, November 22, 2017
The Bet: Sell BIIB Jan 2018 $270 put for $2.40. This is a bullish trade which does not require a rally to profit. Here I have an 85% theoretical chance of success. But I would accrue losses below $267.60.
Selling naked puts carries big risk, especially for a stock as frothy as BIIB. For those who want to mitigate it, they can sell a spread instead.
The Alternate Bet: Sell the BIIB Jan 2018 $275/$270 credit put spread where my risk is limited. Yet if the spread wins, it would deliver 12% in yield.
four 5,087 posts msg #140357 - Ignore four modified
12/23/2017 9:05:19 PM
https://vantagepointtrading.com/free-ebooks/
A short list ( others are listed ! )
Nassim Nicholas Taleb
Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay
Technical Analysis from A to Z
Day Traders Bible – My Secrets of Day Trading by Richard D. Wyckoff
Calming The Mind So The Body Can Perform by Robert M. Nideffer, Ph.D.
How George Soros Knows What He Knows, Towards a General Theory of Reflexivity
How I Made $2,000,000 in the Stock Market by Nicholas Darvas
Reminiscences of a Stock Operator – A true classic.
Market summary > Bitcoin Investment Trust
OTCMKTS: GBTC - Jan 10, 4:47 PM EST
1,961.00
decrease199.00 (9.21%)
Unfortunately, due to the fact it's currently the only bitcoin trust of its kind out there for investors, traders have driven the price of the GBTC way above the value of the bitcoin it holds. In fact, the GBTC trust has consistently traded at a 50 percent premium to its assets under management.
It’s easy for investors to calculate this premium on their own. Each share of the GBTC trust represents ownership of 0.0919 bitcoin. The current price of bitcoin is $16,694, which means a single share of the GBTC trust represents $1,534 worth of bitcoin at today’s price. However, the GBTC is currently trading at $2,611 per share.
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