This link above is what I’ve found to be a useful template for making one’s real-world routine. I know these are a dime a dozen, I’ve read them all. With a section on implementation, this article also helped solidify the vague, too often cliché advice mostly given. The simple idea of keeping an excel spreadsheet proves excellent for automatically organizing what would be reams of paper, or worse, mental notes that never get inked. Not everything on this list was groundbreaking, but anybody looking for a quick article that has everything perfectly tailored to their life already probably isn’t that serious about working towards self-improvement, now, are they? I’ll put my favorite step below, even though it has been said many times over:
“I started this habit at a half hour a day. Recently I’ve started reading about an hour a day and am burning through books. With a constant flow of information in, you increase your ability for information to flow out (applying knowledge to your life)”
Mark Cuban’s Idiot’s Guide to High Frequency Trading
A really easy way to understand what all of the hype about high frequency trading (HFT). Basically, they get the information milliseconds before everyone else and likewise can act that much faster. It really is cheating. I’ve picked a quote from the article that sums it up pretty well, but the whole thing is worth reading.
“IMHO, this is the definition of High Frequency Trading. Taking advantage of an advantage in speed and algorithmic processing to jump in front of trades from slower market participants to create small guaranteed wins millions of times a day. A High Frequency of Trades is required to make money.
There in lies the problem. This is where the game is rigged.
If you know that by getting to the front of the line you are able to see or anticipate some material number of the trades that are about to happen, you are GUARANTEED to make a profit. What is the definition of a rigged market ? When you are guaranteed to make a profit.”