Really enjoying life This week again : VAR, VAR, VAR. Always var. Nice way to drill this risks aspects.
Burning Money. I am thinking, let's say one , by some miracle made a huge amount via trading. And attracts very undesirable people. How would things go should this money be simply burned? In 1994, 1 million quids were burned. This would be todays at least 10 million quids burned. <iframe width="640" height="360" src="https://www.youtube.com/embed/i6q4n5TQnpA?feature=player_detailpage" frameborder="0" allowfullscreen></iframe>
<iframe width="640" height="360" src="https://www.youtube.com/embed/q33LPpx0QsY?feature=player_detailpage" frameborder="0" allowfullscreen></iframe> the burning of 1 million quid.
burning money ( 800 million $) to keep warm ... interesting <iframe width="640" height="360" src="https://www.youtube.com/embed/pAkrjWe0myo?feature=player_detailpage" frameborder="0" allowfullscreen></iframe>
if it hurts to see millions or who knows billion burned or walking away... this is a clear sign of the need of some serious Mental and Spiritual help. wAlways best to Wish good luck to money. At the end ... serious blessed effort is always rewarded. God works in mysterious ways. <iframe width="640" height="360" src="https://www.youtube.com/embed/pcRqH1sCmLo?feature=player_embedded" frameborder="0" allowfullscreen></iframe>
I am quiet amazed at trading: - good preparation + mental and spiritual well being + low var risk = creation of money with excellent returns, including on hourly basis. LOL. - bad preparation + unhealthy mental and spiritual + high var risk = sure way to destroy money in very fast way. burk. This looks so counter-intuitive. the lower the risk, the better the return in trading. And actually the belief high risk means high rewards is not true in trading.
and actually it all comes down to the psychology ( mental and spiritual well being). Bad psychology, leads to high risk that includes bad preparation. so obvious now.