Justice "Jack" Litle

Web Site: http://mercenarytrader.com


What Are We Looking To Build in a Trading Community (and Message Forum)?

July 30, 2015

There is a lot happening at Mercenary Trader in the next few weeks. We are getting ready to kick off the “Mercenary Forum”… and two brand new websites… and a suite of new trader’s tools, and new architecture for our Driver’s Manual educational materials… and some other great stuff on top of that too....
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Baby Got Black (Swan)

January 21, 2015
Slider Risk Management

I like... fat... tails and I cannot lie... you vol sellers can't deny...
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SpaceX Shows How Failure Creates Success

January 20, 2015
Slider Inspiration & Insight

Here is what winners understand, deep down in their gut, that the mediocre masses don't: Failure paves the road to success.
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An Illustrated Metaphorical Difference Between Skilled Traders and Mutual Fund Managers

January 12, 2015
Slider Inspiration & Insight

In metaphorical terms — if the typical mutual fund is a lumbering city bus, the capital deployment of a truly skilled trader is more akin to this...
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Why Do We Bother Publishing (and Selling) Our Research?

October 23, 2014
Slider Psychology Emotion & Process

As traders, why do we bother publishing (and selling) our research? In fact, why do we bother selling anything? Why don't we just "quietly trade" and keep our heads down?
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Not Even Wrong: Why Data-Mined Market Predictions Are Worse Than Useless

September 11, 2014
Slider-Economics-and-Theory

The only way to avoid getting fooled by spurious data or superficial thinking is to put real elbow grease into truly understanding what drives markets and why...
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Be True To Yourself

August 28, 2014
Slider Inspiration & Insight

What is the biggest life mistake you can make? Short of getting yourself killed, what is the one thing you want to avoid doing?
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Profound Parallels Between Sports and Trading

August 20, 2014
Slider Psychology Emotion & Process

Dobel's piece, "Let the Game Come to You," though not about trading, contains some of the most profound trading truth I've ever seen...
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On the New Issues Market

August 14, 2014
Slider Trading Wisdom

"The new issues market has as much nobility as the Fulton Fish Market in the noonday sun when the cobblestones are littered with the carcasses of overripe flounder that didn't sell that morning."
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Who Are You Hanging Out With?

August 7, 2014
Slider Psychology Emotion & Process

I'm a great believer in "you become who you hang with." As Tony will say, the quality of your life is a direct reflection of the expectations of your peer group. ~Peter Sage
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On Form and Technique (in Poker and Trading)

August 6, 2014
Slider Poker & Trading

Diligent commitment to form and technique is the true path to mastery. Here we reflect as to why...
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No, Actually, the “World’s Greatest Trader” Would Crush the S&P to Powder

July 31, 2014
Slider Inspiration & Insight

A popular columnist recently suggested the "world's greatest trader" wouldn't even beat a passive indexer over the long term because of tax issues. This argument is so insulting, and so out of whack in respect to real trading, it spurred the following rant...
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Sometimes It Takes Years

July 30, 2014
Slider Trading Wisdom

Success can take longer than we think, and overnight sensations are years in the making. If signs of internal progress are present, press forward.
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Don’t Sell Your Soul (to an Investment Bank or Anyone Else)

June 4, 2014

Why was the investment banking path, as brutal and dehumanizing as it is, so popular for so long among Ivy League high achievers? My theory: It was more about self-esteem than money...
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If you want to be Tarantino, watch a lot of movies

May 13, 2014

If you want to be the next Tarantino, watch a lot of movies. And don’t just watch them, be hyper-attentive about rating them, reviewing them, and so on.
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