Actuary.Net Actuarial News Site Announced

Written by Claude Penland, ACAS, MAAA


Actuary.NET is proud to announcerepparttar creation ofrepparttar 112422 industry’s first global actuarial news source at www.actuary.net . Designed in a daily blog format, it includes public press releases about actuaries who have switched employers or been promoted.

It also provides daily actuarial professional news -- these include actuarial exam changes, long-range actuarial society plans and many others. Additionally, there are employment-related discussions and a variety of references to actuaries found throughoutrepparttar 112423 web.

Accountability In Trading

Written by Harvey Walsh


I recently heard from a trader who told me he has been having problems with discipline in his day trading. He knows how to trade, he knowsrepparttar setups he needs to be looking for inrepparttar 112421 charts, when to enter, and when to exit. His trouble is in havingrepparttar 112422 discipline to wait for only those setups and not to take half baked trades inrepparttar 112423 meantime.

This is a very common problem for traders, I imagine everyone goes through it at some stage in their career. In working with student traders overrepparttar 112424 years, I have noticed a phenomenon that I think explains one ofrepparttar 112425 reasons for this lack of discipline. When I watch student traders trade, they tend to sit very patiently and explain to me what they are seeing onrepparttar 112426 chart in front of them. When they see a valid setup come along, they can quite happily tell me whatrepparttar 112427 setup is and how they plan to trade it, and subsequently they will executerepparttar 112428 trade accordingly. Whenrepparttar 112429 same student is trading alone, they start taking all sorts of off-plan trades, setups that aren’t really setups at all. It seems thatrepparttar 112430 difference when trading alone, is thatrepparttar 112431 trader suddenly has no accountability. If they have someone looking over their shoulder keeping them in check, everything is fine. They know that if they take an off-plan trade then they will have to explain to me why they did so when it all goes horribly wrong. Trading at home alone,repparttar 112432 trader is accountable only to themself, and they are probably not going to give themselfrepparttar 112433 same hard time I would if they didn’t follow their trading plan torepparttar 112434 letter!

So it seems that one ofrepparttar 112435 benefits of trading for a living, that independence fromrepparttar 112436 boss, can actually be a hindrance at times. Short of hiring a manager

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