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08.01.2016
Almost all traders have a career as a business owner or employee before they become a trader with a large account or trade for a living. I have seen so many people buy a house where they want to live and then commute by car to where they have to work. For traders picking your life partner can have the biggest impact on your ability to ever trade. You have to resist the urge to spend your trading capital when it is small so it will be around to compound. If you ignore the 1%  maximum trading capital lost per trade then you will blow up your small accounts over an over. Getting to a meaningful amount of capital to trade with means we have to make a long string of good decisions to get there. After a lifelong fascination with financial markets, Steve Burns started investing in 1993, and trading his own accounts in 1995. To change things up from my regular posts, I decided to write instructions on how to make a simple catapult. When finished, I found that the best items to launch from this type of catapult was mini marshmallows commonly found for a few dollars at a grocery store. I chose a simple design that would be easy for the boys to follow and would allow plenty of time to launch marshmallows at a target.


Step 2 – Tie another rubber band tightly around the opposite end so all 7 sticks are bound together. Step 4 – Insert the 7 sticks banded together through the 2 stick bundle as shown in the illustration below.
If these instructions helped you in anyway, please leave me a comment or link to this page so others can find these instructions as well.
It is crucial that a trader work very hard at something initially and build value there so they can get paid enough money for their work to have the ability to save some of it.
The expense of gasoline can be a huge drain on your personal finances if you have a long commute while you are an employee. If you do not have a supportive spouse then you will not be able to trade, if you have a spend thrift spouse they will convert your profits into consumer goods quicker than you can make them. I know of many people when they were young that when changing  jobs they cashed out their tax deferred accounts and took the penalty hit and tax hit then spent it when they were relatively young.  I told them that they could  turn that 5 figure account into a six figure account given enough years of compounded returns but they spent it.
If you think that the 1% rule is too small and you want to risk losing more than that per trade then the problem is not with the rule it is due to the fact that your account is just too small and your account needs to get big enough where the rule gives you a meaningful amount of capital to risk. Most traders have already proven their ability to manage their mind, money, and methods to build their trading capital to begin with most that come into their capital too easily don’t keep it for very long trading.
I’m a Den Leader for my local Webelos cub scouts group and we are working on the engineering activity badge.


Many designs (including the one provided in the scout handbook) were fairly complex and would require a long time to built.
If you can’t even be a top notch employee first and learn some valuable lessons then you have little chance of being your own boss as a trader. If it is possible it is very beneficial to live as close as you can to your job so you don’t burn all your potential trading capital in your gas tank. They absolutely love decorating them with felt pens, and shooting off anything they think won’t put an eye out. This catapult can be used as a craft idea for kids on a slow weekend or it can be used as a school project.
After following these instructions, it only took the scouts about 10 minutes to complete everything and start participating in trying out their new catapult.



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