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c
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WhiteKnight, I think those are really good rules for trading. :)

I wanted to comment on “latent sociopathic tendencies”. In the Diagnostic and Statistical Manual of Mental Disorders (DSM: IV) the rates of Antisocial Personality Disorder (male) and Boardline Personality Disorder (female) is about 1.4%. Most people with APD and BPD are imprisoned by 40 years of age so they are usually out of circulation. People with APD and BPD can be quite frightening but so are many people with a serious mental illness that include delusion.

If you want to learn about the people that really freak me out, read Obedience of Authority: The Experiment That Challenged Human Nature by Stanley Milgram. Learn the percentage of “normal” people willing to electrocute you to death, if an authority figure says its okay to do so: http://en.wikipedia.org/wiki/Milgram_experiment.

When I learned about this study my first question was not the characteristics of the people that did the electrocuting but the character of the people that didn’t… That was one scary experiment.

“Milgram summarized the experiment in his 1974 article, “The Perils of Obedience”, writing:

The legal and philosophic aspects of obedience are of enormous importance, but they say very little about how most people behave in concrete situations. I set up a simple experiment at Yale University to test how much pain an ordinary citizen would inflict on another person simply because he was ordered to by an experimental scientist. Stark authority was pitted against the subjects’ [participants’] strongest moral imperatives against hurting others, and, with the subjects’ [participants’] ears ringing with the screams of the victims, authority won more often than not. The extreme willingness of adults to go to almost any lengths on the command of an authority constitutes the chief finding of the study and the fact most urgently demanding explanation.

Ordinary people, simply doing their jobs, and without any particular hostility on their part, can become agents in a terrible destructive process. Moreover, even when the destructive effects of their work become patently clear, and they are asked to carry out actions incompatible with fundamental standards of morality, relatively few people have the resources needed to resist authority.”