Week 20: Tools of Titans

I purchased “Tools of Titans” by Tim Ferriss last week and when it arrived I wasn’t quite sure what to make of it. My immediate first impression was “this book is huge”, however, its actually been an enjoyable read and I’ve definitely picked up some useful tips and tricks from it. I’ve been a fan of Tim Ferriss books since “Four Hour Workweek” and I’m also a regular listener of his podcast. I had a feeling that his latest work would deliver.

Tools of Titans is like a clear and concise summary of his podcast interviews and more. Each guest is categorised under the headings – Healthy, Wealthy and Wise.

The Healthy section provides everything you need to know about weight loss, exercise routines and diet from world renowned personal trainers, strength and conditioning coaches, doctors and nutritionists. The Wealthy section has tips and advice from startup founders, early stage investors and venture capitalists. For those looking for more brain food, the Wise section has some great quotes from great thinkers and is a mix of motivation and philosophy to help give you a different perspective on life.

The layout of the book may be unconventional but it works. Each chapter gives a brief profile of each guest along with specially selected nuggets of information. There are also chapters that are dedicated to specific topics. Each guest profile may be 3-4 pages but it’s enough to get some solid ideas for further research.

I would recommend this to anyone interested in the tactics, routines and habits of world class performers.

Thoughts on the Trading Week

Global markets put in a large range this week so it was a good environment for trend followers and breakout traders. I don’t really enter on markup/markdown phases as my entries are usually earlier (in the consolidations) so it was all about being patient for me this week and waiting for the cycle to end.

The origins of some of the moves happened last week and one trade that could have held onto was the USDCHF short that I took last week as my return would have doubled because it continued its downward move based on a weakening dollar.

Overall, I believe I traded the week pretty well. There were no surprises and it was all about patience. There were no major algo changes so I spent a lot of the week reading and exploring new ideas.

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