Archives of “February 2019” month

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5 Wisdom Quotes For Traders

  
  Education
  • Risk Control -“Don’t concentrate too much of your money on one big trade or group of highly correlated trades.  Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on.”
  • Losing Streak – “You have to work very hard to restore that confidence and cutting back trading size helps achieve that goal.”
  • “I don’t think you can consistently be a winning trader if you’re banking on being right more than 50% of the time.  You have to figure out how to make money being right only 20%-30% of the time.
  • These traders have tremendous commitment to the markets–to their craft, so to speak.  They develop scenarios, reevaluate scenarios, collect information, and reevaluate that information.  They constantly ask themselves: What am I doing right? What am I doing wrong?  How can I do it better?
  • “So many people want the positive rewards of being a successful trader without being willing to go through the commitment and pain.  And there’s a lot of pain.”

How to stop overthinking everything

  
  Education
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What is holding people back from the life that they truly want to live?

I’d say that one very common and destructive thing is that they think too much.

They overthink every little problem until it becomes bigger and scarier and it actually is. Overthink positive things until they don’t look so positive anymore.

Or overanalyze and deconstruct things and so the happiness that comes from just enjoying something in the moment disappears.

Now, thinking things through can be a great thing of course. But being an overthinker can result in becoming someone who stands still in life. In becoming someone who self-sabotages the good things that happen in life.

 I know. I used to overthink things a lot and it held me back in ways that weren’t fun at all.

But in the past 8 years or so I have learned how to make this issue so small that it very rarely pops up anymore. And if it does then I know what to do then to overcome it.

In this article I would like to share 9 habits that have helped me in a big, big way to become a simpler and smarter thinker and to live a happier and less fearful life.

1. Put things into a wider perspective.

It is very easy to fall into the trap of overthinking minor things in life.

So when you are thinking and thinking about something ask yourself:

Will this matter in 5 years? Or even in 5 weeks? (more…)

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