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10 Life Lessons We Learn Too Late

  
Analysis, Education
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What Are the Lessons People Often Learn Too Late in Life?

1. Time passes much more quickly than you realize.

2. If you don’t take care of your body early then it won’t take care of you later. Your world becomes smaller each day as you lose mobility, continence and sight.

3. Sex and beauty may fade, but intimacy and friendship only grow.

4. People are far more important than any other thing in your life. No hobby, interest, book, work is going to be as important to you as the people you spend time with as you get older.

5. Money talks. It says “Goodbye.” If you don’t plan your finances for later in life, you’ll wish you had.

6. Any seeds you planted in the past, either good or bad, will begin to bear fruit and affect the quality of your life as you get older — for better or worse.

7. Jealousy is a wasted emotion. People you hate are going to succeed. People you like are going to sometimes do better than you did. Kids are going to be smarter and quicker than you are. Accept it with grace.

8. That big house you had to have becomes a bigger and bigger burden, even as the mortgage gets smaller. The cleaning, the maintenance, the stairs — all of it. Don’t let your possessions own you.

9. You will badly regret the things you didn’t do far more than the things you did that were “wrong” — the girl you didn’t kiss, the trip you didn’t take, the project you kept putting off, the time you could have helped someone. If you get the chance — do it. You may never get the chance again.

10. Every day you wake up is a victory.

Murphy's Laws

  
Analysis, Education
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  • If there is a possibility of several things going wrong, the one that will cause the most damage will be the one to go wrong.
  • If there is a worse time for something to go wrong, it will happen then.
  • If you perceive that there are four possible ways in which a procedure can go wrong, and circumvent these, then a fifth way, unprepared for, will promptly develop.
  • If everything seems to be going well, you have obviously overlooked something.
  • Nature always sides with the hidden flaw.
  • Whenever you set out to do something, something else must be done first.
  • Every solution breeds new problems.
  • Enough research will tend to support your theory.
  • When there is a very long road upon which there is a one-way bridge placed  at random, and there are only two cars on that road, it follows that: (1) the two cars are going in opposite directions, and (2) they will always meet at the bridge.

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Challenges/Rewards

  
Analysis, Education
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CHALLENGE

Getting attention.

REWARD

Barrier to entry nonexistent.

CHALLENGE

Getting publicity.

REWARD

Publicity is nearly irrelevant and the means of spreading the word are at your fingertips.

CHALLENGE

Making money.

REWARD

Successful artists are making more money in adjusted dollars than they ever were, just not as much as bankers or techies. Furthermore, there are many avenues of revenue. Endorsements, merch, privates…and live pays better than ever before.

CHALLENGE

Only Top Forty counts/can make you go nuclear. (more…)

Mistakes -Traders Must Read

  
  Education
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  • A mistake means not following your rules. If you don’t have rules, everything you do is a mistake.
  • It is much better to trade a lower-scoring SQN system that fits you than a higher-scoring SQN system that doesn’t fit you.
  • You are responsible for everything that happens to you. When you understand this, you can correct your mistakes. We call this respond-ability.
  • Repeating the same mistake over and over again is self-sabotage.
  • A trader who makes one mistake in 10 trades is 90 percent efficient; that 10 percent drop in efficiency could be enough to make him/her a losing trader.

My mind has to be free…

  
  Education
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To execute trades without making mental errors you have to be free of thinking that “this trade will be a winner”. The typical trader expects “this trade” to be a winner, or why would they take it, right? But, you can’t think this way if you want to make consistent money. Once you start expecting each trade to win, you become emotionally attached to it, when as you should know by now, it is not any ONE trade that matters, but the overall series of trades and your ability to remain disciplined over that series that matters.

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