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Appraising Your Trading Relationship To Pride

  
  Education
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1.Does your self -esteem rise and fall with your latest trading ?

2.Have you ever taken a trade just to prove your ability as a trader ?

3.Do you brag about your winning trades to others ?

4.Do you try to hide your losing trades from others ?

5.Do you ever make up false stories about your trading to impress others ?

6.Do you worry about what other people think of you as a trader ?

7.Make an honest self-assessment of your trading.

8.Compliment yourself and give yourself credit when you do something right.

9.When you make a mistake or do something that doesn’t serve  your trading ,plan how you will correct this tomorrow or in the future.Say to Yourself ,”That’s not like me.I can do better.”

10.Notice your improvement and commit to doing better each day ,week ,month and Year.

Trading Wisdom – Paul Tudor Jones

  
  Education
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Paul Tudor Jones
Turned $1.5 million into $300 million in five years
“That cotton trade was almost the deal breaker for me. It was at that point that I said, “Mr. Stupid, why risk everything on one trade? Why not make your life a pursuit of happiness rather than pain?”
I had to learn discipline and money management. I decided that I was going to become very disciplined and businesslike about my trading. I spend my day trying to make myself as happy and relaxed as I can be.
If I have positions going against me, I get right out; if they are going for me, I keep them. I am always thinking about losing money as opposed to making money. Risk control is the most important thing in trading. I keep cutting my position size down as I have losing trades.

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A Growth Job

  
  Education
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  • Is never permanent.
  • Makes you like yourself.
  • Is fun.
  • Is sometimes tedious, painful, frustrating, monotonous, and at the same time gives a sense of accomplishment.
  • Bases compensation on productivity.
  • Is complete: One thinks, plans, manages and is the final judge of one’s work.
  • Addresses real need in the world are large – people want what you do because they need it.
  • Involves risk-taking.
  • Has a few sensible entrance requirements.
  • Ends automatically when a task is completed.
  • Encourages self-competitive excellence.
  • Causes anxiety because you don’t necessarily know what you’re doing.
  • Is one where you manage your time, money and people, and where you are accountable for specific results, which are evaluated by people you serve.
  • Never involves saying Thank God It’s Friday.
  • Is where the overall objectives of the organizations are supported by your work.
  • Is where good judgment is one, maybe the only, job qualification. 
  • Gives every jobholder the chance to influence, sustain or change organizational objectives.
  • Is when you can quit or be fired at any time.
  • Encourages reciprocity and and parity between the boss and the bossed.
  • Is when we work from a sense of mission and desire, not obligation and duty.
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