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Trading is all about YOURSELF

lgBelieveInYourselfTrading has to do a lot with yourself. Trading is not about the market.

You have to get your emotion and psychology right before you go to trade. Without the good emotion or feeling of the day, you will be most likely be losing during that day.

Do Not Trade, If …
– You cannot afford to lose the money. (Prepare to lose)
– You have a Bad day (quarrel with wife/child/boss).
– You are Sleepy
– You are Not comfortable in trading
– Technology failed You

Do not be afraid that you will lose the opportunity for the ride up or down. There are plenty of opportunity out there in the market everyday.

Remember: If you trade, you will lose money. If you don’t trade, at least you wont lose money.

The funny thing that i found out … People will lose money if they care about their money but people will make money if they don’t care about the money.
Get yourself right first and the money will come to you.

10 Powerful Psychological Traits of the Rich Trader

Ten Powerful Psychological Traits of the Rich Trader

  1. They have the ability to admit they were wrong and get out of a trade. They know the place where price proves them wrong.
  2. They have the ability to not only close a losing trade but reverse and go in the other direction when it is called for.
  3. The rich trader is not trying to prove anything about themselves they are focused on making money.
  4. They do not fall in love with an idea, currency, commodity, or stock they will make trades based on price action.
  5. Rich traders know that the market action is their ultimate boss regardless of their opinions.
  6. No matter how sure they are about a trade they still ALWAYS manage the risk.
  7. Rich traders get more aggressive when winning and trade smaller or take a break during a losing streak.
  8. A great trader is one that can admit to anyone that they were wrong.
  9. Rich traders do not believe their own hype, they know they can not really predict the future they can only react to current reality and the probabilities.
  10. Rich traders love what they do, win or lose.

When you are trading like that, it is hard to be beaten. Time is your friend.

Corporate Lessons

CORPORATE LESSON 1

A man is getting into the shower just as his wife is finishing up her shower when the doorbell rings. The wife quickly wraps herself in a towel and runs downstairs. When she opens the door, there stands Bob, the next door neighbor. Before she says a word, Bob says, ‘I’ll give you $800 dollars to drop that towel.”

After thinking for a moment, the woman drops her towel and stands naked in front of Bob. After a few seconds, Bob hands her $800 dollars and leaves. The woman wraps back up in the towel and goes back upstairs. When she get to the bathroom, her husband asks, “Who was that?”

“It was Bob the next door neighbor” she replies.

“Great!” the husband says. “Did he say anything about the $800 he owes me?”

Moral of the story: If you share critical information pertaining to the credit and risk with your shareholders in time, you may be in a position to prevent avoidable exposure.


———————–
CORPORATE LESSON 2

A sales rep, an administration clerk, and the manager are walking to lunch when they find an antique oil lamp. They rub it and a Genie comes out. The Genie says, “I’ll give each of you just one wish.”
“Me first! Me first!” says the admin. clerk. “I want to be in the Bahamas, driving a speedboat, without a care in the world.” Poof! She’s gone.
“Me next! Me next!” says the sales rep. “I want to be in Hawaii, relaxing on the beach with my personal masseuse, an endless supply of Pina Coladas and the love of my life.” Poof! He’s gone.
“OK, you’re up,” the Genie says to the manager. The manager says, “I want those two back in the office after lunch.”
Moral of the story: Always let your boss have the first say. (more…)

Internatonal rules of manhood

TheRules1)      under no circumstances may two men share an umbrella; unless at rugby, and your beer is getting wet, then, for the drinking period only, it is permissible

2)      it is ok for a man to cry under the following circumstances a) when a heroic dog dies to save its master b) after wrecking your boss’s car c) one hour, 12 minutes, 37 seconds into “The Crying Game”

3)      any man who brings a camera to a stag night may be legally killed and eaten by his mates

4)      unless he murdered someone in your family, you must bail a friend out of jail within 12 hours

5)      if you’ve known a bloke for more than 24 hours, his sister is off limits forever, unless you marry her

6)      Moaning about the brand of free beer in the fridge is forbidden. However you can complain at will if the temperature is unsuitable (more…)

Ten Powerful Psychological Traits of the Rich Trader

Ten Powerful Psychological Traits of the Rich Trader

  1. They have the ability to admit they were wrong and get out of a trade. They know the place where price proves them wrong.
  2. They have the ability to not only close a losing trade but reverse and go in the other direction when it is called for.
  3. The rich trader is not trying to prove anything about themselves they are focused on making money.
  4. They do not fall in love with an idea, currency, commodity, or stock they will make trades based on price action.
  5. Rich traders know that the market action is their ultimate boss regardless of their opinions.
  6. No matter how sure they are about a trade they still ALWAYS manage the risk.
  7. Rich traders get more aggressive when winning and trade smaller or take a break during a losing streak.
  8. A great trader is one that can admit to anyone that they were wrong.
  9. Rich traders do not believe their own hype, they know they can not really predict the future they can only react to current reality and the probabilities.
  10. Rich traders love what they do, win or lose.

When you are trading like that, it is hard to be beaten. Time is your friend.

Trading is all about YOURSELF

Trading has to do a lot with yourself. Trading is not about the market.

You have to get your emotion and psychology right before you go to trade. Without the good emotion or feeling of the day, you will be most likely be losing during that day.

Do Not Trade, If …
– You cannot afford to lose the money. (Prepare to lose)
– You have a Bad day (quarrel with wife/child/boss).
– You are Sleepy
– You are Not comfortable in trading
– Technology failed You

Do not be afraid that you will lose the opportunity for the ride up or down. There are plenty of opportunity out there in the market everyday.

Remember: If you trade, you will lose money. If you don’t trade, at least you wont lose money.

The funny thing that i found out … People will lose money if they care about their money but people will make money if they don’t care about the money.
Get yourself right first and the money will come to you.

Trading is all about YOURSELF

Trading has to do a lot with yourself. Trading is not about the market.

You have to get your emotion and psychology right before you go to trade. Without the good emotion or feeling of the day, you will be most likely be losing during that day.

Do Not Trade, If …
– You cannot afford to lose the money. (Prepare to lose)
– You have a Bad day (quarrel with wife/child/boss).
– You are Sleepy
– You are Not comfortable in trading
– Technology failed You

Do not be afraid that you will lose the opportunity for the ride up or down. There are plenty of opportunity out there in the market everyday.

Remember: If you trade, you will lose money. If you don’t trade, at least you wont lose money.

The funny thing that i found out … People will lose money if they care about their money but people will make money if they don’t care about the money.
Get yourself right first and the money will come to you.

Ten Powerful Psychological Traits of the Rich Trader

Ten Powerful Psychological Traits of the Rich Trader

  1. They have the ability to admit they were wrong and get out of a trade. They know the place where price proves them wrong.
  2. They have the ability to not only close a losing trade but reverse and go in the other direction when it is called for.
  3. The rich trader is not trying to prove anything about themselves they are focused on making money.
  4. They do not fall in love with an idea, currency, commodity, or stock they will make trades based on price action.
  5. Rich traders know that the market action is their ultimate boss regardless of their opinions.
  6. No matter how sure they are about a trade they still ALWAYS manage the risk.
  7. Rich traders get more aggressive when winning and trade smaller or take a break during a losing streak.
  8. A great trader is one that can admit to anyone that they were wrong.
  9. Rich traders do not believe their own hype, they know they can not really predict the future they can only react to current reality and the probabilities.
  10. Rich traders love what they do, win or lose.

When you are trading like that, it is hard to be beaten. Time is your friend.

A Growth Job

  • 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.

25 Unwritten Rules of Management

1. Learn to say, “I don’t know.” If used when appropriate, it will be often.
2. It is easier to get into something than it is to get out of it.
3. If you are not criticized, you may not be doing much.
4. Look for what is missing. Many know how to improve what’s there, but few can see what isn’t there.
5. Viewgraph rule: When something appears on a viewgraph (an overhead transparency), assume the world knows about it, and deal with it accordingly.
6. Work for a boss with whom you are comfortable telling it like it is. Remember that you can’t pick your relatives, but you can pick your boss.
7. Constantly review developments to make sure that the actual benefits are what they are supposed to be. Avoid Newton’s Law.
8. However menial and trivial your early assignments may appear, give them your best efforts.
9. Persistence or tenacity is the disposition to persevere in spite of difficulties, discouragement, or indifference. Don’t be known as a good starter but a poor finisher.
10. In completing a project, don’t wait for others; go after them, and make sure it gets done.
11. Confirm your instructions and the commitments of others in writing. Don’t assume it will get done!
12. Don’t be timid; speak up. Express yourself, and promote your ideas.
13. Practice shows that those who speak the most knowingly and confidently often end up with the assignment to get it done.
14. Strive for brevity and clarity in oral and written reports. (more…)