Archives of “good fortune” tag

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Explanatory Style

  
  Education
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pessimist-optimistThe way you respond to winning and losing periods will depend largely upon your explanatory sytle.How do you ex-plain misfortune ?How do you explain good fortune ?In short ,are you basically optimistic or pessimistic in regards to trading ?

When a good thing happens to an optimist ,he says it’s permanent ,pervasive and personal.When a good thing happens to pessimist ,he says it’s temorary ,specific ,and not personal.Conversely ,when a bad thing happens to an optimist ,then he says it’s temporary ,specific ,and not personal.When a bad thing happens to a pessimist ,he says it’s permanent ,pervasive ,and personal.

Don't Mess With Women

  
Education, Humour, Life
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fact-Bottle of Wine
(Women will LOVE this one!)
A woman and a man are involved in a car accident on a snowy, cold Monday morning; it’s a bad one. Both of their cars are totally demolished, but amazingly neither of them is hurt. God works in mysterious ways. After they crawl out of their cars, the man is yelling about women drivers. The woman says, ‘So, you’re a man. That’s interesting. I’m a woman. Wow, just look at our cars! There’s nothing left, but we’re unhurt. This must be a sign from God that we should be friends and live in peace for the rest of our days.’
Flattered, the man replies, ‘Oh yes, I agree completely, this must be a sign from God! But you’re still at fault…women shouldn’t be allowed to drive..’
The woman continues, ‘And look at this, here’s another miracle. My car is completely demolished but this bottle of wine didn’t break. Surely God wants us to drink this wine and celebrate our good fortune.’
She hands the bottle to the man. The man nods his head in agreement, opens it and drinks half the bottle and then hands it back to the woman.
The woman takes the bottle, puts the cap back on and hands it back to the man.
The man asks, ‘Aren’t you having any?’
The woman replies, ‘No. I think I’ll just wait for the police…’

MORAL OF THE STORY:
Don’t mess with women.

Life Wisdom

  
Education, Life
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There is a Zen story about a poor man walking through the woods reflecting upon his many troubles.

He stopped to rest against a tree, a magical tree that would instantly grant the wishes of anyone who came in contact with it. He realized he was thirsty and wished for a drink. Instantly a cup of cool water was in his hand. Shocked, he looked at the water, he decided it was safe and drank it.

He then realized he was hungry and wished he had something to eat. A meal appeared before him. “My wishes are being granted,” he thought in disbelief.

“Well, then I wish for a beautiful home of my own,” he said out loud. The home appeared in the meadow before him. A huge smile crossed his face as he wished for servants to take care of the house. When they appeared he realized he had somehow been blessed with an incredible power and he wished for a beautiful, loving, intelligent woman to share his good fortune. “Wait a minute, this is ridiculous,” said the man to the woman. “I’m not this lucky. This can’t happen to me.” As he spoke…everything disappeared. He shook his head and said, “I knew it,” then walked away thinking about his many troubles.

There is a great truth hidden behind this simple Zen story. Our mind is like this magical tree. “Whatever the mind conceives and believes, it achieves.”

How full is your cup?

  
  Education
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I stumbled across an interesting article recently, about ‘Market Timing’.  We can all relate to spending hours on trying to pick the trough or top of a market cycle, or congratulate ourselves on getting in at the bottom and riding a sp to its peak.

This article goes on to explain that Market Timing is perhaps not that important, it all comes down to the individual’s mind-set around wealth. 

“You have probably seen this phenomenon: there are successful investors that can make money regardless of the market conditions. They make good money during good times, and they make even better money during bad times.

To these successful investors, there is one thing that is constant: they make money regardless of changes in the market. Market Timing seems to have very little effect on them.

You have probably also seen the opposite phenomenon: there are investors that would lose money even when the market was doing great. These investors lose money during good times, and lose even more money during bad times.

To these unsuccessful investors, there is one thing that is constant: they lose money regardless of changes in the market. Market Timing also seems to have very little effect on them. “

Hmm, now there’s something to think about.  Imagine having the good fortune to enter the market at ANY time and still make money. 

The author goes on to get you to think of money as water and it seems that some people have a fixed sized cup to hold money – whenever they get near the cups maximum threshold one of life’s challenges comes along to ensure their cup never overflows.

So what we NEED to do, is to consciously make an effort to increase the size of our cup (the invisible mental capacity for wealth), and then we won’t really need to worry about Market Timing at all!

Sounds like a plan to me – I’ll order a beer stein.

Zen Story

  
Education, Life
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enlightenmentThere is a Zen story about a poor man walking through the woods reflecting upon his many troubles.
He stopped to rest against a tree, a magical tree that would instantly grant the wishes of anyone who came in contact with it. He realized he was thirsty and wished for a drink. Instantly a cup of cool water was in his hand. Shocked, he looked at the water, he decided it was safe and drank it.
He then realized he was hungry and wished he had something to eat. A meal appeared before him. “My wishes are being granted,” he thought in disbelief.
“Well, then I wish for a beautiful home of my own,” he said out loud. The home appeared in the meadow before him. A huge smile crossed his face as he wished for servants to take care of the house. (more…)

17th Century Rules of Speculation

  
  Education
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While much of these thoughts are outdated, it’s always a good idea to have a foundation of the first rules of speculation. Number 4 is dead on that you need to trade with money you don’t need and the patience to allow the trade to work out or not work.

What is a goblin treasure btw?

Rules of Speculation

  1. Never advise anyone to buy/sell shares. Where guessing correctly is a form of witchcraft, council cannot be put on airs.
  2. Accept both your profits and regrets. It is best to seize what comes to hand when it comes, and not expect that your good fortune and the favorable circumstances will last.
  3. Profit in the share market is goblin treasure: at one moment it is carbuncles, the next it is coal, one moment diamonds, and the next pebbles. Sometimes, they are the tears that Aurora leaves on the sweet morning’s grass, at other times, they are just tears.
  4. He who wishes to become rich from this game much have both money and patience.

Note: these rules are from “Confusion of Confusions” by Jose de la Vega in the year 1688. Vega was a successful merchant, poet, and philanthropist residing in the 17th century Amsterdam. This book represents the oldest known hints of technical analysis and his accounts of the Dutch markets in the 17th century.

17th Century Rules of Speculation

  
  Education
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Rules of Speculation

  1. Never advise anyone to buy/sell shares. Where guessing correctly is a form of witchcraft, council cannot be put on airs.
  2. Accept both your profits and regrets. It is best to seize what comes to hand when it comes, and not expect that your good fortune and the favorable circumstances will last.
  3. Profit in the share market is goblin treasure: at one moment it is carbuncles, the next it is coal, one moment diamonds, and the next pebbles. Sometimes, they are the tears that Aurora leaves on the sweet morning’s grass, at other times, they are just tears.
  4. He who wishes to become rich from this game much have both money and patience.

Note: these rules are from “Confusion of Confusions” by Jose de la Vega in the year 1688. Vega was a successful merchant, poet, and philanthropist residing in the 17th century Amsterdam. This book represents the oldest known hints of technical analysis and his accounts of the Dutch markets in the 17th century.

A Successful Life

  
Analysis, Education, Life
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In his book, “A Strategy for Daily Living,” trading expert Dr. Ari Kiev notes, “A successful life does not result from chance, fate, or good fortune, but from a succession of successful days lived in pursuit of a worthy pursuit.” Dr. Kiev points out that you can work toward your goal every day, day after day, and eventually even the most elusive goal can be achieved. Perhaps you will make more progress on some days than others, but what is most important is that you never give up and spend every day working toward your goal.

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