“A good traveler has no fixed plan, and is not intent on arriving.” “If you look to others for fulfillment, you will never be truly fulfilled.” “When I let go of what I am, I become what I might be.” “People in their handlings of affairs often fail when they are about to succeed. If one remains as careful at the end as he was at the beginning, there will be no failure.” “Respond intelligently even to unintelligent treatment.” “If you do not change direction, you may end up where you are heading.” “The power of intuitive understanding will protect you from harm until the end of your days.” “When you are content to be simply yourself and don’t compare or compete, everybody will respect you.” |
Archives of “lao tzu” tag
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Fear is the main source of superstition, and oneof the main sources of cruelty. To conquer fear is the beginning of wisdom… Bertrand Russell
Fear is a misunderstood emotion, and one that gets a pretty bad rap these days. We owe our survival as a species to the hard-wired fear that protected and kept us safe from physical threats for hundreds of thousands of years. But what about the litany of fears that plagues traders every day? Fear of losing, of watching profits disappear, making mistakes, missing out, taking profits too soon…the list goes on.
Perhaps the larger question is this: If there is so much fear and almost every trader feels fear, why do millions of people continue to trade? The answer lies in the way that fear is perceived.
For many, fear is a predator that is constantly lurking, sneaking up on them and ready to attack at any moment. In this brain set, they are always running away from fear, crouching in a corner or looking for a safe place to hide. Fear blinds them to opportunity in much the same way that greed blinds them to danger.
Fear is that little darkroom where negatives are developed… Ferdinand Pritchard (more…)
Wisdom from Worthy Individuals
“I measure what’s going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.” – Martin Zweig
“To be a money master, you must first be a self-master” – J. P. Morgan
“Our greatest glory is not in never falling, but in rising every time we fall.” – Confucius
“Buy that which is showing strength – sell that which is showing weakness.” – Richard Rhodes
“The rule of survival is not to “buy low, sell high”, but to “buy higher and sell higher.” – Richard Rhodes
“Be patient. Once a trade is put on, allow it time to develop and give it time to create the profits you expected.” – Richard Rhodes
“Be impatient. As always, small loses and quick losses are the best losses.” – Richard Rhodes (more…)