Archives of “rejection” tag

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Hypothesis of the day

  
Analysis, Education
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Hypothesis I thought of the other day daydreaming:

A test of lows or highs is similar to how when you break up with a lover you always go back for a second try to probe to see if you made the right decision. Both parties are usually willing (bulls/bears and man/woman or etc/etc. If test falls short, low/high rejection a new trend is formed or new high/low is formed and trend is resumed. If two partners give it a second try either their relationship moves to new deeper levels of intimacy or they split up and look for new partners.

Of course break out failures and failed failures happen, but at least the scenarios can be confined to a limited set of outcomes.

Top 10 list from billionaires as to be successful

  
Education, Life
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1. Figure out what you’re so passionate about that you’d be happy doing it for 10 years, even if you never made any money from it. That’s what you should be doing.
2. Always be true to yourself.
3. Figure out what your values are and live by them, in business and in life.
4. Rather than focus on work-life separation, focus on work-life integration.
5. Don’t network. Focus on building real relationships and friendships where the relationship itself is its own reward, instead of trying to get something out of the relationship to benefit your business or yourself.
6. Remember to maximize for happiness, not money or status.
7. Get ready for rejection.
8. Success unshared is failure. Give back — share your wealth.
10. Successful people do all the things unsuccessful people don’t want to do.

What would you add to the “Billionaire’s Secrets” List?

Whatever You Think … Think the Opposite

  
  Education
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Don’t be negative about rejection. It happens.

Work for free, if necessary.

Good grades will not secure you an interesting life. Imagination will.

Go to work and do your learning in the school of life.

Start your own company, then you have control of your own destiny.

Form your own opinion.

Having the courage to stand up in the face of public opinion is what makes you a winner.

Have a goal.

How you present yourself is how others will value you.

If you want to be interesting, be interested.

When things go wrong it tempting to shift the blame. Don’t.

Knowledge makes us play safe. The secret is to stay childish.

When it’s right, it just clicks.

7 Stages of Trading Wisdom

  
  Education
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1)  You feel no pressure to do anything

2) You have no feeling of fear

3) You feel no sense of rejection

4) There is no right or wrong

5) You recognize that this is what the market is telling me, this is what I do.

6) You can observe the market from the perspective as if you were not in a position, even when you are.

7) You are not focused on the money, but on the structure of the market

Book Review : The Disciplined Trader by Mark Douglas

  
  Education
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 This is one heck of a slow read. Douglas dangles a carrot in front of you each chapter saying ” I will show you how to do this”; but never actually does! I thought there was quite a bit of carry over between this book and “Trading in the Zone”, so by one or the other but on the whole I would say Trading in the Zone would be the one to plump for as there are more trading references. In The Disciplined Trader Douglas does go off on a tangent for many pages and you wonder whether you are reading a book on amateur psychology.

The first 5 Chapters read well with some nice takeaways even in the Intro and Preface. Such as defining Self Confidence as “an absence of fear and self-trust”. I think we all know what he means ny that definition don’t we ?!

Chapters 6 thru to 14 were laboured in my view. Where the depth of Douglas’ attempt to describe the mental state of the trader really was a little abstract at times and to be honest lost me.

For me the best bit of the book was his penultimate chapter on the Steps for Success :

1)Stay focussed on what you need to learn

2)Deal with Losses

  • Predefine the loss at time of trade is vital
  • Execute them immediately on their occurence

3)Become an expect at just one market behaviour

4) Learn how to execute your trading system flawlessly

5) Learn to think in Probabilities

6) Learn to be Objective

  • You feel no Pressure to do anything
  • You have no feelings of fear
  • You have no sense of rejection
  • There is no right or wrong
  • You recognise what the market is telling you and you know what you have to do
  • You can observe the market from the perspective of not being in a position even when you are.
  • You are not focussed on money but the structure of the market

7) Learn to Monitor yourself

So if you can borrow this from a friend, download it as an e-book cheaply or get a 2nd hand one on ebay for the beginning third and last 2 chapters – it’s worth it.

Must Read…….!!

The Market Mistress is Stalking You

  
  Education
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Have you ever had to deal with a stalker? It could just as easily be the Market Mistress.
And to understand the market mistress we must better understand each of the
following:
Common Stalker Characteristics
   – Jealous
   – Manipulative
   – Narcissistic
   – Deceptive
   – Obsessive and compulsive
   – Falls instantly in love
   – Socially awkward or uncomfortable
   – Needs to be in control
   – Depends on others for sense of self
   – Unable to cope with rejection
   – Sense of entitlement (you owe me!)
   – Unable to take NO for an answer
   – Does not take responsibility for own feelings or actions.

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