Archives of “rest of your life” tag

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Focus On Obstacles

  
  Education
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Often we’re discouraged because of some tough challenge or obstacle in our way. But a shift in mindset from a Zen proverb can change everything: “The obstacle is the path.”

The obstacle isn’t something standing in our way. It’s the way itself.

That might seem strange, so let’s look at a few examples:

  • You are struggling with writing, and procrastinate. Procrastination is the symptom, but it also illuminates the path you should take: you are dreading something about the writing, you are shying away from discomfort, you are afraid of the writing or what will happen when you publish the writing. So work with that dread, the discomfort, and the fear. You’ll be stronger for having done that.
  • You are shy and can’t meet people. This can be seen as an obstacle to social happiness, or as a path for something to work with. Many people will avoid this obstacle of shyness, and instead stay home and not socialize. Instead, go towards this shyness, explore it, find out what you’re afraid of, work with that fear. You’ll get better at handling the fear, even let go of it, and it will no longer stand in your way.
  • You are stressed out and overwhelmed at work. You can complain about this problem (and it will then continue for the rest of your life), or you can immerse yourself in it, let it lead you to self-exploration, and deal with the source of that stress and overwhelm. You’ll learn that you have unrealistic expectations and ideals, learn to let go of them, and the stress will go away. You’ll now have a tool for dealing with stress for the rest of your life. (more…)

‘A Trader’s Self-Evaluation Checklist’?

  
  Education
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Are trading losses often followed by further trading losses? Do you end up losing money in ‘revenge trading’ just to regain money lost? Do you finish trading prematurely when you’re up money, failing to exploit a good day?

Do you cut winning trades short because, deep inside, you don’t think you’ll be able to make large profits? Do you become stubborn in positions, turning small losers into large ones?

Is trading making you happy, proud, fulfilled, and content, or does it more often leave you feeling unhappy, guilty, frustrated, and dissatisfied? Are you having fun trading even when it’s hard work?

Are you making trades because the market is giving you opportunity, or are you placing trades to fulfill needs — for excitement, self-esteem, recognition, etc. — that are not being met in the rest of your life?

You Have To Find What You Love

  
Education, Life, Video
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This is the most inspirational  speech I have ever heard. I know many of you want to be full time traders but somehow miss the courage to try it.

Yes, trading is hard at the beginning, some of you don`t have what it takes to be a great professional trader, but…the question I ask you is, “Do you want to be asking yourself this question for the rest of your life and wonder how it would have been?…”

Listen to this magnificent speech from Steve Jobs. It can be a life changer for you:

16 Goals

  
Analysis, Education
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Kansas State University’s Bill Snyder’s 16 goals:
Commitment–to common goals and to being successful
Unselfishness–there is no “I” in team.
Unity–Come together as never before.
Improve–everyday…as a player, person, and student
Be tough–mentally and physically.
Self Discipline–do it right, and don’t accept less.
Great Effort
Enthusiasm
Eliminate Mistakes–don’t beat yourself.
Never Give Up
Don’t Accept Losing–if you do so one time, it will be easy to do so for the rest of your life.
No Self-Limitations–expect more of yourself.
Expect to Win–and truly believe we will.
Consistency–your very, very best every time.
Leadership–everyone can set the example.
Responsibility–you are responsible for your own performance.

The 10 Best things Steve Jobs Ever Said

  
Education, Life
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How did one of the greatest entrepreneurs of the last 50 years think? How did he create one of the most successful companies of all time? Here are ten of the best things that he ever said . I believe they give us clues at identifying the next company that could have their stock become the monster stock of this decade.  As you read through these quotes does it make any other company come to mind besides Apple?

Steve Jobs Quotes:

“We’re gambling on our vision, and we would rather do that than make “me too” products. Let some other companies do that. For us, it’s always the next dream.” Interview about the release of the Macintosh (24 January 1984)

“Do you want to spend the rest of your life selling sugared water or do you want a chance to change the world? ” A comment he made in persuading John Sculley to become Apple’s CEO.

“You‘ve got to start with the customer experience and work back toward the technology – not the other way around.” May 1997, World Wide Developers Conference

“Being the richest man in the cemetery doesn’t matter to me … Going to bed at night saying we’ve done something wonderful… that’s what matters to me.”

“That’s been one of my mantras — focus and simplicity. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.” –BusinessWeek Interview May 1998

“It’s really hard to design products by focus groups. A lot of times, people don’t know what they want until you show it to them.” –BusinessWeek Interview May 1998

“Innovation distinguishes between a leader and a follower.”

“Quality is more important than quantity. One home run is much better than two doubles.”

“You can’t just ask customers what they want and then try to give that to them. By the time you get it built, they’ll want something new.” Inc Magazine

“Stay Hungry. Stay Foolish.”

20 Trading Wisdom Lines

  
  Education
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(1)  Those who work their plan will prosper, but those who chase fantasies lack judgment.

(2)  Those who want to do right will get a rich reward. But those who want to “get rich quick” will quickly  fail“.

(3)  Trying to “get rich quick” is wrong & leads to poverty.

(4)  Wealth taken from gambling quickly disappears; wealth from diligent effort & hard work grows“.

(5)  Follow the rules & keep your financial life intact; ignoring them means financial ruin.

(6)  A person without self-control is as defenseless as a city with broken-down walls.

(7)  The wise control their temper.  They know that anger causes mistakes.

(8)  The intelligent are always open to new ideas, in fact they look for them.

(9)  Get all the advice that you can & be wise all the rest of your life.

(10)  Fools despise advice; ‘the wise’ consider each suggestion.

(11)  Fools think they need no advice, but ‘the wise’ listen to others.

(12)  To learn, you must want to be taught.  To refuse correction is stupid.

(13)  Anyone willing to be corrected is on the path to success. Those who refuse correction have lost their chance.

(14)  Hard work brings prosperity; playing around brings poverty.

(15) If you love sleep, you will end up in poverty.  Stay awake, work hard, & there will be plenty to eat.

(16)  The foolish will lose in the end, ‘the wise’ will end up with the winnings.

(17)  The wise save up for the future, but the foolish spend whatever they get”.

(18)  Truth stands the test of time; lies are soon exposed.

(19 Be faithful & honest with yourself in your trading, bediligent & consistent & it will bring you Prosperity.
(20) Steady plodding brings prosperity; hasty speculation brings poverty.

Think carefully about each one of these quotes.  I think you’ll find out a little something about yourself you didn’t already know.  For example, your “strengths” and “weaknesses” in your trading should be clearly pointed out be analyzing each one of these phrases.  These simple and short phrases should help you become a better trader — and hopefully a better person in general!

20 Wisdom Points for Traders

  
  Education
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(1)  Be faithful & honest with yourself in your trading, be diligent & consistent & it will bring you Prosperity.
(2)  Those who work their plan will prosper, but those who chase fantasies lack judgment.
(3)  Steady plodding brings prosperity; hasty speculation brings poverty.
(4)  Those who want to do right will get a rich reward. But those who want to “get rich quick” will quickly  fail“.
(5)  Trying to “get rich quick” is wrong & leads to poverty.
(6)  Wealth taken from gambling quickly disappears; wealth from diligent effort & hard work grows“.
(7)  Follow the rules & keep your financial life intact; ignoring them means financial ruin.
(8)  A person without self-control is as defenseless as a city with broken-down walls.
(9)  The wise control their temper.  They know that anger causes mistakes.
(10)  The intelligent are always open to new ideas, in fact they look for them. (more…)

Evaluating Yourself as a Trader

  
  Education
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Here I’ve shortened and republished ten items for self-evaluation:

1) What is the quality of your self-talk while trading?

2) What work do you do on yourself and your trading while the market is closed?

3) How would your trading profit/loss profile change if you eliminated a few days where you lacked proper risk control?

4) Does the size of your positions reflect the opportunity you see in the market?

5) Are trading losses often followed by further trading losses due to frustration?

6) Do you cut winning trades short because, deep inside, you don’t think you’ll be able to achieve large profits?

7) Is trading making you happy, proud, fulfilled, and content, or does it more often leave you feeling unhappy, guilty, frustrated, and dissatisfied?

8) Are you making trades because the market is giving you opportunity, or are you placing trades to fulfill needs–for excitement, self-esteem, recognition–that aren’t being met in the rest of your life?

9) Are you seeking returns that are realistic given your level of experience and development?

10) Can you identify the specific edges you possess over the many other motivated, interested traders that fail to achieve success in the markets?

Many answers to trading problems begin by asking the right questions.

16 Goals

  
  Education
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16Commitment–to common goals and to being successful
Unselfishness–there is no “I” in team.
Unity–Come together as never before.
Improve–everyday…as a player, person, and student
Be tough–mentally and physically.
Self Discipline–do it right, and don’t accept less.
Great Effort
Enthusiasm
Eliminate Mistakes–don’t beat yourself.
Never Give Up
Don’t Accept Losing–if you do so one time, it will be easy to do so for the rest of your life.
No Self-Limitations–expect more of yourself.
Expect to Win–and truly believe we will.
Consistency–your very, very best every time.
Leadership–everyone can set the example.
Responsibility–you are responsible for your own performance.

Evaluating Yourself as a Trader

  
  Education
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1) What is the quality of your self-talk while trading?

2) What work do you do on yourself and your trading while the market is closed?

3) How would your trading profit/loss profile change if you eliminated a few days where you lacked proper risk control?

4) Does the size of your positions reflect the opportunity you see in the market?

5) Are trading losses often followed by further trading losses due to frustration?

6) Do you cut winning trades short because, deep inside, you don’t think you’ll be able to achieve large profits?

7) Is trading making you happy, proud, fulfilled, and content, or does it more often leave you feeling unhappy, guilty, frustrated, and dissatisfied?

8) Are you making trades because the market is giving you opportunity, or are you placing trades to fulfill needs–for excitement, self-esteem, recognition–that aren’t being met in the rest of your life?

9) Are you seeking returns that are realistic given your level of experience and development?

10) Can you identify the specific edges you possess over the many other motivated, interested traders that fail to achieve success in the markets?

Many answers to trading problems begin by asking the right questions.

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