I believe that one of the most important qualifications for a successful trader is “POISE”, which to me is defined as stability, a well balanced person with dignity of manner – as it relates to the stock market.
A poised person is a person who can handle their hopes and their fears in a calm manner.
The other qualification is “PATIENCE” to wait for the opportune time, when as many factors as possible are positioned in the traders favor.
Poise and patience are the close friends of successful traders.
The final qualification is “SILENT”. Keep your own silent counsel – keep your victories and your failures to yourself – learn from them both.
Poise, patience and silence are attributes that must be cultivated.
These virtues do not come automatically to the stock market trader.
Archives of “silence” tag
rss20 Ways to Get Good Karma- Dalai Lama,Many teachings can be directly applied to trading
- Take into account that great love and great achievements involve great risk.
- When you lose, don’t lose the lesson.
- Follow the three R’s:
– Respect for self,
– Respect for others and
– Responsibility for all your actions. - Remember that not getting what you want is sometimes a wonderful stroke of luck.
- Learn the rules so you know how to break them properly.
- Don’t let a little dispute injure a great relationship.
- When you realize you’ve made a mistake, take immediate steps to correct it.
- Spend some time alone every day.
- Open your arms to change, but don’t let go of your values.
- Remember that silence is sometimes the best answer.
- Live a good, honorable life. Then when you get older and
think back, you’ll be able to enjoy it a second time. - A loving atmosphere in your home is the foundation for your life.
- In disagreements with loved ones, deal only with the current situation. Don’t bring up the past.
- Share your knowledge. It is a way to achieve immortality.
- Be gentle with the earth.
- Once a year, go someplace you’ve never been before.
- Remember that the best relationship is one in which your love for each other exceeds your need for each other.
- Judge your success by what you had to give up in order to get it.
- If you want others to be happy, practice compassion.
- If you want to be happy, practice compassion.
Most Important Qualifications for a Successful Trader
I believe that one of the most important qualifications for a successful trader is “POISE”, which to me is defined as stability, a well balanced person with dignity of manner – as it relates to the stock market.
A poised person is a person who can handle their hopes and their fears in a calm manner.
The other qualification is “PATIENCE” to wait for the opportune time, when as many factors as possible are positioned in the traders favor.
Poise and patience are the close friends of successful traders.
The final qualification is “SILENT”. Keep your own silent counsel – keep your victories and your failures to yourself – learn from them both.
Poise, patience and silence are attributes that must be cultivated.
These virtues do not come automatically to the stock market trader.
The story of 2 monks and the power of letting go
I believed you have heard of many versions of the story about 2 monks. No? Let me refresh your memory, and explain to you how it is applicable to trading.
There were two Buddhist monks walking along the bank of a river, making their way to back to the temple.
As they were walking, they came across a beautiful lady standing at the side of the river. She stopped them and asked if one of them is willing to help her across the river. The junior monk did not bulge but the senior monk without any doubt, carried her on his back and across the river. The senior monk put her down on the other side and she thanked him profusely and hurried off. The junior monk was taken aback by the gesture but kept to himself. The senior monk returned and they carried on with the journey.
As they walked, the junior monk kept brooding about the incident until it was unbearable and broke the silence, “why did you carry that woman across the river? Knowing that our religion forbid us to touch women!”
The senior monk replied peacefully, “I put her down a moment ago and you are still carrying her.” (more…)
The story of 2 monks and the power of letting go
I believed you have heard of many versions of the story about 2 monks. No? Let me refresh your memory, and explain to you how it is applicable to trading.
There were two Buddhist monks walking along the bank of a river, making their way to back to the temple.
As they were walking, they came across a beautiful lady standing at the side of the river. She stopped them and asked if one of them is willing to help her across the river. The junior monk did not bulge but the senior monk without any doubt, carried her on his back and across the river. The senior monk put her down on the other side and she thanked him profusely and hurried off. The junior monk was taken aback by the gesture but kept to himself. The senior monk returned and they carried on with the journey.
As they walked, the junior monk kept brooding about the incident until it was unbearable and broke the silence, “why did you carry that woman across the river? Knowing that our religion forbid us to touch women!”
The senior monk replied peacefully, “I put her down a moment ago and you are still carrying her.” (more…)
Important Qualifications for a Successful Trader
I believe that one of the most important qualifications for a successful trader is “POISE”, which to me is defined as stability, a well balanced person with dignity of manner – as it relates to the stock market.A poised person is a person who can handle their hopes and their fears in a calm manner.The other qualification is “PATIENCE” to wait for the opportune time, when as many factors as possible are positioned in the traders favor.Poise and patience are the close friends of successful traders.The final qualification is “SILENT”. Keep your own silent counsel – keep your victories and your failures to yourself – learn from them both.Poise, patience and silence are attributes that must be cultivated.These virtues do not come automatically to the stock market trader.