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A trader is the weakest link of any trading system

  
  Education
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So true. Tony Robbins also said “Success for anything is 80% of psychology and 20% of mechanics”. A trading system is mechanics of trading. If a trader has an absolutely winning trading system, but he/she has failed to execute it. This system is failure. For who can follow it consistently, it is a great system. So who is more important? It is the trader or the system?

Some people say it is hard to design a winning system. Or I don’t know how to do? Does it really true? Read what Richard Dennis said.

The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught. What they can’t do is give (people) the confidence to stick to those rules even when things are going bad.

Richard Dennis has also proved that trading is a skill not talent. Tony Robbins also said “Every skill is learnable”

 

Signs of Depression

  
  Education
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Trading demands preparation ,concentration and executions.If your trading is getting worse or making no progress it could be a sign of mild depression.Some of the signs of mild depression are :

*Insomnia
*Lack of appetite
*Not wanting to do anything
*Not showering ,shaving or getting dressed in the morning.
*Feeling of inadequacies
*Not wanting to talk to friends
*Consumption of alcohol above normal amount.
*Spantaneious crying
*Need to be left alone
*Not wanting to talk on the telephone when it rings

This is just partial list.Should the symptoms become extreme please see a physician ,,there after excellent medications that can jolt you out of this condition.In addition there after some homeopathic remedies that just might to the trick.

1)Take a three to five day break and do not watch the monitor or the charts at any time.
2)Begin an exercise program-this increases the production of endorphins in our brain ,which help raise our spirits.

3)Find a hobby to take your mind off your woes.

4)Begin a positive thinking program into your daily routine-such as Tony Robbins-Personal Power Program.
5)Do something to help someone much more challenged than you.Battered wives and battered children,the homeless ,blind elderly people ,etc.

6)Change your diet to eat only wholesome foods with no additives.No soft drinks ,alcohol ,high sugar deserts.Flood your body with water ,fresh fruits and vegetables and small amounts of protein.

You do not need to devote a lot of time to any of these but a little of each one will yield recognizable results.If the conditions gets worse see your physician !

Reflections on Life, Motivation, and Impotent Goals

  
  Education
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Motivational guru Tony Robbins once observed, “People are not lazy. They simply have impotent goals – that is, goals that do not inspire them.” My experience is that this is very true of traders: many of their goals are impotent. They are written in a journal or a post-it note attached to the computer monitor, but they are not inspiring goals. They don’t bring a hunger for action.

We chastise ourselves for lack of discipline when we don’t follow through on our goals, but we never stop to think that maybe our goals sell us short.

Show me a person who has trouble getting out of bed in the morning and I’ll show you a person with impotent goals. A child has no problem leaping out of bed early Christmas morning to see what Santa has brought. That same child on a school morning? It might take a few rousings to get out of the sack.

A big part of middle age is getting so caught up in putting out fires that you forget all about setting the world ablaze. Kids have no problem dreaming about hitting that 9th inning home run for the Yankees or being a superhero. Somehow that gets lost in concerns over “practical” matters, as The Little Prince realized. But an impotent life is not a practical life at all.

Your job isn’t to find the next great market trend or setup. It’s to find the goals that inspire you, that will get you springing out of bed in the morning and excited to be tackling life through the day. As long as you have those, you’ll stay young at heart–and spirit. And you’ll persist and find those trends and setups.

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