Skip to main content

Fear in Middle age

This common form of fear drives us so hard that we overwork our bodies and bring on the very thing we are struggling to avoid.

What a tragedy to watch men and women drive themselves when they begin to arrive at the forty year milepost of life the age at which they are just beginning to mature mentally. At forty we are just entering the age in which we are able to see and understand the handwriting of nature, as it appears in the forests and flowing brooks and faces of other adults and little children. Yet this devil fear drives us to the point that we become blinded and lost in the entanglement of a maze of conflicting desires.

The principle of organized effort is lost sight of, and instead of taking hold of nature's forces that are evidence all around us and permitting those forces to carry us to the heights of great achievement, we defy them and they become forces of destruction.

The power of self confidence
Ignorance of this force is leading the majority of people to apply it so that it acts as a hindrance and not as a help.

Being forced to work, and forced to do your best, will breed in you temperance and self control and strength of will and context and a hundred other virtues which the idle will never know.

Not only does lack of necessity for struggle lead to weakness of ambition and willpower, but what is more dangerous still, it sets up in a person's mind a state of lethargy that leads to the loss of self confidence.

The person who has quit struggling because effort is no longer necessary is literally applying the principle of autosuggestion, undermining his or her own power of self confidence. Such a person will finally drift into a frame of mind in which he or she will actually look with contempt upon the person who is forced to carry on.

The human mind if you will pardon the repetition, may be likened to an electric battery. It may be positive or negative. Self confidence is the quality with which the mind is recharged and made positive.

Success is the result of intelligent effort and does not depend upon luck.
Success is always the result of conscientious and efficient effort.

No man can become a great leader of men unless he has the milk of human kindness in his own heart, and leads by suggestion and kindness, rather than by force.

Nothing can bring you peace but yourself nothing can bring you success but yourself. of course you will need the cooperation of others if your aim is success of a far-reaching nature, but you will never get that cooperation without the positive attitude of self confidence.

The one who advances believes in themselves, and backs their belief with such dynamic, aggressive action that others can recognize it in them, self confidence is contagious; it is impelling; it is persuasive; it attracts others.

Comments

Popular posts from this blog

Maximizing Your Profits with Scoring

SETTING YOUR MAXIMUM INTRADAY TRADING LOSS First things first: set a max intraday trading loss. There will be days when you just do not have it. Why do you think coaches pull their players when they are not playing well? They are more harmful on the field than off. When you are underperforming, you are hurting your team and your trading business. You need a system to yank yourself over to the bench. A stop loss is your answer. TRADING BASED UPON THE TIME OF DAY A good trader makes note of what time of day it is, when he trades most profitably, and adjusts his trading to fit such times. Your numbers at the end of the month will not reflect your true trading potential. Make the most trades with the most size during the trading periods that statistically are most profitable for you. Money saved during your weaker trading periods is money earned. Consistency The fact is that most trades you make will start working for you right away. But the new traders also hold stocks that are trading ag...

CAN A FIRM ALWAYS SPOT THE NEXT GREAT TRADER?

 No. But a prop firm can tell who has a poor chance to become a CPT. To be good at anything will take everything you have. Not having developed the skills to work hard is a turn-off. Trading is a skill learned by doing, not just by reading a lot, theorizing, or the faux art of “paper trading.” THE PROS AND CONS OF RECRUITING EXPERIENCED TRADERS Loyalty is a good thing to a point, but it cannot trump logistics and reality. losing money should really bother you. If I am negative three days in a row, I spend a long evening on my couch with a bottle of red wine and comfort food. As traders, we can all recite the memorable line from Wall Street: “A man looks in the abyss, there is nothing staring back at him. At that moment he discovers his character. That keeps the man out of the abyss.”  Traders don’t talk about how they want to trade, what they want to read about trading, or how they wish they could talk about trading. Traders trade, read about trading, and talk about trading.

Disciplined Trader Chapter 2

The following typical trading errors have a specific cause rooted in a thinking methodology that can be changed. 1. Refusing to define a loss. 2. Not liquidating a losing trade, even after you have acknowledged the trade's potential is greatly diminished. 3. Getting locked into a specific opinion or belief about market direction. From a psychological perspective this is equivalent to trying to control the market with your expectation of what it will do: "I'm right, the market is wrong." 4. Focusing on price and the monetary value of a trade, instead of the potential for the market to move based on its behavior and structure. 5. Revenge-trading as if you were trying get back at the market for what it took away from you. 6. Not reversing your position even when you clearly sense a change in market direction. 7. Not following the rules of the trading system. 8. Planning for a move or feeling one building, but then finding yourself immobilized to hit the bid or of...