Skip to main content

Self Control

The man who masters himself is delivered from the force that binds all creatures
-Johann Wolfgang von Goethe

Without self control, enthusiasm resembles the unharnessed lightning of an electrical storm It may strike anywhere; It may destroy life and poverty.

Enthusiasm is the vital quality that arouses you to action, while self control is the balance wheel that directs your action so that it will build up not tear down.

Self control is the ability to direct your thoughts, and this your actions, in the pursuit of your definite chief aim.

To be a person who is "well balance," you must be a person in whom Enthusiasm and self control are equalized.

It is a fact that the majority of our personal grief comes about through lack of self-control.
The holy scriptures are full of admonition in support of self control. They even urge us to love our enemies and to forgive those who injure us.

If you neglect to exercise. Self control, you are not only likely to injure others but you are sure to injure yourself!

The growth of wisdom may be gauged accurately by the decline of ill-temper.
-Friedrich Nietzsche

Luck is not chance it's foil - fortune's expensive smile is earned
-Emily Dickinson

No one can control others unless they first control them self.

Lack of self control is the average salespersons most damaging weakness.

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.

How to Make Good Habits Inevitable and Bad Habits Impossible

Sometimes success is less about making good habits easy and more about making bad habits hard. This is an inversion of the 3rd Law of Behavior Change: make it dif icult. If you find yourself continually struggling to follow through on your plans, then you can take a page from Victor Hugo and make your bad habits more difficult by creating what psychologists call a commitment device. A commitment device is a choice you make in the present that controls your actions in the future. It is a way to lock in future behavior, bind you to good habits, and restrict you from bad ones. When Victor Hugo shut his clothes away so he could focus on writing, he was creating a commitment device. There are many ways to create a commitment device. You can reduce overeating by purchasing food in individual packages rather than in bulk size. You can voluntarily ask to be added to the banned list at casinos and online poker sites to prevent future gambling sprees. I’ve even heard of athletes who have to “mak...