Skip to main content

WHEN YOU’RE A CLEANER . . . . . . You don’t have to love the work, but you’re addicted to the results.

A Cooler makes you wish you paid him less.
A Closer asks how much and then decides how hard he’ll work.
A Cleaner doesn’t think about the money; he just does the work and knows you’ll be grateful for the privilege of paying him.

Cleaner Law: when you reduce your competition to whining that you “got lucky,” you know you’re doing something right.

Luck becomes a convenient excuse when things don’t go your way, and a rationale for staying comfortable while you wait for luck to determine your fate. You can’t be relentless if you’re willing to gamble everything on the unknown.

Cleaners don’t care about instant gratification; they invest in the longterm payoff.

Don’t be jealous of someone if you had the same opportunity and you let it slip away.

It takes a willingness to be dedicated, to improve, to be better. I don’t care if you’re a superstar or the weakest guy on the team, anyone can show up, work hard, and listen. Are you looking for that nonexistent shortcut, or are you ready to do things the right way? Do you want it easy, or do you want it great?

In anything you do, it takes no talent to work hard. You just have to want to do it.

Anyone can start something. Few can finish. Priorities change if you don’t constantly protect and defend them.

Part of the commitment to hard work is knowing what you have to give up to do the work . . . learning to control whatever pulls you away from your mission. You start having a little success, people notice you, it feels good . . . and maybe you start feeling a little satisfied and privileged. Trust me: privilege is a poison unless you know how to manage it.

Being unstoppable makes you an icon. And being unstoppable only comes with hard work.

Cleaner Law: When you’re going through a world of pain, you never hide. You show up to work ready to go, you face adversity and your critics and those who judge you, you step into the Zone and perform at that top level when everyone is expecting you to falter. That’s being a professional.

Do the work. There is no privilege greater than the pressure to excel, and no greater reward than earning the respect and fear of others who can only stand in awe of your results.

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.

Reading the Tape

 Dr. Steenbarger, aka the godfather of modern trading psychology, wrote: “My experience is that an understanding of (and ability to read) order flow is one important factor that separates the older, successful generation of day traders from the newbies who only know simple chart patterns and indicator readings.” continue working on the skill of reading the tape and to sell the stock on the offer when the tape showed weakness. “Reading the tape must be learned through personal experience and long observation.” keep in mind that nothing can top experience. Don’t give up. It is not always this easy to Read the Tape. But there are plays where it really is simple. And reading the tape will offer pattern recognition plays that you can exploit. Overcoming a Confirmation Bias We all fight confirmation bias. But it will harm our performance if we do not overcome it. Let the tape talk to you. And use online vehicles like StockTwits and your peers sitting next to you to gain second ...