Skip to main content

The Power of a Compelling Future

 

How Will You Know Your Life’s Purpose? When You Decide What It Is!

 •According to the Massachusetts Department of Health, Education and Welfare, the most important risk factor in dying of your first heart attack is job dissatisfaction. Make sure you have a deeper meaning for your life than “I’m on that grindstone again!” 

• Victor Frankl, a Nazi concentration camp survivor and author of Man’s Search for Meaning, found his purpose in his future. He vowed that somehow he would survive, share his story and make sure that nothing like the Holocaust could ever happen again. 

• Near the end of his life, actor Michael Landon discovered a profound truth. In reminding people to live life to the fullest, every minute of every day, he developed a compelling purpose for his final days. 

Your Purpose in Life Is Up to You

Are you being efficient or effective? Being efficient means doing things right. Being effective means doing the right things.

Why Some People Don’t Win the Game of Life

So many people feel like they can’t win the game of life. Why? For these seven reasons:

1. They don’t know the purpose of the game. 

2. Even though they don’t know the purpose, they have rules for themselves and everyone else about how the game must be played. 

3. Their rules are in conflict. 

4. Even when they play by the rules, they don’t always win. 

5. Sometimes they get rewarded for breaking the rules. 

6. They have to work with other people who all have the wrong rules. 

7. They think it’s a life-and-death game, putting so much fear and pressure on themselves that they never truly live.



Comments

Post a Comment

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...
Post a Comment
Read more

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.
Post a Comment
Read more

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 ...
Post a Comment
Read more