Time is the law of hypnotic rhythm. The lapse of time required to give permanency to thought habits depends upon the object and the nature of thoughts.
Time divides all thought habits into two classes, negative thoughts and positive thoughts. One's individual thoughts are of course constantly changing and being recombined to suit the individual's desires, but thoughts do not change from negative to positive or vice versa except throught voluntary effort on the part of the individual.
Time penalizes the individual for all negative thoughts and rewards him for all positive thoughts, according to the nature and purpose of the thoughts. If one's dominating thoughts are negative, time penalizes the individual by building in his mind the habit of negative thinking and then proceeds to solidify this habit into "permanency," of course, refers to the natural life of the individual. In the strict sense of the term, nothing is permanent. Time converts thought habits into what might be called permanency during the life of the individual.
People are not born with wisdom, but they are born with the capacity to think, and they may through the lapse of time, think their way into wisdom.
Wisdom comes only to non drifters who form positive thought habits as a dominating force in their lives. Drifters and those whose dominating thoughts are negative never acquire wisdom except of a very elementary nature.
Wisdom is the ability to relate yourself to nature's laws so as to make them serve you, and the ability to relate yourself to other people so as to gain their harmonious, willing cooperation in helping you to make life yield whatever you demand of it.
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...
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