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.
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.
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