A Strong Trading Mind
- Thread starter amitrandive
- Start date
Life caught you on the blind side and knocked you off your feet. You expected something, but it did not happen. You did not expect this challenge, however, it came into your life. You worked hard and did not get the outcome you wanted. No matter what your situation may be, know this..the floor is no place for a winner.
Get up. Crawl if you must. Cry, scream or shout. But get up! Lying down will not change a thing. Talking about how close you were, will not bring it about. Complaining will not put any money in the bank. Shake it off, throw away the Kleenex and get your head right! We all get the wind knocked out of us from time to time by life. Do not let it get the best of you! You are stronger than you think you are. You have the right stuff. Do not take it personally. It is called life. Get up, get busy and work your business. You have something special. You have GREATNESS within you!
Les Brown
Get up. Crawl if you must. Cry, scream or shout. But get up! Lying down will not change a thing. Talking about how close you were, will not bring it about. Complaining will not put any money in the bank. Shake it off, throw away the Kleenex and get your head right! We all get the wind knocked out of us from time to time by life. Do not let it get the best of you! You are stronger than you think you are. You have the right stuff. Do not take it personally. It is called life. Get up, get busy and work your business. You have something special. You have GREATNESS within you!
Les Brown
Things Mentally Strong People Don’t Do
http://www.success.com/article/13-things-mentally-strong-people-dont-do
Reaching your greatest potential doesn’t require you to work harder by adding desirable habits to your already busy life. Instead you can work smarter by eliminating the routines that erode effectiveness and siphon off mental strength. Here are the 13 things mentally strong people don’t do:
1. Waste time feeling sorry for themselves.
It’s futile to wallow in your problems, exaggerate your misfortune and keep score of how many hardships you’ve endured. Whether you’re struggling to pay your bills or experiencing a serious health problem, throwing a pity party only makes things worse. Self-pity keeps you focused on the problem and prevents you from developing a solution.
Hardship and sorrow are inevitable, but feeling sorry for yourself is a choice. Even when you can’t solve the problem, you can choose to control your attitude. Find three things to be grateful for every day to keep self-pity at bay.
2. Give away their power.
You can’t feel like a victim and be mentally strong; that’s impossible. If your thoughts send you into victim mode—My sister-in-law drives me crazy or My boss makes me feel bad about myself—you give others power over you. No one has power over the way you think, feel or behave.
Changing your daily vocabulary is one way to recognize that the choices you make are yours. Rather than saying, “I have to work late today,” edit that sentiment to “I’m choosing to stay late.” There may be consequences if you don’t work late, but it’s still a choice. Empowering yourself is an essential component to creating the kind of life you want.
3. Shy away from change.
If you worry that change will make things worse, you’ll stay stuck in your old ways. The world is changing, and your success depends on your ability to adapt.
The more you practice tolerating distress from various sources—perhaps taking a new job or leaving an unhealthy relationship—the more confident you’ll become in your ability to adapt and create positive change in yourself.
4. Squander energy on things they can’t control.
Complaining, worrying and wishful thinking don’t solve problems; they only waste your energy. But if you invest that same energy in the things you can control, you’ll be much better prepared for whatever life throws your way.
Pay attention to the times when you’re tempted to worry about things you can’t control—such as the choices other people make or how your competitor behaves—and devote that energy to something more productive, such as finishing a project at work or home or helping a friend with hers. Accept situations that are beyond your control and focus on influencing, rather than controlling, people around you.
5. Worry about pleasing everyone.
Whether you’re nervous that your father-in-law will criticize your latest endeavor or you attend an event you’d rather skip to avoid a guilt trip from your mother, trying to make other people happy drains your mental strength and causes you to lose sight of your goals.
Making choices that disappoint or upset others takes courage, but living an authentic life requires you to act according to your values.
Write down your top five values and focus your energy on staying true to them, even when your choices aren’t met with favor.
6. Fear taking risks.
If something seems scary, you might not take the risk, even a small one. On the contrary, if you’re excited about a new opportunity, you may overlook a giant risk and forge ahead. Emotions cloud your judgment and interfere with your ability to accurately calculate risk. You can’t become extraordinary without taking chances, but a successful outcome depends on your ability to take the right risks. Acknowledge how you’re feeling about a certain risk and recognize how your emotions influence your thoughts. Create a list of the pros and cons of taking the risk to help you make a decision based on a balance of emotion and logic.
7. Dwell on the past.
While learning from the past helps you build mental strength, ruminating is harmful. Constantly questioning your past choices or romanticizing about the good ol’ days keeps you from both enjoying the present and making the future as good as it can be.
Make peace with the past. Sometimes doing so will involve forgiving someone who hurt you, and other times, moving forward means letting go of regret. Rather than reliving your past, work through the painful emotions that keep you stuck.
8. Repeat their mistakes.
Whether you felt embarrassed when you gave the wrong answer in class or you were scolded for messing up, you may have learned from a young age that mistakes are bad. So you may hide or excuse your mistakes to bury the shame associated with them, and doing so will prevent you from learning from them.
Whether you gained back the weight that you worked hard to lose or you forgot an important deadline, view each misstep as an opportunity for growth. Set aside your pride and humbly evaluate why you goofed up. Use that knowledge to move forward better than before.
9. Resent other people’s successes.
Watching a co-worker receive a promotion, hearing a friend talk about her latest achievement or seeing a family member buy a car you can’t afford can stir up feelings of envy. But jealousy shifts the focus from your efforts and interferes with your ability to reach your goals.
Write down your definition of success. When you’re secure in that definition, you’ll stop resenting others for attaining their goals, and you’ll stay committed to reaching yours. Recognize that when other people reach their goals, their accomplishments don’t minimize your achievements.
10. Give up after their first failure.
Some people avoid failure at all costs because it unravels their sense of self-worth. Not trying at all or giving up after your first attempt will prevent you from reaching your potential. Almost every story about a wildly successful person starts with tales of repeated failure (consider Thomas Edison’s thousands of failures before he invented a viable lightbulb, for instance).
Face your fear of defeat head-on by stretching yourself to your limits. Even when you feel embarrassed, rejected or ashamed, hold your head high and refuse to let lack of success define you as a person. Focus on improving your skills and be willing to try again after you fail.
11. Fear “alone time.”
Solitude can sometimes feel unproductive; for some people, the thought of being alone with their thoughts is downright scary. Most people avoid silence by filling their days with a flurry of activity and background noise.
Alone time, however, is an essential component to building mental strength. Carve out at least 10 minutes each day to gather your thoughts without the distractions of the world. Use the time to reflect on your progress and create goals for the future.
12. Feel the world owes them something.
We like to think that if we put in enough hard work or tough it out through bad times, then we deserve success. But waiting for the world to give you what you think you’re owed isn’t a productive life strategy.
Take notice of times when you feel as though you deserve something better. Intentionally focus on all that you have to give rather than what you think you deserve. Regardless of whether you think you’ve been dealt a fair hand in life, you have gifts to share with others.
13. Expect immediate results.
Self-growth develops slowly. Whether you’re trying to shed your procrastination tendencies or improve your marriage, expecting instant results will lead to disappointment. Think of your efforts as a marathon, not a sprint. View bumps in the road as minor setbacks rather than as total roadblocks.
You’ll need all the mental strength you can muster at some point in your life, whether it’s the loss of a loved one, a financial hardship or a major health problem. Mental strength will give you the resilience to push through the challenges.
And the great news is that everyone can strengthen his or her mental muscle. Practice being your own mental strength coach. Pay attention to areas in which you’re doing well and figure out where you need improvement. Create opportunities for growth and then challenge yourself to become a little better today than you were yesterday.
http://www.success.com/article/13-things-mentally-strong-people-dont-do
Reaching your greatest potential doesn’t require you to work harder by adding desirable habits to your already busy life. Instead you can work smarter by eliminating the routines that erode effectiveness and siphon off mental strength. Here are the 13 things mentally strong people don’t do:
1. Waste time feeling sorry for themselves.
It’s futile to wallow in your problems, exaggerate your misfortune and keep score of how many hardships you’ve endured. Whether you’re struggling to pay your bills or experiencing a serious health problem, throwing a pity party only makes things worse. Self-pity keeps you focused on the problem and prevents you from developing a solution.
Hardship and sorrow are inevitable, but feeling sorry for yourself is a choice. Even when you can’t solve the problem, you can choose to control your attitude. Find three things to be grateful for every day to keep self-pity at bay.
2. Give away their power.
You can’t feel like a victim and be mentally strong; that’s impossible. If your thoughts send you into victim mode—My sister-in-law drives me crazy or My boss makes me feel bad about myself—you give others power over you. No one has power over the way you think, feel or behave.
Changing your daily vocabulary is one way to recognize that the choices you make are yours. Rather than saying, “I have to work late today,” edit that sentiment to “I’m choosing to stay late.” There may be consequences if you don’t work late, but it’s still a choice. Empowering yourself is an essential component to creating the kind of life you want.
3. Shy away from change.
If you worry that change will make things worse, you’ll stay stuck in your old ways. The world is changing, and your success depends on your ability to adapt.
The more you practice tolerating distress from various sources—perhaps taking a new job or leaving an unhealthy relationship—the more confident you’ll become in your ability to adapt and create positive change in yourself.
4. Squander energy on things they can’t control.
Complaining, worrying and wishful thinking don’t solve problems; they only waste your energy. But if you invest that same energy in the things you can control, you’ll be much better prepared for whatever life throws your way.
Pay attention to the times when you’re tempted to worry about things you can’t control—such as the choices other people make or how your competitor behaves—and devote that energy to something more productive, such as finishing a project at work or home or helping a friend with hers. Accept situations that are beyond your control and focus on influencing, rather than controlling, people around you.
5. Worry about pleasing everyone.
Whether you’re nervous that your father-in-law will criticize your latest endeavor or you attend an event you’d rather skip to avoid a guilt trip from your mother, trying to make other people happy drains your mental strength and causes you to lose sight of your goals.
Making choices that disappoint or upset others takes courage, but living an authentic life requires you to act according to your values.
Write down your top five values and focus your energy on staying true to them, even when your choices aren’t met with favor.
6. Fear taking risks.
If something seems scary, you might not take the risk, even a small one. On the contrary, if you’re excited about a new opportunity, you may overlook a giant risk and forge ahead. Emotions cloud your judgment and interfere with your ability to accurately calculate risk. You can’t become extraordinary without taking chances, but a successful outcome depends on your ability to take the right risks. Acknowledge how you’re feeling about a certain risk and recognize how your emotions influence your thoughts. Create a list of the pros and cons of taking the risk to help you make a decision based on a balance of emotion and logic.
7. Dwell on the past.
While learning from the past helps you build mental strength, ruminating is harmful. Constantly questioning your past choices or romanticizing about the good ol’ days keeps you from both enjoying the present and making the future as good as it can be.
Make peace with the past. Sometimes doing so will involve forgiving someone who hurt you, and other times, moving forward means letting go of regret. Rather than reliving your past, work through the painful emotions that keep you stuck.
8. Repeat their mistakes.
Whether you felt embarrassed when you gave the wrong answer in class or you were scolded for messing up, you may have learned from a young age that mistakes are bad. So you may hide or excuse your mistakes to bury the shame associated with them, and doing so will prevent you from learning from them.
Whether you gained back the weight that you worked hard to lose or you forgot an important deadline, view each misstep as an opportunity for growth. Set aside your pride and humbly evaluate why you goofed up. Use that knowledge to move forward better than before.
9. Resent other people’s successes.
Watching a co-worker receive a promotion, hearing a friend talk about her latest achievement or seeing a family member buy a car you can’t afford can stir up feelings of envy. But jealousy shifts the focus from your efforts and interferes with your ability to reach your goals.
Write down your definition of success. When you’re secure in that definition, you’ll stop resenting others for attaining their goals, and you’ll stay committed to reaching yours. Recognize that when other people reach their goals, their accomplishments don’t minimize your achievements.
10. Give up after their first failure.
Some people avoid failure at all costs because it unravels their sense of self-worth. Not trying at all or giving up after your first attempt will prevent you from reaching your potential. Almost every story about a wildly successful person starts with tales of repeated failure (consider Thomas Edison’s thousands of failures before he invented a viable lightbulb, for instance).
Face your fear of defeat head-on by stretching yourself to your limits. Even when you feel embarrassed, rejected or ashamed, hold your head high and refuse to let lack of success define you as a person. Focus on improving your skills and be willing to try again after you fail.
11. Fear “alone time.”
Solitude can sometimes feel unproductive; for some people, the thought of being alone with their thoughts is downright scary. Most people avoid silence by filling their days with a flurry of activity and background noise.
Alone time, however, is an essential component to building mental strength. Carve out at least 10 minutes each day to gather your thoughts without the distractions of the world. Use the time to reflect on your progress and create goals for the future.
12. Feel the world owes them something.
We like to think that if we put in enough hard work or tough it out through bad times, then we deserve success. But waiting for the world to give you what you think you’re owed isn’t a productive life strategy.
Take notice of times when you feel as though you deserve something better. Intentionally focus on all that you have to give rather than what you think you deserve. Regardless of whether you think you’ve been dealt a fair hand in life, you have gifts to share with others.
13. Expect immediate results.
Self-growth develops slowly. Whether you’re trying to shed your procrastination tendencies or improve your marriage, expecting instant results will lead to disappointment. Think of your efforts as a marathon, not a sprint. View bumps in the road as minor setbacks rather than as total roadblocks.
You’ll need all the mental strength you can muster at some point in your life, whether it’s the loss of a loved one, a financial hardship or a major health problem. Mental strength will give you the resilience to push through the challenges.
And the great news is that everyone can strengthen his or her mental muscle. Practice being your own mental strength coach. Pay attention to areas in which you’re doing well and figure out where you need improvement. Create opportunities for growth and then challenge yourself to become a little better today than you were yesterday.
At age 5 his Father died.
At age 16 he quit school.
At age 17 he had already lost four jobs.
At age 18 he got married.
Between ages 18 and 22, he was a railroad conductor and failed.
He joined the army and washed out there.
He applied for law school he was rejected.
He became an insurance sales man and failed again.
At age 19 he became a father.
At age 20 his wife left him and took their baby daughter.
He became a cook and dishwasher in a small cafe.
He failed in an attempt to kidnap his own daughter, and eventually he convinced his wife to return home.
At age 65 he retired.
On the 1st day of retirement he received a cheque from the Government for $105.
He felt that the Government was saying that he couldn’t provide for himself.
He decided to commit suicide, it wasn’t worth living anymore; he had failed so much.
He sat under a tree writing his will, but instead, he wrote what he would have accomplished with his life. He realised there was much more that he hadn’t done. There was one thing he could do better than anyone he knew. And that was how to cook.
So he borrowed $87 against his cheque and bought and fried up some chicken using his recipe, and went door to door to sell them to his neighbours in Kentucky.
Remember at age 65 he was ready to commit suicide.
But at age 88 Colonel Sanders, founder of Kentucky Fried Chicken (KFC) Empire was a billionaire.
Forgive yourself and move on. Release the need to rehash, review or relive what you could have, should have or would have done. Instead, be aware of what you learned about yourself.
Look at what the situation showed you that you were unwilling to see. Forgive yourself...despite your choices, actions or inaction and in spite of your lack of knowledge or misplaced trust. There may be consequences and responsibilities that you must face.
Avoidance and denial are poor substitutes for decisive action. Stop swinging at yourself with a super-sized bat. Put it down, pick yourself up, dust yourself off and know this..you will learn to trust yourself again, despite what you may be feeling now. Be gentle on yourself. Choose to be stronger, wiser, more courageous, determined, and committed to living in the present and building a brighter future for yourself. Remember, you have something special. You have GREATNESS within you!!
Les Brown
Look at what the situation showed you that you were unwilling to see. Forgive yourself...despite your choices, actions or inaction and in spite of your lack of knowledge or misplaced trust. There may be consequences and responsibilities that you must face.
Avoidance and denial are poor substitutes for decisive action. Stop swinging at yourself with a super-sized bat. Put it down, pick yourself up, dust yourself off and know this..you will learn to trust yourself again, despite what you may be feeling now. Be gentle on yourself. Choose to be stronger, wiser, more courageous, determined, and committed to living in the present and building a brighter future for yourself. Remember, you have something special. You have GREATNESS within you!!
Les Brown
Most Common Trading Mistakes That You Probably Still Make
http://www.tradeciety.com/common-trading-mistakes/
Awareness is the first step towards improvement and that is why we collected the 44 most common mistakes a trader can make. Making mistakes is not bad at all and it is part of the process, but when mistakes are made repeatedly, bad and unprofitable habits are formed. The more bad behavior you can eliminate from your trading, the better.
Too long to post here , those interested can read the entire article here.
http://www.tradeciety.com/common-trading-mistakes/
http://www.tradeciety.com/common-trading-mistakes/
Awareness is the first step towards improvement and that is why we collected the 44 most common mistakes a trader can make. Making mistakes is not bad at all and it is part of the process, but when mistakes are made repeatedly, bad and unprofitable habits are formed. The more bad behavior you can eliminate from your trading, the better.
Too long to post here , those interested can read the entire article here.
http://www.tradeciety.com/common-trading-mistakes/
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