After watching some of your videos I felt really good. I believe Im a better trader when in the right state of mind.
"spirituality" videos - Part II
- Thread starter smallStops
- Start date
Psychology AND spirituality are also one key component for profitable trading. Discretionary trading is really a mind game, so the less toxins in your mind, the more positive things you add on it, the better. 
I am realising how really lucky I have been to be helped by my coach, and I realise that I will never be able to repay him, nor thank him enough for his goodness. I can really say I got really lucky!
Really interesting discussion about transparency and hiding truth.
Best to keep things quiet till THE event! Later on we will be able to shout it LOUD! YEAH !
Looking forward to travel now, but I have to wait a bit for these tickets. If it were just up to me, I'd be on a plane just today!lol!
Trading is a GREAT activity. One can bring it while travelling.
Best to keep things quiet till THE event! Later on we will be able to shout it LOUD! YEAH !
Looking forward to travel now, but I have to wait a bit for these tickets. If it were just up to me, I'd be on a plane just today!lol!
Trading is a GREAT activity. One can bring it while travelling.
Belief system to examine : one needs to take more risks to make more money.
First, now that I can see the fantastic miracles that can be done with low risk var, I have to study where this belief of more risk = more money. I am now really starting to see that it is not true.
First, now that I can see the fantastic miracles that can be done with low risk var, I have to study where this belief of more risk = more money. I am now really starting to see that it is not true.
Let examine the belief MORE risk creates MORE rewards
http://www.marketwatch.com/story/greater-risk-does-not-always-equal-greater-return-2013-01-10
It is a very interesting coincidence the article starts with
"A finance professor and a student were walking on campus one afternoon together, when the student spotted a $20 bill on the ground and reached down to pick it up. âDonât bother,â the professor said. âIf it were really there, someone would have taken it already.â
"
LOL.
May be not a good idea to get a formal education in finance!
It is a very interesting coincidence the article starts with
"A finance professor and a student were walking on campus one afternoon together, when the student spotted a $20 bill on the ground and reached down to pick it up. âDonât bother,â the professor said. âIf it were really there, someone would have taken it already.â
"
LOL.
May be not a good idea to get a formal education in finance!
Related beliefs to more risk = more rewards :
* There is no free lunch ( in investing)
* Take more risk, and you get the potential for greater return
* No pain, no gain
* There is no free lunch ( in investing)
* Take more risk, and you get the potential for greater return
* No pain, no gain
Let's get into examining this belief :
more risk = more rewards.
associated beliefs first.
more risk = more rewards.
associated beliefs first.
The associated beliefs come from some quotes such as :
"if you want to earn higher returns, be prepared to suffer grievous losses from time to time. And if you want perfect safety, resign yourself to low returns. "
This belief of high risk = high return will lead to the belief
"best way to spot investment fraud is the promise of safety and high returns. If someone offers you this, turn 180 degrees and do not walk - run".
Others quotes
"high-risk societies - or crisis periods in stable societies - result in high investment returns- if those societies survive".
Here the high-risk is synonymous to high volatility.
Aka high risk = risk in high volatility environment = higher rewards...
"if you want to earn higher returns, be prepared to suffer grievous losses from time to time. And if you want perfect safety, resign yourself to low returns. "
This belief of high risk = high return will lead to the belief
"best way to spot investment fraud is the promise of safety and high returns. If someone offers you this, turn 180 degrees and do not walk - run".
Others quotes
"high-risk societies - or crisis periods in stable societies - result in high investment returns- if those societies survive".
Here the high-risk is synonymous to high volatility.
Aka high risk = risk in high volatility environment = higher rewards...