Motivational Stories for Traders

Discussion in 'Psychology' started by Pension_Admin, Nov 22, 2009.

  1. madknock

    madknock

    yeah i know, its funny as heck, a drug dealing powermonger talking as if theres a world they would want to save or a better future possibly for us all... i can understand some of it myself, it is mostly born from realizing that friends and relatives now have children and that we are likely fated to leave them less than what our parents left us. so as for what the future holds and what the prevailing powers would do to less able bodies a that juncture... what will motivate you to do what?
     
    #31     Dec 1, 2009
  2. madknock

    madknock

    naw man, this is the right thread, either you have control or you dont, whats your motivation? fear like most humans? i hear its the best selling point, consumerism , white noise? oh yeah, i know paying taxes isnt a bad thing, but are taxes acceptable? do you pay them? or are you making noises because you are getting fucked but know no other way to live?
     
    #32     Dec 1, 2009
  3. That's an old Rodney Dangerfield joke...

    But it actually happened to me.. We were living in an apartment while the folks built a new house. (I didn't know where it was.)

    I came home from school one day and the apartment was empty except for a towel and a radio... not even a note... no food in the fridge.

    I got the message.
     
    #33     Dec 1, 2009
  4. madknock

    madknock

    "the BUBBLE", its motivation, i dont think ive heard that term as much until the last few years. i certainly am fortunate for avoiding bubble situations most of my life even tho i am part of the race who created this bubble, thats if you agree theres a "bubble". so were on a string with both ends on fire, rising pop on one end and ever increasing resource usage on the other. what will happen to your legacy later if you do not produce now?
     
    #34     Dec 1, 2009
  5. Mav88

    Mav88

    Motivational stories are the epitome of survivorship bias, I doubt they change the outcomes for most.
     
    #35     Dec 13, 2009
  6. The only reality...




    Thank you Jack Hershey,

    The children are the future... everyone of them. And furthermore we all have been children :D

    Don't you read : Holly Wood...

    Really cool thx !

    thx for sharing it...
     
    #36     Dec 14, 2009
  7. *** I am not sure who is the author, but I my sincere thanks to the author. ***

    The Drive To Succeed

    Few traders become consistently profitable. Some may achieve early success, but it is often short-lived. Others may hit upon a winning streak, but eventually the streak ends. It is a hard fact to admit, but long-term success eludes many traders. It is the rare trader who has a strong drive to succeed who makes it in the end. There are common traits of people who succeed, and it is vital for survival as a trader that you make sure you possess these characteristics. By acting like a success driven trader, you'll put yourself on the path to success. Make sure you possess the characteristics of the success driven trader.


    What characteristics do success driven traders possess? They persist until they reach an objective. They are not easily discouraged. They push themselves to the limits and build up their skills until they achieve high levels of mastery. And in the process, they develop rock-solid confidence. They do all of this as rapidly and as independently as possible, but they are also extremely organized and focused. When it comes to completing tasks, for example, they tend to pass quickly over easy tasks to complete more difficult ones. They set priorities and devote the bulk of their efforts to the tasks that really matter, while ignoring tasks that may have relatively little impact.

    They carefully monitor their performance and seek out feedback that is specific and concrete. They would rather have honest, accurate feedback that addresses their shortcomings in scrupulous detail than sugarcoated fluff that merely makes them feel good temporarily. They aren't afraid to face their shortcomings head on. They work independently, and focus on their own internal standards. They are not concerned with the performance of others. Although they are extremely competitive, they don't compare themselves to others. In the end, they are not consumed with doing better than others, but enjoy the process of trading. They look inward rather than outward when determining how well they are doing.

    If you want to achieve long-term success as a trader, it is essential to cultivate the mindset of a success driven trader. Work tirelessly to achieve your goals, but also be organized and spend your time wisely. For example, don't waste your time debilitating about which one of many equally potential profitable opportunities to take. Pick one and devote the rest of your time and energy to outlining a detailed trading plan. Map out strategies for entering, exiting, and controlling your risk. Once your plan is outlined, execute if effortlessly. Don't be afraid to face your limitations. Work around them, and approach them with a realistic sense of optimism: If you work hard enough and put your effort in the right places, you'll be a profitable trader. Through repeated practice, you'll eventually build the skills you need to master the markets and achieve long-term, lasting success.
     
    #37     Dec 14, 2009
  8. This sounds like something Babak, Traderzones or Trader666 would write.
     
    #38     Dec 14, 2009