More PMA!
“History will be kind to me for I intend to write it.”
-Sir Winston Churchill
This is what we all should be doing! Taking charge of our own futures and not let the world decide for us what it will be. Pick five things in your live that you can change today, this week or this month and set out to make those changes. Trading is only a thread of your life not your life. Make a difference to those who are counting on you. Let me end this with one more form Sir Winston Churchill. “We make a living by what we get, we make a life by what we give.”
More of What We All Need To Hear
Unless a person has given their all, and what I mean is everything they have in them and about them, should they ever think if quitting. Winston Churchill made it clear when he said, “We shall not fail or falter; we shall not weaken or tire. Neither the sudden shock of battle nor the long-drawn trials of vigilance and exertion will wear us down. Give us the tools and we will finish the job.”
-Sir Winston Churchill, BBC radio broadcast, 1941
I understand that someone might be discouraged and I will not silence a person because they do complain but rather would encourage them to evaluate their situation take stock in what they have and make the best of it. Things do not have to be easy for them to be successful. You do not need to be an gifted, talented or a natural or even an expert to be a success. You only have to be willing to pay the price. Hang in there. It wasn’t meant to be easy, but it will be worth it.
Just Because You Can Pull The Trigger Does Not Make You A Good Shot
Knowing where, when, why and how to shoot makes all the difference. Trading is no different!
“A vote (choice) is like a rifle: its usefulness depends upon the character of the user.”
-Theodore Roosevelt an Autobiography, 1913
Face the Fear And Do It Anyway!
Early on the biggest frustration that I had personally as a trader was getting caught up in the fear of losing a trade. It use to eat me up inside almost to the point of mental paralysis. Once in this mind set it would keep me out of a trade that was good and keep me I a trade that was bad. Real profits were always eluding me. It took me a long time before I could take a loss in stride and reenter the market unscathed. Loss is in part a large and even essential part of trading. The sooner one can learn and accept loss as a part of healthy trading and work with it the better trader one becomes at trading successfully and consistently.
One ought never to turn one’s back on a threatened danger and try to run away from it. If you do that, you will double the danger. But if you meet it promptly and without flinching, you will reduce the danger by half.
Sir Winston Churchill