“Some people say, “I can’t sell that stock because I’d be taking a loss. If the stock is below the price you paid for it, selling doesn’t give you a loss; you already have it.” —William O’Neill, Founder, Investor’s Business Daily
Category: Trading Performance and Psychology
Jan 12
No More Groundhog Years!
Knowing what you want is the doorway to getting what you want. Knowing what’s holding you back from having it is the turbo charger to creating a life that you love. “When you can’t wait to get up in the morning to do what you love serving the world you have aligned with your highest …
Jan 10
Winners Start Where Losers Give Up
Newsletter excerpt from 15 October 2010 Winners Start Where Losers Give Up Trading is not just about charts, bars and moving averages, because trading is a behavioural activity. Your trading performance is purely a reflection of your behaviour. And your behaviour is a reflection of your knowledge, skill and attitude. Last week I worked with a trader …
Jan 09
The Longevity Study
Dr. Lewis Terman started a study in Stamford in 1921 to follow the lives of 1548 children over the next 90 years as he wanted to find out what the secret to success and longevity is. In 1990 Howard Friedman Ph.D. and Leslie R. Martin picked up the study and looked at what was associated …
Jan 09
How To Practice The Discipline Muscle
The way we think can affect our ability to create wealth and also our ability to create debt.Your brain is like a 7 year old child. Just like if you raise children and you give in to every tantrum you teach them that it is a good thing to have tantrums. Integrity and discipline are …