Honouring your stops, trailing your stops, taking partial profits, waiting for
entries on new positions, and being patient and selective, will go a long ways to keep you on the right side of the market.
"If you think you can buy your way into heaven with money alone, you may regret that you did not convert it into good deeds instead."
Money is necessary in this life, but not the most crucial, and we should always keep in mind one's most precious possessions, People. Fulfilment comes from serving others. Right livelihood is a communal activity in which a person shares his unique gifts with the world. Life is mostly about working through problems so one can serve others, and serving others is one of the most essential element as without it life is meaningless.
W. Clement Stone often says, “The emotions are not always subject to
reason, but they are always subject to action!” Determine what you are
best at and what you like to do, and develop a burning desire to be the
best you can be at it. Then get into action!
Success in the markets has nothing to do with predicting what the market will do. Instead, it has everything to do with GOING WITH THE FLOW of what the market is doing, ACTING on your edge (assuming you have one), and EXECUTING your trades, (the good, the bad, and the ugly) properly as per your PLAN.
Well, since I began coaching in 2005 the unique feature that I have been enjoying the most is that it forces me to develop a deeper understanding of why I act the way I do. Before I can explain the procedure to anyone else, I have to have a clear understanding of it in my own mind. Working with others forces me to confront my own beliefs about trading, and in the process, makes me a better trader. That is one of the reasons. Hope this helps!
"If you had only one more day on this earth, how much sharper your senses
would be. The beauty of nature, the simple pleasures of life, would be
indescribably wonderful, and every moment would present an opportunity
to spend quality time with your family and strengthen relationships with
friends, acquaintances, and business associates. Every thought would be
laser-sharp in that highly focused state."
Today is your last day
on earth for today’s opportunities, do not let them pass you by.