PEOPLE GIVE IN TOO easily. They crumble, when they should push. They side-step when they should left-hook. Think back to when you were a kid and you really, REALLY wanted that ice cream. Did you take your parent’s word as gospel? Or did you ask, whinge, nag, beg, grovel, whine, stamp your foot and tantrum your…Details
Things that work I was watching my friend, and money manager of multiple millions of dollars, David Chia present. As he was talking about his system, there were some realisations I reached. Even though we have evolved separately as traders, David seems to have reached a lot of the same conclusions as I have about…Details
“Before you diagnose yourself with depression or low self esteem, first make sure that you are not, in fact, just surrounding yourself with assholes” – William Gibson.
So often we think that we should be instantly brilliant! (Far out – I know I just started trading last week, but how come I’m not raking in the millions yet? … Sound familiar?) Think of Roald Dahl. He is arguably one of the most successful children’s authors in the world. He wrote Charlie…Details
The Ugly Truth There’s an ugly truth about being a trader. Once you gain some serious control over your life, your time and your money, not everyone will be your fan. I guarantee that by the time you start to show some of the outward signs of success, you will attract people who will think…Details
Are you hiding your trades from your spouse? Your own trading psychology can stuff up your relationship.
Do you hide the trades that aren’t going well from your spouse and only show them the ones where you’re making money? Are you a perpetual bull, or a perpetual bear when talking to your spouse? Do you deluge your spouse with details about trading, until their eyes glaze over and they start looking feverishly…Details
The minute we start to feel like life is mundane is the minute we start to feel old. Ahhh… the enthusiasm and vigour of youth. Makes you envious doesn’t it! Or does it? Is it that you still feel like bouncing out of bed, eager for the day’s challenges? Or, are you feeling stale, tired…Details
Chris and I are subjected to all sorts of mind blurts from people who are researching buying shares in Australia. Many are feeding their minds crud. Here is a count down of our favourite idiot trading statements… Idiot Trading statement #10: “I can trade alone, without a Mentor… it’s easy”. Far out – Do you even…Details
Study those who are a great success in your chosen field. Find out what makes them tick. Not so that you can copy their methods verbatim. (Any trader who has bought an ‘off the shelf’ trading system knows how hard it is to follow a system they haven’t had input into themselves). Study the successful…Details