Purpose Trumps Passion

I HEARD A TRADER literally say, “Oh my god, I want to trade full-time so badly. I’m putting in 100%, and I’m going to throw everything I’ve got at it. This is my passion. I love everything about trading!” Then, I watched in dismay as they fizzled out after a series of 12-hour days watching…

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Think Ahead

IT’S SO ESSENTIAL to have long-term goals. What were you after when you got started trading? The rent paid next month? That’s pretty short-sighted. Or were you after liberation? Financial serenity? Never having to worry whether there was enough money in the bank to go on that overseas trip… first-class. Think about how you want…

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Interesting Thought

  HERE’S A GREAT thought by Seth Godin: “There’s a common mistranslation that causes us trouble. We say, “I am afraid,” as if the fear is us, forever. We don’t say, “I am a fever” or “I am a sore foot.” No, in those cases, we acknowledge that it’s a temporary condition, something we have,…

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Cane Toad Narcotics

MY FUR-NEPHEW IS a sausage dog name Wilfred. His hobby? Hunting down can toads. Once he catches one, he rolls it on its side. Then he gently squashes it with his paw and delightedly licks the oozing yellow poison it secretes from its slimy glands. Wilfred then gets an immediate hallucinogenic high, and wins an…

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Fortune Favours the Educated Bold

THE MAJORITY OF HIGH achieving traders have big brass balls. They dump them in a wheel barrow just to get around. They need them to combat the arrows of condemnation they experience from family members, work colleagues and 9-5 enthusiasts. This isn’t a gender specific comment mind you. I have just as many hugely successful…

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