Archive for the ‘Mindset’ Category

Are You an Achiever or are You an EXCUSIOLOGIST?

Monday, March 16th, 2009

It would be a fairly safe bet that if you are reading this article then you are on the lookout for something more in your life than what you already have.

Whether you are searching for a new business, a new opportunity, a part-time income or even a lotto system it all stems from one source – dissatisfaction of present circumstances.

Now you might already be quite successful at what you do, so you might be coming from a position of boredom. Nevertheless, what you are seeking is change. Let me tell you a little secret…

There will be NO change in your life until there is a change in YOU.

Heraclitus, the Greek philosopher said, as far back as the sixth Century BC, “It is in changing that things find purpose.”

Do you want to change or do you want to keep driving a Volkswagen and pretending it is a Porsche? You are the only person who can make it happen.

Basically, if you want more out of life you have to put more into life. A fundamental way to do this is to start educating yourself.

How can you expect more in the ensuing years when the operating system in your brain is the same one that you left school with?

Everything changes all the time.

Maybe you need to change also. Re-invent yourself. Start a new exciting phase in your life. Time waits for nobody.

There are many people who I speak with who have never read a single book or attended any sort of learning experience since they left school. I actually think that’s rather sad but some of them are even proud of it. Yet when the conversation continues out pours all their problems, all their hard luck and “woe-is-me” stories.

If you’re still with me I want to ask you three questions but I would like you to think a little bit before you answer. It will probably take you a short while to answer the first question with a degree of accuracy.

So here it is, the first question: “How much time did you spend last week feeding your stomach?” Your answer doesn’t have to be exact but you should be able to work out some sort of reasonably accurate figure. Jot the answer down somewhere.

Second question: “How much time did you spend feeding your brain?” Most people will not need anywhere near as long to answer this question. Unfortunately, for many, the answer to question two will be ZERO.

So here is my third question and it’s a pretty simple one. “Why? Why do you spend so much time feeding your stomach and so little time feeding your brain?”

These questions are not meant to belittle anybody. Rather, I just want you to think about the issue.

Thinking intensely about things will often lead to action and when action is taken your world can change. That is what you want, isnt it?

Non-achievers are the excusers of society. By default they become excusiologists. They spend a lot of time and effort making excuses for poor performance. The crazy thing is that all that time and effort which was wasted on achieving nothing could easily have been used doing something positive.

You can easily recognise an excusiologist by their language.

“I’m not smart enough!” Rubbish. You don’t have to be a genius to achieve. You just have to be willing to learn. Are you willing to learn?

“Nobody in my family has ever been successful.” Great. Here’s a chance to show them something new. Break the family trend.

“I’ve never had any luck.” Really? Maybe God thinks you don’t need it. The harder you work the luckier you will get.

Be careful about what comes out of your mouth. What do most people say when you ask them how they are?

Question – “How are you?” Answer – “Not bad.” When you think about it, isn’t such a reply rather negative and silly? Not bad compared to what? It’s trash. Get rid of it. Try something innovative. Try this: “Outrageously well. Thanks so much for asking!” That will surely raise a few eyebrows.

So, getting back to what this article is all about. How much longer are you going to waste the most precious commodity you have? – TIME.

Stop making excuses and start taking action. Do something. Do it now. You could easily start educating yourself.

Good knowledge will give you potential power. Acting on good knowledge gives you power.

Try reading some good books. They can really make a change. Not sure where to start? Easy. Try try your local bookstore. Look in the “motivation – self help – personal development – success” area. There you will find dozens of books literally packed with good earthy, positive information. Most of them will contain references for even more information on these subjects. You could even enrol in a course.

After undertaking these measures there will be no excuse for being an excusiologist. I have just offered you some suggestions which will allow you to change.

Of course, you can always stay as you are. That’s your choice. But if there is dissatisfaction in your life and you want to make improvements, for heaven’s sake, do something about it!

You only get one chance at the life you are living. Make it grand. You don’t have to accept what has gone before as the template for what is to come.

Change your operating system. Gather knowledge. Expose yourself to new ideas and ways of thinking and doing things.

You have probably heard this before but it is so pertinent I will put it before you again…

There are basically three types of people in this wonderful world of ours.

1 – There are people who make things happen.

2 – There are people who watch things happen.

3 – There are people who say “what happened?”

If you have traditionally placed yourself in groups 2 or 3 by not being willing to learn new techniques and obtain the knowledge that successful people seek, then there is a very simple remedy. But you have to be prepared to do three things:

1 – invest in yourself

2 – learn some new knowledge

3 – apply that knowledge

You can make a decision today to better yourself or you can ignore my advice. It’s your choice.

Remember, there is nothing so important in your life than investing in yourself. Even if a book or seminar can teach you only one thing out of the hundreds of ideas and special pieces of information they present, it will be worth it for you. Don’t you think so? That one thing might be just the piece of knowledge that can make such a huge difference to your future.

Are you worth investing in?

If, in the past you have been prone to making excuses you have the opportunity right now to do something about it.

If you read the newspapers, watch the TV and listen to the radio you will see how much negative permeates our senses. We are flooded by it every minute of every day. Studying success principles has the power to block all that negative out of your life. It can teach you how to concentrate only on what you want.

When you learn how to shield yourself from negative you will then be free to concentrate on all the good that can come into your life.

Just look around you – this world is in desperate need of more achievers. Heaven knows we have enough negative thinkers and excusiologists. They are everywhere. My advice to you is “don’t add to their growing number.”

Join the achievers who have success thinking as their power base.

Excusiology is a chapter you will find in a subject called Failure 101. Make the decision today to become an achiever.

Whatever you decide I wish you all the best for your future.

Choose to make it an outstanding day,

- Coach

http://my-wealth-coach.com

Importance Of A Correct Mindset In Trading

Saturday, March 14th, 2009

Having the right mindset is crucial in any kind of undertaking. And market trading is just one of the many examples of career paths where having a clear and focus state of mind can make the difference between disaster and success. Market trading is a risky business and not knowing more about the ins and outs makes success even more difficult to attain. But with the right attitude you get ahead. But what are the right attitudes in trading the market?

One of the more important tips in market trading is to keep your emotions at bay. There’s no need to be emotional in a business where facts and numbers are all that matters. For example, you need not invest on stocks or trade stocks based on personal estimations. You based your decisions on known facts and calculated projections. You don’t decide because you hope the stocks will improve or you hope your investment will be a good one. Stick with the facts.

Some will argue that instincts play a great deal in making decisions in market trading. To some extent it is indeed true. However, what will help you make the correct decisions are the instincts that you developed through your time and experience in the market. But instincts alone will not make you a great and successful trader.

If you have been experiencing a streak of good luck, it would be a good thing to learn to slow down since it is not really a good idea to keep relying on your instincts or good luck. You can become so full of your self that you began to expand and trade on higher payoffs. This of course is a very common mistake and I’m telling you now that you need to avoid these kinds of decisions. Organize and develop your own set of trading rules to follow. This will allow you to step back if you find yourself in a pool of good luck and a string of successes.

Also look or cook your own recipe for success. Sure, a sound financial and educational base is needed to make a big start. Learning from others is imperative but relying on them is a mistake. And eventually, you need to accept loss. Remember that the best traders learn to lose and learn a Thoughts become actions, actions become habits and habits give you the results.
lot when they loss. Trading push you to your limit and capabilities.

Being pushed hard, traders need to maintain focus. A focus mind comes only with a clear head.

The best traders think like a winner. Thinking like a winner turns you into a winner. Identify the thoughts that you want to strengthen and focus on them regularly.

Even with pressures, you still need to go easy on yourself. There are traders who tend to be tough on themselves. A positive self-criticism is different from slapping your face too hard whenever you make mistakes. Learn from you mistakes and then let them go. Self-inflicted psychological damage is difficult to overcome, so it is best to avoid it totally.

Trading is a tough and serious business. But never be too hard on yourself. Relax. The best traders still know hot to laugh, they even laugh on themselves. Having fun and relaxing your mind also keep your mind clear and focused. Having the correct trading mindset can give you immense results and at the same time have fun while you earn your bucks. Certainly, you deserve it.

Choose to make it an outstanding day,
- Todd
http://my-wealth-coach.com

“What Really Makes You Tick?” 10 questions you should ask to yourself: a preparation to self-improvement

Sunday, March 8th, 2009

Be all you can be, but it’s not always in the Army. I often see myself as somewhat contented with my life the way things are, but of course it’s hard to think of anything else when where are real issues to be discussed.

Still I aspire for something deeper and more meaningful.

So we’re all pelted with problems. Honestly it shouldn’t even bother or even hinder us to becoming all we ought to be. Aspirations as kids should continue to live within us, even though it would be short-lived or as long as we could hold on to the dream. They say you can’t teach an old dog new tricks… or can they?

1. What do I really want?
The question of the ages. So many things you want to do with your life and so little time to even go about during the day.

Find something that you are good at can help realize that small step towards improvement. Diligence is the key to know that it is worth it.

2. Should I really change?
Today’s generation has taken another level of redefining ’self’, or at least that’s what the kids are saying. Having an army of teenage nieces and nephews has taught me that there are far worse things that they could have had than acne or maybe even promiscuity. So how does that fit into your lifestyle?

If history has taught us one thing, it’s the life that we have gone through. Try to see if partying Seventies style wouldn’t appeal to the younger generation, but dancing is part of partying. Watch them applaud after showing them how to really dance than break their bones in break-dancing.

3. What’s the bright side in all of this?
With so much is happening around us there seem to be no room for even considering that light at the end of the tunnel. We can still see it as something positive without undergoing so much scrutiny. And if it’s a train at the end of the tunnel, take it for a ride and see what makes the world go round!

4. Am I comfortable with what I’m doing?
There’s always the easy way and the right way when it comes to deciding what goes with which shoes, or purse, shirt and whatnot. It doesn’t take a genius to see yourself as someone unique, or else we’ll all be equally the same in everything we do. Variety brings in very interesting and exciting questions to be experimented.

5. Have I done enough for myself?
Have you, or is there something more you want to do? Discontentment in every aspect can be dangerous in large doses, but in small amounts you’ll be able to see and do stuff you could never imagine doing.

6. Am I happy at where I am today?
It’s an unfair question so let it be an answer! You love being a good and loving mom or dad to your kids, then take it up a notch! Your kids will love you forever. The same goes with everyday life!

7. Am I appealing to the opposite sex?
So maybe I don’t have an answer to that, but that doesn’t mean I can’t try it, though. Whether you shape-up, change the way you wear your clothes or hair, or even your attitude towards people, you should always remember it will always be for your own benefit.

8. How much could I have?
I suppose in this case there is no such things on having things too much or too little, but it’s more on how badly you really need it. I’d like to have lots of money, no denying that, but the question is that how much are you willing to work for it?

9. What motivates me?
What motivates you? It’s an answer you have to find out for yourself. There are so many things that can make everyone happy, but to choose one of the may be the hardest part. It’s not like you can’t have one serving of your favorite food in a buffet and that’s it. Just try it piece by piece.

10. What Really Makes You Tick?
So? What really makes you tick? You can be just about anything you always wanted to be, but to realize that attaining something that may seem very difficult is already giving up before you even start that journey. Always remember, that self-improvement is not just about the physical or philosophical change you have to undergo, but it’s something that you really want.

- Coach

http://my-wealth-coach.com

Attitude And Your Trading Mindset

Saturday, March 7th, 2009

Traders own their business and set its direction and as leaders they must know how to run their business which is essential to their success, frankly, attitude and your trading mindset can spell your success or failure.

Statistically, 90% of traders lose money.

The trading mindset challenge is how to face up to the challenge of making it among th 10% who make it big in trading.

One way is to understand leadership principles and see how you are applying them to your own trading business.

First, you must know why you are in the trading business, what attracted you to it, what were your motivations and will you be seriously focusing your undivided attention to making it succeed?

Many say that it is money, excitement, challenge, power and a lot of other things.
Imagine you got all of the things you wanted to get out of your trading business:

Setting your own trading mindset will help you get along the way, especially when your attitude comes into the picture.

What is your degree of discipline, how you tend to react to certain conditions and circumstances, who focused are you towards reaching your goals, do you give up easily, etc.?

Managing your energy, time and effort is one sure way to establish a habit and creating a discipline that you hope to use in shaping the path of your trading venture.

One good principle to follow is the 80/20 rule, where 20% of your efforts get 80% of your desired results.

You can focus your energy on the efforts that get you the results, or let yourself get distracted. If you allow yourself to get distracted, you are very busy, however you do not produce the result that you want in the time frame that you want.

Perception is also another useful tool in establishing the right attitude for your trading mindset.

We face challenges and difficulties throughout our trading business, but this is just a normal fact of trading.

Question is, how do you deal with these setbacks?

If you consider your losses as being the cost of doing business and an overhead for your business, then it is easier to accept the fact and move on, taking into consideration that your loss is a way for you to learn from it and avoid it from occurring another time.

It is important to realize that it is about your perception and how you view it. Losing is not an option, it is a fact of life that one has to deal with and how you perceive it whill make you reshape your path towards your trading mindset.

Of course, fear has a way of making one reluctant about a certain decision, but take advantage of the fear in making calculated risks and having other options if one trading decision does not work to your advantage.

Take ownership of your trading business, make your decisions work for you and not let others do it for you.

Trading is a stiff competitive market and a hard truth to it is that if there are winners, there definitely has to be losers, otherwise it cannot be considered a market.

Many of us put more value in others’ opinions than our own and we tend to want to be safe than sorry and if something goes wrong, we have someone else to blame, as long as it is not us.

If we follow others, we do not have to take responsibility for our results. We can blame the advice, the markets or anything else, but the sign of true leadership and the ideal trading mindset is that you should not fear mistakes, but on how to handle the consequences and eventually move on.

One of the signs of great leaders is not that they do not make mistakes. It is that they handle the consequences and move on.

Remember that the most important thing to establishing that trading mindset is not only to make decisions, but also how to live with the consequences and how to take things in stride.

Your attitude and trading mindset, if done for the right reasons, conditions and goals, will definitely spell out your advantage over others.

Choose to make it an outstanding day,

Coach

A Basic Introduction To Trading Mindset

Tuesday, March 3rd, 2009

Many people talk about the wonders of trading and how it can be best approached, but knowing how to establish and identify your entry signals can mean a lot to setting the right path to trading, therefore, a basic introduction to trading must be in order.

The primary goal to trading is for profit, since the penultimate goal for it is to sell for a profit. But do take note that trading is like gambling, where one cannot determine or tell what exact market forces are at play and what it can ultimately do to spell your trading choices.

Self determination is another key to your trading success. No one will tell you what to do next, you have to plan for yourself, expecially since there are no hard and fast rules for this career.

Other people may tell you what to do, and they could be right for a time, but do try to consider that the point is that the market fluctuates, and trading is about watching the market, analyzing it, and acting on your own.

Understand and manager your opportunities and risks.

All those people grabbing opportunities mean that the really good ones go away.
The random opportunity that most likely pops up in a trader’s life is a crisis in supply. Something has interrupted the normal flow of supply and demand, dramatically raising the price and this is a temporary chance.

Others will also be jumping on opportunities the same as you do. These may be the regular suppliers, those with surplus stock or another trader with a source elsewhere.

Wisely judge the risk and make your move.

Scamming is a career for some, so always be wary of people offering cutthroat deals or tempting offers. Thoroughly read the conditions of a contract, count zeros, and just be aware of every possible fine print on documents before signing.

Gambling to win means not letting the house make the rules. The difference between luck and success lies in the amount of risk managed. Sometimes you could get lucky and at other times not, so risk analysis and management lie at the heart of any method that can be termed reliable.

Setbacks happen and this is a risk in trading, where there are casualties and losses.  Play at the stakes and risk levels you can afford, don’t lay down all your cards and have nothing left to pick up on. Make every effort to know the market. This will help a lot in determining how you could establish the ins and outs of the market you are in.

Every trader needs to know his territory,and those item markets he is interested in

Trading is a world of compound interest, challenges and opportunities. One can invest in buying and selling more items in a single item market, you can pick up when you fell there is a slack on one item or you can diversify into other types of items.

The nature of the market is purposeful chaos. This is so because the market is the aggregate actions of thousands of people, therefore it cannot be trusted. It will change on you at the flick of a finger, void plans, erase profits, render prior knowledge obsolete or even render you penniless if you don’t play your cards right.Patterns change, so don’t just rely on it totally. As what the previous point indicates, one day it could be favorable for you, but that can change the next day, even the next hour or so. So this is a basic introduction to a trading mindset and this can help you be on your way to more profitable gains and calculated risks.

Choose to make it an outstanding day,

Coach