Most people only work enough so that it feels like work, whereas successful people work at a pace that gets such satisfying results that work is a reward. Truly successful people don’t even call it work; for them, it’s a passion. Why? Because they do enough to win!
That is what lower performers do; they make others wrong for doing what is necessary in order to make themselves feel okay about doing nothing! The highest performers-the winners-respond by studying successful people and duplicating success.
Wake up! No one is going to save you. No one is going to take care of your family or your retirement. No one is going to “make things” work out for you. The only way to do so is to utilize every moment of every day at 10X levels.
As long as you are alive, you will either live to accomplish your own goals and dreams or be used as a resource to accomplish someone else’s.
Criticism precedes admiration and – like it or not – goes hand in hand with success. Keep pouring on the success, and sooner or later, the very same people who were putting you down will be admiring you for what you have done.
Don’t be confused by what looks like luck to you. Lucky people don’t make successful people; people who completely commit themselves to success seem to get lucky in life.
Treating success as an option is one of the major reasons why more people don’t create it for themselves-and why most people don’t even get close to living up to their full potential.
You can make a good living while serving a greater good.
Frankly, I don’t see markets; I see risks, rewards, and money.
The trading rules I live by are: 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules.
It can be very expensive to try to convince the markets you are right.
Everybody gets what they want out of the market.
If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it’s coming in, it’ll never happen. The market is always right.
I turn bullish at the instant my buy stop is hit, and stay bullish until my sell stop is hit.
To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time or energy on regrets and wishful thinking.
Many traders ride an emotional roller coaster and miss the essential element of winning: the management of their emotions.
Remember, your goal is to trade well, not to trade often.
Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are like three legs of a stool – remove one and the stool will fall, together with the person who sits on it.
In a gold rush, sell shovels.
You get paid in direct proportion to the difficulty of problems you solve.