One of the most helpful things that anybody can learn is to give up trying to catch the last eighth – or the first. These two are the most expensive eighths in the world. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent.
They say you never grow poor taking profits. No, you don’t. But neither do you grow rich taking a four-point profit in a bull market. Where I should have made twenty thousand dollars I made two thousand. That was what conservatism did for me.
He really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend.
The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.
Speculation is a hard and trying business, and a speculator must be on the job all the time or he’ll soon have no job to be on.
The biggest risk of all is not taking one.
What you think about you bring about.
Discipline is giving yourself a command and following it up with action.
If you see it in your mind, you will hold it in your hand.
Consistency breeds familiarity, familiarity breeds confidence, and confidence breeds sales.
Until my ONE thing is done, everything else is a distraction.
Taking complete ownership of your outcomes by holding no one but yourself responsible for them is the most powerful thing you can do to drive your success.
What’s the ONE Thing you can do such that by doing it everything else will be easier or unnecessary?
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!
Success is your duty, obligation and responsibility.
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.
Never reduce a target. Instead, increase actions. When you start rethinking your targets, making up excuses, and letting yourself off the hook, you are giving up on your dreams!