Is it Healthy to be Obsessed with the stuff?

NexusFi · 2012-07-20T19:18:12-04:00

I know its not healthy for family and career. But can that type of obsession get in the way of your success? Im long enough into my journey to know it is not just infatuation that fades and taken enough lumps to realize I wont quit. But is it counter productive to jump out of bed at 4 AM on Saturday to spend 6 hours pooring through your journal, replaying the week, working on your plan, trying to program your setups? I ask because everytime I put things aside for a time and take a break - I actually improve …

Discussion in Psychology and Money Management

Updated July 20, 2012

Is it Healthy to be Obsessed with the stuff?

July 20th, 2012, 07:18 PM

#11 (permalink)

PandaWarrior

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trendisyourfriend

Must have something to do with the Pareto principle "80% of your profits come from 20% of the time you spend". The Pareto principle can be applied to optimization efforts. For example, Microsoft noted that by fixing the top 20% of the most reported bugs, 80% of the errors and crashes would be eliminated.

Do you think you could apply the 80-20 rule in trading, ie, trade less or effortlessly while winning more?

That is the simplistic way of saying it yes, but I find I am more profitable when I trade less.

Trading is the perfect "systems" based business that Dan is such a fan of. Because once you have a system, you can scale up. And scaling up is the holy grail of all businesses. Thankfully, in our business, we do not have to add people, infrastructure and further expenses to scale up. We just add contracts and presto, a scaled up systems based business.

Simplicity is the ultimate sophistication, Leonardo da Vinci

Most people chose unhappiness over uncertainty, Tim Ferris