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Thomas Edison once observed that the reason most folks don’t recognize opportunity when it comes knocking is that it is often dressed in coveralls and looks like work. Edison knew that anything worthwhile never comes easily; if it were easy, anyone could do it. Because he persisted far beyond the point the average person would consider reasonable and rational, he produced inventions that even the most learned people of the day considered impossible.
Good intentions may be an appropriate starting point for achievement, but they will go nowhere unless you follow through with action. A mediocre idea acted upon may be far more valuable than a flash of genius that resides only in the mind.
Developing the habit of action may be difficult at first, but the more you practice it, the easier it becomes.
Bob speaks of forming one new habit that will improve the quality of our lives or our performance. I was thinking about trading. (mim 28).
"What one thing could you do that would improve the quality of your trading results?"
--ideas -------------------
1. Not taking a trade until all factors scream "big trade" - swinging at the fat pitch only even if it means waiting several days.
2. Not trading a reversal if the approach leg is in-line with the trend of the day.
3. Only trading retracements that hit at ~50% (or a S/R level) and are in line with the trend of the day and where the trend still has 2/3 (?) or 10(?) pts of the estimated range of the day left to run.
(4.) Not trading a retracement if the stops are within 5(?) pts of the retracing direction.
-- not sure how the math works on this in line with #3 --
When you have a vision for what you wish to achieve in your life, not only will others stand aside and let you pass, but they will join you in your quest as well. They will instinctively recognize your enthusiasm and zest for living. When you speak of your passion in life, your definite major goal, they will see the intensity of your desire, and they will respond with encouragement and assistance
The goals you set for yourself. Make goal-setting a habit in your life. If you sometimes have trouble staying focused, set small, attainable goals and stick with the job until it’s done.
Character is accurately reflected in one’s mental attitude.
Without a strong foundation built on positive character traits, success will not long endure. It is virtually impossible to fake good character.
Developing good character begins with a positive attitude.
Your desire to be a good, decent, honest, considerate person must first take place in your mind. When you make the decision to become a person of character, you will also find that you are much more willing to do the right thing simply because it is the right thing to do.
A friend of mine's grandfather was a wise man who the mullahs came to seeking knowledge.
Bob watched as these scholars asked his grandfather for interpretation of the Qur'an. One day after they had left his tiny cottage in the country where they had come seeking his wisdom, Bob asked him about the teachings of the Qur'an.
Do you have a continuous improvement program for your most valuable asset?
Spend some time each day studying, thinking, and planning.
Review your long-, intermediate-, and short-term goals. How are you progressing?
“What information do I not have that would help me achieve my goals?”
The information you need and take action.