Money Management

 

Limit your size in any position so that fear does not become the prevailing instinct guiding your judgment.

Joe Vidich

12 Laws Of Significance

1. Practice obedience instead of free will agency.
2. Exercise perseverance instead of patience.
3. Proactively stretch instead of change.
4. Trust predictability instead of hope and faith.
5. Know the whole truth instead of believing what you think.
6. Focus on winning instead of team.
7. Do right instead of seeking to be best.
8. Experience harmony instead of forcing balance.
9. Accept others instead of jugging them.
10. Love and be needed instead of romanced and used.
11. Establish covenants instead of making commitments.
12. Forgive instead of apologize.

------Dan Clark , The Art  of Significance.

Note : Are you practice these laws to be a Significance Trader ?

Desires

Our desires dictate our priorities, priorities shape our choices, and choices determine our actions. What is your trading desires ?-----Jimmy Chow

Trading Like A Camera

Life is like a camera...
Focus on what's important,
Capture the good times,
Develop from the negatives,
And if things don't work out,
Take another shot-----Jeffrey Slayter

Note: Same as trading...

Thoughts

If you change your thoughts, you will change your emotions. If you change your emotions, you will change your actions. And if you change your actions, you will change your results.-------- Author of the book " The Power Of Consistency "

Start Thinking

When you start thinking like a success, you start feeling like a success. When you start feeling like a success, you start acting like a success. When you start acting like a success, you start creating  successful results. And next thing you know, you are living your dream.----Weldon Long : Author of the book " The Power Of Consistency "

Cyclical

Two rules for investing/trading :

Rule number one : most things will prove to be cyclical

Rule number two : some of the greatest opportunities for gain and loss come when other people forget rule number one

------Howard Marks

True

Panics do not destroy capital—they merely reveal the extent to which it has previously been

destroyed by its betrayal in hopelessly unproductive works.-----Michael W. Covel