Decision

“…in contrast to astrology, one must accept the fact that success is not due to a fortuitous concourse of stars at our birth, but due to a steady trail of sparks from the grindstones of hard work, determination, good planning, and perseverance. When it comes to the future, there are three kinds of people: those who let it happen, those who make it happen, and those who wonder what happened.”----- Abhors Arrogance

Know

If you know yourself and your enemy, you will not fear battle.
If you know yourself but not your enemy, you will lose a battle for every one that you win; and if you do not know yourself and do not know your enemy, you will never see victory.
—Sun Tzu, The Art of War

Awareness

I think self-awareness is probably the most important thing towards being a champion.
—Billie Jean King

Bob Farrell’s 10 Lessons

1. Markets tend to return to the mean over time.
2. Excesses in one direction will lead to an opposite excess in the other direction.
3. There are no new eras – excesses are never permanent.
4. Exponential rising and falling markets usually go further than you think.
5. The public buys the most at the top and the least at the bottom.
6. Fear and greed are stronger than long-term resolve.
7. Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chips.
8. Bear markets have three stages.
9. When all the experts and forecasts agree – something else is going to happen.
10. Bull markets are more fun than bear markets.

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Blindest

"Lying here, during all this time after my own small fall, it has become my conviction that things mean pretty much what we want them to mean. We'll pluck significance from the least consequential happenstance if it suits us and happily ignore the most flagrantly obvious symmetry between separate aspects of our lives if it threatens some cherished prejudice or cosily comforting belief; we are blindest to precisely whatever might be most illuminating."-- from Transition, by Iain M. Banks

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Unknown

To trace something unknown back to something known is alleviating, soothing, gratifying and gives moreover a feeling of power. Danger, disquiet, anxiety attend the unknown - the first instinct is to eliminate these distressing states. First principle: any explanation is better than none... The cause-creating drive is thus conditioned and excited by the feeling of fear ....... Friedrich Nietzsche

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Know

“Every moment in the market is unique….and you don’t need to know what is going to happen next to make money.”----Mr. Mark Douglas of Trading in the Zone

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Reflexivity

“The process is fundamentally different from the processes that are studied by natural science. There, one set of facts follows another without any interference from thoughts or perceptions (although quantum physics introduces uncertainty). When a situation has thinking participants, the sequence of events does not lead directly from one set of facts to the next; rather, it connects facts to perceptions and perceptions to facts in a shoelace pattern. Thus, the concept of reflexivity yields a ‘shoelace” theory of history.”

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