I still don't understand why I get excited seeing new developments sprout left and right that deal with real estate. Perhaps, my skills will be used to become part of these projects in the future. It must be a joy to leave a legacy for the next generation to enjoy. I choose not to elaborate until I get my big break.
I just placed two entries today. It's the first time that I've changed the lot size to a bigger value. I wonder what will be the net effect? Cannot wait to see the trades close. I'm not afraid of the downward movement of the candles. When they go down, they will soon pull back up again.
A Loss is a loss. Let Go and Move On. I hope this video will sort of calm down those who hit a loss or will hit a loss in the future. However when we remember instances on when to exit and stick to the basics, these potential losses could have been avoided. Just watch this video.
Still, do not give up on trading. When one entry does not work out, do not be so attached to the loss. There will be other entries wherein you can recoup the loss made. In the end, what matters most is how you traded. With a sharp mind, desiring heart and a disciplined self, all will be made well again in due time.
When you feel like losing on a big trade, giving up on the calling to be a trader, doubting your skills and running away but don't know where to go? Take time off and watch a movie to calm yourself down. Let me share one of the movies that brought a smile on my face. It helped me defeat fear and worry. It's quite inspiring. It brings back the kid in us once again.
Everything starts in the mind. For every thought that you put in your head, every word that you say, every image that you portray in your vision becomes who you are. The secret ingredient in being great is nothing. It is the will of the mind to keep moving forward and headstrong face daily battles.
The future is important but there is always a process. We cannot just dream about the future without taking considerable steps to reach our goals. Start living in the present. Make sure that to all fellow pippers out there, start harvesting those PIPS to reach your dreams.
A trader's life has highs and lows. It is with a sound mind that one can keep peace and yet remain on this game. The wise would say that it better to be a giver than to be the receiver all the time. I would suggest that we set aside 10% of all our income and give it to advance the works of His kingdom on Earth. We can choose to sponsor foundations as well and give consistently to support their works. In my case, I've chosen to support this foundation: www.cleft-foundation.com
In addition, we set aside 15% of total earnings to buy certified precious metals. Currently, our paper money has been floating freely without being backed up by Gold. Unlike in the past, the currency of one's country has been pegged to its Gold reserve. Just like the basic rule of economics, at one point, all systems will self-correct and thus this this will give more value to Gold. Buy low and sell high. Gold, as ignored by many people is valued at a lower price. Looking ahead, 20 to 30 years from now, Gold's importance as a value indicator will drive its price up. Start storing Gold and reap the rewards later.
Aside from thinking of the future, it is best that we live the moment in the present. We continue to sow what we reap each day, one day at a time. We give a portion that is duly His (God's) and we reap the rewards from Heaven and also bear the rewards of success here on Earth.
Here are some bible verses on "Giving".
1 Corinthians 16:2
On the first day of every week, each one of you should set aside a sum of money in keeping with his income, saving it up, so that when I come no collections will have to be made.
Acts 20:35
... remembering the words the Lord Jesus himself said: 'It is more blessed to give than to receive.
Luke 6:38
Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you.
Proverbs 11:24
One man gives freely, yet gains even more; another withholds unduly, but comes to poverty.
One cannot buy health. I've heard stories of successful people who reached the heights of their careers and yet end up miserable. They do not look good or feel great anymore. We only have one body and so we ought to take good care of it.
Although in our minds, we think that we make efforts in caring for ourselves. But the reality is that we fall short and become victims of this fragmented and so-called regulated marketplace where we buy and sell food items. With great marketing plans, big multi-national firms capitalize on people's greed and fear at the expense of the shortening or harming the lives of everyone. They know how to take advantage of the system. This leaves consumers with no choice. And so, BUYERS BEWARE.
This is a helpful video of what I meant that consumers blindly kill themselves slowly when they do not exert extra effort in knowing where they get their food. Check out this video below.
Wealth
Financial independence gives you security and stability. Start working on it by looking at things in the eyes of the investor. It is better to grow things than continually depend by getting constant favors and dole outs from family and friends. Start planning and continue on believing. As we start the journey of trading, keep in mind this video: Parable of the Talents. This illustrates that to whom much is given, much is required. All is well when we have the right attitude. As stewards of future success in trading, the more skin in the game we have then there is a bigger role for us to protect our capital and yet grow it even bigger.
Spiritual Alignment
When the verticals are aligned in recognizing the purpose of our existence, the horizontals in our lives start functioning well. - Anonymous
Faith is being sure of what we hope for, being convinced of what we do not see. It is allowing miracles to happen in our lives. Just do it, leapfrog to greater heights and be transformed!
Relevant Christian Verses...
John 10:10
The thief comes only to steal and kill and destroy. I have come that they may have life and have it to the full.
Hebrews 11:22
Faith means trusting God and doing what He wants, regardless of the circumstances or consequences.
John 15:16
You did not chose me, but I chose you and appointed you to go and bear fruit, fruit that remains, so that whatever you ask the Father in my name, He will give you.
Matthew 25:21
His master answered, Well done, good and faithful slave! You have been faithful in a few things. I will put you in charge of many things. Enter into the joy of your master.
Matthew 9:37
Then He said to his disciples, "The harvest is plentiful, but the workers are few".
As a Christian trader, He has amazing plans for you/ us, plans to prosper us and not harm us. Do not be myopic. We should try to see the bigger picture. In trading, a loss is a loss. But never give up on seeing the bigger picture of more possibilities if we get our way of thinking right again. When you fall, what matters most is how we respond to the fall. It is having the ability to jump right back at the game with a bolder, fiercer and wiser tactics along with a great attitude of success.
I started appreciating this song, Don't Stop Believing by Journey after attending the SRDC bootcamp in Phuket, Thailand. It talks about living one day at a time and to never stop having faith in what you do. Perhaps, I leave the other messages of the song to your interpretation.
As I downloaded the music in youtube, I came across this video of a Filipino by the name of Arnel Pineda singing, "Don't Stop Believing" in Oprah Winfrey's show. Arnel's life story pretty much reflect this piece. He came from humble roots. His mother passed away and his father had a hard time making ends meet for the family. Arnel had to quit school and was forced to make it on his own. Using his gift in singing, he formed his band and sang in bars. When his video was uploaded in youtube, Neal Schon of Journey reached out to him. He was later recruited to become the lead vocalist of the band.
As part of my reflection, trading is not just having the skills to make the trade. It is 99% psychology. Success starts when you start believing and continue keeping the faith alive. If we are persistent, we are bound to get it and if we are consistent, we will keep it.
As we start managing our money, there are two things that define us: first is our patience when we have nothing and second is our attitude when we have everything.
I wake up everyday Doing the usual pray Giving thanks to all I say Figuring out a good way But all said and done Think of ways I might have won Sharp as a double-edged sword Cracking up mysteries of my word Little do I really know Life's wonders they throw At the end, a journey and a battle All I say is not to just babble Listen to others To see their wonders A treasure, a ray of hope All I need is to cope
Help me I pray To know which path to take If you show me the way Perhaps someday I'll be awake Now, the journey of a trader begins...
