Pound Trader Weekly Message

You don't make progress by standing on the sidelines, whimpering and complaining. You make progress by implementing ideas.

Faith in your own powers and confidence in your individual methods are essential to success.

Roderick Stevens

The real edge separating wealthy traders from failed ones is their mental approach to markets.

Pleasure is more in contemplation than in realization.

Nothing is a waste of time if you use the experience wisely.

Continuous effort - not strength or intelligence - is the key to unlocking our potential.

http://www.forexfactory.com/showthre...55#post8097255

Golf is a lot like taxes. You drive hard to get to the green and then wind up in the hole.

source: http://jokes4us.com/miscellaneousjok...nersjokes.html

When you're feeling down, insecure or worthless, and you don't know wether your hard work will pay off, don't stop working on your dreams ! It really isn't about how hard you hit, it's about how hard you can get hit and keep moving forward, that's how winning is done, that's what makes a champion.

The man of wisdom is never of two minds; the man of benevolence never worries; the man of courage is never afraid. -Confucius,551 BC-479 BC

The voyage of discovery is not in seeking new landscapes but in having new eyes.

“I am determined to be cheerful and happy in whatever situation I may find myself. For I have learned that the greater part of our misery or unhappiness is determined not by our circumstance but by our disposition.”

― Martha Washington

There are only two mistakes one can make along the road to truth; not going all the way, and not starting.

Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.

Progress is impossible without change, and those who cannot change their minds cannot change anything.

One of the hardest things to do is accept negative feedback.

Now, most people will refer to this as "failure." If you're a normal person, who's been through normal school, then it's been drilled into your brain that failure is bad, and should be avoided at all costs.

Or maybe you played sports and got yelled at when you made a mistake.

One of my favorite commercials of all time is with Michael Jordan. Now like him or hate him, he and Nike (and whatever marketing company they used) made some pretty good ones.

The one I'm talking about is when he slowly talked about all his "failures."

Like taking the last shot at the buzzer, and missing.

Like all the games he's lost.

Like all the times he choked during the playoffs when his teammates were depending on him. Then he listed all the shots he missed (in the thousands) all the games he's lost (at least in the hundreds).

Then he said, "I've failed again, and again and again and again."

Then he looked at the camera and said:

"That, is why I succeed."

The CEO of Sony, who took their company from when "made in Japan" meant junk to a global leader in electronics was asked, "How do we double our success rate?"

"That's easy," he responded.

"Double your failure rate."

Even Babe Ruth struck out more than most people realize.

What is failure, anyway? It's the natural feedback mechanism that's built deep into your brain.

It's what helped you walk, talk, read, write, and everything else you know to do.

If failure didn't happen, learning would be impossible.

If learning was impossible, we'd all be monkeys throwing poo at each other!

So why is "failure" so scary?

Maybe because we associated it somehow with negative social pressure. Maybe we forgot that there's ALWAYS a next time.

To be sure, if something really important is on the line, like a job promotion, or a championship game, not getting what you want really, really sucks.

But what's the alternative? Not play? Not try? That sucks even more!

Your entire life is the sum total of your day to day behaviors and accomplishments. Your day to day behaviors and accomplishments are based on how you view the world, and how you view yourself.

Change one, and you'll change the other.

Change the cause, and you'll necessarily change the effect.

YOU are the cause. Your world is the effect.

When you embrace ALL feedback, both good and "bad," then you'll know the real secret of achieving anything.

That ANYTHING is possible.


George Hutton

What light is to the eyes - what air is to the lungs - what love is to the heart, liberty is to the soul of man.

Hi, Poundtrader

Great quote, there is no point looking for the holy grail- WE ARE IT. Once a trader realises that, they have the key!

MT