Lets Start this Journey Together
I’ve decided to redo the blog and make it more lessons based as a form of sharing of my own learning experience.Within this posts would be my very own interaction with the market and i invite you to participate together. Before we even begin this journey, i seek you to find a greater purpose as in to why you are trading? Money? Passion? Get Rich Quick Scheme? It seems easy?
First of all i never condone Get Rich Quick Scheme, in other words it’s a scheme for you to Get Rich Quick and to Get Poor the Fastest. Why you may ask? All of us needs to learn what we need to learn from the market. Likewise it applies in our life. If you are not able to manage your money as you are now what makes you think getting rich is an option? If your purpose is Money, how would Money bring you through your drawdown period? Likewise your passion as your confidence dwindles into nothingness as you encounter bad trades after bad trades.
Have a ponder as to why you are doing this. The reasoning behind your trading would help you stay grounded in times of drawdown. The most peculiar bit is Trading is the only activity that requires yourself to pull yourself out when a trade is against you. At times we question the market as to its current behaviour. Is this a fake breakout? or is this for real? At instances like this, having a greater purpose to Trading would snap you out of it and will unconsciously you pull yourself out of the loosing trade when you can’t pull the trigger.
You ask me what’s my greater purpose. I have a soft spot for kids. They are innocent and oblivious to the things that goes around them. I will try my best to help kids from the orphanage as they are at the most disadvantage. Wouldn’t you want to grow up with a fair advantage ground? For me i would want to provide them the means to grow up in an environment that would help them nurture their minds and well beings. The other greater purpose i seek is of course my love one who has been standing by me when i have my drawdown periods.
With such greater purpose than just money wouldn’t you want to trade correctly and with an edge? Share with me in the comments box what your greater purpose to trading is and we can learn with each other.
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When asked for my goal, I picture myself as out of the rat race, spending time with my family and being able to help people.
Having lost my father at a young age, I really understand the importance of family and how the loss of a parent can impact a young child. With more time on my hands, I will be able to help young children who started off their young life with a tragedy.
I feel money is not the most important these young people need. Its that someone for them to look up to and guide them that will make the biggest difference in their lives.
If I can help just 10 kids succeed in life and ultimately become financially free, they will be able to do exactly the same and help maybe 100. Which in turn can help even more many years down the road. That is REAL compound growth.
This is what I think making a difference with your life really means.
Ken that’s truly inspirational! Anyone has anything to share?
My primary motivation behind trading is because I would like to settle down as soon as possible. Will probably ring the bell this year if my trading result reach my goal.
And once that is done, I would like to get a new home for my family. Hehe… Its time to move.
Finally when this two sacred task is done, its time to pursue my childhood dream - Open a Macdonald by the beach. Wooo~ Chill man…
And next on the list will be to go around the world to take part in Poker Tournaments. Fun fun fun…
In the process of all these, I would also like to educate as many young minds as possible about financial literacy. To me this is about making myself there first before I can share with them.
When everything else is on track, its time to create life. 2 will be just nice. A boy and a girl. Then we shall all live happily ever after.
Subsequently when total financial freedom is reached, its time for the big bois game. Setting up a business empire of my own in the Entertainment and Leisure industry. Live in the pent house of my own casino resort and hang around it to live the dream.
Wow… I’m loving it~
Financial freedom is all what we are wanted. I want to go restaurant without seeing the right side of the menu, shopping without seeing the price tag. I have my dream home. I came from a big family, we love each other, after my youngest sister and mom had pass away, I always telling myself I wanted to be with them whenever I can. I am going to build a house that all my siblings can stay together, individual house for them for their privacy but a common hall that we will meet each other every day.
Travelling is our favor, every year we are trying to organize a place to go, but some is timing, some is of course money problem, and I wanted to invite them for travelling, money is not an issue to me anymore.
Travelling with friends also one of my goal.
I want to build a home for positive thinking people, who like trading, who are wise, open minded.
And also I wanted to help poor people to live by their own. I will teach them fishing instead of only give them fishes.
Celia now i live with this quote embedded in my mind “If my mind can conceive it, and my heart can believe it, I know I can achieve it.” This will help you as you go along, remember your mind is the best gift you have. Maximize its potential!
Hello to all ! Great site. I am new here greetings to all from Poland.
Financial freedom is obviously the main goal for me.
But another important goal is to live and trade in the now,accept full responsibility for each trade and work on inner weaknesses as markets don’t hurt and they neither heal.
Trading a while is similar to undergoing psychiatric evaluation,you see yourself as you are.
Just my 2 cents.
Trading does make you look within yourself and question the demons within. As they say with a mind like a steel trap, nothing is impenetrable.