DayTradingLife - Mind, Method and Money Management - by Dowboy

Day Trading ‘Expectancy’ Simulation

dowboy — Sun, 13 May 2012 17:53:10 +0000

‘Monte Carlo & Mersenne Twister’ Trading Simulators

Day Trading Simulation PDF FREE Trading PDF

Trading Simulator
Here’s another ‘FREE Trading Spreadsheet that you might find useful;

A ‘Monte Carlo Expectancy Simulator.’ Several years ago I stumbled across a simple ‘Excel Monte Carlo Trading Simulator’ on a trading forum. I decided to create my own version that was a little bit more indepth in statistical feedback, yet based on the “KISS” mentality; “Keep It Simple Stupid.”
A key word & concept to take notice of here is the word ‘Expectancy.’ This type of ‘Spreadsheet Trading Calculator’ does hold some value in depicting possible ‘probable’ outcomes that are derived from some of your entered trading metrics; namely;

User Defined Trading Metrics

Win Rate
Average Risk % Per Trade as a function of account equity
Average Return for the amount of Risk Taken
Commissions/Slippage incurred per round trip

1st of all, this ‘FREE Monte Carlo Trading Spreadsheet’ isn’t ground-breaking in anyway, although the ‘Horizontal Frequency Distribution Graph’ I’ve managed to incorporate (Thank you again Teylyn) in this Excel Trading Spreadsheet isn’t something I’ve seen anywhere else; well, not depicted or formatted this way at least.

There are some very good shareware ‘Trading Simulators’ available & most trading software platforms incorporate some kind of trading simulation functionality for backtesting & forward test modelling to evaluate your prospective & current trading systems with many ways to adjust parameters to optimise & vary performance results. Here’s just 1 link to an off the shelf trading simulator; namely the ‘Zen Monte Carlo Simulator’ by a rather clever man by the name of Volker Butzlaff.
Zentrader.de
As a note, one nice feature of this software is the (data scrambling) functionality concerning the generation of synthetic price data on basis of original historical data (EOD, Intraday etc.) Worth taking a look.

Van Tharp & ‘R’ Multiples.

It’s almost impossible to speak about trading in relation to risk & position sizing without mentioning the demigod in this field; probably the leading expert in position sizing & money management; namely Dr.Van Tharp Ph.D. His very useful concept of R, R-Multiples & Trade Expectancy. I don’t feel the need; nor am I trying to reinvent the wheel here; so here’s a link to Dr. Van Tharp’s explanation of what ‘Expectancy’ is.
I’d rather lead you here than just repeat or paraphrase his explanation.
Van Tharp-EXPECTANCY

Side Note:
Although Van Tharp speaks in terms of;

‘R’ (Basically £’s at risk per trade.)
‘R Multiples’(A great way to evaluate your trade’s performance in relation to your initial risk.)
‘Expectancy’ (Your trading system’s “Mean Or Average R-Multiple Generated.”)

“Expectancy Tells You The Net Profit Or Loss That You Can Expect Over A Large Number Of Single Unit-Trades.”
Dr. Van Tharp; (page 135 – Trade Your Way To Financial Freedom).

I would like to point out that my ‘Monte Carlo Trading Simulator’ generates results using a constant ‘R’ for all trades.

All winning trades are derived from a consistent risk % per trade that never varies.
All Losses are also derived from the same % of initial risk.
A key determining factor for every trade is that it is based on your systems ‘PAYOFF RATIO’ (Simply your systems AVERAGE profit per trade divided by your systems AVERAGE loss per trade) It also takes into account all the
‘User Defined Trading Metrics’ mentioned earlier.

So, this doesn’t show the random variations in returns that a real life trading scenario would. So the significance of ‘R’ as an evaluation metric or KPI to compare the performance of 1 trade against another is really non-applicable here.
‘R’ & Multiples or ‘R’ are extremely important; their true value being in quantifying, evaluating & ultimately being able to compare each of your trades against one another. This then leads onto ‘R-Multiples’ telling you the efficiency of your system; pen ultimately the ‘Expectancy’ of your system over ‘x’ amount of trades.
Just to add; Maybe The Holy Grail of Trading is using ‘R’ to;

“Keep Your Losses To 1R As Often As Possible
& Your Profitable Trades High Multiples Of R.”

Why I Created These Trading Simulator Spreadsheets?

The reason I created this trading spreadsheet?
Really it was to aid traders via immersive interaction; induce & cultivate a mindset that’s geared NOT towards a winning & losing mentality, but one that nurtures & promotes a state of mind that’s founded within the concept of positive expectancies. So; thinking & trading in terms of risk reward ratios, trading with objectivity; seeking a positive expectancy as an end result; one must trade whilst holding in the mind’s eye a larger/ bigger picture of trading success. Trading success cannot be obtained trading from a constant macro perspective.
It’s trading from multiple perspectives that encompass thinking in terms of PROFITABILITY. I suspect some of you, if not all of you were expecting me to say “You Must Trade In Terms Of Probabilities.” You seek a ‘Positive Expectancy’ that within a ‘basket’ of trades over ‘x’ amount of time you are a net winner. You trade for PROFITABILITY over the long run, which means trading to predetermined objectives that envision a positive expectancy.

“SUPER TRADING IS NOT ABOUT PROBABILITY; IT’S ABOUT PROFITABILITY!”

Please remember:

Trading is about having a profitable system; a trading system that has a positive expectancy over the long run. Having a high win rate usually is associated with small profits (& usually large losses). The best trading systems are quite often a little over break even on win rate %. Seek positive expectancy in your trading system. Trade for profitability defined & aligned by your objectives. Probability does play a role within actualized trading; but its governor is PROFITABILITY!

Day Trading Simulator Gallery

Trading Simulator Download Area

Monte Carlo

“Monte Carlo” Day Trading ‘Expectancy’ Simulator– Excel 2010 (.xlsm)

Mersenne Twister

“Mersenne Twister” Day Trading ‘Expectancy’ Simulator– Excel 2010 (.xlsm)

Random.ORG

“Random.ORG” Day Trading ‘Expectancy’ Simulator– Excel 2010 (.xlsm)

Trading Simulator Features

There are 3 different versions to download.
The only variable being in how the random numbers are generated.
The ‘Monte Carlo’ version uses the Excel inbuilt ‘RAND()’ function.

The ‘Mersenne Twister’ version is using a FREE excel Add-in via RiskAMP.com, (Thanks again Duncan Werner for responding to my request for a fully working Excel 64bit 2010 version). Basically this still a pseudorandom number generator “That has been designed specifically to rectify many of the flaws found in older algorithms,” (Namely Monte Carlo) at least that is what Wikipedia states, so it must be true!
Finally; the ‘Random.ORG’ version. A very nifty import utility (courtesy of Norie; Excel Coding GURU) that allows the import of Random.ORG random numbers.

“The Randomness Comes From Atmospheric Noise, Which For Many Purposes Is Better Than The Pseudo-Random Number Algorithms Typically Used In Computer Programs.”
(Taken From Random.org’s website).

A few features worth mentioning that I’ve managed to integrate within all 3 of these Trading ‘Expectancy’ Simulators.

A frequency Distribution Graph, that I haven’t seen elsewhere depicted this way in excel format. (Thanks again Teyln).
A ‘Statistical Probability’ of Consecutive WINS & LOSSES table-with a custom user input.
Drawdown Recovery (%).
Most Consecutive Wins & Losses (Numerical & £’s amount).
Largest Losing Streak Results (£’s).
Largest Losing Trade (£’s) & its cell reference-location within the 500 random trading simulation.
Lowest Equity Low (£’s).
Total Wins & Total Losses (Numerical & £’s).
Average Trade Win & Loss In (£’s) & as a (%).
Peak Gain (£’s).

As mentioned before; there is nothing groundbreaking here; & you can view ALL the code within ALL these FREE Trading Spreadsheets. I purposely haven’t password protected any part of these trading excel spreadsheets. This might aid/push some of you to try & ‘tweak’ or create your own versions; BE CREATIVE!

“To Live A Creative Life, We Must Lose Our Fear Of Being Wrong.”
(Joseph Chilton Pearce)

Why Use A Simulator?

In Malcolm Gladwell’s book ‘Outliers’ Gladwell submits that it takes 10,000 hours of commitment to become highly successful in any endeavour.
K. Anders Ericsson in his book ‘The Road To Excellence,’ estimates a figure of 10 years. Why is this important, & what has this got to do with Trading Simulation?
The above points towards mastery within the ‘conscious competence learning matrix model.’
To Super Trade, one must achieve a level of thought/behaviour that is congruent with ‘Unconscious Competence’ (although the STD ‘Conscious Competence’ learning model is well known as a 4 box matrix model, I ask you to consider, & I’m in agreement with integrating a 5th element, a feedback loop. Image: “Will Tayor’s – Competency Matrix.” courtesy of: Businessballs.com
I mention competence as this is the partner; & an essential ingredient to Super Trade. Partner to what you might question?

“Objectively, Super Trading Seems To Be A Behaviour SKILL, Trading In A State Of Unconscious Competence. The Irony Is That Super Trading Is 100% Psychological!”

If Super Trading IS 100% psychological, how does psychology play its part when using a trading simulator?

Can you handle PSYCHOLOGICALLY the trading simulator’s projected drawdown figure?
Can you handle PSYCHOLOGICALLY the strings/clusters of losses over time?
Can you handle PSYCHOLOGICALLY a moderate (example: 50%) Win Rate; knowing you are wrong 50% of the time?
Are you PSYCHOLOGICALLY disciplined to consistently stick to a pre-determined Risk allocation %, even after a string of losses?
Can you PSYCHOLOGICALLY adhere to your system in different market conditions?

The Take Aways

OK. What can you take away from this post & my “Day Trading Expectancy Simulator Spreadsheets?”
Pareto gave us the 80/20 Rule. So; ‘Pareto Style,’ what can I give you in a nutshell that will give you the most bang for your buck regarding these Trading Simulation Spreadsheets?

3 Words; OBJECTIVES, RISK, FREQUENCY

ALLWAYS Trade with Pre-determined OBJECTIVES. Thus try seeking parameters within these ‘Expectancy’ Simulators that will match & be congruent with your trading OBJECTIVES.
UNDERSTAND Position sizing; your allocation of RISK in £’s per trade to meet your OBJECTIVES. It’s Critical.
FREQUENCY. Be aware that having a desired (£) amount to attain whilst integrating correct position sizing can only be achieved if you have enough trades to meet your desired £() outcome. The FREQUENCY of your trades plays a huge role in how quickly you can obtain your desired outcome. Look for a strategy (Or combine strategies) that generate enough buy/sell signals that with realize your goals over time.

Gamblers Fallacy

#Side Note: Something I’d like to mention as it does crop up a lot, namely ‘Gamblers Fallacy.’ A common ‘Belief’ is that after a string of losing trades, your odds of winning on the next trade seems more probable, a regression to the mean; so you should increase your position size on the next trade. (MARTINGALE).
Larry Williams states: "After You Have Had 3 Or 4 Losing Trades In A Row, The Probability Of The Next Trade Being Not Only A Winner But A Substantial Winner Is Way In Your Favour."
The implication here is that the probability of winning each trade is somehow influenced by the result of the previous trades. Not true for coin tossing & most other random events. Coins have no memory of what side came up last. Each toss is totally independent of the previous one.
Proponents of ‘Martingale Strategies argue that in real trading, each trade isn’t independent of the previous trade.
Example: If you trade a breakout system, maybe after several failures success is more likely. The problem is, We Don’t Know in advance which trial will benefit from increased size. So increasing position size could leave you with a large loss; especially if you are increasing your risk per trade as your account is reducing in (£) value.
Whilst you can conceptualize where Larry is coming from with his ‘Winning Probability’ idea, Martingale strategies are potentially very dangerous if used consistently as a longer term position sizing strategy.
I’m not talking here amount ‘Averaging’ in on a trade incrementally. What Larry is saying is; if you lose say 4 times in a row, your 5th trade is way in your favour to be a winner.” POTENTIALLY VERY DANGEROUS, IF NOT DISASTROUS. Please; don’t fall foul to this methodology.
#Some info adapted from Larry Sander’s website; http://www.tradelabstrategies.com

#Recent Event 2012: Trader Bruno Iksil – $2bn Loss; J.P. Morgan,
a ‘Martingale Strategy’ surely?

#Also Note: My trading simulator spreadsheets have an integral ‘Statistical Probability Win/Loss Calculator, so you can see statistically how many winners or losers in a row you can expect over the 500 random simulated trades, or a user defined number of trades, taking into account your win rate.
This is important because if you have a system with a win rate that is little over break even, you could potentially expect to have a large number of losses in a row, (which my expectancy calculator would depict). If you were using a Martingale strategy as your account equity decreased, this could be catastrophic. The words “Margin Call” comes to mind!

‘Martingale’ Strategies For Trading Are Dangerous-They Just Don’t Work.
‘Anti-Martingale’ Strategies Are NOT Dangerous & Do Work -IF Implemented Correctly!

“Anti-Martingale Strategies, Which Call For larger Risk During A Winning Streak, Do Work – both In The Gambling Arena & In The Investment Arena.”
Page 285 – Trade Your Way To Financial Freedom. – Dr.Van Tharp, PhD.

Summary:

A Trading metaphor;

“Envision in your mind’s eye an artist; one of the greats.

He’s standing in front of his easel that’s gently cradling his canvas; his vision.

He’s totally engaged; in a ‘FLOW’ state; nurturing his creative process.

His brush commands his right hand; an extension of his mind.
His palette is awash with his unique concept of colours that await in his left.

His canvas; his vision requires depth to convey greater clarity; to crystallixe his perspective.
He chooses a colour from his subjective palette to instigate change; small light strokes enhance his landscape.”

A Trading Simulator is but 1 colour in your palette of trading tools that can be accessed at any time to enhance & illuminate your ideal canvas.
This 1 ‘colouring’ tool might seem at 1st glance to play a small part in your ‘artwork;’ but importantly it can ‘Change Your Perspective’ in how you view your future outcomes.
Used wisely, a trading simulator helps paint a different picture that can instigate a new positive belief; & We Trade Our Beliefs!

Finally; I leave you with a quote by Richard Bandler (Co-NLP creator)

"The way we lead our lives is a direct result of how we view the future.
It’s only through having a perspective that you get to do things differently,"

Assimilate your trading with a mind-set that has a clear pre-determined ‘OBJECTIVE;’ integrate a trading system with a ‘POSITIVE EXPECTANCY.’ Control your ‘RISK,’ & ensure ‘FREQUENCY ‘is your friend; but most importantly;

Learn In Time To Master Thy Self!
“The one certainty we know about the markets; It’s their uncertainty!”

“I Wish You Well In Your Journey & In Your Trading.”

DowBoy b.1967 – Written 13th-May-2012

http://www.Daytradinglife.com

Losing Streak Probability Calculator

dowboy — Thu, 01 Dec 2011 21:41:51 +0000

Multiple Losing Streak Probability Calculator – Pt1.

Multiple Losing Streak Calculator PDF – Pt1.
Downloadable FREE PDF

A Super Traders Testing Tool

All Super Traders trade within a structured framework, one that is coherent with his or her beliefs. [INTERNAL : MIND]

The Super Trader’s trading system is an alignment of his chosen ‘rule set’, his objectives governed by his vision. This is his ‘Real World’ mechanism that can convert his goals & aspirations, into his desired results; tangible monetary (£) gains.[EXTERNAL : BODY]

All trading systems require feedback to improve. All Super Trader’s incorporate a measurable systematic feedback loop. A processes that can monitor, evaluate, modify & develop various aspects of its structure. Various testing tools can be applied to help identify possible weaknesses within a system. One such tool is the
“Multiple Losing Streak Probability Calculator.” [DETACHED : HEART]

It is extremely important to note that one uses this ‘Losing Streak Probability Calculator’ within a conjecture of a ‘Super Trader’s State of Mind.’ A state of mind that is completely aligned & seamlessly congruent by his Beliefs, his Vision, whilst utilising considerable Feedback.

This ‘holarchic model’ culminates into a seamless balanced collective in;
[MIND : BODY : HEART & SPIRIT]

“A Super Trader thinks feels & acts within the realms of PROBABILITIES.” Dow-Boy.

So, your chosen frame of reference whilst using this calculator should predominantly be to consciously focus within the realms of ‘Statistical Probability.’
Trading per say is NOT about ‘Winning’ or ‘Losing.’

Remember: “Trading Is A Game Of Probable Outcomes.”

“Multiple Losing Streak Probability Calculator.” Focus On the P Not The L!

Multiple Losing Streak Probability Calculator:- Technical Note:

My quest in the creation of this calculator was driven by two things.

A lack of accurate reliable data on the WWW. regarding ‘Consecutive Losing Streaks’.
My Bias towards ‘Right Sided Brain Function’, Creativity! I do enjoy the creative process.

The WWW. Lead me into various trading forums, websites & blogs which culminated in frustration in many ways. I won’t elaborate. I had to seek help & ‘custom build’ in order to create a ‘Losing Streak Probability Calculator’ that would provide accurate results.

So, with the help of some very clever coders I was able to bring my idea to life & co-create a spreadsheet for traders relating to losing streak probabilities. I asked one of the coders ‘BruceZ’ if he could (in a not too technical manner) describe how the implementation of his VB code worked within the dynamics of this spreadsheet. I asked this for two reasons.

To give you a broader understanding regarding the ‘Under The Hood‘ dynamics of its programming. Via this higher level of comprehension you can benefit & maximise your utilization of this Losing Streak Probability Spreadsheet.
CONFIDENCE. Confidence is the highest order belief within a Super Traders psychological makeup. It’s only with confidence that one can truly overcome fear. By increasing your knowledge, you increase your faith & confidence in its function & the accuracy of the data that this Multiple Losing Streak Probability Calculator returns; you will in turn have CONFIDENCE to make any necessary changes to your trading system you see fit; having 100% confidence in the calculators returned results.

BruceZ’s Coding Comments:

“Losing Streak Calculator.”
Two functions were written in Visual Basic which work with the Excel spreadsheet to compute the exact probabilities of runs of consecutive losses.

The first, called ProbRun, computes the probability of 1 or more runs of consecutive losses in a given number of trades for a given probability of a loss. This is computed by a recursive difference equation given in the code comments. For each trade, the previously computed probability that a run occurred by the previous trade is added to the probability that a run ended on the current trade multiplied by the probability that no run has occurred earlier.

The second function, called ProbRunMulti, works with the Quick Calc & is used for the matrix to compute the probabilities of multiple runs of consecutive losses within a given number of trades, where each run is separated by 1 or more wins. This also works by a recursive difference equation given in the code comments. In this case, for each trade, the previously computed probability that a given number j or more multiple runs occurred by the previous trade is added to the probability that a run ended on the given trade multiplied by the probability that an exact number j-1 of runs has occurred previously. This final probability is computed by subtracting the probability that j or more runs occurred previously from the probability that j-1 or more runs occurred previously. This requires retaining 2 sets of values for j or more runs, and for j-1 or more runs.

The first routine, ProbRun, conserves memory by implementing a circular array. This means that the amount of memory used does not depend on the number of trades. Instead, the array size will be equal to the run length plus 1, and the number of bytes will be 8 times this since double precision is used. So for a run length of 15, this array will use just 128 bytes.

The second routine, ProbRunMulti, could also have been implemented with a circular array which would have reduced the memory usage to a small fraction of what it currently uses, but it was decided that it was more important to preserve the simplicity and understandability of the code instead, and that the extra memory usage should not present a significant problem. In this case, the array size does depend on the number of trades. The array size is equal to 2*(number of trades + 1) since there are effectively 2 arrays being reused alternately to store retain the two sets of values. This will use 16*(number of trades + 1) bytes, so a million trades would use about 16 megabytes.”

Many Thanks BruceZ for his synopsis; & just to reiterate what BruceZ said; you can find additional comments within the VB code of all the spreadsheets.

Calculator Gallery

Losing Streak Calculator Download Area

Multiple Losing Streak Sheets

“Multiple” Losing Streak Probability Calculator – Excel 2010 (.xlsm)
“Multiple” Losing Streak Probability Calculator – Excel 97-2003 (.xls)

Monte Carlo Simulation Versions

“Monte Carlo” Losing Streak Probability Calculator – Excel 2010 (.xlsm)
“Monte Carlo” Losing Streak Probability Calculator – Excel 97-2003 (.xls)

Mersenne Twister Simulation Versions

“Mersenne Twister” Losing Streak Probability Calculator – Excel 2010 (.xlsm)
“Mersenne Twister” Losing Streak Probability Calculator – Excel 97-2003 (.xls)

ALL In 1 Packs.

All Losing Streak Probability Calculators – For Excel 97-2003 (.xls)
All Losing Streak Probability Calculators – For Excel 2010 (.xlsm)
“The Big 1” – All Losing Streak Probability Calculators – (Excel 97-2003 & Excel 2010)

Trade Example & Questions

Losing Streak Probability Quick Calculator

Hypothetically; one of your day trading strategies generates an entry signal approximately 3 times a day, which equates to 720 trades per trading year (3×5(Mon-Fri) x48 (Trading Weeks A year, Allowing for weekends & Holidays). This strategy has a win rate of 50%.

Question 1: “What is your statistical probability that within this 720(n) Trade run that your system will generate 5 consecutive losing trades in a row?
Do you know?

Question 2: “What is the statistical probability that it will also generate 2,3, or even ‘4 or more’ consecutive losing streaks of 5 trades all within this same (n) trade series length?
Would you like to know?

Well, now you can by using the DTL ‘Multiple Losing Streak Probability Calculator.’

IMPORTANT: Learn HOW To Question!
To get the most out of these spreadsheets you need to understand what questions to ask, & why you are asking them, in other words; “HOW to question.” These spreadsheets return accurate valuable data, a perfect characterisation of the ‘Pareto Principle.’ 90% of their power lies buried within the context & quality of how one questions the data!

A good Question Presupposes a good answer. The “would you like to know?” isn’t a good question; to know just for the sake of knowing. It has no positive effect,
[Internally : MIND] & [Externally : BODY].

So, maybe we should question “Why? Why would I want to know?” “Why am I generating 5 losing streaks more frequently than I should be statistically?” This again isn’t the best question to ask.

To just delve a little deeper here, as this is important & is ingrained deep within the psychological thinking of ALL Super Traders. “Why?” Why is very much associated with a negative attitude & a complaint riddled mindset. “Why did I get stopped out?” “Why did I not follow my rules?” “Why did I sell too soon?” These types of questions indicate a level of thinking that initiate & create a negatively charged neural net; which aid in nurturing damaging & destructive emotional responses.

REMEMBER:

“The words you chose in your questioning go a long way in not just what answers you receive; but in “WHAT YOU BECOME!”

The Question Is HOW?

One of my favourite quotes from Einstein is:

“Problems Cannot Be Solved By The Same Level Of Thinking That Created Them.”

Super Traders & successful individuals evaluate in a positive way, by asking “HOW?”
If you don’t question this way already; then do take this on-board earnestly. It’s hugely significant; a paradigm shift with vast implications.

Asking “HOW?” IS questioning at a higher level than the problem. All Super Traders are happy, content & grateful individuals.

They have learnt to ask “how?” & not “why?”

Again; Please take in the above seriously. It really is a huge key to your success as a trader & in living a truly fulfilling life. How you speak to yourself [INTERNAL : MIND], the words you use & HOW You Question & evaluate everything will determine your results.

Another friend of Einstein; Sir John Wheeler (physicist), famously said;

“The act of us searching, expecting us to see something, will ALWAYS create something for us to see.”

Again, it’s in HOW you question & evaluate. It’s not in how one OBSERVES things; it’s in HOW you PARTICIPATE with these spreadsheets that will determine what types of results & answers you will receive from this creative process.

For now; this concludes Pt1 regarding these “Losing Streak Probability Calculator Spread Sheets.” Later; in Pt2 I’ll discuss various ways in which you can get the most out of these spreadsheets; including:

“HOW to question,”
What kinds of questions you should be asking.
Several examples & different scenarios.

By utilising the above tips & guidelines that I’ll share with you in the coming Part 2, you’ll be able to view the data that these spread sheets reveal from a higher level, a ‘different’ perspective that WILL ensure you get ‘AN EDGE.’

I hope you enjoy using these very useful ‘Losing Probability Spreadsheets’ as much as I’ve enjoyed being a part in their creation.

Many thanks again to: SHG, BruceZ & Duncan Werner for all their help & their contributions in the making of these spreadsheets. Without their help, these sheets would not be here now.

I Thank You All.

“I wish you well in your journey & in your trading.”

DowBoy b.1967 – Written 1st-December-2011
http://www.Daytradinglife.com

World’s Best Day Trading Chair

dowboy — Sat, 14 May 2011 11:18:52 +0000

The World’s Best Day Trading Chair?

Best Day Trader Chair In The World.
Downloadable FREE PDF Version.

An all too often overlooked piece in the puzzle for trading excellence is in the posture of the Super Trader; how one sits whilst trading. The perfect seating solution aims to attain perfect harmony between mind & body, creating a natural synergy between Trader & computer.

To claim that the ‘Herman Miller Embody’ chair is the ‘World’s Best Day Trading Chair’ is a subjective affair, & thus this bold claim is but just one’s opinion (mine); but certainly this is a chair definitely worth considering if you are planning long hours in front of your monitors Day Trading for a living.

I personally have taken delivery of an ‘Embody’ here in the UK (Delivered 24/03/2011) & I must say that perhaps unwittingly, Herman Miller have created a truly Professional Day Trading Chair that really does tick all the right boxes; (although with a £1,000+, price tag, this is a chair that needs to be looked at from a Trading perspective; humm, the word ‘Investment’ springs to mind!

On a serious note; if you are spending nearly a third of your life (up to 8hrs a day) sat in front of your PC or desk within the realms of Trading for your living, then spending what seems initially is a hell of a lot of money for a chair, actually equates to really good value & a sound investment over the longer term.

So, let me here present my synopsis of the ‘Herman Millar Embody,’ & touch upon some of the chair’s many attributes.

Pixelated Support™ technology (In the seat & back) that helps keep the blood circulating.
Backfit™ adjustment (adapts to the unique curvature of your spine).
Adjustable seat height & seat depth, tilt tension & arm adjustment (Up/Down, In /Out).
Breathable, translucent & resilient seating & covering skin.
Optional fabric materials & colours; frame base & caster options.
Environmentally friendly (Greenguard (Air Quality) & MBDC Silver (Chemically) certified).
Officially the World’s 1st health positive chair.
12 year warranty.

Herman Miller – Embody PDF & VIDEO Files.

Chair Summaries
HM – Embody Brochure.

HM – Embody Chair Adjustments.

HM – Adjustments Video.

Environmental & Care

HM – Environmental Summary Sheet.

HM – Chair Care Brochure.

Materials & Standards

HM – Material Reference.

HM – Textile Quality Standards.

Research Papers

HM – Thermal Comfort Research.

HM – Embody Tilt Research Paper.

HM – Improving Oxygen Flow Paper.

HM – Lowering Heart Rate Research.

HM – Pressure Distribution Paper.

Design

The Herman Miller Embody is clearly innovative in style & design, a chair created without compromise aesthetically & functionally; possibly the ultimate Ergonomic Trading Chair? It is fundamentally a task chair that has practically adjustable everything so you get 100% comfort no matter what size of frame & build you are. The Embody’s development team included input from 30 professionals with diversified fields ranging from bio-mechanics to physical therapists & vision experts. This chair was designed at the outset to be the best in its class & actually redefine the way people sit.

Back & Seat Support

The Embody’s back has an ‘alive’ ‘Kinematic Spine’ that mimics your spine, adapting to the natural shape & movement of your spine, constantly adjusting itself to your shifting positions & postures. This not only supports your body (with an almost floating sensation), but supports your mind as well. This Pixelated Support™ system, a matrix of pixels that work together in the seat & backrest conform to the sitter’s movement. Technically, this creates a ‘Health Positive Chair’ due to its ‘dynamic’ surface pressure distribution. (Dynamic surface pressure on a chair & back will provide more comfort, liveliness, & health-positive benefits than non-dynamic surface pressure. At least that what it says on the Herman Miller website)! With its backfit™ adjustment you can also gain a neutral balanced posture regardless of your spine curvature.

TRADER’S SIDE NOTE:

What I did find interesting being a Day Trader is the benefits of a slight reduction in heart rate sitting in the Embody chair rather than a conventional chair. All Day Traders are well aware that Trading is predominantly a mind game, a profession that requires one to constantly perform & control one’s emotions. Heart rate plays a very important part in mind, body & emotional stability; coherence. Anything that gives a Trader’s Edge needs to be looked at very closely.
In one of the above PDF research papers named ‘HM-Lower-Heart-Rate’; a commissioned study was carried out that measured 6 cardiopulmonary variables. (To cut a long story short), here are 2 quotes from that paper.

“Embody is the first chair design that significantly affects heart rate across a variety of office tasks, resulting in a positive impact on the cardiovascular system without altering work productivity.”

“Prediction of heart rate from BMI and weight indicated that the Embody chair reduced heart rate when compared to the conventional chair.”

So; a ‘Health Positive Chair’ that by design Reduces Heart Rate & ‘Increases Blood Flow’ (Sited to allow more oxygen to flow to the brain) etc. Sad to say, but this chair is getting interesting!

TRADER’S SIDE NOTE 2:

Another point I would like to mention that is trading specific. Often whilst trading, I need to shift my frame of reference, re-evaluate my positions as they move in real time. Sometimes I need to induce a ‘NLP’ technique; where one visually (within the mind’s eye) remove themselves from their current posture & look at themselves from a detached perspective, so as to review & analyse their current trading position (emotionally & physically) within a new conjecture.

The Embody’s reclining mechanism is really like no other.

It’s actually quite hard to describe the sensation it gives you whilst you gently recline back, but it really does enhance your thought processes whilst in a reflective mode, or simulating a detached perspective. This alone is a huge benefit for Professional Traders & one I haven’t experienced with the same intensity in any other chair.
Strange but true!

A Green Chair

From an environmentalist point of view this chair is landfill friendly!
Construction of the Embody has been accomplished with 40 percent recycled materials. Another big plus is that 98 percent of this chair is recyclable at the end of its life. What with the Embody having a 12 year warranty to boot, & GreenGard Certification relating to safer air quality & MBDC Certification; meaning all the components of the Embody have been chemically tested so that they are safe for the environment; then this is a chair that even ‘Green Peace’ would clearly love!

Distributors

Enough info regarding the chairs attributes. From the above I think any Day Trading Professional can deduce that this is a chair worth considering. But what’s the best way to purchase one?
Well, firstly let me state that I am a big advocate of internet shopping. I love Amazon & price comparison sites, but with this type of purchase things really do need to be different.

“You Really Need To Sit On One Before You Part With Your Money.”

Firstly, I wasn’t sure if it was the Embody or the Aeron (Another Herman Miller Classic Ergonomic chair) that I wanted. So, I looked for a local authorized distributor.
The company I chose was;

Burnham Workplace Ltd.
Website: http://www.burnhamassociates.co.uk/
Telephone: +44 (0) 1202 73 80 73
Email: office@burnhamworkplace.co.uk

The proprietor of Burnham’s Workplace Ltd is James Burnham. I believe this has been a family run business for more than 30 years & my first conversation with James instilled me with confidence. What I mean by this is that I asked a number of probing questions (having exercised due-diligence) regarding the Herman Miller Embody & Aeron chairs that I was looking to possibly purchase. James answered all of my questions in a very knowledgeable way. This wasn’t some typical sales person I was in conversation with but a proprietor of a very well respected office design & supply company that really knew his products & genuinely cared about the products he sold! I like this style; this ethic. If I was to part with more than £1,000s on a chair, I wanted 100 percent confidence in my chosen supplier.

I did actually visit Burnham’s & try both chairs out initially. To be honest, something just held me back from making my decision to buy there & then. I really needed to try the Embody ‘In situ’ sat at my trading desk. I asked James if this would be possible. Now here’s another reason why I purchased through Burnhams. James made me feel that my request was perfectly valid & arranged to deliver both chairs (Embody & Aeron) to my home to try at my convenience.

“This was (IS) service like the good old days!”

As A Note:
A large chain in the UK called ‘John Lewis’ also stock the Herman Miller range.

Question: Would I have gotten the same product knowledge from one of JL’s sales staff? Would both chairs have been delivered on a ‘try before you possibly buy ‘request? I think you know these answers.
Here’s the best bit. Sitting in the chairs at Burnham’s Showroom, I just wasn’t convinced which one to even go for! But; with the chairs now at my Trading Desk, it was now all so clear. The Embody was just so perfect in all departments. I mean really! 6 years of sitting in a Staples £50 Chair & now this! Literally there was only one thing to do; arrange my deposit! Well; actually two things to do; choose my fabric type & colour, along with aesthetic finishing materials.
The Herman Miller Embody is a chair for all serious traders.

“Sometimes In Life You Really Do Get What You Pay For.
The Embody Falls Into This Category.”

Negatives.
Only 2 points to mention here.

Price.
Whichever way you cut it, £1,000+ on a chair seems (is) a lot of money. If you are serious about your day trading (which you should be as it is a business), & you can understand from my above comments that this really isn’t any ordinary chair, but one of those ‘trader’s edges’ that you often hear about. Trust me on this; your money will be well spent. A chair that is scientifically proven to reduce your heart rate & help you function optimally in a health positive way cannot be underestimated.
(So actually; it’s not really a negative after all)!
Delivery / Lead Times.
This isn’t a fault or undesirable comment regarding my chosen supplier (Burnhams), as they delivered the same day the chair actually came into their possession. The lead time in the UK for the Embody at my time of purchase was 6 bloody weeks! Now, come on Herman Miller! I understand this is actually made in the USA. But; a premium product such as this, with its price tag to boot! You really would have thought its UK arm would have several of these in stock, ready to ship to their UK authorized dealers. I hope Herman Miller address this issue. It really is the only thing that lets this be a 100 percent thumbs up. Maybe in time or soon after writing this review things here in the UK might be different. I’m sure in the USA their lead times would be just days!

UK Buyers; Check Lead Times With Your Authorized Dealer Before Purchase!

Summary

I titled this review, “The World’s Best Day Trading Chair” & to be honest, this quite possibly is. This is a chair only for the Serious Day Trader; one that is constantly seeking an edge in any shape or form it comes.
I highly recommend the Herman Miller Embody as a Trading Chair without compromise.
Anybody here in the UK wishing to purchase a Herman Miller Embody can do no wrong by contacting James Burnham first on 01202 73 80 73. I highly recommend his ‘Old School’ level of customer service & thank him for making my purchase a very pleasurable experience.
Thank you James.
(You never know; maybe you might end up with Burnhams supplying you a new Trading Desk to complement your new Day Trading Chair!)
So there you have it. DowBoys Day Trading Chair, email, surfing & shopping chair is now a Herman Miller Embody!

“The Herman Miller Embody. Probably The Best Day Trading Chair In The World.”

“I wish you well in your journey & in your trading.”

DowBoy b.1967 – Written 13th-May-2011
http://www.Daytradinglife.com

A Day Trader’s Goals – 10 Good Reasons

dowboy — Sat, 16 Apr 2011 12:00:41 +0000

GOALS & GOAL CONCEPTS – FOR THE SUPER DAY TRADER.

Day Trading Goals -10 Good Reasons.
Downloadable FREE PDF Version.

Pt 1: – Why Do Super Trader’s Use Goals? – Top 10 Reasons.

This; is the 1st part of my ’3 part mini series’ dealing with the subject of goals, goal concepts & the art of goal setting for the Super Day Trader.
I like bullet point lists; they seem to be far superior for memory recall than huge paragraphs of text of ‘Shakespearian’ proportions.

So…… Here’s Pt1. Enjoy. Regards; Dow-Boy.

The Trader’s 10R Goal Cycle

Original Goal: (Eventually), We Can Release it.
Past Goal: Is To Reflect; Re-Evaluate; Re-Live It.
Present Goal: We Re-focus; Re-Frame; Re-Align It.
Future Goal: We Will Re-New; Re-Size; Re-Define It.

VISION: They say success is a 2 part process, with part 1 being, ‘You Must Know Exactly What You Want.’ Goals give you the trading vehicle to envision EXACTLY what you want! As the great Stephen Covey So eloquently puts it, One Must; “Begin With The End In Mind.”

INTENTION: We live in reality, yet it is a filtered ‘PERCIEVED REALITY.’ Goals for the Super Trader are used as a lens, shifting one’s ‘Frame Of Reference’ (His Thinking & Awareness) to envision new opportunities, guiding ones’ decisions within a structured ‘INTENTIONAL’ framework via conscious choice.

NOTE: The Important word, Choice. There is age old question “Are Traders Born Or Made?”
ANSWER: Neither! We are all products of choice!

DESIRE: Goals instigate a strategy to achieve a desired result. ‘Goals Come With Desire.’ With desire come goals. The greater your ‘Goal’s Desire,’ the easier it will be to change your old conditioning. Alter your old conditioning & you change your old habits. CHANGE YOUR HABITS, CHANGE YOUR RESULTS! Desire is VERY Important.

PURPOSE: Goals give you a sense of purpose; thereby directing one’s attention to ‘grow one’s awareness; conscious awareness. This relates among other things to the ‘Conscious Competence Learning Model.’

FOCUS: Goals are closely linked to ‘FOCUS.’ What is the most important part in a Super Trader’s Structure, his structure of excellence? ‘THE PROCESS!’ Goals help you to direction your focus (WITH CLARITY) on BEING! Being What?

BEING THE PROCESS OF TRADING!

PERCEPTION: By merely having ‘Goals,’ you instigate a ‘Comparative’ mode, so you can easily evaluate & make rational ‘Value’ judgements regarding your ‘PROCESS & OUTCOME Goals.’
The principle of perception is based on differences. So, what do we need to be able to compare. Start with a goal! All Super Traders quantify & qualify their performance. So all ST’s use goals!
“What’s measured improves!” Peter Drucker

FEEDBACK: Trading involves learning. Learning & improving partly involves repetition which needs considerable feedback. A ‘Super Trader’s Goal System’ always incorporates a ‘Feedback Loop.’

YOU NEED FEEDBACK IN ORDER TO IMPROVE; SO… YOU NEED GOALS!

ACCOUNTABILITY: Having goals & a goal process makes you purposeful, thoughtful rational & systematic. This transcends into the realm of ‘Personal Accountability’ having what is known as an ‘Internal Locus Of Control.’

HABITS FORMING: Goals are part of a ST’s consciously chosen system that helps ‘Reshape’ old negative self-limiting beliefs & habits that could be buried deep within his subconscious. Thus goals aid in the creation & formation of new habits.

QUESTION: What Are Habits?

WHEN THE BODY BECOMES THE MIND!

CHANGE: Goals help you change. It is said (via quantum law) that the environment is an extension of the mind. So importantly; if the World is shaped by our thoughts (potentiality), then ‘INTENTIONALLY’ shaping our destiny via goals & goal setting we will ultimately reshape our conditions & our environment, thus changing the events, circumstances & outcomes.

NEVER UNDERESTIMATE THE TRUE POWER OF GOALS MY FRIENDS!

So, there you have 10 requisite reasons why ALL Super Traders use goals in their trading regime & why they are essential to a Super Trader’s success inside & outside the markets!

“I wish you well in your journey & in your trading.”

DowBoy b.1967 – Written 31st-March-2011
http://www.Daytradinglife.com

My Day Trading Affirmations

dowboy — Sun, 27 Mar 2011 16:03:35 +0000

A Day Traders Affirmations

Day Trading Affirmations.
Downloadable FREE PDF Version.

Your Question; “How Does One Get Into The Zone? How Can I Trade In The Zone? ”
After Many Years Of Reading, Searching I Found The Answer To this Question.
Example: Does One Pray To See God? Do Monks Chant To See Their God; Their Buddha?
Answer: It Is Profound If You Understand The Depths Of Its Meaning.
My Answer; “One Prays; Meditates To Create The FEELING For The Connection You Seek!”
A Day Trader Recites His Affirmations To Create The ‘FEELING!’ Altering His State Of Being, Changing It’s Vibratory State, It’s Energy To Enter His Utopian Realm; The ZONE!

DO NOT UNDERESTIMATE THE POWER OF THESE TRADING AFFIRMATIONS.

DAILY DECLARATION OF THESE POSITIVE STATEMENTS WILL AID IN SHIFTING YOU TO A HIGHER STATE OF AWARENESS; ULTIMATELY, A ‘ZONE’ LIKE STATE.

Combine Affirmations With Meditation!

By Combining My Affirmations With A Daily Practice Of Transcendental Meditation, You Will Build A Powerful Pre Market ‘Ritual’ To Gain & Enter The Zone Like State You Seek. Just 20 Minutes Of Daily Transcendental Meditation Is Enough To Turn Your Awareness Within; Thus Gaining:

A Maximum State Of Pure Awareness; Quiet Inner Alertness; Still, Devoid Of Thought & Content.
An Inward State of Reflection That Will Modulate Your Mind Into A Complete State Of Rest.
Obtain Profound Physiological Rest. Your Body Will Simultaneously Gains A State Of Rest At Least 3 times Deeper Than Sleep.
Only Via This State, Can You Nurture & Attain ‘Global EEG Coherence.’ This Development Of Enhanced Brain Behaviour; Enables Coordinated Neurological Coherence. This Allows The Entire Brain To Be Completely Engaged & Function In A Profound, Orderly & Integrated Way.
Scientifically Recognised As A 4th State Of Human Consciousness; It Is Distinct From Waking, Dreaming Or Sleeping. Only With Regular Exposure To This Unique Meditative ‘Innermost,’ State Of Consciousness; This Connection With Pure Unbounded Awareness & It’s Unified Source (The Unified Field), Can The Nurture & Attainment Of ‘Global EEG Coherence’ Be Achieved.

My Trading Vision.

I’m Committed To ‘Trading To Win’, & Become All What I Want To Become.
I Will Do Whatever It Takes To Reach My Objectives, My Goals & My Vision.
I Expand The Internal Space Needed To Succeed Not By Undoing The Past, But By Creating ANew Space, MY VISION!

I Make My Decisions Based On My Commitment To My Consciously Designed Future Vision.
I’m Guided By My Future Vision Only, I Behave In A Way That Will Bring About My Larger Objective, My Vision Of Abundance.
I Know That Within I Have All The Resources I Need, Everything To Reach My Objective.
I See The World & Trading Conveyed Through My Self Expressed, Consciously Chosen Vision.
I’m Creating My Life, Moment By Moment. The Only Paradox Is That The Dimension Of My Vision Is Non Linear; Not Born In The Past Nor Held In The Future; It Lives Always In The NOW!
Because Of My Commitment To My Vision, My Concept Of My Result, I’m Constantly Looking For Evidence Of That Result. Because Of This I Watch The Market In Terms Of These Expectations. Thereby; I Increase The Likelihood Of My Expectations Becoming The Reality I Seek.
Ultimately I Will Become My Vision.

I Trade In The Zone.

‘I Trade In The Zone’. I Trade IN The Moment, IN The Present, With Total Disregard For What Others Think & Feel About Me.
‘I Trade In The Zone’. I Ignore ALL Emotions & Defensive Perspectives. I Trade; I Do, I Act From An Entirely Detached & Impartial Perspective.
‘I Trade In The Zone’. Only In The Zone Do I See The Market As It Truly Is.
‘I Trade In The Zone’. I Block Out ALL Bad Habits & Self-Limiting Beliefs Attained From My Past, My Environment & Their Surrounding Noise.
‘I Trade In The Zone’. My Mind Is Pure, Clear, Focused & Yet Empty. The product Of ‘Choice’ Means I ALWAYS Can; At Will, ‘Trade In The Zone’.
‘I Trade In The Zone’. I Trade Without Ego, Never Reacting To Pain, Sorrow Or Fear. I Just Trade The Market As It Truly Is. I Am A Super Trader, I Am The Master Of My Emotions, & So I Can Trade In The Zone. ‘I TRADE IN THE ZONE’.
‘I Trade In The Zone’. Trading In MY Zone Means I Distinguish Actual Reality From My Interpretations & Projections Of Reality. I Control The Zone!
‘I Trade In The Zone’. Only In The Zone, My Centred State, Can I ‘Super Trade.’ I Flow With Trends, I Spot Reversals & Breakouts; I Cut Losses Without Hesitancy & Let My Profits Run Perpetually. ‘I Trade In The Zone’.
The Zone Is Where I Live; It’s My Nirvana, My Sanctuary, My Paradise, My Heaven.
I LIVE & TRADE In The Zone. The Zone Is In Me; & The Key To Enter Is Within Me Forever!

The Development & Implementation Of My Skills & Trading Strategy Is My Harmonic Satisfaction,
Not In The Attainment Of Profit.
My Enlightenment Is This Self Expression; The Manifest & Cultivation Of My PEACE.

I Day Trade ALWAYS; “Without FEAR, Without HESITATION, Without RESERVATION.”

“I wish you well in your journey & in your trading.”

DowBoy b.1967 – Written 26th-March-2011
http://www.Daytradinglife.com

Goal Quotations

dowboy — Wed, 17 Mar 2010 19:00:52 +0000

Goal Quotations.

Goal Quotations.
Downloadable Full PDF Version.

Below are listed several ‘Goal’ quotations. I hope they will provide you with inspiration as they did me. Part of my ‘Inspiration Series’ of quotations, FREE downloadable PDF’s; ‘Goal Quotations for the Day Trader.’

My Personal Top 5 Goal Quotes.

1.“The soul that has no established aim loses itself.”
Michel Eyquem De Montaigne (1533-1592, French philosopher, essayist)

2.“The most important thing about goals is having one.”
Geoffrey F. Abert (American author, "After the Crash")

3.“Set your goals high enough to inspire you & low enough to encourage you.”
Author Unknown

4.“A Super Trader’s Ultimate Trading Goal? To ‘BE’ the process.
Understand this, what it is to ‘BE’, & ‘Bliss’ you will find.”
DowBoy. (Writer & Trader b.1967)
Website: http://www.daytradinglife.com

5.“We aim above the mark to hit the mark.”
Ralph Waldo Emerson (1803-1882, American poet, essayist)

The Best ‘Short/Quick’ Goal Quotations

“The true worth of a man is to be measured by the objects he pursues.”
Marcus Aurelius (121-12180, Roman emperor, philosopher)

“Life has a value only when it has something valuable as its object.”
Georg Hegel (1770-1831, German philosopher)

“You seldom get what you go after unless you know in advance what you want.”
Maurice Switzer

“I love the challenge of starting at zero every day & seeing how much I can accomplish.”
Martha Stewart

“If you don’t know where you are going, you might wind up someplace else.”
Yogi Berra (1925 – American baseball player)

“A man without a goal is like a ship without a rudder.”
Thomas Carlyle (1795-1881, Scottish philosopher, author)

“Goals determine what you’re going to be.”
Julius Erving (1950-, American basketball player)

“Think BIG! You are going to be thinking anyway, so think BIG!”
Donald Trump (1946-, American businessman, actor)

“In everything one must consider the end.”
Jean De La Fontaine (1621-1695, French poet)

“Aim for the top. There is plenty of room there. There are so few at the top it is almost lonely there.”
Samuel Insull

“If you don’t know where you are going. How can you expect to get there?”
Basil S. Walsh

“All men seek one goal: success or happiness.”
Aristotle (BC 384-322, Greek philosopher)

“A set definite objective must be established if we are to accomplish anything in a big way.”
John McDonald

“There is no achievement without goals.”
Robert J. McKain

“A good goal is like a strenuous exercise — it makes you stretch.”
Mary Kay Ash (1918-2001, American businesswoman, founder of Mary Kay Cosmetics)

“There is no such thing as expecting too much.”
Susan Cheever

“The first essential of course; is to know what you want.”
Robert Collier (1885-1950, American writer, publisher)

“The achievement of one goal should be the starting point of another.”
Alexander Graham Bell (1847-1922, Scottish-born American inventor of the telephone)

“A person can grow only as much as his horizon allows.”
John Powell

“He who demands little gets it.”
Ellen Glasgow (1874-1945, American novelist)

“Goals are as essential to success as air is to life.”
David J. Schwartz (American trainer, author of “The Magic of Thinking Big”)

“Goals are dreams with deadlines.”
Diana Scharf Hunt

“You’ll never achieve your dreams if they don’t become goals.”
Author Unknown

“Your goal should be out of reach but not out of sight.”
Anita DeFrantz (1952 – American lawyer, Olympic rower)

“A man’s reach should exceed his grasp, or what’s heaven for?”
Robert Browning (1812-1889, British poet)

“Having a dream isn’t stupid…. It’s not having a dream that’s stupid.”
Author Unknown

“As you reach your goals, set new ones. That is how you grow & become a more powerful person.”
Les Brown (1945-, American speaker, author, trainer, motivator)

“Where are you going? What are you doing today to get there?”
Author Unknown

“This one step — choosing a goal & sticking to it — changes everything.”
Scott Reed

“Goals must never be from your ego, but problems that cry for a solution.”
Robert H. Schuller (1926-, American minister, author, social leader)

“Until input thought is linked to a goal purpose there can be no intelligent accomplishment.”
Paul G. Thomas

“We’re all pilgrims on the same journey — but some pilgrims have better road maps.”
Nelson Demille

“Goals that are not written down are just wishes.”
Author Unknown

“The more goals you set, the more goals you get.”
Mark Victor Hansen (American motivational speaker, author)
Author’s website: www.markvictorhansen.com

“A dream is just a dream. A goal is a dream with a plan & a deadline.”
Harvey MacKay (American businessman, speaker, author)

“You’ve got to know where it is & go after it. You won’t get it every time, but it’s worth trying.”
Arthur C. Frantzreb

“Setting goals is the first step in turning the invisible into the visible.”
Anthony Robbins (1960-, American author, speaker, peak performance expert, coach)
Author’s website: www.anthonyrobbins.com

“The first step towards getting somewhere is to decide that you are not going to stay where you are.”
John Pierpont Morgan (1837-1913, American banker, financier, art collector)

“From a certain point onward there is no longer any turning back. That is the point that must be reached.”
Franz Kafka (1883-1924, German novelist, short-story writer)

“In the long run, we only hit what we aim at.”
Henry David Thoreau (1817-1862, American essayist, poet, naturalist)

“Approach the start of each day with something in mind & end the day with one word, “DONE”.”
Author Unknown

“Reach for the moon. If you fall short at least you’ll be among the stars.”
Author Unknown

“You cannot have everything, but you can try.”
Author Unknown

“Decide what you want, decide what you are willing to exchange for it. Establish your priorities & go to work.”
HL Hunt (American Oil Magnate)

Goal Quotations

“You decide what it is you want to accomplish & then you lay out your plans to get there, & then you just do it. It’s pretty straightforward.”
Nancy Ditz

“Give me a stock clerk with a goal & I’ll give you a man who will make history. Give me a man with no goals & I’ll give you a stock clerk. ”
J. C. (James Cash) Penney (1875-1971, American retailer, philanthropist, founder JC Penny’s)

“Reappraise the past, re-evaluate where we’ve been, clarify where we are, & predict or anticipate where we are headed.”
Toni Cade Bambara (1959 – American writer)

“You can imprison a man, but not an idea. You can exile a man, but not an idea. You can kill a man, but not an idea.”
Benazir Bhutto

“What you get by achieving your goals is not as important as what you become by achieving your goals.”
Zig Ziglar (1926-, American sales trainer, author, motivational speaker)
Author’s website: www.zigziglar.com

“The more specific & measurable your goal, the more quickly you will be able to identify, locate, create, & implement the use of the necessary resources for its achievement.”

Charles J. Givens (1941-, American businessman, author, trainer)

“There are those who travel & those who are going somewhere. They are different & yet they are the same. The successful one has this over his rivals: he knows where he is going.”
Mark Caine

“Objectives are not fate; they are direction. They are not commands; they are commitments. They do not determine the future; they are means to mobilize the resources & energies of the business for the making of the future.”
Peter F. Drucker (1909-, American-Austrian management consultant)

“It is necessary to try to surpass one’s self always; this occupation ought to last as long as life.”
Queen Christina (1626-1689, Swedish queen)

“One day Alice came to a fork in the road & saw a Cheshire cat in a tree. Which road do I take? She asked. Where do you want to go? Was his response. I don’t know, Alice answered. Then, said the cat, it doesn’t matter.”
Lewis Carroll (1832-1898, British writer, mathematician)

“A windmill is eternally at work to accomplish one end, although it shifts with every variation of the weathercock, & assumes ten different positions in a day.”
Charles Caleb Colton (1780-1832, British sportsman writer)

“If I’ve got correct goals, & if I keep pursuing them the best way I know how, everything else falls into line. If I do the right thing right, I’m going to succeed.”
Dan Dierdorf (1949 – American football player)

“Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, & upon which we must vigorously act. There is no other route to success.”
Stephen A. Brennan (American basketball coach)

“The person with a fixed goal, a clear picture of his desire, or an ideal always before him, causes it, through repetition, to be buried deeply in his subconscious mind & is thus enabled, thanks to its generative & sustaining power, to realize his goal in a minimum of time & with a minimum of physical effort. Just pursue the thought unceasingly. Step by step you will achieve realization, for all your faculties & powers become directed to that end. ”
Claude M. Bristol (1891-1951, American author of “The Magic Of Believing”)

“In this life we get only those things for which we hunt, for which we strive, & for which we are willing to sacrifice.”
George M. Adams (1878-1962, American author)

“Put your goals in writing. If you can’t put it on a sheet of paper, you probably can’t do what it takes to achievethe goal.”
Author Unknown

“Those who commence deliberately. They plod on. They stick to it. They persevere & finally reap their rewards.”
Charles E. Popplestone

“Goals provide the energy source that powers our lives. One of the best ways we can get the most from the energy wehave is to focus it. That is what goals can do for us; concentrate our energy.”
Denis Waitley (1933-, American author, speaker, trainer, peak performance expert)
Author’s website: www.deniswaitley.com

“The major reason for setting a goal is for what it makes of you to accomplish it. What it makes of you will always be the far greater value than what you get.”
Jim Rohn (American businessman, author, speaker, philosopher)
Author’s website: www.jimrohn.com

“You may not accomplish every goal you set — no one does — but what really matters is having goals & going after them wholeheartedly.”
Les Brown (1945-, American speaker, author, trainer, motivator)

“You don’t have to be a fantastic hero to do certain things — to compete. You can be just an ordinary chap, sufficiently motivated to reach challenging goals.”
Sir Edmund Hillary (1919-, New Zealand mountaineer)

“It is a very high goal which, with our weak powers, we can reach only very inadequately, but which gives a sure foundation to our aspirations & valuations.”
Albert Einstein (1879-1955, German-born American physicist)

“First, have a definite, clear practical ideal; a goal, an objective. Second, have the necessary means to achieve your ends; wisdom, money, materials, & methods. Third, adjust all your means to that end.”
Aristotle (BC 384-322, Greek philosopher)

“Write it down. Written goals have a way of transforming wishes into wants; cant’s into cans; dreams into plans; & plans into reality. Don’t just think it — ink it!”
Author Unknown

“If you have goals & procrastination you have nothing. If you have goals & you take action, you will have anything you want.”
Thomas J. Vilord

“The man who succeeds above his fellows is the one who early in life discerns his object & toward that object habitually directs his powers. Even genius itself is but fine observation strengthened by fixity of purpose. ”
Edward G. Bulwer-Lytton (1803-1873, British novelist, poet)

“Unless you have some goals, I don’t think there’s any way to get above the pack. My vision was always well beyond what I had any reason to expect.”
John Fuqua (1946-, Businessman, founder of Fuqua Industries)

“Picture yourself in your mind’s eye as having already achieved this goal. See yourself doing the things you’ll be doing when you’ve reached your goal.”
Earl Nightingale (1921-1989, American radio announcer, author, motivator, speaker)

“The goal you set must be challenging. At the same time, it should be realistic & attainable, not impossible to reach. It should be challenging enough to make you stretch, but not so far that you break.”
Rick Hansen (1957-, Canadian lecturer, author, founder of Man In Motion World Tour)

“To will is to select a goal, determine a course of action that will bring one to that goal, & then hold to that action until the goal is reached. The key is action.”
Michael Hanson

“The most important thing you can do to achieve your goals is to make sure that as soon as you set them, you immediately begin to create momentum. The most important rules that I ever adopted to help me in achieving my goals were those I learned from a very successful man who taught me to first write down the goal, & then to never leave the site of setting a goal without first taking some form of positive action toward its attainment.”
Anthony Robbins (1960-, American author, speaker, peak performance expert, coach)
Author’s website: www.anthonyrobbins.com

“You will now have a starting place & a destination, & you will be able to determine what it will cost you to get there. You will be going someplace.”
H. Stanley Judd (American author)

“A successful individual typically sets his next goal somewhat, but not too much above his last achievement. In this way he steadily raises his level of aspiration.”
Kurt Lewin

“I am tomorrow, or some future day, what I establish today. I am today what I established yesterday or some previous day.”
Harvey Spencer Lewis (American author, “Mansions Of The Soul”)

“We, whoever we are, must have a daily goal in our lives, no matter how small or great, to make that day mean something.”
Michael J. McCarthy (1916-, American lawyer, businessman)

“Before you begin a thing, remind yourself that difficulties & delays quite impossible to foresee are ahead…. You can only see one thing clearly & that is your goal. Form a mental vision of that & cling to it through thick & thin.”
Kathleen Norris (1880-1966, American novelist)

“We, whoever we are, must have a daily goal in our lives, no matter how small or great, to make that day mean something.”
Maxwell Maltz (1944-, Canadian-born American plastic surgeon, author of “Psycho-Cybernetics”)

“There is no sudden leap into the stratosphere. There is only advancing step by step, slowly & tortuously, up the pyramid towards your goals.”
Ben Stein (1944-, American professor, writer)

“If you want to reach a goal, you must see yourself reaching it in your own mind before you actually arrive at your goal.”
Zig Ziglar (1926-, American sales trainer, author, motivational speaker)
Author’s website: www.zigziglar.com

“To solve a problem or to reach a goal, you don’t need to know all the answers in advance. But you must have a clear idea of the problem or the goal you want to reach.”
W. Clement Stone (1902-2002, American businessman, author, founder of Combined Insurance Companies)

“If one were to take that goal out of its religious form & look merely at its purely human side, one might state it perhaps thus: free & responsible development of the individual, so that he may place his powers freely & gladly in the service of all mankind.”
Albert Einstein (1879-1955, German-born American physicist)

‘LIFE’ Goal Quotations – Pt1.

“The tragedy of life doesn’t lie in not reaching your goal. The tragedy lies in having no goal to reach.”
Benjamin Mays

“When you have determined what you want, you have made the most important decision of your life. You have to know what you want in order to attain it.”
Douglas Lurtan

“Fortunate is the person who has developed the self-control to steer a straight course toward his objective in life, without being swayed from his purpose by either commendation or condemnation.”
Napoleon Hill (1883-1970, American speaker, author, “Think & Grow Rich”)

“People who say that life is not worthwhile are really saying that they themselves have no personal goals which are worthwhile. Get yourself a goal worth working for. Better still, get yourself a project. Always have something ahead of you to “look forward to” — to work for & hope for.”
Maxwell Maltz (1944-, Canadian-born American plastic surgeon, author of “Psycho-Cybernetics”)

“In life, the first thing you must do is decide what you really want. Weigh the costs & the results. Are the results worthy of the costs? Then make up your mind completely & go after your goal with all your might.”
Alfred A. Montapert (American author)

“Your life can’t go according to plan if you have no plan.”
Author Unknown

“Your goals are the road maps that guide you & show you what is possible for your life.”
Les Brown (1945-, American speaker, author, trainer, motivator,)

“It must be borne in mind that the tragedy of life doesn’t lie in not reaching your goal. The tragedy lies in having no goal to reach. It isn’t a calamity to die with dreams unfulfilled, but it is a calamity not to dream. It is not a disaster to be unable to capture your ideal, but it is a disaster to have no ideal to capture. It is not a disgrace not to reach the stars, but it is a disgrace to have no stars to reach for. Not failure, but low aim is a sin.”
Benjamin E. Mayes

“There are two things to aim at in life: first, to get what you want; &, after that, to enjoy it. Only the wisest of mankind achieve the second.”
Logan Pearsall Smith (1865-1946, Anglo-American essayist, aphorist)

“Allow yourself to dream & fantasize about your ideal life; what it would look like, & what it would feel like. Then do something every day to make it a reality!”
Brian Tracy (1944-, Canadian-born American trainer, speaker, author, businessman)
Author’s website: www.briantracy.com

“Goals are a means to an end, not the ultimate purpose of our lives. They are simply a tool to concentrate our focus & move us in a direction. The only reason we really pursue goals is to cause ourselves to expand & grow. Achieving goals by themselves will never make us happy in the long term; it’s who you become, as you overcome the obstacles necessary to achieve your goals, that can give you the deepest & most long-lasting sense of fulfilment.”
Anthony Robbins (1960-, American author, speaker, peak performance expert, coach)
Author’s website: www.anthonyrobbins.com

“Set short term goals & you’ll win games. Set long term goals & you’ll win championships!”
Author Unknown

“The only way to reach your long range goals is through achieving your short range objectives.”
Author Unknown

“Labouring toward distant aims sets the mind in a higher key, & puts us at our best.”
Charles H. Parkhurst (1842-1933, American clergyman, reformer)

“Have an aim in life — then don’t forget to pull the trigger.”
Author Unknown

“Man is a goal seeking animal. His life only has meaning if he is reaching out & striving for his goals. ”
Aristotle (BC 384-322, Greek philosopher)

“Every single life only becomes great when the individual sets upon a goal or goals which they really believe in, which they can really commit themselves to, which they can put their whole heart & soul into.”
Brian Tracy (1944-, Canadian-born American trainer, speaker, author, businessman)
Author’s website: www.briantracy.com

“An aim in life is the only fortune worth finding.”
Robert Louis Stevenson (1850-1895, Scottish essayist, poet, novelist)

“Aim for success, not perfection. Never give up your right to be wrong, because then you will lose your ability to learn new things & move forward in your life.”
Dr. David M. Burns

“To become fully alive a person must have goals & aims that transcend himself.”
Herbert A. Otto

“The greatest use of life is to spend it for something that will outlast it.”
William James (1842-1910, American psychologist, professor, author)

“What an immense power over the life is the power of possessing distinct aims. The voice, the dress, the look, the very motion of a person, define & alter when he or she begins to live for a reason.”
Elizabeth Stuart Phelps (1844-1911, American writer)

“What have you done today to help you reach your lifelong goals?”
Brian Tracy (1944-, Canadian-born American trainer, speaker, author, businessman)
Author’s website: www.briantracy.com

“The aim of life is self-development, to realize one’s nature perfectly.”
Oscar Wilde (1856-1900, British author, wit)

“Famous archer, Howard Hill won all of the 267 archery contests he entered. He could hit a bullseye at 50 feet, then split first arrow with the second. Would it be possible for you to shoot better than him? YES, if he were blindfolded! How can you hit a target you can’t see? Even worse, how can you hit a target you don’t even have!? You need to have GOALS in your life!” >Zig Ziglar (1926-, American sales trainer, author, motivational speaker)>
Author’s website: www.zigziglar.com

“Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway. ”
Author Unknown

“We are all in the gutter, but some of us are looking at the stars.”
Oscar Wilde (1856-1900, British author, wit)

“Without some goals & some efforts to reach it, no man can live.”
John Dewey (1859-1952, American philosopher, educator)

“Goals are not only absolutely necessary to motivate us. They are essential to really keep us alive.”
Robert H. Schuller (1926-, American minister, author, social leader)

“Choosing goals that are important to you is one of the most essential things you can do in order to live your dreams.”
Les Brown (1945-, American speaker, author, trainer, motivator)

“I think the purpose of life is to be useful, to be responsible, to be honourable, to be compassionate. It is, after all, to matter: to count, to stand for something, to have made some difference that you lived at all.”
Leo C. Rosten (1908-1997, Polish-born American political scientist)

“To grow & know what one is growing towards — that is the source of all strength & confidence in life.”
James Baillie

“To begin with the end in mind is to begin with the image of the end of your life as the frame of reference by which everything else is measured.”
Stephen R. Covey (1932-, American speaker, trainer, author of “The 7 Habits Of Highly Effective People”)

“I wish you well in your journey & in your trading.”

DowBoy b.1967 – Written 14th March-2010

Discipline Quotations

dowboy — Tue, 23 Jun 2009 22:02:14 +0000

Discipline Quotations.

Discipline Quotations.
Downloadable Full PDF Version.

Below are listed several ‘Discipline’ quotations. They will provide you with inspiration as they did me.

My Personal Top 5 Discipline Quotes.

1. “Self discipline is when your conscience tells you to do something & you don’t talk back.”
W. K. Hope.
2. “He who conquers others is strong. He who conquers himself is mighty.”
Lao-Tzu (BC 600-?, Chinese philosopher, founder of Taoism)
3. “If we do not discipline ourselves, the world will do it for us.”
William Feather (1888-19, American writer, businessman)
4. “One of the great lessons I’ve learned in athletics is that you’ve got to discipline your life. No matter how good you may be, you’ve got to be willing to cut out of your life those things that keep you from going to the top.
Bob Richards (1926-, American Olympic pole-vaulting champion)
5. “The price of excellence is discipline. The cost of mediocrity is disappointment.
William A. Ward

“Self-respect is the root of discipline; the sense of dignity grows with the ability to say no to oneself.
Abraham J. Heschel (1907-1972, Polish educator, author)

“No man is such a conqueror, as the one that has defeated himself.”
Henry Ward Beecher (1813-1887, American preacher, orator, writer)

“What we do upon some great occasion will probably depend on what we already are. What we are will be the result of previous years of self-discipline.”
Henry Parry Liddon (1829-1890, British theologian)

“The only discipline that lasts is self discipline.”
Bum Phillips (1923-, American football coach)

“You can judge the quality of their faith from the way they behave. Discipline is an index to doctrine.”
Tertullian (160-240, Roman Christian author & polemicist)

“There is little that can withstand a man who can conquer himself.”
Louis XIV (1638-1715, French king from 1643-1715)

“What it lies in our power to do, it lies in our power not to do.”
Aristotle (BC 384-322, Greek philosopher)

“If you will discipline yourself to make your mind self-sufficient you will thereby be least vulnerable to injury from the outside.”
Critias of Athens

“Some people regard discipline as a chore. For me, it is a kind of order that sets me free to fly.”
Julie Andrews (1935-, British singer, actress)

“He who lives without discipline dies without honor.”
Icelandic Proverb (Sayings of Icelandic origin)

“Discipline is the soul of an army. It makes small numbers formidable; procures success to the weak, & esteem to all.”
George Washington (1732-1799, American President (1st))

“He conquers twice who conquers himself in victory.”
Author Unknown

“If you can command yourself, you can command the world.”
Chinese Proverb (Sayings of Chinese origin)

“Self-command is the main discipline.”
Ralph Waldo Emerson (1803-1882, American poet, essayist)

“To put a tempting face aside when duty demands every faculty is a lesson which takes most men longest to learn.”
Gertrude Atherton

“Not being able to govern events, I govern myself, & apply myself to them if they will not apply themselves to me.”
Michel Eyquem De Montaigne (1533-1592, French philosopher, essayist)

“Brave is the lion tamer, brave is the world subduer, but braver is the one who has subdued himself.”
Johann Gottfried Von Herder (1744-1803, German critic & poet)

“Anybody who gets away with something will come back to get away with a little bit more.”
Harold Schoenberg

“Where one person shapes their life by precept & example, there are a thousand who have shaped it by impulse & circumstances.”
James Russell Lowell (1819-1891, American poet, critic, editor)

“I believe that the road to pre-eminent success in any line of work is to make yourself master of that line of work.”
Andrew Carnegie (1835-1919, American industrialist, philanthropist)

Every day, every trade requires 100% discipline.
Discipline = Emotional Mastery, A Formula Of Confidence/Caution + Humility.
Confident but no caution = Arrogance. Cautious but not Confident = a lack of Conviction, Weakness.
A freedom from pride & Arrogance is Humility. A Weak Trader will never win in the long run.
A Super Trader = A Disciplined Trader. In Discipline, No Weakness Can Exist.
DowBoy (Writer & Trader b.1967)
Website: www.daytradinglife.com

Discipline Vs Regret. In life, you’re guaranteed to experience one of two pains: the pain of discipline or the pain of regret. Jim Rohn says “We must all suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons.”
Jim Rohn (American businessman, author, speaker, philosopher)
Author’s website: www.jimrohn.com

“I wish you well in your journey & in your trading.”

DowBoy b.1967 – Written 2nd June-2009

A Super Trader’s Discipline.

dowboy — Thu, 18 Jun 2009 20:01:21 +0000

The Super Trader ‘Discipline’ PDF.

Super Day Trader Discipline.
Downloadable Full PDF Version.

The Disciplined Super Trader.
What Exactly IS Discipline?

Discipline is a HABIT!
All ‘Super Traders’ have self discipline. Without discipline you cannot achieve success, in any field.
I will say this again;

“WITHOUT DISCIPLINE YOU CANNOT ACHIEVE SUCCESS, IN ANY FIELD.”

Having this ability to exert self discipline AT WILL on one’s self is one of the master keys to your success.
Discipline is a mix of Will Power, Persistence & Repetition; having the conviction to do what you must do whether you feel/want to do it or not.

The only difference in discipline between the 95-5; (95% of ordinary (Losing) day traders & the 5% of winning day traders is that if assumed that they both know what they should be doing to achieve consistent success; then only ‘Super Traders’ have the Will & Conviction to do what needs to be done, Repeatedly to achieve this.

This is the price you’ll pay for your success. Your will to do, what you must do, whether you want to or not.
Every action of a S.T’s self discipline strengthens the Habit of his self discipline; his pattern of regular behaviour. Discipline is a HABIT!

The following is THE MOST critical point to remember.

“EXPERIENCE HAS STRUCTURE!”

If you understand that there is a structure & an order within a ‘Super Traders’ repertoire of his trading action, it can be accepted that there MUST be a constant structure & framework being imposed &at work. Discipline is the governor of his structure, a finely balanced mechanism & collective, targeted to cut away anything that is unnecessary to leave a streamlined pre-configured format as to;
How One Must Act & Re-Act to anything the market can throw at him.

Leverage: For Fear & Discipline.
‘Super Traders’ understand leverage &are masters in the use of leverage, maximising their performance using various weapons within their arsenal. The main premise to using leverage within the structure of his Trading Universe is in the suppression of his own FEAR.

THE STRONGEST EMOTION OF ALL, FEAR, (FEAR OF A LOSS) CAN BE CONTROLLED.

The Super Trader’s knowledge that he controls his losses ALWAYS via stop loss placements & his position sizing models incorporated within his trading plan means he has a suppressed & controllable level of fear.

His leverage for discipline is achieved via his integration of his pre conceived Goals, Trading Rules & his Large Positive Dominant Vision of purpose. The ‘Super Trader’ is totally focused; aligned by his pre-determined goals, & responsible for his actions via his unequivocal adherence to his clearly defined rules. Yet goal setting & rules are his outer expressions of his self discipline.
These help in the creation & nurturing of his Self-Esteem, another attribute & by-product of his discipline associated to all ‘Super Traders’. All ‘Super Traders’ have a high level of self esteem, a by-product from his total commitment to Self Discipline.

SELF DISCIPLINE BUILDS SELF ESTEEM.
SELF ESTEEM REQUIRES SELF MASTERY.
SELF MASTERY IS SELF DISCIPLINE!

The Ingredients For Discipline.
Strength of character, conviction, persistence, repetition combined with his rules, goals & vision are all directly linked to the Super Traders’ beliefs & preconceived ideas about how the markets function via his experiences. Together, these ingredients form the Super Trader’s Discipline, shaping the Super Trader’s pattern of regular behaviour; now his Trading Universe is a Disciplined Universe.

The Super Trader’s Disciplined Universe.

Let me characterise 1st the ‘Super Trader’s Universe’ to you metaphorically, as there are many similarities & comparables to our own physical Planetary Universe.
For Clarity, let’s state that by definition;

THE SUPER TRADER’S UNIVERSE = “ONE THAT ENCOMPASSES EVERYTHING.”

Our own ‘Physical Universe’ is one that includes & encapsulates all forms of matter, in fact everything that physically exists from energy, momentum & the entirety of space & time; including all the physical laws & constants that govern it. In constant perpetual motion, this is a never ending expanding multi dimensional ‘fabric’ in action.
We can formulate that the Super Trader’s Universe = All The Super Trader’s EXPERIENCES (E),

THE SUPER TRADER’S UNIVERSE = ALL HIS EXPERIENCES. (E)

For it is through all the Super Trader’s Experiences that he defines all his beliefs & internal/external behaviours & emotions.
So if the Super Trader’s ‘perceived’ Universe is equal to the total sum of every experience based & founded upon his beliefs about how the markets function via these experiences & strategies (his behaviours); then his perceived Trading Universe’s ‘Gravity’ (G) must surely be the 1st four ingredients that make up his Discipline; IE, Strength of character, conviction , persistence & repetition.
Gravity or gravitation is a natural phenomenon by which objects of mass attract one another. This ‘Gravity’ IS the driving force behind the Super Trader’s DISCIPLINE. For it is this (G) which is responsible for holding everything in place, thus keeping his Universe’s structure proportional yet interwoven by its force of attraction, securing & protecting its mechanism, one designed & intended to realise constant profits.

WITHOUT DISCIPLINE THE SUPER TRADER’S UNIVERSE CANNOT EXIST.

(G)The Super Trader’s Gravity = (will power +conviction+ persistence +repetition).

If these ingredients are equal to ‘Gravity’ in our Super Trader’s Universe, then ‘Relativity,’(R) the phenomenon which is principally concerned with the large-scale effects of gravitation & governs motion & inertia, must be attributed to our Super Trader’s other ‘Ingredients’;
those of his Preconceived Goals, Trading Rules & Large Positive Dominant Vision.

All These elements must co-exist with one another, their combined force & energy causing change, influencing & affecting our Super Trader’s behaviour. Collectively these 3 ingredients are the governors of his Discipline.

(R)The Super Trader’s Relativity = (Pre-conceived Goals +Trading Rules + Large Positive Dominant Vision).

We can now formulate all the above as follows:


       ( Note: ⊇ means ‘every element of ).

Formula: (D) = (G) x (R) ⊇ (E)
Discipline = (character + conviction + persistence + repetition) x (Goals + Rules + Vision) ? Experience.

To Summarise:
Through Discipline, we can define our actions. The more disciplined you are, the more positive your outcomes & actions will be; leading to more positive attached feelings & emotions. This ultimately positively & permanently reshapes our beliefs, in turn altering the charge & total sum of our experiences.

The Super Traders Universe & our own Physical Universe contain many parallels & similarities yet both hide infinite secrets & mysteries to taunt & tease us. Some may never be solved & some yet to be discovered.

The Super Trader sees every trading day, his trading arena through his inner beliefs, gained from his experiences.
A Trader’s Universe IS a Disciplined Universe. The presence of Discipline is essential to realise a constant & ever increasing flow of profits. It’s the key force that has the power to reshape his beliefs, alter his experiences in a positive way & ultimately manifest his pre envisioned utopian destiny.

A SUPER TRADERS UNIVERSE IS A DISCIPLINED UNIVERSE.

“I Wish You Well In Your Journey & In Your Trading.”

DowBoy b.1967 – Written 17th-July-2009

Declaration Quotations

dowboy — Wed, 27 May 2009 20:29:07 +0000

Declaration Quotations.

Declaration Quotations.
Downloadable Full PDF Version.

Below are listed several ‘Affirmation’ quotations. They will provide you with inspiration as they did me.
* Although the word ‘Affirmation’ is used throughout & not ‘Declaration’, they are still worthy of noting.

My Personal Top 5 Declaration Quotes.

1. “It’s the repetition of affirmations that leads to belief. And once that belief becomes a deep conviction, things begin to happen.”
Claude M. Bristol (1891-1951, American author of "The Magic of Believing)

2. “Any thought that is passed on to the subconscious often enough & convincingly enough is finally accepted.”
Robert Collier (1885-1950, American writer, publisher)

3. “Practice rather than preach. Make of your life an affirmation, defined by your ideals, not the negation of others. Dare to the level of your capability then go beyond to a higher level.”
Alexander Haig (American General, b.1924)

4. “As long as you know what it is you desire, then by simply affirming that it is yours – firmly & positively, with no ifs, buts, or maybes over & over again, from the minute you arise in the morning until the time you go to sleep at night, & as many times during the day as your work or activities permit, you will be drawn to those people, places, & events that will bring your desires to you.”
Scott Reed (African-American author of poetry, essays, & satiric novels, b.1938)

5. “Declare your goals each day. Repeated declarations will lead to inner belief. If your inner self believes what you declare; you will eventually become the person you are committed to be.”
DowBoy (Writer & Trader b.1967)
Website: www.daytradinglife.com

“Affirmation without discipline is the beginning of delusion.”
Jim Rohn (American businessman, author, speaker, philosopher)
Website: www.jimrohn.com

“I figured that if I said it enough, I would convince the world that I really was the greatest.”
Muhammad Ali (1942-, American boxer)

“These repetitive words & phrases are merely methods of convincing the subconscious mind.”
Claude M. Bristol (1891-1951, American author of "The Magic of Believing")

“You must intensify & render continuous by repeatedly presenting with suggestive ideas & mental pictures of the feast of good things, & the flowing fountain, which awaits the successful achievement or attainment of the desires.”
Robert Collier (1885-1950, American writer, publisher)

“One comes to believe whatever one repeats to oneself sufficiently often, whether the statement be true of false. It comes to be dominating thought in one’s mind. ”
Robert Collier (1885-1950, American writer, publisher)

“First say to yourself what you would be; & then do what you have to do.”
Epictetus (50-138, Phrygian philosopher)

“When you affirm your own rightness in the universe, then you co-operate with others easily & automatically as part of your own nature. You, being yourself, helps others be themselves. Because you recognize your own uniqueness you will not need to dominate others, nor cringe before them.”
Jane Roberts

“You will be a failure, until you impress the subconscious with the conviction you are a success. This is done by making an affirmation which clicks.”
Florence Scovel Shinn (1876-1953, American artist, metaphysics teacher, author)

“Only one thing registers on the subconscious mind: repetitive application – practice. What you practice is what you manifest.”
Grace Speare

“You must begin to think of yourself as becoming the person you want to be.”
David Viscott (1938-, American author, speaker, trainer)

“Belief consists in accepting the affirmations of the soul; unbelief, in denying them.”
Ralph Waldo Emerson (1803-1882, American poet, essayist)

“Our subconscious minds have no sense of humour, play no jokes & cannot tell the difference between reality &an imagined thought or image. What we continually think about eventually will manifest in our lives.”
Sidney Madwed

“The individual increasingly comes to know who he is through the stand he takes when he expresses his ideas, values, beliefs, & convictions & through the declaration & ownership of his feelings.”
Clark Moustakas (Humanistic psychologist)

“Both the grand & the intimate aspects of nature can be revealed in the expressive photograph. Both can stir enduring affirmations & discoveries, & can surely help the spectator in his search for identification with the vast world of natural beauty & the wonder surrounding him.”
Ansel Adams (American Photographer, 1902-1984)

“We look at the dance to impart the sensation of living in an affirmation of life, to energize the spectator into keener awareness of the vigour, the mystery, the humour, the variety, & the wonder of life. This is the function of the American dance.”
Martha Graham (American Dancer, Teacher & Choreographer of modern dance, 1894-1991)

“It belongs to the very substance of nonviolence never to destroy or damage another person’s feeling of self worth, even an opponent’s. We all need, constantly, an advance of trust & affirmation.”
Bernard Haring (1912-1998)

“In the progress of personality, first comes a declaration of independence, then recognition of interdependence.”
Henry Van Dyke (American short-story Writer, Poet & Essayist, 1852-1933)

“I wish you well in your journey & in your trading.”

DowBoy b.1967 – Written 9th May-2009

Vision Quotations

dowboy — Tue, 26 May 2009 17:42:44 +0000

Vision Quotations.

Visionary Quotations.
Downloadable Full PDF Version.

Below are listed several quotations related to ‘Vision,’ mental imagery & imagination.
I hope they will provide you with inspiration, & serve you well, as they have for me. “Be all you can be.”
Use Quotations my friends.

My Personal Top 5 Visionary Quotes.

1. “You can’t hit a target you cannot see & you cannot see a target you do not have.”
Zig Ziglar (1926-, American sales trainer, author, motivational speaker)
Author’s website: www.zigziglar.com

2. “Nothing ever built arose to touch the skies unless some man dreamed that it should, some man believed that it could, & some man willed that it must.”
Charles F. Kettering (1876-1958, American engineer, inventor)

3. “Vision is the art of seeing things invisible.”
Jonathan Swift (1667-1745, Anglo-Irish satirist)

4. “A man to carry on a successful business must have imagination. He must see things as in a vision, a dream of the whole thing.”
Charles M. Schwab (1862-1939, American industrialist, businessman)

5. “With a self made vision, a vision so vivid & clear; a knowing & belief manifests. Knowing what must & will be will almost eliminate one’s fear. A good trader will try & control fear. A Super Trader 1st reduces fear in line with ‘Pareto principles,’ encapsulated & shaped by his vision. Now, knowingly he is the master & controller of his fear (his fear of failure).Now only a suppressed, contained & manageable level of fear exists, defined via his dominant masterpiece. Understand; Super Traders are Visionaries.”
DowBoy. (Writer & Trader b.1967)
Author’s website: http://www.daytradinglife.com

“A vision without a task is but a dream, a task without a vision is drudgery, a vision & a task is the hope of the world.”
from a church in Sussex, England, c.1730

“You’ve got to think about big things while you’re doing small things, so that all the small things go in the right direction.”
Alvin Toffler

“Genius is the talent for seeing things straight. It is seeing things in a straight line without any bend or break or aberration of sight, seeing them as they are, without any warping of vision. Flawless mental sight! That is genius.”
Maude Adams

“The only limits are, as always, those of vision.”
James Broughton

“No vision & you perish; no ideal & you’re lost. Your heart must ever cherish some faith at any cost. Some hope, some dream to cling to, some rainbow in the sky, some melody to sing to, some service that is high.”
Harriet Du Autermont

“Some painters transform the sun into a yellow spot; others transform a yellow spot into the sun.”
Pablo Picasso (1881-1973, Spanish artist)

“Vision without action is a daydream. Action without vision is a nightmare.”
Japanese Proverb (Sayings of Japanese origin)

“To come to be you must have a vision of Being, a Dream, a Purpose, a Principle. You will become what your vision is.”
Peter Nivio Zarlenga (American businessman, founder of Blockbuster Videos)

“Create a vision & never let the environment, other people’s beliefs, or the limits of what has been done in the past shape your decisions. Ignore conventional wisdom.”
Anthony Robbins (1960-, American author, speaker, peak performance expert, coach)
Author’s website: www.anthonyrobbins.com

“Some men see things as they are & say, "Why?" I dream of things that never were, & say, Why not?”
George Bernard Shaw (1856-1950, Irish-born British dramatist)

“To be a star, you must shine your own light, follow your own path, & don’t worry about the darkness, for that is when the stars shine brightest.”
Author Unknown

“You must begin to think of yourself as becoming the person you want to be.”
David Viscott (1938-, American author, speaker, trainer)

“I was once asked if a big business man ever reached his objective. I replied that if a man ever reached his objective he was not a big business man.”
Charles M. Schwab (1862-1939, American industrialist, businessman)

“Reach high, for stars lie hidden in your soul. Dream deep, for every dream precedes the goal.”
Pamela Vaull Starr

“Vision plus desire equals reality.”
Author Unknown

“Dwell in thought upon the Grandest, And the Grandest you shall see; Fix your mind upon the Highest, And the Highest you shall be.”
Author Unknown

“When I think of vision, I have in mind the ability to see above & beyond the majority.”
Charles Swindoll (1934-, American pastor, author)

“All successful people are big dreamers. They imagine what their future could be, ideal in every respect, & then they work every day toward their distant vision, that goal or purpose.”
Brian Tracy (1944-, Canadian-born American trainer, speaker, author, businessman)
Author’s website: www.briantracy.com

“It is the ultimate wisdom of the mountains that a man is never more a man than when he is striving for what is beyond his grasp.”
James Ramsey Ullman

“Where there is no vision, the people perish.”
The Holy Bible (Sacred scriptures of Christians & Judaism)
Source: Proverbs 29:18

“I wish you well in your journey & in your trading.”