September 2016

  Show up, consistently, with a good attitude, for a long enough period of time, with faith and a burning desire, be willing to pay the price and operate with integrity.

  If you have been reading along with me the last month as we have been discussing the idea of success, a mantra addressing it, and some laws regarding your achievement of it, then today we will be rounding third base and running for home plate.

Hopefully, the ideas we’ve been discussing, although they are simple to do, and just as simple not to do, have made their way into your conscious and unconscious mind and are starting to gain momentum in application.

To bring it in, today we’ll cover the last law.

‘Be willing to pay the price.’

This is ultimately the barrier of entry into the path of achievement.

To become a successful physician it takes a decade + of schooling, years of residency, and many more years of practicing medicine and building a practice.  To become a successful lawyer is again a similar path.

Building your skill set as a professional trader can deliver profits comparable and even bigger than the aforementioned, and because of this, it is not unthinkable that it too will take significant sacrifice.

Each individuals journey is different.  For some, it will involve going to great lengths to understand a methodology and develop a set of indicators like Smart Money Profile Software in order to be able to gain the edge in the market.  For others, it will mean waking in the middle of the night to drive 100 miles round trip to put in the time at Fx365i.

This 6th and final post regarding success is not to tell you what the ‘price to pay’ will be for you, but instead, to remind you that to win big, there will be one that needs paying.  When challenge inevitably occurs, remember this and set yourself up for victory by having the required attitude to endure.

As you learn the skills, and inch closer to your goal, remember to enjoy the process, give thanks for the good that surrounds you, and look forward to better days to come.

To your Success!

Visit www.forex365institute.com for more.

Faith.  What does faith mean to you?  For some its a novelty.  Others, a wishful state of thinking, and yet others, something to be found through warship.

How does this pertain to your success you ask?

As our success mantra reads, one must combine all of these practices we have discussed thus far.  Consistency, Attitude, Integrity, Long-Term Action…  And on top of this, one must do so with Faith and a Burning desire.

Burning desire is less difficult to imagine.  As a child, it is likely that at some point we fancied something we wanted so badly.  A bicycle perhaps, new clothes, a barbie, and because of the burning desire to obtain said thing, we begged, convinced, even worked at whatever we could, (think lemonade stands and lawn mowing,) to get this object that we so badly craved.

THAT level of desire is the level of desire that must be adopted in the pursuit of your success trading.  If trading is just another means of cultivating a little bit of money for you, it is likely that the challenge of it will throw you off course and you will find an easier means to do so.

If truly having a skill set that allows you to use your computer and internet from anywhere in the world to effectively evaluate the FOREX market and place trades for profit can facilitate a dream of yours, then you will likely maintain the burning desire necessary to persevere.

So what about Faith?  Many have belief in a place where they need faith.

In short,

‘a man had a friend who was a gifted tight rope walker, and this gifted walker wanted to pull off a courageous stunt.  He decided to tight rope without a tether between two very tall buildings.  To make his stunt all the more difficult, he decided that he would also push a wheelbarrow on the tightrope from building to building.  The man practiced and practiced until he was ready to attempt his stunt and his big day came.  Just before he got ready to go, his friend and supporter displayed the biggest act of faith he could.  You see, for the friend to have belief would be for him to be there rooting his friend on, confident of his friends ability to cross the tight rope without falling.  Instead, he chose faith, and jumped in the wheelbarrow as a passenger.’

What is the metaphorical wheelbarrow for you in your trading journey, and if you haven’t reached that level yet, what can you do to inch closer?

For more, visit www.forex365institute.com

Show up, consistently, with a good attitude, for a long enough period of time, with faith and a burning desire, be willing to pay the price and operate with integrity.

Redundant?  Maybe.  Necessary?  Absolutely.

We’ve now covered showing up consistently, attitude, and integrity..  Are you doing or modifying these outlooks and behaviors and still hungry for success?

Congratulations, you’re further along than the majority of people.  In fact, one idea that actually can be pointed to as a single success strategy is to ‘observe the masses and do the opposite.’  By now, if you have taken the time to read these blogs, and furthermore to absorb and consider some of the content at a personal level, you are now operating from a framework that is quite the opposite of the masses.

This naturally brings us to enduring ’til the end or for sake of our success mantra, ‘for a long enough period of time.’

So here is the question, how long is a long enough period of time?  As long as it takes.  With a business such as trading, where the tangible result of pursuing expertise comes a long long time after you initially begin, and each individuals path is different from the next, there can be no expectation of a reasonable timeline.  To do so is to set yourself up for definite failure.

Our lead instructor LaCurtis Mayes always says, ‘the only way to fail is to quit.’  Truer words have never been spoken.

This is not a pursuit that shares the necessity of youth that professional sporting requires.  This is not a pursuit where pedigree determines the outcome.  This is a pursuit accomplished and perfected by an adequate dose of ‘elbow grease.’

So for this week I propose, if you have a line in the sand regarding how far you’ll go before you give up trading, erase that line.  Decide here and now that ‘I WILL UNTIL…’  and recognize that no matter how long it takes, trading FOREX profitably, part time, is worth the energy, frustration and tenacity required.

After all, ask anyone in the winners circle if the time it took to achieve their goals was ‘worth it,’ and you may be met with blank stares, because winners may never have entertained another option.

Here is to you staying the course, and erasing your proverbial line in the sand.  Until next time, Happy Pipping.

So you’re getting the point.  You’re acting with Integrity, you’re showing up consistently, but something’s missing.  The dots just aren’t yet connecting.

What could you be doing wrong?  Well, per deductive reasoning, its time to have an AC… No, not air conditioning, but an ‘Attitude Check.’

If you recall, there is a formula that we have been discussing.

Show up, consistently, with a good attitude, for a long enough period of time, with faith and a burning desire, be willing to pay the price and operate with integrity.

  So what does having a good attitude have to do with anything?

Well when it pertains to trading, once you start to get past learning the in & outs technically speaking, 90% of your success is going to depend largely on your mindset.

To make this point, I will use a sports analogy.  Remember, in baseball, you can essentially strike out 6-7 out of 10 times, and still get paid millions of dollars.

Have you ever noticed that for the most part, when one of these .300 + hitters strikes out, they don’t usually mope their way back to the dugout, kick rocks, and cry about their performance.

They typically accept that they struck out, and continue playing their game, knowing that its just a matter of odds that the next time they step up to bat, they may in fact get a hit or even hit a home-run.

Now, consider the idea that each time that one of these players misses, they start a conversation in their head that says, ‘I suck, I don’t know if I’m ever going to be a worthy baseball player, I need to consider other career options… wah wah wah.’

This is not their winning strategy.  They go back to the dugout, play their game, go to practice, hone their skills, and the greats tell themselves a story that sounds more like, ‘I am a champion.’

Your TRADING game needs to be approached the same way.  The story you repeatedly tell yourself, will make the difference over a long enough period of time.  ANYONE can learn to trade successfully, but not EVERYONE will.  This is not because the technical skills are too hard to learn, but that the emotional skills sometimes can be.

There are countless ways to develop a winning attitude.  Study the greats, in sports, in business, in life.  Read the FOREX 365 INSTITUTE Trading Journal.  DECIDE now how you want to manage a losing day and how you want to celebrate a winning performance.

And last, realize that this is a muscle that you must exercise repeatedly in order to be strong.

Until next time, happy Pipping.  For more information visit www.forex365institute.com.

 

In our most recent Blog Post, I discussed the idea of living with a winning life philosophy.  This is something as I suggested that alludes the un-successful, and is second nature to the successful.

While there are many different life philosophies that have carried people on the arc of success, in my opinion, few have summed it up as simply and directly as this:

Show up, consistently, with a good attitude, for a long enough period of time, with faith and a burning desire, be willing to pay the price and operate with integrity.

  I talked a little bit about the integrity peace of the puzzle before.  Today lets talk about about what ‘showing up consistently,’ might mean in your path as a student.

This especially is a topic that at times I feel is misunderstood.  There certainly is some ‘dignity,’ in the very act of dragging one-self out of bed every morning at the crack of dawn to watch price-action in the market go up, go down and repeat itself.  While it is certainly necessary to take part in this action to learn how the market moves and become familiar with it, this is not the only action that can determine your success.

How do we know this?  Because not every single person who simply watches the market move everyday for a long period of time finds the success they are looking for.

What I propose, is that ‘Showing Up Consistently,’ has more to do with HOW you are developing your trading skill & knowledge on a daily basis than just how many hours of screen time you are putting in.  Trading is both speculative and reactive, however if you are just a witness your whole career, you will never make the necessary leap to becoming a ‘speculator.’

What I recommend is to make your act of ‘showing up consistently,’ more about education than observation.  Take time to look at the charts hours after session.  Analyze the 1hour & 4hour charts and then see how they correspond to the 15minute & 5minute charts where you likely would’ve made a decision to place a trade.  Was there a clear point of entry where you would’ve opened a trade?  Perhaps coinciding with one of the 3 beginner entries we teach?  Be honest with yourself, sometimes the market moves, but it doesn’t ‘let you in.’  Start to formulate plans surrounding criteria you are looking for.

Maybe reviewing charts in hindsight still makes you feel like you are looking at a completed puzzle but don’t really understand how you would’ve actually put the puzzle together yourself.  Maybe this means that your ‘showing up consistently,’ can mean reviewing and re-reviewing your Virtual Classroom to see if there is a ‘piece of the puzzle’ you are overlooking.

Remember,

Show up, consistently, with a good attitude, for a long enough period of time, with faith and a burning desire, be willing to pay the price and operate with integrity.

Each step matters as much as the next and a pie missing any-one ingredient may not result in a favorable dessert at all.  View your trading the same and consistent profit can be yours sooner than later.

Visit us at www.forex365institute.com to learn more about education and courses.