My Edge 3

1. B: Big Picture: Compare the stock at large time frames (daily charts). See whether if the stock is in the upper or lower range. Compare the stock with the index. Dtermine the DD and SS levels with the index and aim to distinguish quality demand and supply levels when compare with index.

2. S: Strength: Gaps or big candles.

3. P: Profit margin: 3 to 1, the extent of the move. Need not be to my target.

4. T: Time: Few candles, short time.

5. R: Retracement: 1st retracement (Fresh level)

My Edge 2

4. Patience: Be patient, the market spends the least amount of time in situations where demand and supply is out of balance. We must be patient and discipline to look for low risk, high reward, high probability opportunity. We turn on our computer and look for low risk, high reward, high probability opportunity; if we find it, we take action; if no, we have the patience and discipline to wait for it.

5. Foundation of the strategy: How markets really work and why prices move.
Who is on the other side of my trade.

My edge

1. B: Big picture: Near the top or near the bottom.
2. S: Stength of Move: Gaps or Big candles
3. P: Profit Margin: Profit Margin of at least 2 to 1
4. T:Time: Very short, very few candles.
5. R: Retracement: 1st retracement or at most 2nd retracement

1. Separate reality (demand and supply)from the illusion (conventional technical analysis, news, announcements, earnings, upgrades and downgrades)
2. Look for the lowest risk, highest reward and highest probability opporatunities, be different and have an edge over my competition.
3.Focus myself as the opponent, never keep growing and improving.Failure is really a learning experience and a key lesson that helps me succeed towards my goal, Failure happens for me.

Affirmation for trading

1. Technical Analysis: Behavioural Patterns
Mental Analysis: Think like a trader.

2. Attitude :
Take 100% responsibility for my success as a trader.
Have a winning attitude: Expecting a positive result from my trades with the accpetance that whatever results I get reflects my atsge of development and what I need to learn to do better.
I am a worthy person. I am a valuable person. I deserve to be rich. I deserve to be a multi-millionire.

3. Trade without fear.
a)Any thing can happen.
Every trade is unique and independent.

I predetermine the risk of every trade.
I accept the risk.
I pay myself as the market makes money avaiable to me.

I do not need to know what is going to happen to make money.
There is a random sequence of wins and losses in a given set of variables defined as an edge.
An edge is an indication of something happening over another.

I keep the odds in my favour for every trade.
I have a large sample size.
I objectively identify my edge.
I act on my edge without reservation and hesitation.
I continually monitor myself for any trading errors.
I know the necessity of these principles of consistent success and I will never violate them.

b) I am a consistently successful trader.
Sberve my thoughts, speech and actions.Refocus.
Self discipline and Refocus.
I am a consistently successful trader.

c) Beliefs affect my expectations, affect my perceptiona and interpretation, affect my decisions and actions, affect how I feel about my actions and decisions
There is no truth only useful or useless beliefs.
I channel energy into my useful beliefs and withdraw energy from my useless beliefs.

4. Trade without recklessness.

I have a mental structure (rules, retrictions and boundaries) on when to enter, when to take losses, when to take profits and how much to play.

Affirmation

1. I am a worthy person. I am a valuable person. I derserve to be rich. I deserve to be a multi-millionnaire.

Making money is easy. I make money easily, quickly and in large amounts.

Rich people are the best people in the world. I am rich. I help other people and benefit them.

2. I am a consistently sucessful trader. I implement my trading plans with discipline and risk control and explit and profit from the big swings in market psychology which are irrational but repetitive. I am earning at least US$15000 per month from my trading.

3. I am an excellent teacher and writer. I am teaching courses and writing books based on Napoleon Hill's Think and Grow Rich and Sun Tzu's Art of War. I am earning at least US$10000 per month from my teaching and writing.

3. I am an excellent passive income earner. My main job is to manage my trading income of US$15000 per month and working income of US$10000 per month. I create passive income structures for them. My money works hard for me and generate more money for me. I earn enough passive income to support my desired lifestyle. I work because I love to.

4. I am a good person. I am a good husband. I am a good father. I am a good son. I am a good brother. I am a good friend. I live at Blk 341 Tampines Street 33 #06-280 with my happy family with my silver Toyota Camry G and at least US$1.8 million in my bak account with Standard Chartered Bank. We also own 35 Bedok Place as our investment property.

5. I am a philanthropist and educator and the Board of Director of Hwa Chong Institution.

Affirmation for trading

1. Technical analysis- Behavioral patterns
Mental analysis-Think like a trader.

2. Attitude:
Take 100% responsibility for my success as a trader.
Winning attitude: Expect a posistive result with the acceptance that whatever results refelect the stage of my development and what I need to do to be better.
I am a worthy person. I am a valuable person. I deserve to be rich. I deserve to be multi-millionaire.

3. Trade without fear:

a) Anything can happen
Every moment is unique.

I predefine the risk of my every trade
I accept the risk.
I pay myself as the market makes money available to me.

I do not need to know what is going to happen next to make money.
There is a random sequence of wins and losses in a given set of variables defined as an edge.
An edge is an indication of something happening over another.


I have to keep the odds in my favour for every trade.
I have to have a large sample size.
I objective identify my edge.
I act on my edges without reservation and hesitation.
I continually monitor myself for any trading errors.
I understand the necessity of these principles of consistent success and I will never violate them.

b) I am a consistently successful trader.
Observe and refocus.
Self discipline and refocus.
New identity.

c) Beliefs affect everything.
There is no truth, just useful or useless beliefs.
I channel energy into my useful beliefs and draws energy from my useless beliefs.

4. Trade without recklessness.
I am a mental structure (rules, boundaries and restrictions) on when to get in, when to take profit, when to take loss, how much to play.

Affirmation

1. I am a worthy person. I am a valuable person. I deserve to be rich. I deserve to be a multi-millionaire.

Making money is easy. I make money easily, quickly and in large amounts.

Rich people are the best people in the world. I am one of them. I am rich. I help other people and benefit them.

2. I am a consistently successful trader. By 2011, I am the President and Chief Executive of my company. I implement my trading plans with discipline and risk control and exploit and profit from the big swings in market psychology which are irrational but repetitive. I am earning at least US$15000 per month from my trading.

3. I am an excellent teacher and writer. By 2011, I am teaching courses and writing books based on Napoleon Hill's Think and Grow Rich and Sun Tzu's Art of War. I am earning at least US$10000 per month from my trading.

4. I am an excellent passive income earner. My main job is to manage my money , manage my trading income, manage my working income and create passive income structures for them. My money works hard for me and generate more money for me. I generate enough passive income to support my desired lifestyle .I work because I love to.

5. I am a good person, I am a good husband for Hwei Ling, a good father for my 3 kids, a good son for my mother, a good brother for my 3 sisters and a good friend for all my friends. I am living in my happy home at Blk 341 Tampines Street 33#06-280 with my happy family with my silver Toyota Camry G and at least US$1.8 million in our bank account with Standard Chartered Bank. We also own 35 Bedok Place as our investment property.

6. I am a philanthropist and the board of director of Hwa Chong Institution.

Affirmation for Trading

1. Technical analysis is about behavioural patterns.
Mental analysis is to think like a trader.

2. Attitude:
i)Take 100% responsibility.
ii) Wining Attitude. Expecting a positive result from my trades with the acceptance that whatever that happens is a result of my development and what I have to learn to do better.
iii) I am a worthy person. I am a valuable person. I derserve to be rich. I deserve to be a multi millionaire.

3. Trade without fear.
i) Anything can happen.
ii) Every moment is unique and independent.
iii) I do not have to know what is going to happen next to make money.
iv) There is a random sequence of wins and losses in a given set of variables in an edge.
v) An edge is an indication of a higher probabilty of something happening over others.

i) I perdefine the risk of every trade.
ii) I accept the rick.
iii) I pay myself as market makes money available to me.
iv) I objectively identify myedge.
v) I act on my edge without reservation or hesitation.
vi) I continually monitor my susceptibility of making errors.
vii) I understand the significance of these principles of consistent success and I will ne ver violate them.

i) Ther is no truth. Beliefs are judged by the extent which they are useful to what I want to achieve.
ii) Beliefs affect my expectation, my perceptiona dn interpretation. Affect my actions and decisions. Affect my feelings.
iii) Beliefs resist changes and demand expression. As such, I channel more energy to my useful beliefs and deactivate my useless beliefs.

i) I am a consistently successful trader.
ii) Observe and refocus.
iii) Self discipline and refocus.
iv) New identity.

4. Trade without reckelessness. Need a mental structure, (restrictions, boundaries and rule on when to enter, when to take profit, take losses and how much to play)

Affirmation

1. I am a worthy person. I am a valuable person. I deserve to be rich. I deserve to be a multi-millionaire.
Making money is easy. I make money easily, quickly and in large amounts.
Rich people are the best people in the world. I am one of them. I am rich. I help other people and benefit them.

2. I am financially free. I have accumulated US$1.8 million and have been accumulating US$15000 per month for the past 10 years. My main job is to manage my money, manage my trading income of US$15000 per month and my teaching and writing income of US$10000. I create passive income structures for my trading income and working income. My money works hard for me and generate more money for me. I create enough passive income to suupport my desire lifestyle. I work because I love to.

3. Why? For me to become the person with the right beliefs, attitude and mindset. By 2011, I am the President and Chief Executive of my company. I follow my trading plan with discipline and risk control and expoit and profit from the big swings in market psychology which are irrational but repetitive. I am earning at least US$15000 per month from my trading. By 2011, I am teaching courses and writing books based on Napoleon Hill's Think and Grow Rich and Sun Tzu's Art of War. I am earning at least US$10000 per month from my teaching and writing.

For the desired lifestyle for myself, my wife Hwei Ling, my 3 kids , my mother, my family and friends. I am a good person, a good husband, a good father, a good son, a good brother and a good friend. I am a consistently successful trader and an excellent eacher and writer. I am living in my happy home at Blk 341 Tampines Street 33 #06-280 with my silver Toyota Camry and at least US$1.8 million in my bank account with Standard Chartered Bank. I also own 35 Bedok Place as our investment property.

I am a phlanthropist, an educator and the Board of Director of Hwa Chong Institution.

Consistently Successful Trader Affirmation

1. Technical Analysis-For Behavioral Patterns
Mental Analysis-Think like a trader.

2. Attitude-
a) I take 100% responsiblity for my success as a trader.
b) Winning Attitude-I expect a positive outcome for my trades while accepting that whatever outcome I get reflects my development as a trader and what I need to learn to do better.
c) Self worth- I am a worthy person. I am a valuable person. I derserve to be rich. I deserve to be a multi-millionaire.

3. Beliefs-I trade without fear.
a) I align the 5 fundamental truths of trading into my mental environment.

i)Anything can happen, just need one trader to negate the positive outcome of my trade.
ii)Every trade is unique and independent of one another. No 2 moments are the same.
iii) I do not need to know what is going to happen next to make money since there is a random sequence of wins and losses in a given set of variable.
iv) There is a randomsequnce of wins and losses in a given set of variables defined aa an edge. Every loss brings faster the next win.
v) An edge is nothing more than a higher probabilty of something happen over another. I must keep the odds in my favour and take a large enough sample size. I need not second guess or add new variables since the probabilty is fixed, since anything can happen.

b)
i)I predefine the loss of every trade.
ii) I accept the loss
iii)I pay myself as the market makes money available to me.
iv)I objectively identify my edge.
v) I act on my edge without reservation and hesitation.
vi) I continously monitor my succeptabilty for any trading errors.
vii) I understand the nessity of the above 6 principles of consistent success and I will never violate them.

c) Changes
I am a consistently successful trader
Observe my thinking speech and actions.
Self discipline and Refocus.
New identity

d) My beliefs-
There is no truth. Beliefs are either useful or useless to what I desire to achieve.
Beliefs determine everything.
I will channel more energy into useful beliefs and deactivate and draw out energy from my useless beliefs.

4. Beliefs - I trade without recklessness.
I have rules boundaries and restrictions (when do i enter, how much do I enter, what to take loss and when to take profit) to guide my trading.

Affirmation

1. I am a worthy person. I am a valuable person. I deserve to be rich. I deserve to be a multimillionaire.

Making money is easy. I make money easily, quickly and in large amounts.

Rich people are the best people in the world and I am one of them. I am rich. I help other people and benefit them.

2. I am financially free. I have accumulated US$1.8 million and have been accumulating US$15000 per month for the past 10 years.

My main job is to manage my money, manage my trading income of US$15000 per month and working income of US$10000 from my teaching and writing. I also create passive income streams for my trading and working income. I put my trading income of US$15000 into 6 accounts every month. $14000 into FFA, $200 intoLTSS, $200 into EDU, $200 into NECC, $200 into PLAY and $200 into GIFT. I put my working incomeof US$10000 into my 6 accounts every month. $1000 into FFA, $1000 into LTSS, $1000 into EDU, $5000 into NECC, $1000 into PLAY and $1000 into GIFT account.

I am an excellent money manager. My money works hard for me and generate more money for me. I create enough passive income to support my lifestyle. I am fincially free, work because I love to.

2. Why? For the person I become in terms of beliefs, attitude and mindset. I am a consistently successful trader. I am an excellent teacher and writer. I am a good husband, father, son, brother and friend. I am a good person. I am a philanthropist. By 2011, I am the President and Chief Executive of my company. I implement my trading plans with discipline and risk control and exploit and profit from the big swings in market psychology which are irrational but repetitive. I am earning at least US$15000 per month from my trading. By 2011, I am teaching courses and writing books based on Napoleon Hill's Think and Grow Rich and Sun Tzu's Art of War. I am earning at least US$10000 per month from my traching and writing.

For the desired lifestyle for myself, Hwei Ling and our 3 kids, my mother, my family and my friends. By 2020, I am living in my Blk 341 Tampines Street 33 #06-280 with my happy family, with my Toyota Silver Camry G and at least US$1.8 million in my bank account with Standard Chartered Bank. We also own 35 Bedok Place as our investment property.

For the valuse I created for other people. I am a philanthropist and a teacher and the Board of Director of Hwa Chong Institution.

T Harv Eker Millionnaire Mind Intensive II

5. Excellent Receiver

i) Universe, if there is anyone who has something great coming to them but is unwilling to receive it, send them to me. I am open and willing to receive everything.

ii) Practise receiving with my Play account.

iii)Practise receiving fully all the money that come to me. My investment income, my passive income, my working income, my savings from simplify and money that I found. I am a Money Magnet! Thank You Thank You Thank You.

6. Success

i) Recognize and acknowledge all my Successes.
ii) Celebrate all Wins!
iii)Keep a Success Journal with 5 successes everyday!

7. Success Theme

i) Write a Success Theme and sing it 5 times everyday.

8. Action.

i) Feel the fear and do it anyway.
ii) Act in spite of fear.
iii) Success comes from the HEART!

T Harv Eker- Millionnaire Mind Intensive

1. Right Beliefs

i) I am a worthy person, I am a valuable person, I deserve to be rich, I deserve to be a multi-millionnaire. I have a millionnaire mind.

I am an excellent receiver because I give readily to everyone.
I am an excellent of help from everyone beacuse I help everyone.
I love selling and promoting because I have so much to offer. I have a millionnaire mind.

ii) I make money easily and quickly in large amounts. I have a millionnaire mind.

iii) Rich perople are the best people in the world and I am one of them. I am rich. I give readily to everyone and benefit them. I have a millionnaire mind.

2.What I want.

i) I want financial freedom, to live my desired lifestyle for myself, my wife, my mother, my family and my friends without working and without relying on anyone for money. My aim is to accumulate at least US$1.8million in my financial freedom account ie US$15000 per month for the next 10 years.

ii)I am an excellent money manager. I pay myself frist and put money into my financial freedom account everyday. Manage my inflows: investment income, passive income, working income, savings and simplify. Manage my outflows: FFA, LTSS, EDU, NECC, PLAY, GIVE. 50% for NECC, the rest 10%each from my working income. My Passive income and Investment income: 50%for FFA, the rest 10% each.

iii)My main job is to manage my money, my investment income and to create passive income structures. My money works hard for me and generate more money for me. I create enough passive income to support my desired lifestyle. I am financially free, work beacuse I want to work and not because I have to.

3. Why I want financial freedom.

i) To be the person I have to be in character, minset and habits -Real, from the heart, and honest.

ii) For the desired lifestyle for my wife, my mother, my family and friends- Spend time with them, Spend money on them, Go Tavelling- Purpose, Family.

iii) Becoming rich is proportionate to the problems I solve and the value I create to the world- Giving, Attitude to failures and Learning.

3.Change my Beliefs.

i) Find counteracting evidence for my negative beliefs.
ii) Find supporting evidence for my supportive beliefs.

iii) We don't see the world for what it is , we see the world as what we are, When we believe it, we see it. We act or not act acording to our beliefs and therefore produce the exact results as our beliefs.

Yeo Keong Hee's Book

1. Psychology

i. Take advantage of market's psychology. Overcome my trading bias. Stay disciplined in following my rules.

ii. Think in terms of probability. My system should be evaluated over a large number of trades across all market conditions. Do not be bothered by my recent trades and do not try to predict the future. Let the odds play out.

iii. Master myself. Have a trading routine.


2. Have an edge over the market.

i. 70% success rates
ii. Know the logic of my system. Believe it wholeheartedly . Follow my rules wholeheartedly.
iii. BSPTR: Order flow, Demand and supply of professionals, origin of price movement. Who is on the other side of my trade? Have an edge, be different from the herd, get in faster than the herd and get out faster than the herd.

3. Money management

i. Reward to risk of 2 to 1 at least
ii. Position sizing with risk 0.5% of equity
iii. Exit: Fixed exit, trailing stops, scale in, Avoid large losses.


4. System

i. Trade frequency vs selectivity
ii.Balance reward to risk 2 to 1
iii. Balance success rate 70%

Trader's Psychology-Yeo Keong Hee's Book

Difference in how novices and professional think

1. Professional is disciplined in following rules.

Novices need to be right.
They let looses run and cut profits short.

2.Professionals think in terms of probability. They will not be bothered by recent trades and test their system over a large number of trades across all market conditions (trending vs ranging; quiet vs volatile).

Novices are bothered by recent trades. They test their system by selective perception to fit in what they believe in.

3. Professionals think differently from the rest and get in and get out faster than the majority.

Novices seek safety in others. They buy at the top and sell at the bottom.

4. Professional think simple. They concentrate on crowd psychology and concentrate on overcoming their bias. They do not predict the future, is not affected by the past behaviour. They concentrate on the present, concentrating on what the market is telling them with a simple trading plan (order flow, demand and supply, origin of price movement) with risk management and exits (keep losses short and let profits run) and discipline to follow the plan.

Novices focus on indicators and seek sophistication.

5. Professionals do not care about news and economic indictaors

Novices seek to understand news and economic indicators.

6. Professionals focus on how the market really works, why prices move and the origin of price movement. (order flow, demand and supply, origin of price movement); who is on the other side of your trade; and have an edge.

Novices seek pattern recognition according to selective perception. Seek sophistication.

My vision

I am leading

1. A life of Success as a Trader, Teacher and Writer.

By 2012, I am the President and Chief Executive of the Yeou Family Investment Corporation. I implement my trading plans with Risk Control and Discipline and exploit and profit from the big swings in market psychology which is irrational but repetitive. I am earning at least US$10000 per month from my trading.

By 2012, I am teaching courses and writing books based on Napoleon Hill's Think and Grow Rich and Sun Tzu's Art of War. I am earning at least US$10000 per month from my teaching and writing.

2. A Life of Contribution to my family, my students and my school.

By June 2010, I am contributing 10% of my trading profits to Hwei Ling, my family and my friends, 10% of my trading profits to myself and 10% of my trading profits to my education and 70% of my trading profits to my Financial Freedom account.

By 2012, I am contributing to the lives of m y students with my teaching and my writing.

By 2020, I am contributing to my school as the Board of Director of Hwa Chong Institution.

In return to my life of Success as a trader, teacher and writer and my Life of Contribution to my family my students and my school, I will

i) implement my trading plans with risk control and discipline
ii) Master and apply my knowledge of financial markets history in my trading and investment
iii) Master and apply the teachings of Napoleon Hill and Sun Tzu's Art of War in every aspects of my life.

3. A life of Abundance and Love with my family

By 2020, I am living in my lovely house in Blk 341 Tampines St 33 #06-280 with my family with my Silver Toyota Camry G and at least US$1 million in my bank account with Standaard Chartered Bank.

In return of my life of Abundance and Love, I will love and cherish them, give them my very best in terms of time and money forever.

4. A Life of Sound Physical Health

By June 2010, I weigh 65kg, with Hba1C of 6 till at least I am 65 years old.

In return for my life of sound physical health, I will
i) Eat only fish soup, soup with rice, vegetarian food and Yong Tau Foo.
ii) Exercise at leat 3 times per week
iii) Sleep at 12 midnight to 7 am daily.

Sun Tzu's Art of War

1. Subdue the enemy without fighting is supreme excellence.
2. Defence-Make myself invincible and never miss a chance to defeat the enemy, will only attack when victory is secured.
3. Attack with energy, momentum and timing.
4. Attack at the weak points.
5. Attack with speed.
6. Use spies.
7. Be thoroughly prepared for whatever which may happen.

Napoleon Hill

1. Desire

My ideal lifestyle is a life of Success as a Trader, Teacher and Writer.

By 2012, I am the President and Chief Executive of the Yeou Family Investment Corporation and the Chief Fund Manager of the Yeou Family Financial Freedom Fund. I implement my trading plan with discipline and risk control and exploit and profit from the big swings in Market Psychology which is irrational but repetitive. I am earning a monthly income of at least US$10000 per month from my trading.

By 2012, I am a PTtutor with NYP and NTU, teaching Economics and Statistics. I am teaching courses and writing books based on Napoleon Hill's Think and Grow Rich and Sun Tze's ASrt of War. I am earning at least US$10000 per month from my teaching and writing.

My ideal life is a life of Contribution to my family, my students and my school.

By June 2010, I am contributing at least 10% of my trading profits to my family, my gifts for my dear wife and my friends.
By 2012, I am comributing to the lives of my students.
By 2020, I am contributing to my school as the Board of Director of Hwa Chong Institution.

My ideal life is a life of Abundance and Love with my Family.

By 2020, we live in 35 Bedok Place opposite my sister with my Silver Toyota Camry and at least US$1 million in my bank account with Standard Chartered Bank.

My ideal life is a life of Sound Physical Health weighing 65kg, with Hba1C of 6 till I am at least65 years old.

2. Faith

Have the habit of affirming my definite major purpose daily.
See myself already in posession of the things I want.
I have a burning desire to achieve the things I want. I have the right to the things I want and I am going to earn that right by giving more than I desire.

3. Plan

Use only facts in my plan.
Make my own decisions.
Never change what I want.

4. Action

Don't procrastinate. Start where I stand. Use my available tools. Better tools will come along.
Go the extra mile. I have the right for the things I want. I am going to earn that right by giving more than what I want. Give more and better services, to all people at all times with a pleasing, plesant attitude.
Budget all my time to the attainment of my definite major purpose.

5. Persistence
Recogise that temporary defeat is not failure. It is just a signal that my plan don't work. Build other plans. Start all over again.
Recognize that every adversity carries with it the seed of an equivalent and greater benefit.
Recognize that man's faith is tested many times. This is just one of the testing times.

Napoleon Hill

1. Desire

My ideal lifestyle is a Life of Success as a Trader, Teacher and Writer.

By 2012, I am the President and Chief Executive of the Yeou Family Investment Corporation and the Chief Fund Manager of the Yeou Family Financial Freedom Fund. I implement my trading plans with discipline and risk control and exploit and profit from the big swings of market psychology which is irrational but repetitive. I am earning at least US$10000 per month from my trading.

By 2012, I am a PT tutor with NYP and NTU, teaching Economics and Statistics. I am teaching courses and writing books based on Napoleon Hill's Think and Grow Rich and Sun Tzu's Art of War. I am earning at least US$10000 from my teaching and writing.

I am leading my life of Contribution to my family, my students and my school.

By June 2010, I am contributing 10% of my trading profits to my family, my wife and my friends.
By 2012, I am contributing to the lives of my students with my teaching and writing.
By 2020, I amd contributing to my school as the Board of Director of Hwa Chong Institution.

I am leading my life of abundance and love with my family.

By 2020, We live in 35 Bedok Place opposite my sister with my Toyota Camry and at least US$1 million in my bank account with Standard Chartered Bank

I am leading my life of Sound Physical Health with weight 65kg, Hba1C of 6 till at least 65 years old.

2. Faith

Have the habit of affirming my major purpose daily.
See myself already in possession of the things I desire.
I have a burning desire of their realisation, I expect success. I earn the right of my sucess since I give more than what I desire to have.

3. Plan
Use only facts in my planning.
Make my own plans.
Make my plans and never change my plans.

4. Action
Do not procrastinate. Start from where I stand. Use my available tools. Better tools will come along.
Go the extra mile. Render more services, better service, to all people at all times with a pleasant, pleasing attitude.
Budeget all my time to the attainment of my definite major purpose.

5. Persistence
Recognize that temporary defeat is not failure. It is just a signal that my plans are unsound. Build better plans. Start all over again.
Recognize that every adversity carries with it the seed of an equivalent or greater benefit.
Recognize that man's faith is tested many times. It is just one of the many testing times.

Napoleon Hill Summary

5 steps

1. Desire

Have a definite major purpose.

My ideal life is a Life of Success as a Trader, Teacher and Writer, a Life of Contribution to my Family, my students and my school, a Life of Abundance and Love wth my Family and a Life of Sound Physical Health.

2. Faith

i)Have the habit of affirming my major purpose at least once daily and
ii) See myself already in possession of the things I want.
iii) Have a burning desire for the realization of my definite major purpose.

3. Plan

i) Use only facts instead of opinions in my decision. Guard against my tendency to harmonize my decisions with my desires and others by asking how they know, ascertain their motives and solicit 3 experts for their views.
ii)Make my own decisions.
iii)Make decisions promptly and never change them.

4. Action

i) Do not procrastinate and be indecisive. Start where I stand. Use my available tools. Better tools will come along.
ii) Go the Extra Mile. Render more service and better service to all people at all times with a pleasing, pleasant attitude. Outdo all my previous efforts.
iii) Budget my time and money towards to attainment of my definite major purpose.

5. Persistance

i) Know that temporary defeat is not permanent failure. It is just a signal that the plans are unsound. Build other plans. Start all over again.
ii) Know that every adversity carries with it the seed of an equivalent benefit. Immediately look for the seed of the equivalent benefit.
iii) Know that man's faith is tested many times and this is just one of the testing times. Have a definite major purpose. Have a definite plan expressed in continuous action. Have a Mastermind group to turn to. Have the habit of igmoring the negative and discouraging remarks of relatives, friends and aquiantances.

Napoleon Hill

Step 3 The Mastermind

1. Form my Mastermind with Hwei Ling, my mother and my sister. My best friend Dewei, Shing Yuen and Tina.

2. Meet them regularly, give them the motivations and incentives and ensure perfect harmony.

3. They are Loyal, Dependable, Ability, Positive, Faith and Go the Extra Mile.

Napoleon Hill

Definiteness of Purpose

Step 1 Have a defininite major purpose

1. I am leading a life of Success as a Trader, Teacher and Writer.

In return, I
i) Develop and implement my trading plans with discipline and risk control.
ii) Master and apply my knowledge on the history of financial markets in my trading and investment
iii) Master and apply the teachings of Napoleon Hill and Sun Tzu Art of War in my life.

2. I am leading my life of Contribution to my family, my students and my school.

3. I am leading my life of Abundance and Love with my family.

4 I am leading my life of Sound Physical Health.


2. Fill my Mind Trough repetitions of thought, words and physical action, Emotionalized with a Burning Desire for its realization and Back it up with the Faith that I have the right and power to what I want.

3. It is the realization of my right, my power and my dignity. It is something that consumes my lifetime.

My ideal lifestyle is a

1. Lifestyle of Abundance and Love with my Family

By 2020, we are living in 35 Bedok Place, opposite my sister with my Silver Toyota Camry G and at least US$1 million in my bank account with Standard Chartered Bank.

In return for my Lifestyle of Abundance and Love with my Family, I will love and cherish them, give them my very best in terms of Time and Money forever.

2. Life of Success as a Trader, Teacher and Writer

By 2012, I am the President and Chief Executive of the Yeou Family Investment Corporation and the Chief Fund Manager of the Yeou Family Financial Freedom Fund. I implement my trading plans with discipline and risk control. I am consistently earning a monthly income of at least US$10000 from my trading.

By 2012, I am the Part-Time tutor for NYP, NTU and NUS, teaching Economics and Statistics. I am teaching courses and writing books on Napoleon Hill's Think and Grow Rich. I am consistently earning a monthly income of at least US$10000 from my teaching and writing.

In return for my Success as a Trader, Teacher and Writer, I will

i) Develop and Implement my Trading Plans for Day Trading with discipline and risk control.
ii) Develop and Implement my Trading Plans for Long Term Investing with discipline and risk control.
iii) Master and Apply my Knowledge in the History of Financial Markets in my trading and investing.
iv)Master and Apply the Teachings of Napoleon Hill in my Psychology.
v)Master and Apply the Teachings of Sun Tzu's Art of War in my Philosophy.

3. Lifestyle of Contribution

By June 2010, I am contributing 10% of my trading profits to charities.
By 2012, I am contributing contributing to the lives of my students with my teaching and writing.
By 2020, I am contributing to my school as the Board of Director of Hwa Chong Institution.

In return for my Lifestyle of Contribution, I will

i)Develop and Implement my trading plans for Day Trading with Discipline and Risk Control.
ii)Develop and Implement my trading plans for Long Term Investing with Discipline and Risk Control.
iii)Master and Apply my Knowledge on the History of Financial Markets in my Trading and Investing.
iv)Master and Apply the Teachings of Napolon Hill in my Psychology.
v) Master and Apply the Teachings of Sun Tzu's Art of War on my Philosophy.

4. Lifestyle of Sound Physical Health

By June 2010, I weigh 65kg, Hba1C of 6 until at least 65 years old.

In return for my Lifestyle of Sound Physical Health, I will

i) eat only fish soup, soup with rice, YTF and vegetarian food.
ii)exercise at least 3 times per week.
iii) sleep at 12 midnight and wake up at 7 am every day.

Napoleon Hill

Napoleon Hill's Teachings

Step 1-Definite Major Purpose

Have a definite Major Purpose

Definiteness of Purpose-1- Disk 1
Concentration-10-Disk 6

Step 2- Faith and Belief

Have the habit of affirming my major purpose at least once daily and see myself already in posession of the things I desire.

Applied Faith-3-Disk 2
Creative Vision-14- Disk 8

Step 3-Plan

Determine what I must give in return for the things I want and keep my mind open to guidance from within.

Mastermind-2-Disk 2
Accurate Thinking-11-Disk 6

Step 4-Action

Accept the Plan and Act upon it at once

Go the extra mile-4-Disk 3
Cooperation-13-Disk 8
Personal Initiative-6-Disk 4
Enthusiam-9-Disk 6
Sound Physical Health-15-Disk 8
Budegeting Time and Money-16-Disk 9

Step 5-Persistence

Know that Man's faith is tested many times and this is just one of the testing times.

Positive Mental Attitude-7-Disk 5
Complete Self Discipline-8-Disk 8
Learning from Adversity and Defeat-12-Disk 7
Cosmic Habit Force-17-Disk 9

Napoleon Hill

Cosmic Habit Force

Step 5

I have complete control of my habits of thought and physical action

Sound Physical Health

1. I am health conscious. I have the hope of achieing my major purpose. Hope inspires sound health and sound health inspires hope.

2. My work is my labour of love, my service to mankind and my help to other people.

3. I eat in moderation. I eat slowly and not too much. I bless my food as it goes into my stomach.

4. I have a balance of work and play and love and worship.


My life of Abundance

1. I am prosperity conscious. I condition my mind on the things I want and see yself already in possession of the things I want. I support it with the faith and belief that I am going to get the things I want. I keep on wanting them even when the going is hard.

2. I am leading my ideal lifestyle of abundance with my family (my wife Hwei Ling and our 3 kids and my mother). We live in 35 Bedok Place opposite my sister, with my silver Toyota Camry and at least US$1 million in my bank account with Standard Chartered Bank.

3. I am the President and Chief Executive of the Yeou Family Investment Corporation and the fund manager of the Yeou Family Financial Freedom Fund.

4. I am leading my lifestyle of Contribution to charities with my trading profits, Contribution to the lives of people with my teaching and writing and Contribution to my school as the Board of Director of Hwa Chong Institution.

5. I am developing and imroving on my knowledge in Trading and Investment, my psychology (Sound Beliefs and Habits) and my philosophy (Sound Way of Living my Life).

My Happy Family and Friends

1. I am love conscious. I will forever love my wife and children, my family and friends, give them my very best forever.

Napoleon Hill

Budgeting Time and Money

Step 4

Budgeting Money

1)Necessity Account

Mum-$500
Food-$300
Transport-$1000 ($620 loan+ $250 Petrol+ $50 Cashcard and Parking+ $80Insurance)
HP and Insurance-$120 ($50 HP+70 Insurance)
Housing - $60

=$1980 ($2000)


2) Education Account-$300
3)Play Account-$300
4)Gift Account-$300

=$900

5)Financial Freedom Account -

=$500


Budgeting Time

Time Should be Devoted on only 3 Areas

1) My Labour of Love =

i)Trading
ii) Teaching and Writing
iii) My School

2) My Relationships=

i) My wife and kids
ii) My Family
iii) My Friends

3) My Health=

i)My Food, Exercise and Sleep
ii) My Learning
iii) My Buddhism

Napoleon Hill

Sound Physical Health

Step 4

1. Be Health conscious. Have the hope of achieving my definite major purpose as Hope inspires sound health and sound health inspires hope.

2. Work should be a labour of love, a service to mankind and a help to other people.

3. Eat in moderation. Eat slowly and not too much. Bless the food as it enters the body.

4. Sleep well and a balance of work and play, love and worship.

Napoleon Hill

Creative Vision

Step 2

1. Tune in to infinite intelligence by the following steps.

i) Condition my mind to the definite picture of the things I want.
ii) Support it with the faith and the belief that I am going to get the things I want.
iii)Keep on wanting them even when the going is hard.

Napoleon Hill

Cooperation

Step 4

1. I have to seek cooperation with myself and other people in the area of

Work
-Trading
-Teaching and Writing
-Board of Director

Relationship
-My wife Hwei Ling
-My Family
-My Friends

Health
-Food
-Exercise
-Sleep

2. Man is motivated by
i) Economic and Financial Benefits ($, bonuses, promotion, Attainment of my major purpose)
ii) Recognition
iii)Self-Development
iv) Contribution

3. I am motivated by
i) My lifestyle of Abundance with my family (my wife Hwei Ling and our 3 kids and my mother). We live in 35 Bedok Place, opposite my sister My silver Toyota Camry and at least US$1 million in my bank account with Standard Chartered Bank.

ii)I am the President and Chief Executive of the Yeou Family Investment Corporation and the Fund Manager of the Yeou Family Financial Freedom Fund.

iii) My Lifestyle of Contribution to charities with my trading profits, Contribution to the lives of people with my teaching and writing and Contribution to my school as the Board of Director of Hwa Chong Institution.

iv) My development in the knowledge of Trading and Investment, Sound Psychology (Sound beliefs and habits) and Sound Philosophy (Sound Way of Living my Life)

Napoleon Hill

Accurate Thinking

Step 3

Separate the facts from the fictions

1. Guard against internal-my emotions (love, anger, hatred, jeolousy, fear, greed, egotism and procrastination and prevent myself from assuming facts to harmonize my desires.

2. Guard against external-
a)Ask how do you know.
b) Ask what is the motive.
c)Ask 3 other people and do not tell them what is expected and ask discreetly. They must be recognized authority, no ulteria motive, have the habit of telling the truth.Any Any biased statements should be rejected.
d)Ask my logic, six sense and hunches.

Separate the important from the unimportant facts.

3. Do my own thinking, judgement and final analysis and make my own decision subject to my conscious. Do not give any opinions unless they are facts or thought to be facts.

My Business Plan

My Business Plan

I am

The President of Yeou Family Investment Corp and
The Fund Manager of Yeou Family Financial Freedom Fund


My Vision Statement

My Ideal Lifestyle is a Lifestyle of Abundance with my family (my mother, my wife Hwei Ling and my 3 kids). We live in 35 Bedok Place opposite my sister with my silver Toyota Camry and at least US$1 million in my bank account.

It is a Lifestyle of Contribution, which I contribute to charities with my trading profit, which I contribute to the lives of people with my teachings and writings, which I contribute to my school as the Board of Director of Hwa Chong Institution (my former school The Chinese High School).

It is a Life of Success as a trader, which I implement my trading plans with discipline and risk control, which I exploit and profit from the large swings in market psychology which are irrational but repetitive, which I continuoously learn from the teachings of Napoleon Hill, Sun Tzu's Art of War and Businessman's Mindset.

It is Lifestyle of Sound Physical Health, which I only eat fish soup, soup with rice, Yong Tau Foo and vegetarian food, which I exercise at least 3 times per week and sleep at 12 midnight daily.

I believe that my Ideal Lifestyle can be achieved and afforded by my trading profits earned from my knowledge, my psychology (Sound Beliefs and Habits) and philosophy (Sound Way of Living my Life).


My Mission Statement

My mission as a trader is to reach and maintain my ideal Lifestyle of Abundance, my ideal Lifestyle of Contribution, my ideal Life of Success as a Trader and ideal Lifestyle of Sound Physical Health.


My Trading Philosophy

My trading capital is my mastermind alliance that will help me supplement my income in the short run and earn most of my income in the long run. If I let my trading capital gets sick or die, my dreams will also die with it.

I must take care of the downside, the upside will take care of itself.


My Goals

My goal is to be an effective and effcient trader, making the most money in the least amount of time with the least amount of trades.

Trading Goals
My aim is to take 2 trades of 1 standard contact with a profit of 25 pips each per day.

Non-trading goals
I want to use my trading business to
1. Develop my knowledge in trading and investment for my teaching and writing.
2. Develop my psychology (Sound Beliefs and Habits)
3. Develop my philosophy (Sound Way of Living my Life)


My Trading Rules

1.Know my playing field. Keep within my boundaries.
2. Be disciplined and cautious. Don't take a trade unless I can explain to others
Why I got in?
What is my target?
Where is my stop?
3. Be flexible and adaptable. Don't be stubborn and try to be right. Be profitable instead. When things change, it is ok to change. When I change, refer to rule 2.
4. My stop is my escape route, my guardian and my friend in combat. I must trade with my stop.
5. My stop will depend on a few factors. It can change when my risk tolerance changes. What can never change is the direction it moves. When I gain ground, my stop advance with me. When I lose ground, my stop stay put.
6. Know when to stay in. When I reach my target, tighten my stop and follow the flow.
7.Know when to stay out. Don't chase a trade because it can turn against me. When I missed it, i missed it. There will ALWAYS be another opportunity.
8.Know the difference of an impulsive and the corrective move. It will help me recognize where the trend is.
9. Follow the trend. Never trade against the trend.
10. Never leave a position overnight.

Napoleon Hill

Concentration

Step 1

1. Concentration is the twin brother of Definiteness of Purpose. Just like what Clement Stone, Henry Ford and Thomas Edison possesses.

2. Concentration must be according to the Law of Infinite Intelligence, Law of Nature and Law of Rightness.

Napoleon Hill

Complete Self-Discipline

Step 2

1. Take posession and complete control of my mind. Focusing on the things I want and ignoring the things I do not want. This is done by the formation of definite habits of thought and physical action. Have the habit of affirming my major purpose at least once daily and see myself already in possession of the things I desire.

Step 5

2. If fear, doubt, self limitations and temporary defeat strike, see it as a success and immediately look for the seed of an equivalent benefit. Every adversity carries with it the seed of an equivalent benefit and temporary defeat is not failure.

3. The reward for self displine is guidance and direct contact from infinite intelligence and avoid becoming the victim of the stray winds of circumstances.

4.Always think first and act afterwards. I must be smarter than my enemy. Select my own battleground and select my own weapons. Because whatever I do to or for the other person, I do it to or for myself. Build my 3 walls of protection so that nobody wil know all about me or what goes on in my mind.

Napoleon Hill

Positive Mental Attitude

Step 5

1. Be forever vigilant against negative mental attitudes from young, from outside influence, from fear doubt and self-limitations.

2. Whenever fear doubt or self-limitations strike, think of it as if it is a success and look for the seed of an equivalent benefit. Every adversity carries with it a seed of an equivalent benefit and temporary defeat is NOT failure.

3. Have the habit of affirming one's major purpose and see myself already in possession of the things I want.

Napoleon Hill

Going the Extra Mile

Step 4

1. Provide more service and better service all with a positive mental attitude.
2. Outdo all my previous efforts.
3. Follow the Law of Nature, follow the Law of Physics

Napoleon Hill

Applied Faith

Faith the state of mind through which one's aims, desires, plans and purpose is translated into its physical and financial eqivalence. Faith is relating the mind, harmonizing my life to the great eternal force of the universe.

5 steps

Step 1.
Have a defininte major pupose.

Step 2.
Have the habit of affirming my major purpose at least once daily and see myself already in possession of the things I want.

Step 3.
Determine what I have to give in return for the things I want and keep the mind opento guidance from within.

Step 4.
Accept the plan immediately and act upon it at once.

Step 5.
Know that man's faith is tested many times and this is just one of the many testing times.

Definite Major Purpose

Guide to Financial Prosperity

1.I am a successful trader, teacher and writer.

In return for the success, I will develop trading plans, implement them with discipline and risk control and continuously learn and improve.

I will study the history of financial markets to exploit and profit from the swings of market psychology which are irrational but repetitive.

I will study the teachings of Napoleon Hill, Sun Tzu's Art of War and Business Man Mindset.

Guide to Love and Romance

2. I am leading a fulfiling life of abundance with Hwei Ling and our 3 kids. We will live in our lovely house and in our lovely Toyota Camry with at least USD1 million in our bank account.

In return for the fulfiling life, i will love and cherish them , give them my very best forever.

Guide to Sound Physical Health

3.I am leading a healthy life with weight 65kg, HbA1C 6 till 65 years old.

In return for my good health, I will eat healthy with Fish soup, soup with rice, YTF and vegetarian food, exercise at least 3 times per week and sleep at 12midnight and wake up at 7am everyday.


Guide to Sharing my Life's Blessings (Peace of Mind)

4. I am contributing to the world with my trading profits, my teaching and my writing.I am contributing to my school by becoming the member of the Board of Director of Hwa Chong Institution (The Chinese High School)


Guide to Enjoying my Life's Riches (Hope and Faith)

5. In return for enjoying life's riches, imust have

Definiteness of Purpose
Applied Faith
Going the extra mile
Positive mental attitude
Complete self discipline
Open Mind