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)
Saturday, August 14, 2010
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.
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.
Wednesday, August 11, 2010
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.
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.
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.
Monday, June 21, 2010
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!
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!
Sunday, June 20, 2010
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.
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%
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%
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