Thursday, October 22, 2009


Thomas Edison was asked how he was able to accomplish so much with his time. He said, "It's simple. You and I both have eighteen hours a day in which to do as we choose. You spend the eighteen hours doing a number of unrelated things. I spend it doing just one thing, and some of my work is bound to amount to something."

If you want to be successful in any field, there is one rule to observe: concentrate your efforts. Get one thing in your mind. Learn to ignore all the distractions and temptations along the way. Then, put all the power you have into forward motion.

If you've read Ralph Waldo Emerson, you'll know that he wrote two essays that apply to success, one titled "Power" and the other titled "Wealth". The main theme in each is concentration. Emerson said, "Stop all miscellaneous activities. Do away with distractions, other duties, property cares, chores, errands, diverting talents and flatteries-all are impossible." And he said elsewhere, "The one prudence in life is concentration. The one evil is dissipation."

Can you concentrate on one goal when you aren't quite sure what that goal is? Can you move forward firmly and decisively on one road without constantly looking elsewhere to see what's going on? People who know how to concentrate put all their effort into their projects, continually improving their ability to succeed.

Dissipation is the opposite. A person who dissipates is like an archer who tries to shoot several arrows at once: the arrows move with dissipated force and rarely ever hit the target (unless you're Robin Hood, maybe). People who dissipate jump from one thing to another, neither improving their abilities nor moving forward toward success.

How does this apply to trading? This can apply several ways. The most obvious is if you quit your job to trade, then find that trading might not be for you, so then you move onto something else and beyond. Perhaps your efforts in trading were not concentrated. How about continually trying to find the "holy grail"? We heard this term used so often, but surprisingly, many traders are still looking for it! Stop moving from one thing to another and concentrate your efforts in improving your core skills.

Let's take the case of two brain surgeons with equal prospects of success. One puts all his efforts into his work and all of his money into a relatively safe investment to ensure longer-term financial success. The other doctor tries to play the stock market and practice medicine on the side (or vice versa). Ultimately, the second doctor's practice suffers when the market goes up and his money when it's going down (provided that he's just another retail loser). How would you like to have brain surgery performed on you by a doctor who had just lost $100,000 in the stock market?

The point is, trying to diversify too widely will always detract from your success."Where you believe the treasure is, there will your heart be also." That is an immutable law. Can you then be a success if your heart is in three different places - or five or a dozen? No, of course not. I am having this struggle right now as I am juggling so many things at once such as my course work, fund, real estate, internet stuff like iBC and Stocktwits, and much more.

Whatever you choose to spend your time on, spend it well. Whatever your goals are, make sure they are unified. Only a person who specializes becomes truly successful these days. Word?


Carlos Júlio said...

Let me send you my 2 cents.
SPX 500 - Monthly - " Follow Trend "
I use some indicators that I created, but I like to follow the traditional indicators.
Important to follow market and follow trend.
Follow the trend is have the opportunity to make money more easily. And that's what all the trades want.
This chart is one of my preferred to see the long term.
With a week over a monthly closing, we have only 50% of bullish signal.
For a bull market I need to see:
1 - Close > Moving Average;
2 - RTS Indicator -> Black line > yellow zone.

SPX - Road Map " Bullish Scenario" - Weekly Update

**************** Advise ********************
Build short positions > 1080
Fisrt Target [1005,1020] 70%
Secound Target [975,980] 30%
Indicator didn`t follow price.
Testing this week again trend Medium vs Long Term.
Market Losing Momentum.
Possible bearish divergence but need confirmation.
Nice weekend for all

bullionsInvestor said...

Make Serious and fastest Money in Paying hyips
The Best Low Risk - High Return Investment I Made Several Millions Profit with Liberty reserve and perfectmoney money in paying hyips
Make millions liberty reserve and perfectmoney in paying hyips fastest Real Investment
Many people today feel like they don't have enough money in their lives. These days having only one stream of income isn't enough. People are always looking for more. Life is getting expensive. People want to be able to go out and do what they want, take vacations, have fun, and in general enjoy life. The problem is that they usually don't have enough money or time to enjoy these things. This is where E-Currency Investment comes in.
Becoming a HYIP Investment expert is not easy, but it can be very profitable, you can be able to gain monthly interest as high as you will never find in any other investment opportunity! See more information at HYIP Investments.
If you've been having a hard time keeping up with your bills, you feel like you want more money, or you feel you need to grab a hold of your life, then I recommend checking out E-Currency Investment.
First,You need to have one liberty reserve or perfectmoney account
If you don't have liberty reserve or perfectmoney account, please sign up a free account
Second, you need fund your liberty reserve or perfectmoney account. We recommend some good e-currency exchange sites for you
Last I got paid and made serious profit from following hyips

You can choose some sites make your first deposits and become rich fast
mail to me if you made a deposit use my referral link.We will return 25% of your spend instant.100% guaranteed money is an expert investment advisor and can help with investment services. Choose a Service: online investment, investment make money online, online investment advice, online stock investment, online investment service, trading investment online, online investment magazine, online investment broker, online investment services, online investment banking, online investment club, online investment company, business introduction, online investment opportunity, online investment calculator, online investment information, online investment bank