©2012 Personal Development Sources. All Rights Reserved.

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Source: Robert Kiyosaki

What is holding you back from becoming the person you want to be and the investor you know you need to be?

The #1 thing that holds you back is most likely . . . YOU!

Once you’ve learned what you need to do, it is critical that you learn how to overcome the personal obstacles that you put in your own way.

There are 6 main obstacles that most people need to overcome:

1. Fear

2. Cynicism

3. Laziness

4. Bad habits

5. Arrogance

6. Disappointment

More than likely, at least one of these 6 things is what is keeping you from taking the next step in your success. If you’re like most people, you’re right now dealing with multiple of these items all at the same time. They cling to your mind so tightly that you will never really reach your goals (or even set goals) until you learn to lose them and break free of your cruddy six-pack of personal obstacles.

If you let your six-pack control your life, you’ll end up following the path of Robert’s poor dad, working harder and harder for money and having les time with your family. Conquer them, and you’ll find yourself following the path of Robert’s rich dad, full of confidence and having your money work hard for you. Make the decision today to lose your six pack and win!

©2012 Personal Development Sources. All Rights Reserved.

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By Michael Brook

Source:  StockCourse

Many traders believe that the more they control their emotions the more they can make better trading decisions and make more.  After making a lot of trades they will have experienced a range of emotions and they can come to the conclusion that the emotions are the problem. They may also have spent some time in different markets, some of which support their trading style and some of which don’t. This will sensitise the trader to the emotions of making money and losing money.

Recent advances from the world of cognitive neuroscience have proved that emotions are essential ingredients to good decisions making. Much of this work has been done by Antonio Demasio. Studies have been done on people who have because of some form of  brain injury are unable to experience emotions.  They are able to make conscious rational decisions but are unable to experience any emotions about those decisions or an emotion about the outcome of the decision.

The results of the study of these individuals reveal that they are unable to make even the simplest of decisions.  The lack of an emotions in the decision making process caused them to be paralysed in the face of data. One study of people who are unable to experience emotions called the 2 deck gambling game is of particular interest to us as traders.

The game involved 2 different decks of cards, one had higher risk and reward and one had lower risk and reward. Each hand involved the winning or losing of money according to the deck that was chosen.  Normal people who play the game naturally gravitate towards the lower risk and reward as the emotional feedback mechanisms that are present in them seek to regulate the intensity of the experience. Individuals who are unable to experience emotions do very poorly at this game because the feedback mechanism is no present.

Click the image above to access to your free Trading Starter Pack now

The implications of this research are immense.

Firstly, Intelligent decision making is impossible without emotion. The presence of the ability to experience emotions is fundamental to making good decisions regarding risk and reward for risk.

The greatest implication is that evolution has handed to us a very rich automatic system of rapidly solving problems intelligently that we can be presented with that we can’t solve biologically. Emotions are automatic and they are essential to quickly solving problems. By using emotions to provide guidance to the conscious mind this allows problem solving to be rapidly sped up thus aiding survival. The lack of emotions stops good decisions making in it’s tracks.

As traders we have to evaluate data rapidly and efficiently in order to profit from the patterns that present themselves in the market. It is the combination of our emotional responses to the information and our emotion process that enable us to make good trading decisions.

The truth about emotions and trading is that we should be relying on them more and not less.

Expert traders know how to use their emotions to their advantage and know what to reward themselves for emotionally. They reward themselves emotionally on the execution of their trading plan and over much longer time frames.

This is different to novice traders and how they use their emotions.

Expert traders use their emotions to:

Reward themselves on the execution of their trade

Reward themselves on their execution of their trading plan

Reward themselves on the execution of their trading plan over a large period of time

Note the difference between this and novice traders.

Novice traders use their emotions to:

Get excited or depressed depending on their profit or loss on an individual trade

Get excited about their trading over  a short term.

Avoid creating a trading plan or don’t have one.

This is covered in much more detail in the High performance trading course.

Check out the  StockCourse  and Trading State website for the next course.

If you are experiencing difficulties with emotions in your trading,  Trading State   can help with coaching.

Contact us to assist you with using your emotions in your trading in a more helpful way.

Happy Trading!

Source:  http://www.learntotradeshares.com/2011/11/intelligent-decision-making-and-emotions-%E2%80%93-essential-ingredients-to-a-profitable-trade/

©2012 Personal Development Sources. All Rights Reserved.

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You know…

You can never be too rich or too successful and in this  Social Media business…

You can never have too big of a presence on Social Media …

…even if you’re Justin Bieber!

The Facebook marketing video is coming down soon and you’ve gotta check the whole thing out if you have not had a chance to check it out yet.

Here is the link:

=>  http://gracejee.fbpower.hop.clickbank.net

Too bad for you if you miss how to make big money on Facebook.

You can lead a horse to water…  you know the rest.

Wake UP! Turn off the dang TV and turn on your life.

Get excited!

Your friend in Facebook success,
Grace Jee
Australasia Wealth Entrepreneur

©2012 Personal Development Sources. All Rights Reserved.

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If You Think You Are, Then You are

If you think you are beaten, you are.

If you think you dare not, you don’t.

If you’d like to win but you think you can’t,

It’s almost certain you won’t.

If you think you’ll lose, you’re lost,

For out in the world we find

Success begins with a fellow’s will -

It’s all in the state of mind.

If you think you’re outclassed, you are;

You’ve got to think high to rise;

You’ve got to be sure of yourself before

You can ever win a prize.

Life’s battle doesn’t always go

To stronger or faster men;

But sooner or later the man who wins,

Is the one who thinks he can.

~  Walter D. Wintle  ~

Proudly Brought To You By Grace Jee
Australasia Wealth Entrepreneur

©2012 Personal Development Sources. All Rights Reserved.

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