Thursday, 2 April 2015

There are 3 Kinds of People in the World ( & in the Stock Market)

By Ronald Colunga

There are three kinds of people in this world that we live in. There is that unique group of people classified as “Wills.” Then, we have the “Wont’s.” Last but not least we have the “Cant’s”. We all at least know one person in each of these categories. Let’s determine which one are you, shall we?


First, let’s talk about the wills. This certain group of people are the ones with the positive energy. They always believe they “Will” do whatever they put their mind to. There is nothing that can stop them, nothing that they can’t handle. These are the people that help others, they use their positive energy to influence others to apply that “Will” lifestyle to their lives as well. Wills strive to achieve their goals, they strive to help other achieve theirs. Not only do they have the mindset to help them achieve greatness, but they have the mindset to help others achieve greatness, which makes them wonderful people. Always giving off a good vibe and good energy, making you want to be around them. Ask the wills for advice, they will (no pun intended) guide you in the right path. “The wills accomplish everything.”


The wont’s are also known as the “Opposers” or the “Haters” this day and age if you like to be retro, so to speak. The wont’s are of course, the ones that say won’t to every single question. I guess you can also say the wont’s are somewhat of the jealous types, they don’t want anyone to do better than them. They shut everyone down with the won’t speech and discourage an individual. With their won’t mentality they also hurt themselves, wont’s begin to answer their own questions with their same answer and speech and begin to discourage themselves. “The wont’s oppose everything.”


Here we go with the cant’s, this is a group of individuals that accomplish nothing. These are the people that tell everyone they can’t do anything. These are the ones that don’t get enough from their failures that they have to bring other people down with them. The negative energy with the cant’s is incredible. DO NOT let their negative energy bring you down. Instead use that energy to make you into a “Will” use their can’t mindset to give you inspiration and motivation on your path. “The cant’s fail in everything.


Three Types of People produce Three Types of Traders

If you are of the first kind, “the wills”, you will overcome all the obstacles on your way to consistent success. You will accept, even embrace, uncertainty as the driving force behind the next big opportunity for gain. You will lose gracefully and move on to the next trade, knowing that trading is a game of probabilities and possibilities; not certainties and absolutes. You will leave money on the table, thankful for what you were able to gain; not bitter by what was left. If you are of the first kind you will succeed. You will indeed. 

If you are of the second kind, “the won'ts”, you will look for the always elusive easy road to riches. You won't believe in the effort required to become a disciplined trader, driven by solid habits repeated daily. You won't apply the skill necessary for managing risk as that would require planning and preparation, something you just do not have time for. You won’t develop your own well defined trading edge, depending instead upon others to do it for you. If you are of the second kind your opposition to anything other than what is easy will make it quite difficult to succeed when times get tough, and they will but you won't.
If you are of the third kind, “the cant's”, you will blame everyone and everything for your failures. You can't succeed because you are too busy finding fault in any trading strategy that produces a loss. You can’t succeed because anyone who does so has some special knowledge or gift that you obviously cannot possess. You can't succeed because the market is rigged. If you are of the third kind…quit. You are a quitter with a quitter's attitude. Be in the majority. Be a can’t. It's easy.

So, what kind of person (trader) are you?

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