“Rather than targeting a desired rate of return, even an eminently reasonable one, investors should target risk.” - Seth Klarman
Monday, 21 October 2013
21-Oct-2013 CSE Trade Summary
Crossings - 21/10/2013 - Top 10 Contributors to Change ASPI
Following Stocks Reached New High / Low on 21/10/2013
Self-Belief - Inspiration Poem - 'The Man Who Thinks He Can'
In the constant battle for success in trading, there are many qualities needed to overcome the many hurdles put up by both the market and ourselves. People may possess these qualities in varying measures and differing degrees, however there is one quality which all people need to possess: 'Self belief'. - Without this, you are almost certainly beaten already, and when you lose this, the perils are many.
'Self-Belief' is a quality shared by winners across all fields, from sports, to business, to trading. There is a wonderful poem, written about 100 years ago, which nicely captures and summaries this point. - I advise many of my trading clients to print this poem off and keep it close to hand:
If you think you are beaten, you are
If you think you dare not, you don't,
If you like to win, but you think you can't
It is almost certain you won't.
If you think you'll lose, you're lost
For out of the world we find,
Success begins with a fellow's will
It's all in the state of mind.
If you think you are 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 battles don't always go
To the stronger or faster man,
But soon or late the man who wins
Is the man WHO THINKS HE CAN!
'Self-Belief' is a quality shared by winners across all fields, from sports, to business, to trading. There is a wonderful poem, written about 100 years ago, which nicely captures and summaries this point. - I advise many of my trading clients to print this poem off and keep it close to hand:
The Man Who Thinks He Can.
By Walter D.Wintle
If you think you dare not, you don't,
If you like to win, but you think you can't
It is almost certain you won't.
If you think you'll lose, you're lost
For out of the world we find,
Success begins with a fellow's will
It's all in the state of mind.
If you think you are 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 battles don't always go
To the stronger or faster man,
But soon or late the man who wins
Is the man WHO THINKS HE CAN!
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