WEL COME TO AARTH INFOTEC: November 2013

Friday, November 29, 2013

10 Negative Thoughts We All Have And What We Should Think Instead

I probably used to be one of the most negative people in the world. I felt like life was a continuous struggle and I had been dealt one of the worst hands, but what could I do? This is just life. Or so I thought.

I’ll never forget the first time I heard that the way I was talking to myself, directly influenced every aspect of my life. We can be our own worst enemy at times and our internal conversation can be extremely limiting. Like most people, I was blind to this somewhat obvious piece of information.

To say I felt like I had just won the lottery once I really understood this, was an understatement. Why? because suddenly I learned that the negative thoughts I had, weren’t facts at all, but instead self imposed limitations that I was putting on myself which I also had the power to remove. Over the last decade, it has become very clear to me that most of us actually have very similar negative thoughts. Here are some of the most common negative thoughts we all have and what we should think instead.

1. I am not good enough

Have you ever thought that you weren’t good enough? When we feel that we aren’t good enough, we tend to drown in this emotion of self-doubt and pity. It really relates to a low self esteem, but the truth is, every one is good enough. You might not have the skills or tools to achieve what you want now, but you are certainly good enough and worthy of what you want.If you have a $10 note, and it falls on the floor into a puddle of mud, does that $10 lose value? Of course not! So why do you feel that you lose value based on what you have done in life. Don’t limit yourself, because everyone is good enough.

New Positive Thought - I am worthy of all I desire in this life, just like everyone else.

2. I can’t do it

‘Can’t’ is one of the most limiting words that you can tell yourself. Henry Ford said. ‘Whether you think you can or you can’t, you are right.’ So if you tell yourself that you can’t, you are sending messages to your mind and brain that you can’t, and so that will be your experience. Your mind won’t try if you have already told it that it can’t.

New Positive Thought - ‘I can do whatever I put my mind to’

3. I’m not as lucky as other people

This thought normally comes from holding an illusion that other people’s lives are better and they are luckier and that is what separates you from them. ‘Perfect’ doesn’t exist, normally there is a lot of effort that goes behind that perceived ‘luck’. It is very dis-empowering to think that you will never have luck and it is simply not true.

New Positive Thought - Good things can happen to me too

4. I don’t think I’ll ever

Whatever you believe will become your reality, this is true.You shape your future every day by the choices you make and your habits. You can sabotage your opportunities by limiting your thoughts. What would it be like if you believe that you could do what you really desire and have the experiences you wish instead? It is not about getting it right the first time, but trying. Don’t stop yourself before you have even given yourself a chance.

New Positive Thought - I am confident I will ….

5. I should be better than I am

Using the word ‘should’ in this context is really negative and makes one feel less than they are. How often do you find yourself saying ‘I should be move clever, more disciplined, more productive, etc than I am. Remember how you feel immediately afterwards? Not good I am sure. Rather set yourself goals for the things you are not happy with instead of telling yourself what you ‘should’ be like or be doing. Take action the things you wish to change and remove limiting modals from your vocabulary.

New Positive Thought - I am making an effort to change what I don’t like

6. I am not strong enough

It’s normal to feel that you are not strong enough at times. We are all human and I don’t know anyone on earth who doesn’t feel weak at times. What is important though, is the conversation you have with yourself afterwards. If you keep reinforcing the fact that you don’t feel strong, how can you expect to feel? Instead, tell yourself that you are strong enough and support yourself to find the strength you need in that moment.
New Positive Thought - I am strong enough to deal with this

7. Nobody cares

It might feel that you are alone at times and that nobody cares, but I am convinced that there are people thinking about you that you don’t even know of. People do care, not everyone expresses their emotions in the same way. It isn’t nice feeling that nobody cares, so stop focusing on that and assuming what other people feel when you don’t actually know. Change your focus to something that makes you feel better instead.

New Positive Thought - People do care about me

8. I am not clever enough

This is a very general statement yet many people tend to say it often and then feel bad about themselves afterwards. What are you not clever at specifically? I bet, if I asked you to identify some areas that you are clever in, you could, if you really tried. Not everybody is clever and perfect in every area and this is what makes us all individual. If you feel that you are lacking in a certain area of knowledge, make time to study and learn whatever it is that you want so that you don’t feel this way any more.

New Positive Thought - I am clever and I am studying xx to master this area as well

9. If I don’t do well, I am a failure

Holding high expectations for yourself and having conditions attached to your self worth on your performance isn’t fair. If you don’t try you will never know, you need to take chances in life if you want to get different results. Don’t be scared of failing, the real failure lies in never having tried.

New Positive Thought - I am going to try, I am not scared of failing, that is not what is important

10. Worst case scenario

Thinking negatively in general is thinking that whatever happens, it is most likely going to be the worst case scenario. What would it be like if you imagined the best case scenario instead? Our thoughts are very powerful and it’s common to use visualization as a technique to imagine the best case scenario. Whether you imagine the worst or the best case scenario, you are influencing your results. Stop focusing on what you don’t want to happen and rather on what you want to happen.

New Positive Thought - The best will happen…

We all have negative thoughts from time to time, after all, we are human. When the majority of your thoughts are negative however, you are undermining your happiness at the end of the day. Our thoughts directly affect how we feel and therefore, what we do in life. Don’t limit yourself or what is possible for you, master your thoughts and change your results. Whatever you think, you are right!

YOUR EMOTIONS AND TRADING

Your Emotions and Trading ...By: Terry Ashman

Musashi, a legendary seventeenth century Japanese Samurai, formulated rules for warfare which are still used by Japanese business people today.
One rule is ...
Plan logically, but attack with emotion.

While this rule is suitable for a physical battle, if you use it while trading, you are at a supreme disadvantage. To apply it to trading, the rule should read ...

Plan logically, and attack (trade) WITHOUT emotion.

A number of psychologists have noted that normal human behavioral patterns are unsuited to trading the markets. Normal human responses to winning and losing will cause people to do exactly the wrong thing at the wrong time in the markets.

To illustrate ...

1. Take the situation where you have a long position and it immediately goes into profit. The normal human response is to want to take the profit quickly. This gives immediate gratification and removes any fear you may have had of losing the profit while the trade was on. This results in the situation called "cutting your profits short."

2. The opposite situation is when you put on a trade (again let's say it's a long position), and it goes against you. The normal human response is to hang on to the losing trade and hope it comes back and gives you a profit. But it keeps going down, so now you want it to come back so you can at least break even.

But it still goes down, so now you hope it will come back and give you a small loss. Down it goes further and you now have a big loss but you don't want to take the loss because it is emotionally painful to take losses. So you keep delaying the pain and losing more money.

If you are trading non-leveraged stocks, (that is, you have bought the shares outright and have paid for them in full), by now you may rationalize the loss by calling it a "long term investment" and just hang on to the shares. After all, if you sold now you'd lose heaps.
If you were trading in leveraged commodities you could be in real financial trouble at this point. This situation is called "letting your losses run."

You'll notice that cutting your profits short and letting your losses run is the exact opposite of what you are supposed to do, which is cutting your losses short and letting your profits run.

3. Now let's go back to the first situation where you've taken your profit quickly and you have your immediate gratification and removal of anxiety. You have a nice little profit but now the market is still going up. If you'd hung on you could have made even more! You get out your calculator, work out how much money you should have made by now, and think about what you could have done with that money. So you ring your broker and buy in again, noting with satisfaction that the front page news headline now reads ...

"Bulls Roar in Market Surge"

The market messes around for the next week or so and then starts to drift a bit lower, but you hang on because the broker says it's just a temporary reaction and anyhow, the media is still full of reasonably bullish news.

You hang on for a few more days but the market just keeps going down. Now the media has turned bearish.

What went wrong?A number of things. Let's list them ...

1. Greed. You looked at all the money you thought you should have made and jumped back in - just as the market was topping.

2. You "spent" the money you thought you should have made. You must never do this.

3. You listened to the media. You used the media to back up your decision to get back in, not realizing that the media is not a predictor, it's a follower. It just reports what has happened, usually when it's all over. Never trade on the news. Once the bull market hits the front page news and you decide to buy in on the strength of this news, you are trading with the mob - not the smart money.

4. You listened to the broker. If you've got a properly researched and tested trading method that you know intimately and have confidence in, you don't need or want the broker's advice on specifically when to buy and sell. Remember - the buck stops with you.

5. You exited your original position based on emotion, not logic.

Let's see what Gann says about this aspect of trading ... On page 16 of "How to Make Profits in Commodities", Gann says ...

"WHAT TRADERS DON'T WANT TO KNOW.

With all due respect to my readers, many traders when they are in the market don't want to know the facts and don't want to know the truth. They hope the market will go their way. They want it to go their way and want to be told that it will. When you are in the market you should be unbiased and try to determine whether you are in right or wrong. When you find you are in wrong, admit it quickly and get out. Our old rule is, when in doubt, get out. When you have nothing to hold on for but hope, sell out at the market quickly. Don't look for the man who will advise you that your position is right and that the market will soon start going your way. Look for the man that will tell you the truth and prove it to you. Better still, learn how to prove it to yourself whether you are right or wrong. Face the facts. Change your position. Change your mind. Change with the trend and you will make profits."

On page 17 of "How to Make Profits in Commodities", Gann says . "HOPE AND FEAR: ........
The average man or woman buys commodities because they hope they will go up or because somebody advises them they will go up. This is the most dangerous thing to do. Never trade on hope. Hope wrecks more people than anything else. Study the market and determine the trend. Face the facts, and when you trade, trade on facts, eliminate hope."

"Fear causes many losses. People sell out because they fear commodities are going lower, but they often wait until the decline has run its course and they sell near the bottom. Often when they have been out of the market for some time, they get in because they fear it is going higher. Never make a trade on fear. The Bible says, "Ye shall know the truth and the truth shall make you free." Know the facts and know the truth. When you do this, you will have no hope and no fear and you will trade on well defined rules and go with the trend and will make profits."

That last sentence is very important. "When you do this, you will have no hope and no fear (trade without emotion) and you will trade on well defined rules and go with the trend and will make profits."

Other quotes from Gann on this subject ...

"You will never succeed buying or selling when you hope the market is going up or down. You will never succeed by making a trade because you fear the market is going up or down. Hope will ruin you because it is nothing more than wishful thinking and provides no basis for action. Fear will often save you if you act quickly when you see that you are wrong. "The fear of the market is the beginning of wisdom". Knowledge that you can only obtain by deep study will help you to make a success. The more you study past records the surer you are to be able to detect the trend in the future."

"Remember, never buck the trend : after you detect the trend, go with it regardless of what you think, hope or fear and you will make a success."

"People often write me and say "You were bearish on a certain stock on such and such a date; now .........you are bullish on it. My answer is

"A wise man changes his mind, a fool never." ............ "Go into the market to make money and be ready to change sides when the occasion demands it."

10 Online Apps for Better Focus

http://www.mudraa.com/trading/188528/0/10-online-apps-for-better-focus-hemant-.html

Thursday, November 28, 2013

10 Benefits of Being Yourself That Could Change Your Life

“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness that most frightens us. We ask ourselves, Who am I to be brilliant, gorgeous, talented, fabulous? Actually, who are you not to be? You are a child of God. Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people won’t feel insecure around you. We are all meant to shine, as children do. We were born to make manifest the glory of God that is within us. It’s not just in some of us; it’s in everyone. And as we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.” Marianne Williamson, “A Return to Love”

The first thing that comes to mind after reading that quote is, “Enough said!” But let’s dig in and pull out at least 10 benefits of you being your awesome self that can rock your world with very little effort on your part. After all, you’ve been you since you were born, you know.

1. Wherever you go, there you are.

Let’s face it: you can’t even go to the bathroom without you tagging along, so making peace with your authentic self can make every experience on this path of life much more interesting and entertaining. When you’re at peace with yourself, you’re more open to being present, which means you’ll notice and enjoy the intricacies of the “small stuff.”

2. When you like you, others will like you too.

People can always tell when others are being fake. Not necessarily fake in the negative sense, but fake in general. Maybe you’re unhappy, overly happy, always the victim, or maybe just not living up to your true potential. When you’re in tune with you, you automatically–yet non-verbally–give those around you permission to get to know and like the real you as well.

3. Being you will give you confidence.

Now that you’re trying on your own shoes instead of walking in someone else’s that are too small, you won’t have to focus on the pain of pretending. You can walk taller, throw your shoulders back and hold your head high. Regardless of your gender, you know wearing stylin’ shoes that fit makes you feel better about yourself and puts a spring in your step. Let that confidence carry you through the whole day–and the whole day after that.

4. Confidence attracts confidence.

Like the quote says, your playing small does you or anyone around you absolutely no good. Your being yourself for the sake of being yourself will attract more authentic people into your life and create a network of supportive, uplifting and even fun folks you can genuinely call friends.

5. Having true friends helps you silence the voice of manipulation.

When you’re comfortable with you and have people around you who also love you for you, the void of feeling alone is filled and the need to “play” people for the sake of not being alone disappears. You free up space for your relationships to grow and become even healthier than they already are.

6. Being authenticly you allows you to breathe easier.

Hiding and pretending can be emotionally, mentally, physically and spiritually exhausting. The more you allow your essence to mature, the less stress will be in your life and the more relaxed you’ll be in every area of your life.

7. Less stress makes you more productive.

You know it’s true. When you’re not stressed out and can focus on what’s going on in front of you rather than trying to live as who you aren’t, your productivity in your work, your play and your life in general will skyrocket.

8. Those who no longer fit in your life will be free to move on.

Like attracts like, and when you’re able to be comfortable in your own skin, those who aren’t comfortable in theirs may get left behind. And that’s just fine because you’ll have your network of new friends who keep you playing in the big leagues.

9. Being true to yourself will help you remember how to dream.

Surviving each day being untrue to yourself just to survive the next steals your creativity and passion. Allowing yourself to dream again will open doors you deadbolted years ago and lead you to your purpose. Imagine actually living each day inspired and doing what brings you joy. Believe it or not, it’s entirely possible!

10. Everyone else is already taken.

You have been wonderfully made, and no matter what’s happened in your life up to this point you have a purpose that no one who’s ever lived or will live can possibly fulfill. You were born to shine. Hiding your brilliant light from yourself and the rest of the world is an injustice to those of us who need what you have to offer. If you’re still struggling with being yourself for yourself, will you at least consider doing it for me? If not for me, find someone close to you who you know 100% needs you and your whole self and do it for them. We–those of us in this world–need your light!!

“Today you are you! That is truer than true! There is no one alive who is you-er than you!” ~Dr. Seuss

Wednesday, November 27, 2013

TEACHER & GURU

Teacher & Guru

A teacher takes responsibility of your growth

A Guru makes you responsible for your growth.

A teacher gives you things you do not have and require

A Guru takes away things you have and do not require.

A teacher answers your questions

A Guru questions your answer

A teacher helps you get out of the maze

A Guru destroys your maze

A teacher requires obedience and discipline from the pupil

A Guru requires trust and humility from the pupil

A teacher clothes you and prepares you for the outer journey

A Guru strips you naked and prepares you for the inner journey

A teacher is a guide on the path

A Guru is the pointer to the way

A teacher sends you on the road to success

A Guru sends you on the road to freedom

When the course is over you are thankful to the teacher

When the discourse is over you are grateful to the Guru

A teacher explains the world and its nature to you

A Guru explains yourself and your nature to you

A teacher makes you understand how to move about in the world

A Guru shows you where you stand in relation to the world

A teacher gives you knowledge and boosts your ego

A Guru takes away your knowledge and punctures your ego

A teacher instructs you

A Guru constructs you

A teacher sharpens your mind

A Guru opens your mind

A teacher shows you the way to prosperity

A Guru shows the way to serenity

A teacher reaches your mind

A Guru touches your soul

A teacher gives you knowledge

A Guru makes you wise

A teacher gives you maturity

A Guru returns you to innocence

A teacher instructs you on how to solve problems

A Guru shows you how to resolve issues

A teacher is a systematic thinker

A Guru is a lateral thinker

A teacher will punish you with a stick

A guru will punish you with compassion

A teacher is a pupil what a father is to son

A Guru is to pupil what mother is to her child

One can always find a teacher

But Guru has to find and accept you

A teacher leads you by the hand

A Guru leads you by example

When a teacher finishes with you, you graduate

When a Guru finishes with you, you celebrate

10 Steps To Building A Winning Trading Plan

There is an old saying in business: "Fail to plan and you plan to fail." It may sound glib, but those who are serious about being successful, including traders, should follow these eight words as if they were written in stone. Ask any trader who makes money on a consistent basis and they will tell you, "You have two choices: you can either methodically follow a written plan, or fail."

If you have a written trading or investment plan, congratulations! You are in the minority. While it is still no absolute guarantee of success, you have eliminated one major roadblock. If your plan uses flawed techniques or lacks preparation, your success won't come immediately, but at least you are in a position to chart and modify your course. By documenting the process, you learn what works and how to avoid repeating costly mistakes.

Whether or not you have a plan now, here are some ideas to help with the process.

Disaster Avoidance 101Trading is a business, so you have to treat it as such if you want to succeed. Reading some books, buying a charting program, opening a brokerage account and starting to trade are not a business plan - it is a recipe for disaster. "If you don't follow a written trading plan, you court disaster every time you enter the market," says John Novak, an experienced trader and developer of the T-3 Fibs Protrader Program.

Once a trader knows where the market has the potential to pause or reverse, they must then determine which one it will be and act accordingly. A plan should be written in stone while you are trading, but subject to re-evaluation once the market has closed. It changes with market conditions and adjusts as the trader's skill level improves. Each trader should write their own plan, taking into account personal trading styles and goals. Using someone else's plan does not reflect your trading characteristics.

Building the Perfect Master Plan

What are the components of a good trading plan? Here are 10 essentials that every plan should include:

Skill Assessment
Are you ready to trade? Have you tested your system by paper trading it and do you have confidence that it works? Can you follow your signals without hesitation? Trading in the markets is a battle of give and take. The real pros are prepared and they take their profits from the rest of the crowd who, lacking a plan, give their money away through costly mistakes.

Mental Preparation
How do you feel? Did you get a good night's sleep? Do you feel up to the challenge ahead? If you are not emotionally and psychologically ready to do battle in the markets, it is better to take the day off - otherwise, you risk losing your shirt. This is guaranteed to happen if you are angry, hungover, preoccupied or otherwise distracted from the task at hand. Many traders have a market mantra they repeat before the day begins to get them ready. Create one that puts you in the trading zone.

Set Risk Level
How much of your portfolio should you risk on any one trade? It can range anywhere from around 1% to as much as 5% of your portfolio on a given trading day. That means if you lose that amount at any point in the day, you get out and stay out. This will depend on your trading style and risk tolerance. Better to keep powder dry to fight another day if things aren't going your way.

Set Goals
Before you enter a trade, set realistic profit targets and risk/reward ratios. What is the minimum risk/reward you will accept? Many traders will not take a trade unless the potential profit is at least three times greater than the risk. For example, if your stop loss is a dollar loss per share, your goal should be a $3 profit. Set weekly, monthly and annual profit goals in dollars or as a percentage of your portfolio, and re-assess them regularly.

Do Your Homework
Before the market opens, what is going on around the world? Are overseas markets up or down? Areindex futures such as the S&P 500 or Nasdaq 100 exchange-traded funds up or down in pre-market? Index futures are a good way of gauging market mood before the market opens. What economic or earnings data is due out and when? Post a list on the wall in front of you and decide whether you want to trade ahead of an important economic report. For most traders, it is better to wait until the report is released than take unnecessary risk. Pros trade based on probabilities. They don't gamble.

Trade Preparation
Before the trading day, reboot your computer(s) to clear the resident memory (RAM). Whatever trading system and program you use, label major and minor support and resistance levels, set alerts for entry and exit signals and make sure all signals can be easily seen or detected with a clear visual or auditory signal. Your trading area should not offer distractions. Remember, this is a business, and distractions can be costly.

Set Exit Rules
Most traders make the mistake of concentrating 90% or more of their efforts in looking for buy signals, but pay very little attention to when and where to exit. Many traders cannot sell if they are down because they don't want to take a loss. Get over it or you will not make it as a trader. If your stop gets hit, it means you were wrong. Don't take it personally. Professional traders lose more trades than they win, but by managing money and limiting losses, they still end up making profits.

Before you enter a trade, you should know where your exits are. There are at least two for every trade. First, what is your stop loss if the trade goes against you? It must be written down. Mental stops don't count. Second, each trade should have a profit target. Once you get there, sell a portion of your position and you can move your stop loss on the rest of your position to break even if you wish. As discussed above, never risk more than a set percentage of your portfolio on any trade.

Set Entry Rules
This comes after the tips for exit rules for a reason: exits are far more important than entries. A typical entry rule could be worded like this: "If signal A fires and there is a minimum target at least three times as great as my stop loss and we are at support, then buy X contracts or shares here." Your system should be complicated enough to be effective, but simple enough to facilitate snap decisions. If you have 20 conditions that must be met and many are subjective, you will find it difficult if not impossible to actually make trades. Computers often make better traders than people, which may explain why nearly 50% of all trades that now occur on the New York Stock Exchange are computer-program generated. Computers don't have to think or feel good to make a trade. If conditions are met, they enter. When the trade goes the wrong way or hits a profit target, they exit. They don't get angry at the market or feel invincible after making a few good trades. Each decision is based on probabilities.

Keep Excellent Records
All good traders are also good record keepers. If they win a trade, they want to know exactly why and how. More importantly, they want to know the same when they lose, so they don't repeat unnecessary mistakes. Write down details such as targets, the entry and exit of each trade, the time, support and resistance levels, daily opening range, market open and close for the day and record comments about why you made the trade and lessons learned. Also, you should save your trading records so that you can go back and analyze the profit or loss for a particular system, draw-downs (which are amounts lost per trade using a trading system), average time per trade (which is necessary to calculate trade efficiency) and other important factors, and also compare them to a buy-and-hold strategy. Remember, this is a business and you are the accountant.

Perform a Post-Mortem
After each trading day, adding up the profit or loss is secondary to knowing the why and how. Write down your conclusions in your trading journal so that you can reference them again later.

The Bottom LineSuccessful paper trading does not guarantee that you will have success when you begin trading real money and emotions come into play. But successful paper trading does give the trader confidence that the system they are going to use actually works. Deciding on a system is less important than gaining enough skill so that you are able to make trades without second guessing or doubting the decision.

There is no way to guarantee that a trade will make money. The trader's chances are based on their skill and system of winning and losing. There is no such thing as winning without losing. Professional traders know before they enter a trade that the odds are in their favor or they wouldn't be there. By letting their profits ride and cutting losses short, a trader may lose some battles, but they will win the war. Most traders and investors do the opposite, which is why they never make money.

Traders who win consistently treat trading as a business. While it's not a guarantee that you will make money, having a plan is crucial if you want to become consistently successful and survive in the trading game.