Importance of Emotional Bank Accounts

Stephen Covey started the concept of "emotional bank account" in his book to describes the trust that's built up in a relationship.

Another type of emotional bank account is our own personal account.

Are we aware that we are depleted of our own account, when we try to fill others?
Very often, we try to give to others but we fail, because we are empty.

How we talk to ourselves? How we manage our mind? How we manage our emotions?  Fear, anxiety, stress, criticism, anger, self-blame?

You must achieve private victory (your relationship with yourself and your mind) before you can achieve public victory with others.

Don't waste your time

“Time is really the only capital that any human being has, and the only thing he can’t afford to lose.’” – Thomas Edison 

I've seriously started to reflect about time management lately. How I can improve the quality of work and life by more effectively using my time.

Multitasking is one thing I am doing. When I run in gym or doing household work, I start to listen to audiobooks and podcasts. It makes tasks more enjoyable.

With the time saved, I can balance out different aspects of life a little better.

Here is a handy iphone tool to track your time to get more conscious about of the time spent.

http://itunes.apple.com/us/app/atimelogger/id358979305?mt=8

Attitude toward trading and life

Back to some light writing as I can...


Helen Keller once said,

When one door of happiness closes, another opens; but often we look so long at the closed door that we do not see the one which has been opened for us.

Often we regret about the bad trade and decision we made. We loathe the mistakes.
We put our emotion and focus into blaming ourselves or any outside force.
But we ignore two important things: learn from past and stay focused on the present and the future.

Ironically, when we beat up ourselves about the past, we reinforce the bad cycles... unless we have a new solution and work consciously toward the new ways to deal with the problem.


So is our life.

How to get out of a trading slump?

From time to time, it will feel like nothing is working.

How to get out of the trading slump?

To be written...

Play good defense or good offense?

In trading, just like sports, one question keep coming to us is, shall we play good defense or good offense?

No easy answer.  To be written....

How to stay flexible and unbiased?

I have been always facing the challenge to deal with bias due to existing positions or previous trades.

Recently I had homerun on short swing, so in recent week I tend to hold short longer, turning profit into loss because I was right on 5min timeframe but wrong on 30min timeframe.

Bias due to recent trades or existing positions are very common, at least to me. The moment I become all cash, my mind immediately turn to much sharper mode and can read the market flow much more clear. And I can start to hit orders with better execution.

A lot to learn as always...

Risk tied to individual stocks

UA had a takeover rumor by Nike, which is denied this morning. But looking back, this is substantial risk to hold individual shorts (or longs) overnight.