The Six Deadliest Mistakes Traders Make...
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Anxiety Clouds Judgement...
One Response to “Anxiety Clouds Judgement”
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Three Feet From Gold...
4 Responses to “Three Feet From Gold”
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robert says:
i couldn’t agree more with the subject of this post. after spending 25 years in a career that i loved and exceled in it was apparent that i was being put out to pasture due to changing times demographics etc.. several attempts at the real estate game and there were some victories and a few defeats. at this time along came j.z. and credit spreads. i knew this was in fact “the perfect business” but after getting the course and starting out strong old habits took over and i was back wasting time and failing to act on what i knew would serve me well. last summer i got re-invigorated and got back into trading and trying to soak up every bit i was able about credit spreads. i’m going to take this topic out even farther. after having modest consistent success i got careless and veered off and got destroyed by failing to unwind my RuT trades last month. as a result i lost 2/3rds of my trading account. after about a week of feeling sorry for myself and thinking about j.z.’s story of burning the ships i’m back at it again trading spreads. i refuse to give up and know that if i trade according to the plan the desired results will be achieved. i’m just sorry it took me this long in life to realize attitude is paramount. it’s not what happens to you in life that matters but how you respond to it. instead of looking at last month as a tragedy i’m counting it as a valuable lesson not to be repeated.
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Wondering if Three Feet From Gold is any reference to the story of RU Darby, who did just that stopped mining for gold and it happened to be three feet from where he stopped mining.
Napoleon Hill wrote about that story in his classic Think and Grow Rich. Darby’s story is on point of never giving up to be successful. I think I will need to check this book out as well.
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Paula Vasey says:
Hi there,
I have just read your email this morning
and it has put a spring into my step.
I’m going to find that gold.Thank you
paula.
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Rich Duggan says:
Kenneth & JZ: To whom much is given- much is expected. Pushing oneself – further past any safety zone – is always a risk. Yet , if you want to find the “gold” – it’s a risk you must take. Look up Teddy Roosevelts famous quote on folks who try vs. them that don’t.
Ken, I will tell you that an education is never a “waste” of time. Going to grad school or studying for the CFA is an excellent hedge in these ever-changing times. Also, as one gets older, a well rounded (mentally) individual is a more productive one – fiscally and in community.
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Are You an Iconoclast? Part 2...
One Response to “Are You an Iconoclast? Part 2”
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ray. says:
I have elected to train with you and follow you trading plan.
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Are You an Iconoclast?...
4 Responses to “Are You an Iconoclast?”
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Hey Jeff,
I’ve by no means accomplished the monumental task that Don has, but I’ll put myself out there to say that I’m at least SOMEWHAT “Iconoclastic” in that I’ve gone against the grain of what most people believe – which isn’t much – by simply taking risks for the sake of wanting a better life for my family.
I still remember my post office buddies (I was a distribution clerk for the USPS) laughing when I listened to marketing CDs while I worked, and how some would say, “you’re not going anywhere… you’ll retire from here like the rest of us”.
Long story short, I took some gambles, quit my job, almost lost our house because of it, but then found my groove in the Internet marketing world as a JV/affiliate manager.
Now, I’ve taken another leap of faith based on my belief that I can create a difference for thousands of online business owners in an area that you don’t see much going on (I’ll leave it at that so this comment doesn’t just look like a huge pitch).
Anyway, like I tell my teens, and eventually my younger boys, the first secret is believing that you can accomplish anything (believing in yourself), and the next one is that you have to just have the balls to GO FOR IT… while simultaneously surrounding yourself with encouraging people, and ignoring those who bring you down in any fashion.
So regardless of whether you’re building skyscrapers or simply pushing yourself beyond your comfort zone to create a better life for yourself or your family, you can live an amazing life by simply refusing to settle for less than what you’re truly capable of.
Take care,
Andy -
Jeffrey Ziegler says:
Hey Andy –
Thanks for the comment. I like what you said,
“So regardless of whether you’re building skyscrapers or simply pushing yourself beyond your comfort zone to create a better life for yourself or your family, you can live an amazing life by simply refusing to settle for less than what you’re truly capable of.”
Good Stuff!
JZ
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Rebecca Laughlin says:
Hi Jeff,
I’ve never heard the term “iconoclast” but I believe that the substance of it is in the heart of those who do the things that really make a difference. I hope that I fall into that category. I believe, as do you and Andy, that “small” things can bring about tremendous outcomes that change the world – “the hand that rocks the cradle” kind of thing. I’ve paid somewhat of a price for living and believing “outside of the box”, but the reward has been FAR greater than any small price. There are things that if I go back and do differently I would, but none of them were the actions I took based on my “out of the box” beliefs; they all would be the things that fell into the “people pleasing” moments. God has made some fantastic promises to us that are REALLY out of the box. If we’ll believe Him more than negative people around us, we’ll live a life that will not only fulfill our wildest dreams, but we’ll be able to help others fulfill theirs. “…with God nothing shall be impossible to you”. Thanks for being a kindred spirit and being a part of helping us fulfill our fullest potential and wildest dreams! Be blessed!In His Love
Rebecca -
Tami says:
Jeff, Don, Andy and Rebecca,
You have all inspired me. I have worked at my job for nearly 10 years – it has been a great job – one many people say is a “dream job” with good pay and amazing travel. But good things end too and as I watch the structure of this organization literally crumble around me – I know that it is time for me to believe in myself, push beyond my comfort zone and simply refuse to settle. Have you ever felt like the preacher was talking only to you – last night sermon started with this statement – “What if the life you want is hiding in your biggest problem?” – what if indeed.
My wildest dream begins by supporting myself as a trader and donating my time to the causes that Bless my heart…
I’ve never heard the term either but my co-workers, friends and family may certainly see me as “iconoclast” when I refuse to settle for another job. “Have the balls” Andy said… well regardless of that
it’s time for me to “go for it”
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Thanks for the insight Jeff. This really helps to put things in perspective. I’ll definitely try the visualization technique.