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Sunday, November 30, 2008

An Obituary - (Common Sense)

After the sad event last week (Mumbai's Taj and Oberoi attack) , i heard people blaming politicians for not taking the right steps. Let the few days pass by and we will stop discussing this blame game and go back to our routine life. But the first thing what came to my  mind after this was the obituary printed in london times forward to me by my friend. I thought that this is time i put it on my blog for all to read. below it goes .....

An Obituary printed in the London Times........ Interesting and sadly
rather true.

'Today we mourn the passing of a beloved old friend, Common Sense, who has been with us for many years. No one knows for sure how old he was, since his birth records were long ago lost in bureaucratic red tape. He will be remembered as having cultivated such valuable lessons as:
Knowing when to come in out of the rain; why the early bird gets the worm; Life isn't always fair; and maybe it was my fault.
Common Sense lived by simple, sound financial policies (don't spend more than you can earn) and reliable strategies (adults, not children, are in charge).
His health began to deteriorate rapidly when well-intentioned but
overbearing regulations were set in place. Reports of a 6-year-old boy
charged with sexual harassment for kissing a classmate; teens suspended from school for using mouthwash after lunch; and a teacher fired for reprimanding an unruly student, only worsened his condition.
Common Sense lost ground when parents attacked teachers for doing the job that they themselves had failed to do in disciplining their unruly
children.
It declined even further when schools were required to get parental
consent to administer sun lotion or an Aspirin to a student; but could not inform parents when a student became pregnant and wanted to have an abortion.
Common Sense lost the will to live as the churches became businesses; and criminals received better treatment than their victims. Common Sense took a beating when you couldn't defend yourself from a burglar in your own home and the burglar could sue you for assault.
Common Sense finally gave up the will to live, after a woman failed to
realize that a steaming cup of coffee was hot. She spilled a little in her
lap, and was promptly awarded a huge settlement.
Common Sense was preceded in death, by his parents, Truth and Trust his wife, Discretion his daughter, Responsibility his son, Reason

He is survived by his 4 stepbrothers;
I Know My Rights
I Want It Now
Someone Else Is To Blame
I'm A Victim

Not many attended his funeral because so few realized he was gone. If you still remember him, pass this  link on. If not, join the majority and do
nothing.

Friday, November 21, 2008

What's Your Recovery Rate?

What is your recovery rate? How long does it take you to recover from actions and behaviors that upset you? Minutes? Hours? Days? Weeks? How long? The longer it takes you to recover the more influence that incident has on your actions, the less able you are to perform to your personal best. In a nutshell the longer it takes you to recover the weaker you are and the poorer your performance.
Just ask yourself:
How many times have I got upset with my spouse or partner for something the children did hours ago? How many times have I missed an opportunity because I was still focussed on an upset and all I could say was ‘NO’ to everything? How many times have I driven my car erratically because I was still thinking of an incident that made me angry? The point is: a poor recovery rate affects your health. A poor recovery rate affects your well being. A poor recovery rate stops you from living to your potential.
You are well aware that you need to exercise to keep the body fit and, no doubt, accept that a reasonable measure of health is the speed in which your heart and respiratory system recovers after exercise. Likewise the faster you let go of an issue that upsets you, the faster you return to an equilibrium the healthier you will be. The best example of this behavior is found with professional sportspeople. They know that the faster they can forget an incident or missed opportunity and get on with the game the better their performance. In fact, most measure the time it takes them to overcome and forget an incident in a game and most reckon a recovery rate of 30 seconds is too long!
How long does it take you to recover and overcome and forget and incident at work or at home?
A method that I and many others use to help us reduce the recovery time is the method of the FULL STOP.
Imagine yourself to be an actor in a play on the stage. Your aim is to play your part to the best of your ability. You have been given a script and at the end of each sentence is a full stop. Each time you get to the end of the sentence you start a new one and although the next sentence is related to the last it is not affected by it. Your job is to deliver each sentence to the best of your ability.
Now think about your life. Imagine life is no more than a play, a drama and we each have a role to play in that drama. Your job is to play your part to the best of your ability and the better you play your part the more chance that you will inspire others around you to improve their performance. Each incident you face is a new sentence. Just put a full stop behind it and start again. Accept that every time you meet someone or have a conversation with a person on the telephone or even send an email it is a new incident. You have both moved on since you last met, so remembering the last occasion only keeps you in the past and stops you moving forward. Stops you seeing new opportunities. The next time you see the person that upset you, or you upset, is a new occasion there is nothing to be gained by continuing from where you left off. The incident has finished. You are both in a different place now. It is a new sentence so start again.

My grandmother used to call it destiny. “Accept what has happened as part of your destiny and live with it”, was a favorite phrase of hers. You cannot change what has happened. Sulking or Brooding will not help. Analyzing will only give you a headache and keep it fresh in your mind. In the same way that you cannot enter the same river twice, you will never face the exact same incident again so why analyze that one? You can however notice whether you have a habit or thought pattern that clicks in certain circumstances and stops you performing to your best. You can then look at the habit and decide how you can change it.

The secret to a better life is be like the sportsperson, ask yourself:
Did I recover quicker today than I did yesterday?
Did I recover quicker this time than the last occasion I faced a similar incident?
Did I allow myself to be average today?
Did I equal or improve on my personal best today?

Don’t live your life in the past! Learn to live in the present, to overcome the past. Stop the past from influencing your daily life. Don’t allow thoughts of the past to reduce your personal best. Stop the past from interfering with your life. Learn to recover quickly.
What we are suggesting is not an easy path. To work on your recovery rate and make changes in your thoughts, behavior and attitudes requires a great deal of effort. However, the rewards are also great. It is important that you don’t force yourself to work on your recovery rate because you think you ought to or must or because you feel it will ‘make you a better person’. There's no benefit in that because you will not stick to the task. You will make a great deal of effort at the beginning but when you are not achieving the results you want you will stop or look for another technique. Only when you really feel you want to change.
When you realize life is not working for you at the moment using the methods you are using will you put in the effort to change your behavior to improve your recovery rate. You can only improve your recovery rate when you can see that there is great benefit for the self.
Once you decide you wish to improve your recovery rate, you will start to check and change your thoughts and behavior and make effort to perform to your personal best. You can check your progress by measuring the speed in which you are able to apply a full stop. The time it takes you to let go. The time it takes before you are functioning at or near your personal best again.
Check yourself:
What was my recovery rate after the argument with my partner?
What was my recovery rate after I lost a sale?
What was my recovery rate after I received a ticket for speeding?
What was my recovery rate after I heard a friend was ill?
What was my recovery rate after I got frustrated with myself over………?

But remember; Rome wasn’t built in a day. Reflect on your recovery rate each day. Every day before you go to bed, look at your progress. Don’t lie in bed saying to yourself, ‘I did that wrong’. ‘I should have done better there’. No. Look at your day and note when you made an effort to place a full stop after an incident. This is a success. You are taking control of your life. Remember this is a step by step process. This is not a make-over. You are undertaking real change here. Your aim: reduce the time spent in recovery.
The way forward?
Live in the present. Not in the precedent.
 
(Source of above article unknown)
How can this be applied to the trading (trading recovery).
Recovery is very important factor in trading, it should be very fast else as said "the longer it takes you to recover the weaker you are and the poorer your performance becomes" ---
1. once you miss the trade check how fast you stop thinking on that missed trade and start looking for the new trade.
2. How fast do you recover after the gud and bad trade both.
3. If I am not comfortable i'll not trade, who ever tells me and i don't regret for not doing it even if it goes correct.
4. How fast i throw of my frustation when market is not showing any activity and enjoy the in-activity.(no compulsory trading)
5. How fast do i throw out my panic and take proper steps to protect my profits and investments.
6. How fast i take my losses and and cut the furthur losses.( i.e. allow yourself to take loss sometime, as they are good for health of your bank balance)

Thursday, November 20, 2008

Power of Positive Talk and Training

I remember my dad teaching me the power of language at a very young age. Not only did my dad understand that specific words affect our mental pictures, but he understood words are a powerful programming factor in lifelong success.

One particularly interesting event occurred when I was eight. As a kid, I was always climbing trees, poles, and literally hanging around upside down from the rafters of our lake house. So, it came to no surprise for my dad to find me at the top of a 30-foot tree swinging back and forth. My little eight-year-old brain didn't realize the tree could break or I could get hurt. I just thought it was fun to be up so high.My older cousin, Tammy, was also in the same tree. She was hanging on the first big limb, about ten feet below me. Tammy's mother also noticed us at the exact time my dad did. About that time a huge gust of wind came over the tree. I could hear the leaves start to rattle and the tree begin to sway. I remember my dad's voice over the wind yell, "Bart, Hold on tightly." So I did. The next thing I know, I heard Tammy screaming at the top of her lungs, laying flat on the ground. She had fallen out of the tree. I scampered down the tree to safety. My dad later told me why she fell and I did not. Apparently, when Tammy's mother felt the gust of wind, she yelled out, "Tammy, don't fall!" And Tammy did. fall.

My dad then explained to me that the mind has a very difficult time processing a negative image. In fact, people who rely on internal pictures cannot see a negative at all. In order for Tammy to process the command of not falling, her nine-year-old brain had to first imagine falling, then try to tell the brain not to do what it just imagined. Whereas, my eight-year-old brain instantly had an internal image of me hanging on tightly.

This concept is especially useful when you are attempting to break a habit or set a goal. You can't visualize not doing something. The only way to properly visualize not doing something is to actually find a word for what you want to do and visualize that. For example, when I was thirteen years old, I played for my junior high school football team. I tried so hard to be good, but I just couldn't get it together at that age. I remember hearing the words run through my head as I was running out for a pass, "Don't drop it!" Naturally, I dropped the ball.

My coaches were not skilled enough to teach us proper "self-talk." They just thought some kids could catch and others couldn't. I'll never make it pro, but I'm now a pretty good Sunday afternoon football player, because all my internal dialogue is positive and encourages me to win. I wish my dad had coached me playing football instead of just climbing trees. I might have had a longer football career.

Here is a very easy demonstration to teach your kids and your friends the power of a toxic vocabulary. Ask them to hold a pen or pencil. Hand it to them. Now, follow my instructions carefully. Say to them, "Okay, try to drop the pencil." Observe what they do.
Most people release their hands and watch the pencil hit the floor. You respond, "You weren't paying attention. I said TRY to drop the pencil. Now please do it again." Most people then pick up the pencil and pretend to be in excruciating pain while their hand tries but fails to drop the pencil.

The point is made.
If you tell your brain you will "give it a try," you are actually telling your brain to fail. I have a "no try" rule in my house and with everyone I interact with. Either people will do it or they won't. Either they will be at the party or they won't. I'm brutal when people attempt to lie to me by using the word try. Do they think I don't know they are really telegraphing to the world they have no intention of doing it but they want me to give them brownie points for pretended effort? You will never hear the words "I'll try" come out of my mouth unless I'm teaching this concept in a seminar.
If you "try" and do something, your unconscious mind has permission not to succeed. If I truly can't make a decision I will tell the truth. "Sorry John. I'm not sure if I will be at your party or not. I've got an outstanding commitment. If that falls through, I will be here. Otherwise, I will not. Thanks for the invite."People respect honesty. So remove the word "try" from your vocabulary.
My dad also told me that psychologists claim it takes seventeen positive statements to offset one negative statement. I have no idea if it is true, but the logic holds true. It might take up to seventeen compliments to offset the emotional damage of one harsh criticism.

These are concepts that
are especially useful when raising children .
(Source of the above article unknown)

What I feel is that the brain is just like a software program, the better you program it the better result it will deliver. It is much easier and faster for the brain to learn new things than we think, we just need to allow our brain to learn more.

"There is more we do NOT know about the brain, than what we do know about the brain"

Tuesday, November 11, 2008

Get ready For the New Upmove in Nifty and Dollar($)

We are now going toward the bottom again and this time bottom will be tested or new one will be created just below it(near 2000-1900 odd lvls) and then we go for the good up-move which will be continued for few weeks to come or may be months the target for this up-move will be around 4000 odd levels. once this bottom is tested the people will loose any hope of market rallying to new levels and this is the time market will make the new levels. Again only 20% of the participants will be going long for this move and 80% will enter at around 4000 odd levels thinking that they are going to miss the rally but then again they will be trapped at the higher levels. 

Also reiterating my thoughts on $. I said the $ can reach till 70, my friends still laugh at me seeing the rupee getting stronger. But again every one says 50 is the high and it won't go beyond.I feel very strongly that it will touch 55-60 in next 6 months and 70 in a year an half. I don't know if I would be 100 % correct but I think because of the $ being so valued entity and every country is invested in $ in is some or the other way for Oil trading or for hedging or for imports/exports anything, it is in some way or other connected to $ investment. Now because of very bad credit crises every body wants to liquidate their investment in $ and thus every body is buying the $. This is the reason I think for $ rocketing to sky in spite of the facts that there are credit crises going on globally. $ is getting stronger against each and every currency. I feel that $ and U.S. market both will rise. I guess the current pause given was because market needed the breather. $ moved from around 38 Rs to 50Rs and for further move the pause was necessary i guess. Time is god , let see if we see these figures.

Monday, November 3, 2008

“10 Tips to De-Stress"

Do you feel tense and anxious at work? Do your co-workers and/or boss make you crazy? Is your personal life less than blissful? If so, you've got stress. If you're like most people you've sought refuge from this situation by trying a quick fix or two like calling a friend, walking the dog, or going away for the weekend in an attempt to escape it all. While these strategies may serve as temporary diversions, nothing in your life changes when you return to your routine.

Stress is internal, which explains why it can wreak havoc on your health. It feels awful...it's the sense that you're not in control. The easiest way to mitigate its effect is to take charge of the one and only thing you have the power to control...YOU, and let go of what you can't control. The beauty of these tips is that by taking control of your life, external or outside, things will change in response to your internal changes.

Here are 10 tips to de-stress for your present and future:

1. Heal yourself - Dr. Bruce McEwen, who wrote ‘The End of Stress As We Know It’, suggests that eliminating stress comes right from your grandmother's journal. He says the most effective steps you can take are the simplest: exercise, a healthy diet, regular sleep, moderate to minimal alcohol intake, and no smoking. This, he notes, is the most sophisticated, up to the minute, cutting edge science available!

2. Get organized - Physical clutter reminds us of things that need to be done and that's stressful. Remove your physical clutter and you'll eradicate your mental clutter, plus you'll feel energized. Do organize your work station and keep it clean – avoid clutter.

3. Set boundaries - Boundaries act as a filter to keep you safe from the hurtful behavior of others while allowing in the love, support and nurturing actions we all need. Set your boundaries by: (a) determining what others cannot do to you or in your presence and (b) sharing this information respectfully with anyone who is stepping over one of your boundaries.

4. Take time for yourself - Put together a list of all the things you love to do but haven't regularly made time to do. Put your list in priority order and enter the top five to seven items into your daily calendar. Your list may include things as simple as journaling, reading a great book, taking a bubble bath, yoga, etc. You'll be more successful getting to these activities when you give them a time and place on your calendar.

5. Be positive - William James, the father of modern psychology said, "The greatest discovery of my generation is that man can alter his life simply by altering his attitude of mind." In other words, what you say and what you tell yourself impact the present and create your future. Love yourself and use the power of positive words, pleasing thoughts and affirming beliefs to live the life you want to live.

6. Work in a career you love - If you're like most people, you spend the majority of your waking hours at work. You'll know you're in the right profession when: you wake up anxious to go to work, you want to do your best daily, and you know your work is important.

7. Surround yourself with a supportive community -You are who you spend time with. Hang out with people who love and accept you just the way you are, are interested in you (not what you can do for them), lift you up (not wear you down), solve problems quickly, don't gossip or complain, and know how to have fun. Anything is possible with the right support.

8. Learn to say, "No." - We've all been influenced by people in our life who tell us we should do this or we ought to do that. As a result, we may end up living a life that others have decided for us versus living the life we want. So, the next time you think of something you ought to do or someone else suggests you should do, take a breath and ask yourself if it's something you want to do. If not, just say, "no" or "no thank you." When you say no to things you don't care to do, you are saying yes to you and this will free up your time and energy for the things you choose to do. Bottom line - you'll be happier.

9. Zap tolerations - A toleration is something that irritates you and drains your energy because it needs to be done, fixed, removed, or changed. If you're like most people you may be tolerating 100 or more things! Put together a list of all the things that bug you, e.g. a dripping faucet, money concerns, your weight, shopping and running errands, not enough time, computer files out of control, your hair, a room that needs to be painted, etc. When your list is complete, group like items and sees if one solution will eliminate multiple tolerations. For example, if you have piles of clothing in each bedroom, dirty windows and dust bunnies on your floor, hiring a housekeeper will zap all three tolerations. Line up a housekeeper, today. Then, commit to spending a chunk of time each week to zap your other tolerations. If you have a toleration that you don't have the skill or know-how to fix, consider calling an expert or seek out a skilled professional to trade services with.

10. Get your needs met - A "need" is not an option, it is something you must have to function fully. It is differentiated from a "want" in that a want is optional. Unmet needs can drive you to distraction and worse. Determine what you needs have that aren't being met, if any, and then take the appropriate action to get them fulfilled. Example: If you've taken a big hit and are going through a career transition, ask a good friend to call you two or three times a week to check in with you and give you support. Other options include calling your own voice mail and leaving supportive messages or hiring a coach who specializes in career transitions. When you acknowledge and satisfy your needs, you will be free to focus on other areas of your life. If you want to be happier and more successful, focus on the things you have the power to control.

These TIPS I received through the mail and thought would be helpful for everyone in their life.