Benjamin Olarewaju Malik

30/08/2022

5 Lessons I Learned From The Book ‘As a Man Thinketh’

1) You Become What You Think

You are what you are right now because of the thoughts you once had or have. If you want to change yourself, you should first start with changing your thoughts. All the actions of man arise from the hidden seeds of thoughts.

Just with the right choice and application of thought, man can ascend to divine perfection; while with wrong choice and application of thought, he can rise below the level of the beast.

Good thoughts and results can never produce bad results; bad thoughts and actions can never produce good results.

2)Your Mind is Like a Garden

The author creates an analogy of our mind with the garden. We either choose to cultivate our mind wisely or let it run wild. If we don’t plant the seeds of beautiful flowers in our garden, the garden will itself produce some useless weeds.

Just as the gardener weeds out all unnecessary plants it is the responsibility of every individual to plant the right seeds, nurture them, and at the same time put out all the weeds. When we do this, our life becomes beautiful. But if we do the exact opposite and feed the weeds, our life becomes a mess.

3) Thoughts Not Just Affect Mentally, But Also Physically
How and what we think has a significant impact not just on the mental level but also physical level. The body is the servant of mind and it obeys the order of mind be it deliberately chosen or automatically expressed.

The author argues that the people who live in constant fear of disease are the ones who actually get it. Therefore being healthy is not just about the body, it’s also more about the mind.

Change of diet will not help a man who will not change his thoughts.

Thoughts also affect how we age. If we just pause for a second and observe the people around us, we can see people in their nineties with bright smiling faces. But we also can see the people who are just in their mid-thirties whose face is drawn into unharmonious contours.

4)You Are Not Shaped by Your Circumstances

If you believe you can’t get something just because you came from a different background or because your environment doesn’t support you, you are wrong my friend. You are not shaped by the circumstances rather the outer world of circumstances shapes itself into the inner world of your thoughts.

No matter what the circumstances are, you always have the freedom to choose how to respond. And the best response is always to choose to focus on the areas you have control of. When you focus on what you have control over and improve that way, you win in life.

Men are anxious to improve their circumstances, but are unwilling to improve themselves; they, therefore, remain bound.

5)Actions And Thoughts Must Go Together

The knowledge preached by some of the self-help gurus about thoughts is that you will achieve whatever you think if you just believe it. This is also represented as a law of attraction and the idea is sold to many people.

James Allen, who is also considered as the pioneer of the self-help movement was clear that just having thoughts are not enough. Thoughts are just the starting point. And if we don’t harmonize our thoughts with the right actions, we will never accomplish what we are set to.

Just wishing for things and waiting for them to come to you will not help you in any way. You must go out, take action and earn it, whatever it is you want.

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08/08/2022

08/08/2022

07/08/2022

05/08/2022

Lao Tzu Quotes For Traders

The name Lao Tzu is translated as “Old Master.” He was thought to be a historical figure in ancient China and a philosopher and writer. He is believed to be the author of the Tao Te Ching, the founder of Taoism as a philosophy, and even a deity in some of the more fundamentalist Taoism that is a religion.

His wisdom is ageless and many of his quotes can be applied to modern day traders and investors.

“The journey of a thousand miles begins with a single step.” – Lao Tzu

Success in trading or investing takes time, energy, study, and effort and the only way to begin is to start working on your process today. Keep working on each step required to be a successful trader, one by one, and keep moving closer to your goal every day.

The steps to successful trading are:

1. Watchlist
2. TimeFrame
3. Backtesting
4. Diversification for markets & signals
5. Positions sizing
6. Max risk exposure
7. Drawdown risk tolerance
8. Win%
9. Risk/reward ratio
10. Return estimate

“Knowing others is intelligence; knowing yourself is true wisdom. Mastering others is strength; mastering yourself is true power.” – Lao Tzu

You may be clever if you know how other traders and investors behave in the market, but knowing how you will act under stress is even smarter. Mastering technical analysis will do little to make you money if you can’t master your own emotions, ego, and self control to follow your own system.

“Life is a series of natural and spontaneous changes. Don’t resist them; that only creates sorrow. Let reality be reality. Let things flow naturally forward in whatever way they like.” – Lao Tzu

You can’t predict or control how the market moves, fighting a trend or volatility only loses capital. Trade what is happening, go with the flow of least resistance if you want to make money.

“A good traveler has no fixed plans and is not intent on arriving.” – Lao Tzu

Don’t get stubborn about a trade and don’t try to predict how it will turn out. If your stop loss is triggered take the small loss, if it starts moving in your favor let it run until your trailing stop or profit target is triggered.

“Those who know do not speak. Those who speak do not know.” – Lao Tzu

Talking heads on financial television don’t know the future, if anyone does know, they aren’t going to tell you.

“The best fighter is never angry.” – Lao Tzu

The best traders and investors never let anger change their trading strategy.

“If you are depressed you are living in the past. If you are anxious you are living in the future. If you are at peace you are living in the present.” – Lao Tzu

If you are depressed you are focused on a past losing trade. If you are stressed you are focused on how a future trade will turn out. If you are at peace you’re open to however your current trade turns out.

“A man with outward courage dares to die; a man with inner courage dares to live.” – Lao Tzu

A trader that wants to look like a big shot trades large and risks blowing up their account. A trader that wants to grow a big account manages their position sizing and avoids the risk of ruin so they can survive.

“Do you have the patience to wait until your mud settles and the water is clear?” – Lao Tzu

Traders must have the patience to wait for their own clear trading signal to enter or exit and avoid the noise of meaningless price action and volatility.

“Be careful what you water your dreams with. Water them with worry and fear and you will produce weeds that choke the life from your dream. Water them with optimism and solutions and you will cultivate success. Always be on the lookout for ways to turn a problem into an opportunity for success. Always be on the lookout for ways to nurture your dream.” – Lao Tzu

Be careful what thoughts you let into your belief system as they can take you off track from your goals. Worry and fear are not tools for accomplishing your goals they are destroyers. Focus your mind on optimism and solving problems to reach success. Problems turn into opportunities when you focus on the lesson they contain. Visualize what you want until you have it.

02/08/2022

28/07/2022

"Everyone makes mistakes."
I just had to start with that.
I am tired of people trying so hard to be perfect or present an appearance of perfection.
Even the pictures on Instagram ain't perfect either...

My point is, to stop beating yourself up because of your imperfection or because you made a mistake.
"We are in this mess because of what you did" we always hear.
Are we not tired of saying that, are we going to continue to let a mistake that was done years ago ruin our lives?

Mistakes were done, we get it. It's time to pick the lessons from those mistakes and move on. Trading blames won't help.

You made a move that you thought was the best move at the time. You were wrong, it was a mistake and you have blamed yourself every day since then.
I am saying, stop blaming yourself, learn the lesson and infuse same into the next chapter of your life.

Do not let your past mistakes stop your next chapter. It is time to forgive yourself.