Live to trade another day

Often when I’m day trading stocks and I profit for the day, I want to keep going. I want to use the positive momentum. But what I’ve learned is that often in those instances I start trading with emotion and I end up losing partially the gains I made earlier in the day.

Even with day-trading stocks, it’s important to understand that life isn’t a sprint… it’s a marathon. And you want to be consistent and show up every morning. Take it one step at a time; live to trade another day.

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Balance

Does balance exist?  

We all know someone who is getting perfect grades, competing in a team sport, volunteering for the local animal shelter, plays the violin, and writes a food blog. 

But a part of me thinks that this type of person has to be sacrificing something, right? 

You’ve probably seen the 4 pillars of life before: physical health, social health, mental/creative health, and emotional/spiritual health. 

Physical health includes exercise, diet, and sleep. What measures do you do to take care of your physical body?

Social health is how well you manage your relationships and ability to have meaningful social interactions.

Mental/Creative health considers how you satiate your “creative” side. Maybe you write poetry, play an instrument, or perform theater; either way, we all need some type of outlet.

Emotional/Spiritual Health is, in a general sense, how you take care of your “soul.” Are you emotionally stable? Are you in tune with your mind and body? Religions often see this as a type of spiritual health.

I’d have to imagine that all 4 of these pillars are equally important in their own right. I can also see how there may be debates for each pillar as being more important than the rest, depending on the type of lifestyle you live. Perhaps a professional athlete at their prime would rank physical health over anything else, while professional theater performers might willingly (or unwillingly) have to sacrifice social relationships and physical health to achieve mastery in their profession.

My question is: is there a way to perfect balance all 4?

Is there really some way for all of us to get 8 hours of sleep while exercising 3-4x a week, have healthy relationships with their family and friends (and potential significant other), write poetry and play an instrument, emotionally stable and emotionally intelligent and meditates + practice mindfulness?

I can confidently say that I have maybe 2 pillars down, maybe 2.5.

For me, at least, this idea of balance is something I want to achieve. It seems like an ideal lifestyle for me, because I see the merit in dedicating effort to fulfilling each pillar. I see that each pillar can contribute to my overall lifestyle and happiness.

But the real question not just for me but the world in general is: do you seek this type of balance?

Or is a “balanced” life really a myth? The myth of balance is that the most successful people in their field are those who sacrificed balance to instead focus on specialization; they are the best in their field because they sacrificed the opportunity to be good at other things in life.

To be successful, do we have to sacrifice one or even several of these integral life pillars?

Mindfulness

Meditation and mindfulness are often put in the same boat but in reality they are separate.

Meditation is the practice of mindfulness; however, you can live every day without meditation but still be mindful about your life.

Mindfulness is a state of peace one achieves by being able to live in harmony with the mind, body, and soul.

Do you ever walk a few blocks to go home and then end up arriving at your doorstep without any recollection of the last 10 minutes? Your body was walking, while your mind is elsewhere.

Daydreamers… procrastinators… and unenthusiastic people (or unenthusiastic situations) often lead to a lack of mindfulness

But it’s important to be more conscious of what you are doing.

A connection between the thought and the action is important because it allows us to be in the “zone”

Athletes know this. You can’t perform at your best if you don’t have this mindfulness–if you mind is wandering off while you’re trying to run down the court. It’s why Kobe Bryant and Michael Jordan both practiced meditation extensively.

The top performers in life, the most successful people I follow, all practice meditation to achieve better mindfulness. A few names include: Bill Gates, Tim Ferriss, and Ray Dalio

I’ve been meditating nearly every day for the past 3 months and I can already see the small subtle benefits. It’s no wonder that people who have been practicing meditation and mindfulness for years are able to succeed in life in every sense of that word.

Pressing issues

I’m probably like most people around my age that live on the West Coast in Canada:

Liberal–at least socially.

Scorns at hate crimes and racial bias

Low-key panicking about global warming and the inevitable doom of our environment

Cares about charity and curing poverty

And probably have a few not-to-kind things to say about Trump

But a part of me realizes that I complain too much

The inner economist realizes that the world isn’t as black and white as we’d like it to be. And the world doesn’t care about opinions or complaints; the world cares about facts, data, statistics, and results.

“If morality represents how we would like the world to work, then economics represents how it actually does work.” – Freakonomics

The great thing about studying economics though, particularly if you also study politics and behavioral economics, is that you begin to understand the world a lot better. You begin to grasp the concept of incentives, of society, of the rationality (and irrationality) behind human decisions.

I think it would be a disservice to myself if I didn’t continue my passion for studying economics, as well as the “moral” aspect of the world. Maybe then, in the future, I won’t need to be talking about the pressing issues of the world; instead, I’ll be able to discuss the solutions we can apply to fix those issues.

Knowledge is power

How much do you value education? Books? The internet?

And how much do you value your knowledge?

Knowledge is power. It’s an overused aphorism that remains true.

The 21st century saw the world enter into the digital information age, propelled forward by the internet, the smart phone, and soon, artificial intelligence and machine learning.

Those with access to this overload of information should be utilizing it as much as possible. Obtaining knowledge left and right.

IN a world where everyone is trying to connect the dots, sometimes it’s instead the time to collect some dots.

Superpowers

I have reoccurring dreams about having superpowers

Last night it was related to the ocean. I felt like Poseidon’s son. I could control the waves, communicate with giant whales, dive deep into the ocean, and fly and levitate.

Often times I have dreams about having psychic powers. I could move things and control the world with my mind.

I wonder why. Is there some deep-seated reason that these dreams are consistently reoccurring?

When I have these dreams, I actually feel like I am in control. Do you guys ever feel like you are literally living in that world, and you can control what you do?

Last night was New Year’s Eve and I hung out with some of my closest friends and a few new ones. I did magic like I often do at gatherings.

And I was reminded that superpowers isn’t just about making things float or being able to fly and lift heavy things.

Someones, superpowers can just be as simple as making someone smile.

And to many people, magic is pretty cool in that sense.

So I guess maybe I’ve had superpowers for a while now. I just haven’t noticed.

First three principles from “How to Win Friends and Influence People”

I recently started the classic self-improvement book: How to Win Friends and Influence People. Here are the first three principles discussed.

Principle 1: Don’t criticize, condemn, or complain

Sharp criticism of other people doesn’t work.

People will always try and justify their wrongdoings, and condemn you back for sharp criticism. Sharp criticism is more like a homing pigeon >>> will always come back to you

Principle 2: Give honest sincere appreciation 

Fear the friend who flatters you. This flattery can often be seen as manipulative or insincere/fake. Instead, look for people who offer genuine appreciation and praise, and do so yourself.

Principle 3: Arouse an eager want in people.

Bait the hook for what they want, not what YOU want.

The only sustainable way to get people to do things is to make them want to do it. Do not however create manipulation; create a mutual beneficial situation

Henry Ford once said:
“If there is any one secret to success, it lies in the ability to get the other person’s point of view and see things from that person’s angle as well as from your own”