Post by Conrad Alvin Lim on Dec 24, 2006 1:47:03 GMT -4
Its the time of year when we sit and ponder the things we've done and things we should have done and things we want to do. Its the time that most make resolutions and start setting new goals. To some, it is time to make a change.
Through the course of setting up the Pattern Trader Tutorial as a humble private tution service in my home and the day Patrick and Adam came knocking, to the present time as I type this in anticipation of my first Professional Tutorial this coming Wednesday, ... I have met so many people from so many different walks of life and lifestyles. Each came to me with a different agenda and almost always, the same concerns and wants for themselves and their families. A few even brought their problems and sought consultation from me.
Although flattering, it was not surprising as I had done the same thing in my time of need ... I sought out those who had succeeded in the face of adversity and made something of themselves in difficult circumstances. Now, the shoe was on the other foot.
When I spoke to these few troubled people, I saw myself again during my time of misery and found it easy to wear the shoes of those sitting across from me. As I looked into their eyes, I wondered if I had had the same look of yearning to make my life better. I wondered if they knew that the grass on my side had not been as green as they thought it had been. I felt myself humbled yet again, that these people looked to me as a source of inspiration as I had looked at others when I was down.
If this is what is expected of me now, as a result of working hard to achieve this "success", then allow me to quote Uncle Ben from "Spiderman" ... "With great power, comes great responsibility".
God gave me a gift. And I am thankful for it. But in giving me this gift, He has also tagged on the responsibility of giving back what I have been given. If this is my calling, then it is also my resolution.
Many of those that I've met, have the same all-too-common problem ... baby boomers who thought that 25 to 35 years ago, an 'A' Level certificate was the key to be King of the World, now looking back and regretting not pushing further to get that Degree when it was more affordable. These baby boomers are now middle aged, underqualified and over experienced nobodies with careers that are going no where and with no future to speak of. These are ageing people who will have to work to sustain their old age. These are hard working people, raised in an era based on smart work and routine.
Today's workforce is made up of younger, more vibrant and better educated 20 to 30 somethings that live and work in a world of innovation, entreprenuership and constant advancement. Ironically, these same 20 somethings are the older baby boomer's off springs who were raised to be successful and ambitious. Strange that these boomers didn't take their own advise.
So where does that leave this massive generation of "losers"? How will we survive our old age? What do we have to do to ensure a happy golden era for ourselves?
If you thought this was a sell to get you to trade, I'd tell you to go to hell. But being Christmas Eve, I shan't be that curt.
Each individual boomer will have their own wants and needs. Prudence is the key word to survivability for these middle aged group of people. Forget about the little luxuries that do nothing for your wallet. Throw out the once-in-a-while extravagances that you think won't affect the bottom line. Forget about image and what you think is the way people perceive you ... truth is, no one cares what you look like, wear or carry, because they are too embroiled in their own image concerns. Think prudent, think savings, think long term.
Get your children to live prudently. There is no harm raising your children with some humility and conservativeness. Their attitude is a direct reflection of the way you bring them up. It will also be a direct result of your misery or joy in your golden years. I am sure you know what I am talking about. If you don't, your ignorance will surely be enlightened when its much too late.
Achieveing prudence in your life is the greatest single step one can take to living wisely. What follows is the wisdom to make the right choices to get your savings to work for you efficiently. This approach means that you do not jump into programs that rely heavily on advertising. You don't make decisions based on a convincing sales pitch. You don't listen to your heart. Prudence will ensure that this happens.
The best and most profitable ideas come from those which everybody talks about and doesn't need the media hype. Most of the time, they are tried and tested and reliable programs with reputations that preceed them. They are ideas that are brought to your attention by family or friends who are already in the program. And most importantly, these are ideas that your brain tells you will work, rather than your heart. Its called common sense.
This is the one basic fundamental sense that profitable investors get rich on. The growth may be slow, but it is steady and virtually risk free. The evil in such programs comes from within ourselves when we get impatient with the growth rate. We call this greed. We are always in a hurry to get things accomplished quickly that we are always too eager to take the risk that comes with the gamble. This is not prudent.
The best we can do for ourselves is to realise that hasty accomplishments are always only temporary and lasting accomplishments take time to build.
I made this resolution to change my life and be happy with being prudent. I instilled this spirit within my children and today, four years on, we are extremely happy with our lot in life and our home is indeed a happy and loving one.
In my trades, this is also true as I am happy with sticking to my trading plan and not losing to the market. This has ensured me that by not losing or by limiting my losses, I have seen the profits take care of themselves. I use prudence in collecting my profits instead of greed. I am happy with what I make even if I could have made more by breaking my trading plan and staying in the trade for a while longer. By this approach, I beat Greed everytime.
In life, as in trading, my objective for next year, is to share my knowledge and experience and time more generously with those who wish to listen and learn. There is little worth left in learning from my own experiences if I don't share it with others who may benefit from my mistakes. In return, I believe that I will grow and become a better person while I remain prudent and humble as I relive my experiences to those who want to listen.
The horizon is a wide taget but by focusing on one point in that panoramic view, by moving in that one direction, one can only but arrive one day, given the same proper drive, will and determination that has seen many others succeed in the past.
I remain humbly and sincerely yours,
while wishing everyone a very Merry Christmas
and a most Profitable New Year ahead.
Conrad Alvin Lim
Trader.
Through the course of setting up the Pattern Trader Tutorial as a humble private tution service in my home and the day Patrick and Adam came knocking, to the present time as I type this in anticipation of my first Professional Tutorial this coming Wednesday, ... I have met so many people from so many different walks of life and lifestyles. Each came to me with a different agenda and almost always, the same concerns and wants for themselves and their families. A few even brought their problems and sought consultation from me.
Although flattering, it was not surprising as I had done the same thing in my time of need ... I sought out those who had succeeded in the face of adversity and made something of themselves in difficult circumstances. Now, the shoe was on the other foot.
When I spoke to these few troubled people, I saw myself again during my time of misery and found it easy to wear the shoes of those sitting across from me. As I looked into their eyes, I wondered if I had had the same look of yearning to make my life better. I wondered if they knew that the grass on my side had not been as green as they thought it had been. I felt myself humbled yet again, that these people looked to me as a source of inspiration as I had looked at others when I was down.
If this is what is expected of me now, as a result of working hard to achieve this "success", then allow me to quote Uncle Ben from "Spiderman" ... "With great power, comes great responsibility".
God gave me a gift. And I am thankful for it. But in giving me this gift, He has also tagged on the responsibility of giving back what I have been given. If this is my calling, then it is also my resolution.
Many of those that I've met, have the same all-too-common problem ... baby boomers who thought that 25 to 35 years ago, an 'A' Level certificate was the key to be King of the World, now looking back and regretting not pushing further to get that Degree when it was more affordable. These baby boomers are now middle aged, underqualified and over experienced nobodies with careers that are going no where and with no future to speak of. These are ageing people who will have to work to sustain their old age. These are hard working people, raised in an era based on smart work and routine.
Today's workforce is made up of younger, more vibrant and better educated 20 to 30 somethings that live and work in a world of innovation, entreprenuership and constant advancement. Ironically, these same 20 somethings are the older baby boomer's off springs who were raised to be successful and ambitious. Strange that these boomers didn't take their own advise.
So where does that leave this massive generation of "losers"? How will we survive our old age? What do we have to do to ensure a happy golden era for ourselves?
If you thought this was a sell to get you to trade, I'd tell you to go to hell. But being Christmas Eve, I shan't be that curt.
Each individual boomer will have their own wants and needs. Prudence is the key word to survivability for these middle aged group of people. Forget about the little luxuries that do nothing for your wallet. Throw out the once-in-a-while extravagances that you think won't affect the bottom line. Forget about image and what you think is the way people perceive you ... truth is, no one cares what you look like, wear or carry, because they are too embroiled in their own image concerns. Think prudent, think savings, think long term.
Get your children to live prudently. There is no harm raising your children with some humility and conservativeness. Their attitude is a direct reflection of the way you bring them up. It will also be a direct result of your misery or joy in your golden years. I am sure you know what I am talking about. If you don't, your ignorance will surely be enlightened when its much too late.
Achieveing prudence in your life is the greatest single step one can take to living wisely. What follows is the wisdom to make the right choices to get your savings to work for you efficiently. This approach means that you do not jump into programs that rely heavily on advertising. You don't make decisions based on a convincing sales pitch. You don't listen to your heart. Prudence will ensure that this happens.
The best and most profitable ideas come from those which everybody talks about and doesn't need the media hype. Most of the time, they are tried and tested and reliable programs with reputations that preceed them. They are ideas that are brought to your attention by family or friends who are already in the program. And most importantly, these are ideas that your brain tells you will work, rather than your heart. Its called common sense.
This is the one basic fundamental sense that profitable investors get rich on. The growth may be slow, but it is steady and virtually risk free. The evil in such programs comes from within ourselves when we get impatient with the growth rate. We call this greed. We are always in a hurry to get things accomplished quickly that we are always too eager to take the risk that comes with the gamble. This is not prudent.
The best we can do for ourselves is to realise that hasty accomplishments are always only temporary and lasting accomplishments take time to build.
I made this resolution to change my life and be happy with being prudent. I instilled this spirit within my children and today, four years on, we are extremely happy with our lot in life and our home is indeed a happy and loving one.
In my trades, this is also true as I am happy with sticking to my trading plan and not losing to the market. This has ensured me that by not losing or by limiting my losses, I have seen the profits take care of themselves. I use prudence in collecting my profits instead of greed. I am happy with what I make even if I could have made more by breaking my trading plan and staying in the trade for a while longer. By this approach, I beat Greed everytime.
In life, as in trading, my objective for next year, is to share my knowledge and experience and time more generously with those who wish to listen and learn. There is little worth left in learning from my own experiences if I don't share it with others who may benefit from my mistakes. In return, I believe that I will grow and become a better person while I remain prudent and humble as I relive my experiences to those who want to listen.
The horizon is a wide taget but by focusing on one point in that panoramic view, by moving in that one direction, one can only but arrive one day, given the same proper drive, will and determination that has seen many others succeed in the past.
I remain humbly and sincerely yours,
while wishing everyone a very Merry Christmas
and a most Profitable New Year ahead.
Conrad Alvin Lim
Trader.
but i am really insipred that u have oversome all those diffculties one after another. 