My Story

This is me: my story. I don’t believe in free time. My mission is to leave this world better than when I left it, and every day I find ways to maximize my time to make this happen. The closest thing to free time for me is sleep and creating/maintaining healthy relationships with other people.
The potential to become financially free is the greatest motivation I have. Not only will I have the power to help myself, but I will have the power to help other people and help make this world a better place.
I know what it takes to be successful at anything, and I want to become successful at trading or I will die trying.
I want to be debt-free,live in downtown Atlanta, have an office walking distance from my apartment, and have a reliable vehicle.
I wake up, read the bible, get dressed and ready, go to work, go to school, study, trade the forex market, watch videos on how to trade, write a blog post or create a presentation about trading, prepare for the next day, sleep, and repeat.

I’ve had 7 jobs and started two businesses over the course of my life, and I am only 20 years old. Hustle is in my DNA. My parents were/are hustlers; they both grew up poor and now they are middle class. I grew up from a blessed situation as a lower middle class American. I always lived in the middle class mindset that we are all familiar with. As a kid I did not know any better, it’s just how I was raised. Nonetheless, my parents were enormous advocates of Dave Ramsey, and his philosophy of saving money, living debt free, and planning for retirement. Growing up with around this mentality made basic finance almost common sense. However, when I was 14 years old I found inspiration at an early age from a book by Robert Kiyosaki, entitled Rich Dad Poor Dad. This book changed my life and my perspective entirely. The idea of becoming an entrepreneur was opened up to me. These people are just mythically entitled to money. No they created value in the market place and the economy rewarded them for it. Radical paradigm shifting ideas. My dad also gave me $100 dollars to play around with in the stock market, and I doubled the amount within 6-8 months. From that point, I saw what was possible and was never the same.
I’ve also experienced addiction in my life. I discovered porn around the age of 9, and it didn’t really become a large problem until I had my own technology around the age of 14 up until about 16 years old. I was arrested for smoking weed at 18 years old, and to cope with probation I smoked tobacco. About a year later, I took up vaping because it was healthier, but I’ve been off of nicotine entirely for about 5 months now.

Whirling in a torrent of Inspiration (SURPRISE QUESTION AT THE END)

I could go on and on and on and on, but I will save you the lengthy preface, body, and eulogy and get right to the meat. One tangent I stumbled upon today dealt with the stock market. My blog does deal with success and finance after all. However, a post was made on Reddit about how you could take 9 randomly generated stock charts and a real one, throw them in a pile, and you would not be able to tell the difference or find the true stock chart. This then lead me to hunt in Wikipedia and soon after I found the Turing Test, and then I found ELIZA, and then I found the script for ELIZA. The Turing Test is a set of philosophical questions to determine whether or not machines or artificially intelligent programs can think like human beings. ELIZA was a program developed in the 1960s by a psychologist named George Bernard Shaw, and the gist of the program was: a psychiatric patient was to communicate via text to this program, and based on keywords that the person gave, the program would generate a response. Almost all of the patients who were diagnosed by ELIZA believed there was a real human on the backend of the responses.  When they were told it was a program, they simply refused to believe the conductors of the experiment. The philosophical implications can be discussed here for many, many posts, but I will save you the headache and present you with this question. Many of us work professions and jobs and can all relate to the term, “unconsciously proficient”. Much like how you can drive a car with ease, there are some areas of your life where you know how to do things with a level of unthinking mastery. What is the difference between someone who is unconsciously proficient and a machine that could automate what you do? 

I seriously want you to ponder this.

My response: I believe there is barely any difference, if any between the two. Although humans are more than just machines, we have programming inside of us that gets tweaked, reworked, and perfected. Now let’s use the driving example because it is an example we can all relate to. I believe few things in this universe are truly and wholly perfect. Let’s say you can program a machine to engage the accelerator pedal at the “perfect” time or press the breaks with the “perfect” amount of force, it would still be an imperfect mechanism. However, in order to drive, you do not need to drive exactly at 65 mph on the highway, or break at an exact time before every red light. You just need to get to your destination. The programming that you use when you drive is not a perfect system. I don’t believe there is one; even for our theoretical self-driving machine. The process we use is not perfect, but modular, and I would argue that we reach a level of “perfection” that suites our purpose. Once this level is reached, I do not believe there is any difference, if any between an unconsciously proficient process and an automated machine.

The Essence Living Consciously

Romanticizing the past and worrying about the future all take us away from where we need to be. Living consciously means leaning into resistance and embracing the presence of now. We have the power to change when we let resistance work for us and not against us. When you don’t “feel” like doing what needs to be done, you can lean into the power of conviction for WHY it needs to be done. Resistance is a good thing; it means there’s an opportunity for change, and an opportunity to live a more conscious life.

What you can do in 15 minutes everyday that will surprise you

We all know the feeling of having unchecked boxes on our to-do list. If only we could will these tasks into completing themselves, then we would be happier and have more clarity during our day. I want to place grave emphasis on the weight we feel on our shoulders when our productivity suffers. The first step to becoming more fulfilled is imagining this weight being taken off. Completely. Now forget thinking in numerical steps and forget everything you know about motivation and take 10 seconds to tell yourself what the outcome is. Why on earth are you doing these tasks, and how can you benefit from them? GO!

*No cheating*

1 Mississippi

2 Mississippi

3 Mississippi

etc. . .

Once you have a concrete idea for the purpose of each task, the process to complete them will develop almost automatically.

Now what about those wondrous fifteen minutes I alluded to in the introduction sentence? Fifteen minutes is not much time, right? Wrong. Any and every increment of time has value, and extracting 900 seconds their fullest potential will make your day extremely useful.

1. Try the Scientific Seven Minute Workout. Can you really get a good workout in just seven minutes? According to the New York Times, yes, you can. The Seven Minute Workout is backed by research, and it consists of 12 exercises performed in rapid succession.7-minute scientific workout

Going through all 12 exercises takes only 7 minutes, and all you need is your own body weight and a chair. Follow along with the video below (I tried it; it’s hard, but doable):

2. Meditate. Meditating is easier than you think. Although most people equate meditation with sitting cross-legged on a mountaintop for hours on end, all you need is a comfortable chair, a quiet space, and a few minutes.

Here’s an easy ten minute guided meditation you can follow along with in order to get started:

3. Read a Book for 15 Minutes. Here are some scary statistics:

  • Only 14 percent of adults with a grade-school education read literature in 2002.
  • 51 percent of the American population never reads a book more than 400 pages long after they complete their formal education.
  • The average American watches 32 hours of TV every week.

There are many, many more I can list; however, I kept things short and simple. So what’s your excuse? Let’s crush it today maximize our time for 900 seconds!

Why Comedians are so Funny

Top performing comedians all have a system for being funny. Remember a time when you or someone you know had a group of peers and colleagues laughing to the point of tears and weak abdomen? We all have the ability to make people laugh, so how do comedians do it consistently? Sure, we are familiar with their huge moments like an HBO special, an SNL monologue, or a talk show special, but we never hear about what it actually takes to master their craft behind the scenes. Before they ever speak in front of a large audience, they ensure the success of their act is guaranteed and bulletproof. They incessantly test the jokes and the punchlines in lows stakes environments like coffee shops, open mics, or small cities in their home town where the crowds are warm and familiar. Comics at the peak of their craft get at this level because they are willing to be unfunny. A LOT. By this I mean absolutely bombing jokes, giving lame deliveries, and plowing through awkwardness. The moments leading up to a skit that leaves people slapping their knees spitting their drinks are some of the most cringe-worthy times a comedian has, but also the most rewarding. The jokes that do work are guaranteed to work again and again, and with some tweaking, they get better.

5 Crucial Tips for Managing Risk when Day Trading Stocks

Managing risk makes or breaks a trader. Anyone who trades can immediately get blown away by a whirlwind of factors that not only affect the stock, but also their own thoughts and emotions. With this in mind, managing risk is the ultimate objective when becoming profitable. The first step is to focus on the factors that can be controlled. In terms of risk, the only equation you need to remember is:
Wins-Losses=Profit.
In the market, what is easiest factor we can control? What is easier, increasing your income, or cutting your spending? Cutting your spending of course! The same mindset works with trading.

Trade with the Trend

As traders, we are our own weathermen. We must forecast how the market will generally behave in the near future in order to make a decision. The further we predict into the future, the less accurate our results will be. Therefore, the direction of a trend and the momentum a stock is our best reaction.

Exit Properly

Recall our equation Wins-Losses = Profit (or Loss). Before we know we have won or lost, we must have plan for both scenarios.
1) Win: Where will I exit if my trade evolves favorably?
2) Loose: Where will I exit if my trade evolves unfavorably?
An scenario for good risk management:
You enter a stock at $100 share and expect a $10 gain at $110. Unfortunately, the trade behaved unfavorably and is now at $92. Fortunately, however, you had proper risk management. Because you were smart, you placed a loss exit at the $95 mark. This provided a Risk Reward Ratio of 2:1, and you only lost $5 on the trade.

 risk-management-blog-post-nov-2

Adjust Position as the Trade evolves

The simplest process involved one trade and one entry. However, as you gain more experience, you will notice that you can increase your probability whenever you enter the trade at multiple times. all-in

 Scaling.png

As seen in the second picture, the techinque is to scale you entry and entering gradually as trade reveals itself. Instead of “reacting” to the market, you are adapting and evolving as the market moves. In either case, the goal would be to sell at the very top of the graph. The first picture would be perfectly fine for beginner, but if you want to decrease you overall risk, you must risk your capital based on how confidently the trade presents itself; as the trade moves, you move with it.

Take profits

Ironically, exiting seems to be a hard concept for novice traders! However, much like scaling your entries, you can scale your exits. Taking all your profit at once may not be ideal, and whenever a trade moves favorably, you can take up to half of your profits, for instance, to guarantee your win. It’s better to seal the deal than to have a winning trade go sour.

NO Random Trades

Many times, when a stock is experiencing abnormal price activity, traders want to guess which way it’s going to go next. Picture a stock running from $2/share to $5/share in an hour. Some traders are quick to form a thesis such as, “it’s up too much so I’m going to short.” At that point, you may as well flip a coin.

You are better off waiting for the stock to form a trend so you can be on the right side of the trade.

Don’t press SNOOZE on Your Dreams

You hear a buzzing, the pulses are getting louder, shifting from the background of your dream into an audible ring that is smack in your face. It’s time to wake up. We all have alarms at some point, and in my opinion, they are pretty annoying. Nonetheless, without them our mornings would be less predictable and without direction.

Alarms present us with a fantastic metaphor for changing our habits and mastering success. We all need stimulus in our lives. Without the stimulus to eat, we’d starve, and much like our need to nourish ourselves, we need stimuli in order to take action and achieve our endeavors.

Imagine this: How much could you get done with an extra hour every day? Maybe this is more time to read, to study your profession, or to plan out your day. How valuable would this extra hour be if you made an impact with it? The value is priceless, and the results you create can dramatically improve your wellbeing. But here is a little secret; instead of wishing upon an extra hour, why not give yourself this extra hour with the stimulus of an alarm?

 

Know yourself. Identify you most productive and least productive times of the day.

I will recommend two ways of ways to give yourself and extra hour such as:

  • Setting an alarm to wake up an hour earlier
  • Set aside an hour before bed

 

Which of these is the best way to maximize your “extra” hour a day? Which will you do?

If you set an alarm for an extra hour what will you do with it?

What gets you excited and passionate enough to make this hour worth setting?

What are the consequences for hitting the snooze button or going to bed without achieving what you want?

What benefits could you gain from becoming more effective and maximizing your time?