Discipline without being committed will not get you anywhere.
What is commitment?
There are many beautiful words explaining the meaning of the word in the dictionary. But in real life…
To the boxer who is getting off the floor one more time than they've been knocked down
To the tennis player is hitting the ball one more time than their opponent
To the Marine, is going over the hill not knowing what is on the other side
To the runner is running another ten miles when their feet are blistering and there is no strength left
To the single parent is playing with the child after working sixteen hours and not sleeping
To the missionary who is leaving behind all the comforts of life to make it better for others
To us common mortals it is sacrificing for others and all that and more because there are others that depend on us
What is it to traders?....I would like for you to fill the blanks, because it means something different for everyone.
A commitment is a binding pledge that obligates you to assume a position or carry out a set course of action. Commitment gives you a script for how to handle things when times get tough. And make no mistake, everyone feels like quitting at one time or another. Unfortunately most people quit when they feel like quitting, which is why they seldom succeed at anything.
Commitment starts in the heart. Some people want everything to be perfect before they commit themselves to anything. Commitment always precedes achievement/success.
Michael Jordan once said "heart is what separates the good from the great.” If you want to succeed or make a difference in life first and foremost look into your heart and ask yourself if you are really committed.
It is great talking about commitment, isn’t it? One thing is talking about it and it’s another to do something about it. The only measure is action! Nothing is easier than words. It gets harder living them day after day. The most important thing is following through our commitments.
Commitment opens the door to success. There will be lots of challenges, and there will be times your determination and commitment are the only things that carry you towards your goals.
Commitment is the enemy of resistance, it is the promise to carry on, to get up, no matter how many times you have been knocked down, missed on trades or lost on trades.
There are people without goals and commitment.
There are people who are not sure if they can achieve their goals so they are afraid to commit.
There are people who start but quit when it gets tough.
There are people who set goals, make plans, commit to them, and pay the price to achieve them (This is not meant for trading only. Reflect on life)
What type of person are you?.... Fill in the dots.
Here is what you can do to begin working on it.
Measure it. Sometimes we think we are committed to something, yet it is not reflected in our actions. Go on your google calendar and tally up how you spend your time during a month. How much at work? With family?Loved ones? How much time is dedicated to health? How much time planning? How much time chart, analyzing, backtesting, etc...
They are all true measurements of your commitment.
Know what is worth dying for (figuratively). Ask yourself if it came down to it, what in life you would not be able to stop doing, no matter what the consequences were?
Write it down and meditate on it. Do your actions match your ideals?
Abraham Lincolns said “Commitment is what transforms dreams into reality; commitment is stuff a character is made of; the power to change the face of things.”
Discipline + Commitment (Focus + Competence)= Improvement/ Growth.
Trade safely with commitment.
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