"Maslow's hierarchy is most often displayed as a pyramid. The lowest levels of the pyramid are made up of the most basic needs, while the most complex needs are at the top of the pyramid.
This hierarchy suggests that people are motivated to fulfill basic needs before moving on to other, more advanced needs."
For several months now I've been busy with a project that hopefully would become a game-changer in the trading community. I haven't quite figured a way to express everything in words without sounding like a passionate madman. But In a nutshell, it's a project for traders where all the levels of Maslow's wonderful pyramid would be hit! And the best part of it? It's a win-win for everyone.
If you've been lurking or participating in the trading community for a while, you know how toxic it can get. It's like Marie Curie and the discovery of radiation.
For those of you who skipped science class, spoiler alert:
It doesn't end well.
It's an ambitious project that will take time and require everyone participating to cooperate. This will be me and my team's legacy to the trading community. And we are going to make sure this will be a success.
Wait for it next year.
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I know some of you aren't here for my ramblings, and it's been a while since I last contributed to the trading community in terms of ZFTs technical and psychological wisdom, also tips and tricks especially now that our market is acting like trash.
Well, let me share to you one of the many sessions that I do with my Masterclass. Btw, For those who are still thinking of applying, click here. This will probably be my only batch for 2020 as I will be focusing my time on The Trading Republic.
Enjoy and don't forget to take down notes and watch in HD.
If you still haven't opened an account for Global Trading,
You can practice using a virtual account or go trade directly using their platform. They have a CopyTrade feature as well if either you're a good trader looking to build capital and manage funds - without managing funds directly and exposing yourself to risk, but reaping the benefits of profit-sharing, or if you have the capital but just want other people to trade for you because of some reason.
For the Trading Journal, Edgewonk
You can have a 30USD Discount with this code : vitaminC
Having a journal is extremely important especially when you're planning to be a professional in this industry. The best thing about Edgewonk is that they have created a journal that's top of the line and can be customizable according to your needs. A bit pricey but that's a one time fee and you'll get it forever - no more subscriptions.
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2019 has been such a forming year for me. Not much as a trader, but as a person who has embraced the realities of life. I've always mentioned that I am an idealist. I still am. I think.
If I would give my younger self advice, this would be it:
Five things :
1. "Charisma without character is postponed calamity." --Peter Ajisafe
Be careful who you trust, specially those who make it their job for you to like them. Fidelity created by money will be broken for money. On Sunday church I learned, there are two sacrifices.
Sacrifice that benefits the self, and sacrifice that benefits others. The road between the two will eventually diverge. Wish them well and walk your own with the people who shares your vision. There are only a few self-sacrificing people, and that is fine, because you will attract one another.
2. Life isn't fair - and it never will be. Don't rely on the government, your friends, not even your family. Rely only in God and take ownership of your life. Don't play the victim.
3. When choosing your circle, it should always be character over skill - because skills can easily be taught, but character? That's priceless.
Surround yourself with people you want to be influenced from. It is inevitable that they will. Be very strict about whose character and energy you engage with. Their negativity, drama, toxicity is a strong force. Even just one can poison an entire well from which everyone drinks from.
There is no lack in this world, cut them off, so the right ones can occupy the space they are contaminating.
4. Be part of the solution, never the problem. Nobody likes people who play the blame game and whine. Have you ever seen someone you respect who nests in negativity and complaints?
If you get burned in a trade, you deserve it. But what you do after that is going to be the make or break of who you will become.
5. Finally, embrace pain. You don't have to seek it out, but when it comes, look at it objectively and learn from it. Nobody likes it but pain is necessary for growth.
The sooner you accept these truths, the easier life will be.
But this shouldn't be an excuse to not raise your standards. Always set the bar high but lessen your expectations - I promise you, you'll be happier.
Idealism is good. Everyone should have it in order to build a better future, but we need an equal amount of realism to survive the journey. Seek balance.
As with anything in life, if you want to have the right things, then build the right foundations. And no I'm not just talking about skill, I'm talking about character and integrity. You can't properly reach the "Top" of the path of that which you choose if the foundation you built is weak.
Success isn't always what you see.
Always choose substance over form.
1st! Thank you boss!
ReplyDeleteThanks boss. Love it.
ReplyDelete“There are dreamers and there are realists in this world. You'd think the dreamers would find the dreamers, and the realists would find the realists, but more often than not, the opposite is true.
See, the dreamers need the realists to keep them from soaring too close to the sun.
And the realists?
Well, without the dreamers, they might not ever get off the ground.”
― Modern Family
Saw that episode. Loved that.
DeleteThis was when they are on the football field. Love this episode too.
DeleteHai Zee, is it an online course ? how much is the cost ? thanks and looking forward to hear from you
ReplyDeleteWhich one? Masterclass? All details on the link.
DeleteWhat's your take on compounding your capital by trading? I read this
ReplyDelete"When you are a technical trader or you use TA to trade stocks COMPOUNDING is a moron's strategy. I will explain. Compounding is yung kunyare capital mo is 100k kumita ka ng 10% that would make your money 110k. E trade mo ulit kumita 5% so 115500 pesos na pera mo. So on and so forth until maging billionaire ka. Sa real fundamentalist compounding works as we have Warren Buffet as a great example. Now balik tayo sa mga gumagamit ng TA sa pag trade.The chances of a technical trader to keep compounding his/her money to riches is next to zero. You will encouter losses along the way and it will eat up your profits if you keep re investing your money back to your trading account."
Medyo nalilito na ako kung ano ba talaga eh. Thank you
What are your personal thoughts about it? Mahirap if you read and don't have your own take on things.
DeleteNow that you've mentioned lolo warren, here's a question for you and me esp Kung sino man nag share nyan sayo : Since he's saying that "real fundamentalist compounding works as we have Warren Buffet as a great example..." in the years that lolo warren shared his wisdom in investing, why isn't there another Warren Buffet story in our Country?
Done reading all your blogs. Daming learnings. Thank you Zee Freaks!
ReplyDeleteTime to apply what i learn and test the waters this coming 2020
ReplyDeleteBoss Zee, pwde pa bang mag avail ng blueprint? Pano? Thanks.
ReplyDeleteThank you sir zee for inspiring and motivation in trading i started in trafimg 6months ago my port ar in loss i tradein small amount just handle what i feels my emotion if i loss
ReplyDeleteSo now i need to improve my trading n4 i always hype and chasing the price.