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     vermante
Member
Username: vermante
Post Number: 326
Registered: 11-2002Rating: 
Votes: 4
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| | Friday, June 03, 2005 - 07:30 am: |  
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What is a want?
The following is an extract from a leading motivator
"A want is a desire. Whether or not we get what we want is often based upon the strength of our desires.
I know many will probably argue with this statement, but in some strange way, there is a part of me that truly believes that we all get what we want. If you really had a burning desire to change your reality, you would do it, right? Well, I’d like to think so.
Now if you’re convinced that it’s time you actually started wanting more, then allow me to share three simple but powerful secrets.
1. Know what you want.
If ever there was a personal development concept that was worth grasping it’s this one: know what you want. If you don’t know what you want, do you really believe that you have any chance whatsoever of getting it?
The sad reality of life is the fact that the majority of people in this world don’t know what they want. Even sadder is the fact that this is the way most people prefer it.
If you aren’t actively pursuing your own wants and desires, chances are that you will become a statistic of un-fulfilment. Always remember that your employer, government, financial institutions, family and peer groups will all be trying to shape your life according to their wants, not yours.
2. Ask for what you want.
Once you are clear about what it is you want, you’ve got to ask for it!
Can you imagine sitting in a restaurant, reading the menu, making your selection, but not telling the waiter? What are your chances of getting a meal? Pretty slim!
If you are clear about what you want, you need to start telling other people about your aspirations. When you do this, you will find that others will conspire to help make your dream a reality.
I’ve personally had countless experiences of people going out of their way to help me once I had let them know what I wanted.
3. Expect to receive what you want.
It is also very important that you start to develop the mindset where you just expect to get everything you ask for. When you set your brain a task or embed an expectation, it will naturally seek a favourable resolution.
To extend our restaurant example, once you’ve placed your order you create the expectation within your mind that you will get exactly what you want. If the waiter didn’t bring the meal you ordered, you’d naturally send it back and wait till they brought you what you asked for. Why not put this concept into practice in the other areas of your life? You’ll be pleasantly surprised by the results!
Success always has a price!
Once you have decided upon what you want, asked for it and established the expectation of receiving it, the only thing left for you to do is pay the price. Despite what many self-help gurus might have you believe, success will not come to you without sacrifice. Be very aware of what you are prepared to ‘pay’ in order to get what you want.
After all that, if your life still isn’t serving you the banquet that you want and deserve, just keep sending it back to the kitchen until it does!"
Cheers
Vermante
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holycow
Member
Username: holycow
Post Number: 1310
Registered: 08-2004Rating: N/A
Votes: 0
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| | Friday, June 03, 2005 - 09:26 am: |
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Persistence
Nothing in the world can take the place of persistence.
Talent will not;
nothing is more common than unsuccessful men with talent.
Genius will not;
unrewarded genius is almost a proverb.
Education will not; the world is full of educated derelicts.
Persistence and determination are omnipotent.
~ Calvin Coolidge
"The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather in a lack of will."
-- Vincent T. Lombard
HC
"... if you've got a chart, I have an opinion!"
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spider
Member
Username: spider
Post Number: 2484
Registered: 10-2002
Rating: N/A
Votes: 0
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| | Friday, September 15, 2006 - 07:19 pm: |
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When you get a minute, go to the top of the page and re read the two posts.
Magic.
Too often we overlook the power of the words we use in everyday life.
spider.
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scalper
Member
Username: scalper
Post Number: 123
Registered: 03-2003Rating:
Votes: 1
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| | Saturday, September 16, 2006 - 10:51 am: |
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Spider, Have this bronze plague mounted above my monitors.
It's all in the mind
If you think you are beaten, you are
If you think you dare not, you don't
If you like to win, but don't think you can
It's almost certain you won't.
If you think you'll lose, you've lost
For out in the world you'll find
Success begins with a fellow's will
It's all in the state of mind.
If you think you are outclassed, you are
You've got to think high to rise
You've got to be sure of yourself before
You can ever win a prize.
Life's battles don't always go
To the stronger or faster man
But sooner or later the man who wins
Is the man who thinks he can.
That's my edge in the markets, beats any moving average, RSI, MACD, back testing, forward testing, or any array of the other million indicators or price patterns.
It has also been read everyday for the last 5 months while persisting with the banks in a financing package for the trading business.
For some unknown reason they just don't see the same picture as me, however that has not stopped me, and i will win and on my terms, because i believe in my picture and vision 101%
}
Cheers
Scalper
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msparks
Member
Username: msparks
Post Number: 698
Registered: 10-2004
Rating: N/A
Votes: 0
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| | Saturday, September 16, 2006 - 07:32 pm: |
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Hi Scalper
Like most things, it is all in the mind.
Let me understand this,
You are getting a loan off a bank, applied for as a business (Trading), with cashflow and historical profit and loss, tax returns,business plan, risk management strategy etc, and they won't loan you the money ?
Perhaps try the NAB, they had some traders with unlimited resources and no plan at all.  Didn't worry them too much, they did not even supervise that business.
Remind the bank it could be worse, you could be a farmer, or a homeowner who borrowed 95 percent and accidently got pregnant or worse, got divorced.
Or a NSW state Govt who are broke because they spend more than they earn and expect everyone else to pay for their mistakes!!!( i was going to say they "piss it up the wall" but that would be too crude, right ! )
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ohkoolnutz
Member
Username: ohkoolnutz
Post Number: 294
Registered: 10-2005
Rating: N/A
Votes: 0
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| | Sunday, September 17, 2006 - 03:12 pm: |
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I'd like to hear more about this loan and the business. Are you needing a loan for yourself or your clients? Are you trying to sidestep having to use margin?
In of itself trading requires a broadband connection, hardware, software, library, financial management accountability and a working environment to create and execute strategy. Why do you need the loan? Is it so you can from the first year of operation offset revenue against liabilities? Is it so you won't have trouble convincing the tax office that you are a business?
---
ohk
Lies, Damn Lies and Technical Analysis
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chriso
Member
Username: chriso
Post Number: 59
Registered: 04-2004Rating: N/A
Votes: 0
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| | Sunday, September 17, 2006 - 07:19 pm: |
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Thankyou for bringing the two posts back to our attention Spider. Vermantes post is great, i like the bit about other people shaping you into their wants. Reading that brings back focus to trading and why i like the individuality and self acceptance of the art of trading.
Chris
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scalper
Member
Username: scalper
Post Number: 124
Registered: 03-2003Rating: N/A
Votes: 0
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| | Monday, September 18, 2006 - 09:13 am: |
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Msparks,
Seems like we think on the same level, are you good for the loan.
Ohkoolnutz,
The loan is for a registered business that deals primarily in the share trading game. Trading not investing.
Never sidestep the use of margin, it's a beautiful thing.
The reason for the loan is the same as any business, money makes money if you have the right idea, business plan and correct execution.
If you can't afford the repayments on your returns, maybe your returns are not higher enough to justify the business in the first place.
Most businesses, (unless handed down via family) operate via finance, or security in place, why should we treat trading any different.
IF we are scared by the finance aspect, do we have full confidence in what we are undertaking. It's the same as any business risks are attached, but hopefully we have analysed the situation enough for them to be classed as calculated risk, and the return is high enough for that to be acceptable.
Return, does not always mean financial, by undertaking finance it allows me to pursue this endeavour, without it i might be waiting another 20 yrs before i saved up enough capital.
Its the same as buying a house, we don't wait until we have the full amount, we borrow and take on a level of acceptable risk.
Cheers
Frustrated Scalper
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moleman
Member
Username: moleman
Post Number: 207
Registered: 10-2003Rating: N/A
Votes: 0
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| | Monday, September 18, 2006 - 10:39 am: |
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Hi Scalper
A couple of weeks ago I went to a seminar that dealt with finance for property investors. The guy discussed unusual techniques including using debt to pay off debt and 85% no doc loans with the money coming from the bond market. It was for property and not what you're after but being creative he may be able to help you, or at least tell you the name of a company that could introduce you to respectable non-traditional lenders. The website is www.investorsdirect.com.au
cheers
MM
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scalper
Member
Username: scalper
Post Number: 125
Registered: 03-2003Rating: N/A
Votes: 0
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| | Monday, September 18, 2006 - 10:57 am: |
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Moleman
Thanks for help.
Didn't really intended to turn this thread into my want. Perhaps a thread on business/finance in the future.
Not really a fan of mortgage brokers, and can but do not have any intention in getting low doc loans, they have been offered.
Low doc's serve a purpose, but you are tainted for future finance, as why did you need it in the first place, and the ATO love to have a look at the people using them.
Have nothing to hide, however do not wish to have to explain my finances with them.
In due course will let you know how i go.
cheers
Scalper
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peterloh
Member
Username: peterloh
Post Number: 2052
Registered: 03-2003Rating: N/A
Votes: 0
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| | Wednesday, September 20, 2006 - 06:43 pm: |
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scalper,
I have used margin lending for a very long time.If you had been trading before they used online brokers etc, we were paying 2-3% brokerage for a trade.Before there were on line trading my rate came down to half a percentage point which was supposed to be low because of the volume .So the cost of holding and the brokerage cost added up to be a substantial amount.I look at it as part an parcel of business.In 2003, I saw it as an opportunity to increase the scale, so I mortgaged some properties and used the funds for trading.Many people look at it as a risky venture, so the banks are no different. We need to produce a track record for success before they even take a look in. Many businesses failed in their first year, so share trading is no different.
Nowadays the banks are easier, that they allow low doc or no doc loans. In other words, we no longer need to substantiate our income. For the additional risk we need to pay a premium for it, which is a higher interest cost and mortgage insurance.
In the past I have used personal loan/line of credit(high interest) to finance a short term trade. It did not always turn out right, but at the time I thought it was very likely that it would take off.My experience was, the pressure was too great, if it did not go up instantly, and if I sell it early I incurred an immediate loss.Nowadays, I still indulged my self in this short term trading,but overall the success of my trading is mainly based on the discipline,well researched long term approach of buying value shares.Fallen angels of good quality are my favourites as I hate chasing momentum shares.So shares go up short term are of interest, and my main job is to ensure that they can go a long way, that is to turn it into a long term trade.
Using borrowing to finance trading is not for everyone.There need to be a certainty of success otherwise we lose the borrow money and the asset we owned.I diversify my portfolio to reduce my risk and the research that goes with it.As it is a business I am not so concern with the success or failure of each individual trade but the bottom line. I also look for shares that pay a dividend so that at least I get some return and if I have to wait for it to work out. sometimes they do not turn out as expected, but I have patience to give it time to work out.In June I always have to sell shares for the purpose of offsetting my capital gain and deferred realising my profit making shares unless I absolutely have to, or it is not going the right way.You must always have a trading plan and a strategy.
What do you wish to know?Does the above help you to understand the issues abit more?.My philosophy in life is to made my equity work harder for me.Many people in general are adversed to borrowing money to go into trading in particular and business in general.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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captain_chaza
Member
Username: captain_chaza
Post Number: 2162
Registered: 02-2003Rating: N/A
Votes: 0
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| | Wednesday, September 20, 2006 - 07:30 pm: |
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Ahoy Officer St Peter
Have you ever tried Buying NAB shares and getting an overdraft to do so from the NAB itself based on their current $value?
Have you ever tried Buying CBA shares and getting an overdraft to do so from the CBA based on their current $value
I was always told I had better equity in my house and that was the way to go!!!
Salute and be well
PS LOL!!!
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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julles
Member
Username: julles
Post Number: 1733
Registered: 01-2003
Rating: N/A
Votes: 0 | |
