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We are Born Rich!


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We are Born Rich!

  #1 (permalink)
 greenr 
london/england
 
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Hello Fellow Traders,

I am reading a book at the moment, I have attached a copy for you guys to read with me

The Title of the book is called "Born Rich"

It is a great book that claims to help you unlock and understand the power within

When i 1st started trading, i picked up on this game quick. i learnt all the technical’s, ideas and principle and started my trading journey off to a rather foolish quick start

1. I was very young at the time about 19 (5 years ago now)

2. I wanted to "Get Rich Quick"

I didn’t just get into trading just because of the MEGA yields of money available and the life style that comes with day trading. I did actually have a lot of passion for the markets and the financial economics the world

The one thing that crippled me and was SOOO frustrating was be in able to trade, understand trading and having a good method and rules. In SIM every day i would racking in thousands every day, my account grew from $5,000 to well over $100,000

But every time I went live, I would start off great. Follow my rules and watched the money flow in

UNTILL...........................

I started letting my emotion, fear and greed control my account

I would literally be blinkered from what i knew how to do well and instead started trading randomly, moving my stops leading to me blowing account after account after account!

Every time i went back to SIM i would be the master trader that i had learnt to be, and then as soon as I went back LIVE i would blow it again

I changed methods tried everything possible to man

I then realised that it was not the markets and not my methods by my inner being and mind

I then set about learning all the important stuff i never even thought about....i have read alot of books like this one. But apparently this book is a very good example of learning about your inner mind and thought process ect

I have learned a lot about my inner mind myself thought process, but I wish to learn more and master this under looked process in trading. Yes everyone knows fear, greed and emotion exist. But not a lot of people know how the inner mind works and why us humans think and do what we do

I want to read this book in detail and study it and I want other people to read it to and have a open discussion

What i have learnt in my 5-6 years of trading is, it’s easy to read something. But you will not truly perform and do what you need to do until you fully understand what you are reading

So......i have attached the book and i am currently on page 29

If anyone want to read this book, or have read this book and wish to have a open detailed discussion about the meaning and content of this book would be great

It will help the newest traders to the advanced trader’s I’m sure

It should not a disappointment

Over and out

Ryan

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #3 (permalink)
 
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 Big Mike 
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  #4 (permalink)
 greenr 
london/england
 
Experience: Advanced
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Big Mike View Post
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Mike

Hmmm sorry mike

Ok any one read this book or have this book that would like to disus the contens


" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Started this thread Reply With Quote
  #5 (permalink)
 
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 catdriver 
Hot Springs, Arkansas
 
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Hi Ryan,

Thanks for the heads up on the book. I went on Yahoo and looked it up and burned through it this weekend.
Boy, were you right. It spoke very directly to a lot of the troubles i am having.

I am a newer trader (less than a year experience) and while the more spiritual stuff in the book didn't speak to me, the latter chapters, particularly, "risk takers" "the vacuum law of Prosperity", and "razors edge" were very enlightening.

I thought chapter 8 "the razors edge", was the best, as I see my self on the wrong side of that edge. I have been at this long enough to know that the real secret or "holy grail", is not in some trick indicator or secret strategy, but between the ears of the trader. From my observation, I am my own worst enemy, but i also feel i am a hair, or 'razor's edge' from being a successful trader. I just need to harness my own mind (ie stop setting, target setting and trading patience) and force it to my will.

But some of the great quotes from the book will get me through the next few months while i am trying to hunt down a system of my own:

"persistance is to the character of a man as carbon is to steel"

and

"you will never hear of, read about, or see anyone who achieves anything of greatness if his or her own life, without first taking some kind of risk"......

Thanks a million for the suggestion and can't wait to hear your evaluation of the book

-mike

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  #6 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker: CQG, AMP, VK, Kinetick
Trading: CL/6E/TF/ES
Posts: 952 since Sep 2011
Thanks Given: 562
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catdriver View Post
Hi Ryan,

Thanks for the heads up on the book. I went on Yahoo and looked it up and burned through it this weekend.
Boy, were you right. It spoke very directly to a lot of the troubles i am having.

I am a newer trader (less than a year experience) and while the more spiritual stuff in the book didn't speak to me, the latter chapters, particularly, "risk takers" "the vacuum law of Prosperity", and "razors edge" were very enlightening.

I thought chapter 8 "the razors edge", was the best, as I see my self on the wrong side of that edge. I have been at this long enough to know that the real secret or "holy grail", is not in some trick indicator or secret strategy, but between the ears of the trader. From my observation, I am my own worst enemy, but i also feel i am a hair, or 'razor's edge' from being a successful trader. I just need to harness my own mind (ie stop setting, target setting and trading patience) and force it to my will.

But some of the great quotes from the book will get me through the next few months while i am trying to hunt down a system of my own:

"persistance is to the character of a man as carbon is to steel"

and

"you will never hear of, read about, or see anyone who achieves anything of greatness if his or her own life, without first taking some kind of risk"......

Thanks a million for the suggestion and can't wait to hear your evaluation of the book

-mike

Brilliant, so glad someone has finally played attention to my post and followed through with what’s necessary

Bit tied up at the moment, ill post some thoughts about the book tomorrow

Many thanks

Hopefully we can get a great thread started now


" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #7 (permalink)
kcorrigan
New York, NY
 
Posts: 5 since Mar 2012
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Very nice information. Thank you!!

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  #8 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker: CQG, AMP, VK, Kinetick
Trading: CL/6E/TF/ES
Posts: 952 since Sep 2011
Thanks Given: 562
Thanks Received: 1,280

Where shall we start then ladies and gents

I loved every chapter, just started again

on chatper 2

Need to drum and understand every page................but lost were to start the discussion

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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  #9 (permalink)
prasannabhandari
Bangalore, Karnataka, India
 
Posts: 3 since Apr 2012
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Hey Ryan,

Thanks for the info. bro I got the book on google and thinking to start reading it from tomorrow (sleepy now).

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  #10 (permalink)
prasannabhandari
Bangalore, Karnataka, India
 
Posts: 3 since Apr 2012
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"You Were Born Rich" by BOB PROCTOR ? Were u talking abt this book?

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Last Updated on May 17, 2012


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