Attitude Trader

>> Definitions/Acronyms

50%: 50% of measured range.
AZ: Ambush Zone - 50%-61.8% retracement area
BE: Breakeven
FE: Fibonacci Extension (127.2% and/or 138.2%)
HOD: High of Day
LOD: Low of Day
Mid: 50% of measured range.
MM: Measured Move
NC: Naked Close aka Gap - previous unfilled close
O/N: Overnight
OR: Opening Range - I measure the first 30 minutes
ORH: Opening Range High
ORL: Opening Range Low
PA: Price Action
RTH: Regular Trading Hours
RZ: Resistance Zone - 38.2%-61.8% retracement area
SPADD: My S&P breadth (Adv/Dec) indicator
YC: Yesterday's Close
YH: Yesterday's High
YL: Yesterday's Low
YR: Yesterday's Range

"The most valuable skill or talent that you could ever develop is that of directing your thoughts toward what you want—to be adept at quickly evaluating all situations and then quickly coming to the conclusion of what you most want—and then giving your undivided attention to that. There is a tremendous skill in deliberately directing your own thoughts that will yield results that cannot be compared with results that mere action can provide."

- Money, and the Law of Attraction - Abraham-Hicks

What's true in sports is also true in our business and personal lives. There is only a fractional difference between winners in life and those who merely exist.

The difference is attitude under pressure.

It's the winner's edge. The Edge is not a gifted birth. The world is full of wasted talent. The Edge is not academic degrees. Education is important, but the world is full of educated misfits. The Edge is not luck. If it were, Las Vegas would be a ghost town. The Edge is not capital. Many of today's self-made, multi-millionaires started building their fortunes with under $5,000.

The Edge is all attitude.

Attitude, not aptitude, is the criterion for success."

- Denis Waitley, Seeds Of Greatness

"Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative (and creation) there is one elementary truth the ignorance of which kills countless ideas and splendid plans: that moment one definitely commits oneself, then Providence moves too.

All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one’s favor all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamed would come his way.

Each indecision brings its own delays and days are lost lamenting over lost days...What you can do or think you can do, begin it. For boldness has magic, power, and genius in it."

- Johann Wolfgang von Goethe

Sunday, January 27, 2013

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