Aim for orbital change in 2012
Making real progress in life or trading or relationship or career is like a orbit jumping process.
Your task is to jump from lower orbit level to next higher orbit level in terms of success. The more orbits you can jump better is life for you.
If your objective is to jump orbits in trading then, \you will need to put in efforts to enhance your understanding of markets, market history, market setups, trading methods, market timing tools, vehicle selection tools and so on.
If your objective is to jump orbits in terms of your earnings power in career then you need to put efforts to enhance your skills and knowledge sets. You need to build competencies which will dramatically alter your earnings potential. Unless you try to jump orbits your earnings will not rise dramatically. At regular rates of salary hikes you are unlikely to end up with dramatically different earnings potential in 10 or 15 years from today. But if you put efforts in climbing the orbits you will have unimaginable earnings potential. In my first job my salary was 36000 Indian rupees per year. After jumping 4-5 orbits in 12 years it went up to 4000000 plus top of the line perks I had never imagined that was possible when I started out.
Same way if you are in a business and built a small successful business, unless you make orbital change you will continue to be in same orbit in terms of your earnings potential. From a 2 million business if you can jump to 20 million orbits then the fun and view is different. Too many small businesses get stuck in orbits for years and some steadily lose momentum and in fact go down to lower level orbits.
In your personal effectiveness and personal relationships also it is the same thing. If you want to enhance your personal effectiveness you need to develop leadership skills. You need to develop skills in managing people better. You need skills in self evaluation. All these areas of skills are easy to acquire once you decide to build them.
Certain amount of energy and effort is required to jump from one level to the next.Orbital changes are not small incremental changes. "Orbital changes" are changes which push you in to next level of orbit in terms of success or competency or earnings potential.
These are very significant changes, requiring changing major set of beliefs and assumptions and freezing that new change and belief. Unless your current beliefs and assumptions completely change and are in tune with the new orbit you want to go to you will find dramatic changes are difficult. Our current way of thinking and doing keeps us in current orbits. In addition many times our relationship, friend circle, relatives, co workers often actively work to keep us in current orbit or pull you down in lower orbits.
We are constantly subject to gravitational force which tends to either keep us in same orbits or pulls us down. We acquire bad habits, we become lethargic, we get in to wrong social circles or sometime we self sabotage our own effort and progress. So we really need herculean effort to break away from the orbit.
When the shuttle is launched in space 80 to 90% or more of the fuel is spent in first few minutes during the take off phase. Once the take off is successful only the remaining 10% fuel required to keep the shuttle in its orbit. And very little fuel is required for it or return journey.
Same way if you want to jump orbits, you need significant effort at beginning. You need 90% plus effort in short concentrated period of time to jump to your own intended orbit , be it related to trading, career or personal happiness.
Small progress is easy. Significant progress is difficult. If you want dramatic change in your life or trading , you need to change your current set of beliefs, assumptions and world view dramatically. You need to put above your current capacity kind of efforts to thrust yourself out of current orbit.
When the shuttle is launched only few people travel in it, but hundreds and often thousands of people are on ground supporting that mission. Same way if you want to thrust yourself in to next orbit, you need support team that will ensure that everything aligns to make your flight successful. To jump orbits you need to build your support team.
If you want orbital change in your life then not just one or 10 things need to change but 1000's of things need to change.
"Orbital changes" require change in your mental models. Mental model is a psychological concept about how our mind works. Mental models are deeply held mental images, beliefs, and assumptions. The mental models play a very important role in dealing with world around us.
We interpret the world according to our mental models. Mental models are coping mechanism for the complexity around us. So we simplify the world around us and form certain beliefs and assumptions about the world.
This creates our own inner world. Our own interpretation of how the world works. That reality we create is based on "assumptions and beliefs", it is not necessarily based on logic or scientific fact. Two people with different mental models react and interpret same data and same situations differently. Mental models include what a person thinks is true but not necessarily what is actually true.
Your current mental model drives all your behavior. If your current mental model is say that to manage this business I need to be hands on, a manager will not be able to do what I do, then you will be limited by your mental model. I talk to many small business owners and many of them have this kind of mental model. They can not imagine a manager or some other person can take up the job they currently do and then that will allow them to take up bigger things to do or will allow them to expand their business. You will find this kind of mental model is very common in many small businesses. That mental model stops them from going to next orbit.
If you want to understand mental models study religion or marketing. All religions are based on mental models. Similarly most marketing efforts are based on very deep understanding of mental models.
The mental models are extremely easy to understand in the context of religion. All religions basically manipulate the mental model of followers (followers do not see it that way). Once you start "believing" in a religion, world get simplified, because you adopt a mental model. If you study the religious indoctrination practices you will see there is great emphasis on “acceptance”. Once you “accept” certain religious figure then you assume that mental model.
So hard core believers in any religion be it Christianity, Judaism, Islam, Buddhism, Hinduism, Taoism or any other "ism" hold many irrational beliefs. More than that their behavior flows from their mental model. That is why people do extreme things, kill and torture people, punish themselves once they become believers. And they do it willingly.
Religious leaders understand this very well and if you study religion very closely and the tools they use, you will see how the religious pyramid scheme is like Amway, designed to indoctrinate and reinforce everyday and every moment a certain mental model.
Marketers and advertisers also manipulate your mental models to make you do certain things. That is why you grab a Coke instead of glass of water when you are thirsty or drive 30 miles to a mall because it has a 50% off sale or your riot for new pair of shoes.. Marketers add value to the product which does not exist in the product itself. And how do they do it? By changing your beliefs and assumptions .
Successful leaders also manipulate mental models. Leaders change followers mental models.
Followers cannot do it on their own, that is why they follow a leader. The entire process involved in leadership is about changing followers mental model through communication. That is why you will broadly find two types of leaders, the ordinary leaders and the transformational leaders.
Ordinary leaders are like marketers, they just study the existing mental models of followers and reinforce certain things in it, or talk about things that followers want to hear. They understand trying to change the mental models significantly is risky and will require tremendous effort.
The transformational leaders do the difficult task of creating a entirely different mental model in their followers. They bring about radical change. They are real visionary.
Because people are uncomfortable in making radical or "orbital change" , in most cases they choose safer leaders. If you want to aim for orbital changes then you need to look for visionary leaders or disruptive leaders. Better still you need to become your own leader.
While we aspire and hope for transformational leadership, when it comes to actually choosing them, we don't want to go through the effort of changing our mental model , and we choose safe leaders. Politicians know this very well and so they calibrate their message very carefully to promise enough change but not radical change.
You need to change your mental model
From a practical perspective, on individual level, if you want to change your life, you need to change your mental models.
If you want dramatic change in your life, you need to change your current set of beliefs, assumptions and world view dramatically.
That is what most people at beginning of new year want to do , so they make resolution .
Resolution is intention, but to achieve the intention not just one or 10 things need to change but 1000's of things need to change.
But because our mental models are hard coded and we have built entire structure to reinforce them, change is difficult.
Once the mental models get hard coded, it is difficult to change it.
The reason for it is cognitive dissonance.
To launch yourself in next orbit you need extra ordinary effort and mental model change. Self directed orbital change is difficult. You are constantly fighting your basic tendencies and get prone to gravitational force of your current assumptions and beliefs.
If you understand this, you will find that most of the time "orbital change" is precipitated by some extraneous event or major change in life situation. Significant loss in trading account leads people to question their basic assumptions and incorporate new methods or rules. A significantly profitable year or period can lead you to pick up new mental model. If you study the history of successful traders you will find the role played by such event catalyst.
In your personal life also event catalyst are very powerful motivation for orbital changes. A death on near or dear one leads to change. A divorce leads people to question long held beliefs and assumptions and then they make orbital changes to build better life afterward. For a troubled teenager a interaction with highly successful leader or mentor changes your beliefs and you go on to do something with your life. A disease, surgery, treatment experience leads to change.
Change in geographical location leads to change (especially true of small town people going in to large towns). Everything changed for me when I migrated from India to USA. You fall under the charm of extremely influential person, teacher, mentor or boss. You handle a very big assignment, which was beyond your capabilities.
Self directed mental model change is the key.What you are interested is self directed change in mental models. If we want to do it as a self directed process , you need some sort of template. It is easier to accomplish some of these things in facilitated encounters. Successful people in all walks of life have the capacity to change and reinvent their mental models several times during their lifetime.That is why they continuously keep moving in to new orbits
Mediocre people in most walks of life get stuck with a mental model and spend their entire life in a orbit, never managing to climb to next orbit.
If your trading or life is stuck in orbit it is time to aim for orbital change. Do not just do incremental changes but do dramatic changes. Try and jump couple of orbits in your trading career or in your personal career or in business. as a stockbee member you have access to lot of successful traders who have jumped orbits. You have the infrastructure and team which can support you in your effort. You have problem with scans, setups, software, stops, risk management, market history, or you name it and there are enough people in the stockbee member community to help and support you. The amount of intellectual firepower and experienced fire power and resources you have at your disposal amongst the 1000 plus stockbee members is something which you can use to jump your orbits.
Same way there are hundreds of people here who have jumped many orbits in their career or personal life and they can help you jump orbits in your own life.
Time to launch your trading career and life in to next orbit in 20112
Happy new year everyone !
Your task is to jump from lower orbit level to next higher orbit level in terms of success. The more orbits you can jump better is life for you.
If your objective is to jump orbits in trading then, \you will need to put in efforts to enhance your understanding of markets, market history, market setups, trading methods, market timing tools, vehicle selection tools and so on.
If your objective is to jump orbits in terms of your earnings power in career then you need to put efforts to enhance your skills and knowledge sets. You need to build competencies which will dramatically alter your earnings potential. Unless you try to jump orbits your earnings will not rise dramatically. At regular rates of salary hikes you are unlikely to end up with dramatically different earnings potential in 10 or 15 years from today. But if you put efforts in climbing the orbits you will have unimaginable earnings potential. In my first job my salary was 36000 Indian rupees per year. After jumping 4-5 orbits in 12 years it went up to 4000000 plus top of the line perks I had never imagined that was possible when I started out.
Same way if you are in a business and built a small successful business, unless you make orbital change you will continue to be in same orbit in terms of your earnings potential. From a 2 million business if you can jump to 20 million orbits then the fun and view is different. Too many small businesses get stuck in orbits for years and some steadily lose momentum and in fact go down to lower level orbits.
In your personal effectiveness and personal relationships also it is the same thing. If you want to enhance your personal effectiveness you need to develop leadership skills. You need to develop skills in managing people better. You need skills in self evaluation. All these areas of skills are easy to acquire once you decide to build them.
Certain amount of energy and effort is required to jump from one level to the next.Orbital changes are not small incremental changes. "Orbital changes" are changes which push you in to next level of orbit in terms of success or competency or earnings potential.
These are very significant changes, requiring changing major set of beliefs and assumptions and freezing that new change and belief. Unless your current beliefs and assumptions completely change and are in tune with the new orbit you want to go to you will find dramatic changes are difficult. Our current way of thinking and doing keeps us in current orbits. In addition many times our relationship, friend circle, relatives, co workers often actively work to keep us in current orbit or pull you down in lower orbits.
We are constantly subject to gravitational force which tends to either keep us in same orbits or pulls us down. We acquire bad habits, we become lethargic, we get in to wrong social circles or sometime we self sabotage our own effort and progress. So we really need herculean effort to break away from the orbit.
When the shuttle is launched in space 80 to 90% or more of the fuel is spent in first few minutes during the take off phase. Once the take off is successful only the remaining 10% fuel required to keep the shuttle in its orbit. And very little fuel is required for it or return journey.
Same way if you want to jump orbits, you need significant effort at beginning. You need 90% plus effort in short concentrated period of time to jump to your own intended orbit , be it related to trading, career or personal happiness.
Small progress is easy. Significant progress is difficult. If you want dramatic change in your life or trading , you need to change your current set of beliefs, assumptions and world view dramatically. You need to put above your current capacity kind of efforts to thrust yourself out of current orbit.
When the shuttle is launched only few people travel in it, but hundreds and often thousands of people are on ground supporting that mission. Same way if you want to thrust yourself in to next orbit, you need support team that will ensure that everything aligns to make your flight successful. To jump orbits you need to build your support team.
If you want orbital change in your life then not just one or 10 things need to change but 1000's of things need to change.
"Orbital changes" require change in your mental models. Mental model is a psychological concept about how our mind works. Mental models are deeply held mental images, beliefs, and assumptions. The mental models play a very important role in dealing with world around us.
We interpret the world according to our mental models. Mental models are coping mechanism for the complexity around us. So we simplify the world around us and form certain beliefs and assumptions about the world.
This creates our own inner world. Our own interpretation of how the world works. That reality we create is based on "assumptions and beliefs", it is not necessarily based on logic or scientific fact. Two people with different mental models react and interpret same data and same situations differently. Mental models include what a person thinks is true but not necessarily what is actually true.
Your current mental model drives all your behavior. If your current mental model is say that to manage this business I need to be hands on, a manager will not be able to do what I do, then you will be limited by your mental model. I talk to many small business owners and many of them have this kind of mental model. They can not imagine a manager or some other person can take up the job they currently do and then that will allow them to take up bigger things to do or will allow them to expand their business. You will find this kind of mental model is very common in many small businesses. That mental model stops them from going to next orbit.
If you want to understand mental models study religion or marketing. All religions are based on mental models. Similarly most marketing efforts are based on very deep understanding of mental models.
The mental models are extremely easy to understand in the context of religion. All religions basically manipulate the mental model of followers (followers do not see it that way). Once you start "believing" in a religion, world get simplified, because you adopt a mental model. If you study the religious indoctrination practices you will see there is great emphasis on “acceptance”. Once you “accept” certain religious figure then you assume that mental model.
So hard core believers in any religion be it Christianity, Judaism, Islam, Buddhism, Hinduism, Taoism or any other "ism" hold many irrational beliefs. More than that their behavior flows from their mental model. That is why people do extreme things, kill and torture people, punish themselves once they become believers. And they do it willingly.
Religious leaders understand this very well and if you study religion very closely and the tools they use, you will see how the religious pyramid scheme is like Amway, designed to indoctrinate and reinforce everyday and every moment a certain mental model.
Marketers and advertisers also manipulate your mental models to make you do certain things. That is why you grab a Coke instead of glass of water when you are thirsty or drive 30 miles to a mall because it has a 50% off sale or your riot for new pair of shoes.. Marketers add value to the product which does not exist in the product itself. And how do they do it? By changing your beliefs and assumptions .
Successful leaders also manipulate mental models. Leaders change followers mental models.
Followers cannot do it on their own, that is why they follow a leader. The entire process involved in leadership is about changing followers mental model through communication. That is why you will broadly find two types of leaders, the ordinary leaders and the transformational leaders.
Ordinary leaders are like marketers, they just study the existing mental models of followers and reinforce certain things in it, or talk about things that followers want to hear. They understand trying to change the mental models significantly is risky and will require tremendous effort.
The transformational leaders do the difficult task of creating a entirely different mental model in their followers. They bring about radical change. They are real visionary.
Because people are uncomfortable in making radical or "orbital change" , in most cases they choose safer leaders. If you want to aim for orbital changes then you need to look for visionary leaders or disruptive leaders. Better still you need to become your own leader.
While we aspire and hope for transformational leadership, when it comes to actually choosing them, we don't want to go through the effort of changing our mental model , and we choose safe leaders. Politicians know this very well and so they calibrate their message very carefully to promise enough change but not radical change.
You need to change your mental model
From a practical perspective, on individual level, if you want to change your life, you need to change your mental models.
If you want dramatic change in your life, you need to change your current set of beliefs, assumptions and world view dramatically.
That is what most people at beginning of new year want to do , so they make resolution .
Resolution is intention, but to achieve the intention not just one or 10 things need to change but 1000's of things need to change.
But because our mental models are hard coded and we have built entire structure to reinforce them, change is difficult.
Once the mental models get hard coded, it is difficult to change it.
The reason for it is cognitive dissonance.
To launch yourself in next orbit you need extra ordinary effort and mental model change. Self directed orbital change is difficult. You are constantly fighting your basic tendencies and get prone to gravitational force of your current assumptions and beliefs.
If you understand this, you will find that most of the time "orbital change" is precipitated by some extraneous event or major change in life situation. Significant loss in trading account leads people to question their basic assumptions and incorporate new methods or rules. A significantly profitable year or period can lead you to pick up new mental model. If you study the history of successful traders you will find the role played by such event catalyst.
In your personal life also event catalyst are very powerful motivation for orbital changes. A death on near or dear one leads to change. A divorce leads people to question long held beliefs and assumptions and then they make orbital changes to build better life afterward. For a troubled teenager a interaction with highly successful leader or mentor changes your beliefs and you go on to do something with your life. A disease, surgery, treatment experience leads to change.
Change in geographical location leads to change (especially true of small town people going in to large towns). Everything changed for me when I migrated from India to USA. You fall under the charm of extremely influential person, teacher, mentor or boss. You handle a very big assignment, which was beyond your capabilities.
Self directed mental model change is the key.What you are interested is self directed change in mental models. If we want to do it as a self directed process , you need some sort of template. It is easier to accomplish some of these things in facilitated encounters. Successful people in all walks of life have the capacity to change and reinvent their mental models several times during their lifetime.That is why they continuously keep moving in to new orbits
Mediocre people in most walks of life get stuck with a mental model and spend their entire life in a orbit, never managing to climb to next orbit.
If your trading or life is stuck in orbit it is time to aim for orbital change. Do not just do incremental changes but do dramatic changes. Try and jump couple of orbits in your trading career or in your personal career or in business. as a stockbee member you have access to lot of successful traders who have jumped orbits. You have the infrastructure and team which can support you in your effort. You have problem with scans, setups, software, stops, risk management, market history, or you name it and there are enough people in the stockbee member community to help and support you. The amount of intellectual firepower and experienced fire power and resources you have at your disposal amongst the 1000 plus stockbee members is something which you can use to jump your orbits.
Same way there are hundreds of people here who have jumped many orbits in their career or personal life and they can help you jump orbits in your own life.
Time to launch your trading career and life in to next orbit in 20112
Happy new year everyone !
Are you serious about your trading?
If you are serious about your trading and want to build an enduring edge the Stockbee Member site might help you. Members tell me they have tried lot of things before coming to my site and it has offered them the most extensive and detailed methods to swing and position trade.
It is only for those who want to develop their own self sufficient trading method. It is not a stock picking service. It is service for you to build your own scans and trading method to have your own daily pick based on your method.
Be warned it will take you time to learn to trade. Learning to trade is difficult art and unless you are willing to spend months or years to perfect your strategy and also develop your mental edge you are unlikely to succeed in this game. Unless you understand that no site, no service, and no mentoring is going to work.
Why traders come to stockbee?
The member site is one of the most recommended site for learning to trade by other traders and bloggers. You will see no advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant twits self promoting the site, no free trial and no tall claims of making you instantly wealthy, and yet the site attracts new members everyday. Members come from all walks of life and all kinds of trading size and trading styles.
You will see that many trading bloggers have been using my market timing methods, scans , stock ranking lists and chart templates. They have developed their own methods based on my methods. Many paid newsletter site recommend my site to their subscriber for learning about trading and market.
Over the years thousands of traders have been members and those who benefited from the learning talk about the site to others or talk about the methods used and that is how new members learn about the site.
What will I learn in the members site?
The members site will give you in depth understanding to develop your own trading method. The emphasis is on making you self sufficient and confident of your own trading method and style.
As a member you will learn the basics of swing trading, momentum investing, growth investing and risk management.
You will learn about Stockbee Trend Intensity Breakouts method that uses momentum based swing trading to find 3 to 5 day swing trades for 8 to 40% profit.
You will learn about Stockbee Episodic Pivots Breakout method which uses Post Earnings Announcement Drift (PEAD) to find stocks that had a game changing earnings and that are likely to rally for 3 months to 12 months.
You will learn about Stockbee Dollar Breakout method that uses momentum, range expansion and swing trading approach to find 5 to 40 dollar moves in high priced stocks.
You will learn about Stockbee Lemonade Strategy for 401k which uses market timing and momentum to invest in 401k. You will get weekly update on how I am using the strategy on our 401k to do allocation decision.
You will learn about Stockbee Market Monitor method for market timing using breadth. It allows you to avoid risky periods in market and allows you to identify market turns. It is used for 401k allocation decisions.
You will learn about Stockbee Double Trouble method to find stock with confirmed upside momentum using anchored momentum and that are likely to continue their up move.
You will learn about Stockbee Night Time is Right Time method to find news catalyst based trade ideas for short term day trade and swing trade.
You will learn about Investor's Business Daily’s IBD 200 list and how it can be used to find swing trading candidates for explosive moves.
You will learn about Telechart 2000 and how to use it effectively to scan for swing and position trade ideas and to set up your 401k strategy.
You will learn about Jesse Livermore Range Breakout, Darvas Box setup, and many other member shared methods.
You will learn how to set up your own scans, select right kind of stocks, how to set up stops, when to enter , when to exit, how much to risk, how to track your trades and all other details about trading. You will learn about developing your own methods and not relying on others for trade ideas.
The site has hundreds of videos and trading methods and variation of methods. Members help each other in developing the methods and share actively their research and finding. A collaborative spirit allows you to get input from others on your trading ideas or problems.
The site gives you opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different background and experience willing to help each other. The emphasis is on continuous learning and up gradation of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors and new traders.
If you are looking to develop your own trading strategy the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on members site. Every method, every scan, every nuance is detailed and all possible help is offered to design your own method.
Do you have a trial?
If you are just looking for trial you are better off trying thousands of other trading sites that offer free trial or one month trial and offer you promise of riches.
It is for those who are ready beyond the trial phase and ready to put serious months or years of efforts to learn to trade on their own. It is for those who want to learn to find their own fish.
The free blog has all the details about the methods I trade and if you go through the posts highlighted in the sidebar you will learn about them.
How can I become a member?
To sign up go to www.stockbee.biz and follow the sign up process. The site uses Paypal for payment processing.
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1 comment:
Brilliant!
Thank you and Happy New Year
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