Keep your thoughts to yourself and grow rich

cont'd discussion about
Think and Grow Rich!: The Original Version, Restored and Revised
hereinafter called "TAGR".

Chapter Eight: Decision

Napoleon Hill, author of TAGR, observed that people who accumulate large amounts of money make decisions promptly and are very slow in changing those decisions. That's in contrast to people who make decisions slowly and quickly changing them.

Also, the people who accumulate large amounts of money usually keep their mouths shut about what it is they intend to do, at least until after they have finished doing it.

Furthermore, they do not accept the opinions of other people (except those in their Mastermind Group).

Applying this to trading means you must promptly execute your trades according to your trading plan and not change such plans until after a reasonable fair trial (e.g. after 30 or emore trades).

Also, it means you must not tell anyone your opinion about the market or what your trading plan is (at least not until you're done with the market or your trading plan).

Furthermore, you must ignore other people’s opinions about the markets (except for your Mastermind Group).


...cont'd tomorrow...

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