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The Cycle of “IT” 2015, Part 2

samseiden
Sam Seiden
Online Trading Academy, Chief Education, Products, and Services Officer

Why do I trade? The focus for me is the “Grander Vision,” that I mentioned in Part 1 of this article series, not attempting to attain all of the world’s money. This is what allows me to run a simple and successful trading strategy year after year after year. I have not changed one thing about how I trade for short term income and passive income in many years. The income from the world of trading allows me to feed my grander vision. I have played hockey all my life and still play in the most competitive leagues around. I also have coached kid’s hockey and that has been great for me. Some of these kids can’t afford to do certain things that will benefit them. Trading allows me to dive into these kids’ lives and expose them to things some of them could not afford to do on their own. For example, I don’t have the whole “iLife” but could afford one. Instead, I felt much better buying these kids 1 year family memberships to the fantastic museums in Chicago. Hmmm, loud iPod music in my ears, or exposing a child to some of the best science, art, and history museums in the world? If I wanted the iWatch, I would also want all the other gadgets, of which the list is endless…

Free Trading WorkshopAnother thing I love to do each year is take my son to Atlantis and I allow him to invite friends whom I pay for. Atlantis is very expensive but the experience we have each year doing this together is absolutely priceless. Trading allows me to take more and more people each year. You see, “IT” never ends, and in the trading world this thought process will drain your account and leave your passion and emotion tank empty. Instead of buying the latest power computer, tap into or discover your grander vision. My grander vision is making a difference in the life of children which will end up making a positive difference in the world. That is what I spend some of my free time doing. This just so happens to also allow a successful trading strategy to run, as there is no pressure of better numbers and more dollars. Believe me, I see a Ferrari on the road and really like it and want one but… If I buy one, there will always be the next better one, “IT” will never end. There will always be a new, better, faster Ferrari.

Also, keep in mind that I grew up with nothing and lost my mother when I was 15. I appreciate every single day and everything in my life. When I look back and understand what makes me happy, it’s not money or items; it’s love, relationships and the grander vision. I don’t wake up each day excited to trade the markets to see if I can make more money than the day before. What excites me more than anything is seeing a huge smile on a child’s face doing something amazing that they have never done before. Yes, many of these things cost money which is where the trading strategy comes in. But, the focus is the smile, not the trading. That’s the last thing to focus on…

Knowing why you trade is an important aspect of your trading successThe next time you have a few minutes and you are about to tweak that trading strategy because your strategy, while profitable, may not be allowing you to really make “IT,” understand that “IT” is never “IT” if you’re focused on the artificial “IT”. You are likely chasing something that does not exist. You’re walking east and west trying to find the North Pole. Instead, open your mind to the possibility of a much grander vision which has nothing to do with trading. In doing this, you may just find that the grander vision is what will finally allow you to execute your successful strategy with disciplined precision for the rest of your life. More importantly, this grander vision is where you will find the real “IT”.

What if you are not a consistently profitable market speculator yet? Don’t give up! Remember, most of your failures could have been converted into success if you had continued on for a short time longer or made a little more effort. With a positive attitude, you are ready for all the adversity and short term defeat that leads to and is necessary for success. You see, adversity is really a stepping stone requirement along the path to success. Without the positive attitude, adversity more often than not leads to failure. When you eliminate failure as an option and remove all escape routes, you will be surprised how fast you figure out how to succeed. What about Thomas Edison? He attempted to create the electric light bulb only to fail over 2,000 times. How did he press on with so much failure? That all depends on how you define failure… He viewed each failure as a very positive step in his quest, because with each failed attempt he was eliminating a way NOT to produce the light bulb. The more times he failed, the closer he was to achieving his goal. The same goes for trading. So often, people give up just as they are about to become consistently profitable. The next time you get discouraged because of a few trades that didn’t work out, think of Edison’s 2,000 bad trades and the success that came from that failure. Next, once you invent your light bulb, make sure you spend your life using it to feed your grander vision, not trying to improve “IT”.

When you live by a set of core values (the grander vision) and unshakable convictions, you become stronger and less fearful. You see the life’s journey for what it is – an exciting marathon for which you have the rule book and roadmap. Without them you are tossed and blown around by the struggles of the moment. To be more successful, live in your hopes and goals, not in your fears and struggles. Remember that each and every day you wake up you have a completely blank canvas, you are the artist of your life and the brush is in your hand. How truly amazing is that!

The maze of life is such a gift, so short, and I don’t intend on wasting a second of it. Make each day, each moment count. Lastly, one thing I am truly thankful for be it Thanksgiving or not, is YOU. I am so fortunate to be in the position to serve you in your trading and financial education. At Online Trading Academy, we are always aware of the enormous responsibility we have in educating you to make proper decisions in the financial markets. For me, our trading education, tools and services like the XLT are all developed with one razor sharp goal in mind – To help you realize your grander vision. For those who find the real “IT,” your true grander vision, PLEASE send me an email and let me know.

Have a great day and holiday season.
Sam Seiden – sseiden@tradingacademy.com

Disclaimer
This newsletter is written for educational purposes only. By no means do any of its contents recommend, advocate or urge the buying, selling or holding of any financial instrument whatsoever. Trading and Investing involves high levels of risk. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader. The author may or may not have positions in Financial Instruments discussed in this newsletter. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future results. Reprints allowed for private reading only, for all else, please obtain permission.