Trade-The Application Principle

Trade is an interesting concept with multiple layers of definition and application

In fundamental economics trade is defined as the action of buying and selling of goods and services.

In educational terms it is a skilled job, typically one requiring manual skills and special training

In terms of the market, trade gets a slightly more complex definition but it equates out to the pursuit of making a profit and building a sizable income stream whether that is earned from the Stock Market or the Foreign Exchange Market. Little

Finally, from a personal view trade could be defined as putting old things down in order to acquire newness.

What do we mean by this??

In reality the best way these can all be understood is to combine the definitions themselves as well as employing the use of the first two pillars of learning and investing as well. So, let’s paint this picture together.

In order to begin learning how to trade in the stock market or forex market one has to prioritize your time and instead of doing other things like watching tv, social gatherings, or just time spent doing nothing productive you may begin to trade (swap) the habit of laziness out for productivity.

As time progresses and you invest that time into developing your skills, training and aptitude in the art of trading. Naturally creating habits of productivity in other areas of your life because you chose to trade old things in order to acquire something new.

One of the biggest trading points that a large majority of us can relate to is the time for money trade made at jobs 40+ hours per week. We are fairly confident that 3 out of 5 people at least would love to make that particular trade end so that they could spend more time with family, traveling, more trading or doing whatever other activity it is that they love. Ultimately, now that you have decided to make that habit trade look at yourself now and realize that you learned the skill of trade that derives from the educational perspective giving you the ability to trade as it relates to the market definition and you have accomplished this from trading your old mindset for a new mindset resulting in earning yourself a new income stream compounding dollars all from making a decision. The benefit of all of these new-found aspects of trade is having armed yourself with the fresh financial flexibility.

Conclusively I would like to leave you with this quote:

“A man is worked upon by what he works on. He may carve out his circumstances, but his circumstances will carve him out as well.” -Frederick Douglass, The Portable Fredrick Douglass

You will define things in your life as you go as well those same things defining you so be mindful of what you do with and for yourself daily, you do not have to reinvent the wheel but you can customize your tread on it.

We will never make you do anything, we cannot but we will continuously offer our sincere and researched methods of improving your life as we strive to improve our own.  We must lift as we climb. So, if you are universally somewhere in life that you do not want to be first a decision must be made to change. Then consciously grasp that mentally, emotionally, financially it is within your capability and obligation to begin those changes learn what it takes, invest the time/money into crafting those changes and watch your new trade gain new profits in intellect and dollars.   Learn. Invest. Trade

Invest-The Manifestation Principle

Pt.1-Personal Development Investing

Invest (verb) – To devote (one’s time, effort, or energy) to a particular undertaking with the expectation of a worthwhile result.

To invest in this is to bring reason, manifestation, and purpose to the first pillar of Learning. Development investing is the art of spending time with a newfound knowledge or skill in order to expand your cognitive activity and abilities.

The factual reality of this concept is that we all invest in our development daily in one direction or another. Throughout your day you invest to your betterment or your detriment depending upon the decisions you make. The choice is 100% in your hands. You as an individual may not truly grasp the power of influence that you contain and its origin from your initial investment as you move through the day.

Your life, outcomes, and results are a congruent reflection of how you invest in yourself and the types of environments you allow yourself to be part of. The statement that we hear of “Becoming what we are around” is very true for the majority of us because the human mind is naturally patterned to seek routine and stability as well as conforming to the subconscious influence of societal norms. That means the things our parents tell us “go to school (do good), graduate, get a good job” is the regularly followed path and so we tend to flock around people that are doing the same thing and that is what you invest in.

If parents and influential people had continued to nurture and encourage the same message from childhood into adulthood; that “you can be ANYTHING you want” I believe that the entrepreneurial percentage in many places would be much higher. That is the beauty of coming into a place of understand on your own as young adult.  You are now aware of your comprehension and are able to make your own choices in order to develop yourself into who you want to be.  Re-apply the “you can be ANYTHING you want” concept. If you want to, you can be an investor, powerful trader, lawyer, business owner, engineer, philanthropist etc. You as a young adult are able to make that choice for yourself particularly with the plethora of technology-based resources we have today. There should be no reason for you to accept less than what you know you are capable of.

Put the effort, time and dedication forth into development investing and see  just how truly spectacular your intellect can become. That self-empowerment will translate over into how you take care of things outside of yourself as in your financial investing.

Insider clue: The way you take care of yourself is a precise sign of how you will handle other things.

Go grab a snack, drink or a breather and come back…

Pt. 2 of Invest-Financial Development Investing.

Money Mindset

To those of us that have for years watched news channels, seen little letters beside bright red and green numbers and heard crazy jargon about “The DOW/S&P500/NASDAQ lost XYZ points today” and wondered “What the heck does all that mean?!?!?”, welcome to Dollars and Decisions.

Dollars and Decisions is a product of the minds of traders spanning across different ages and ranges of experience. We aim to create a more user-friendly environment for learning, teaching, and experience about charts and other investment jargon while using day-to-day conversation and understandable language. As you continue to follow us, we also will want to follow you as we trade together.

Money is a sensitive subject for most people because of the infinite range of possible financial situations.  Rather than attempt to address each situation individually, we want to help you obtain a correct view of your finances and keep your emotional intelligence (EQ) in check.

Consumers are powerfully influenced by their emotions and environmental cues, as well as how options are presented to them. By becoming aware of these biases, we could develop a better pattern of thinking and decision making. On a daily basis, consumers spend billions of dollars for different reasons and make trades on the individual stocks/forex markets/mutual funds etc. based on what they think they know, information they’ve read, past market rises and falls as well as their emotional state, which unfortunately often accounts for the biggest portion of decision making. It is important to determine if you’re spending with your heart or your head at the supermarket and especially when investing and trading.

We at Dollars and Decisions understand the significant role that emotions play in any money venture. Our goal is to empower and enlighten you on the trading and investing processes while strengthening the mental aspect that comes with it, resulting in sculpted minds and habits leading to becoming better and more profitable investors/traders.

Before entering the market I took some time to research topics involving ways we spend our money and controlling that, I was able to discover ways to improve my emotional state by first, figuring out what type of spender I was then secondly, getting a grip on that so that I would begin to practice better financial habits.

Once those two key factors were understood and more in my grasp I was then confident enough to begin my trading and investing education. Like you, I had to start somewhere as they always say, because like many of us earning a salary these days is just simply not enough. So, with all of that said let’s get your mind right first and the next time we talk we may begin to talk about your dollars and decisions.

Grab a pen/pencil and some paper/notebook, write these things down so that you have the information in front of you.

  1. Find out what type of spender/consumer you are. (Spender)
  2. Figure out which method would be best for you to begin forming new habits. (Grip)