We talk about what we regard as our values, but I have a list that I am sure you need for your mental toolkit. These values were discovered by me while I was contemplating the creation story of the world. I am not claiming the story is true, but I am saying that it has good metaphorical meaning.
The story opens with the creation of light on the first day. The second day the waters divide above and below, and on the third day dry land begins to appear with plants created to grow everywhere. These events reminded me of three very important values that are similar.
The first is "Vision." Vision is like the light of the first day. It helps one to see the goals that are not yet achieved. This value is always the necessary first step in the attainment of anything. This is not just a view of what you want in the future, but needs to be a clear view of what you could do with this attainment if you had it. Your desire for this has to be deep and only becomes vision when it lights up your life enough to be obvious.
The second value is "Understanding." The second day, light shined on the waters long enough to begin to make the surface rise into the sky. Before a person can achieve their vision, they need to build an understanding that divides facts not unlike the dividing of the waters at creation.
The third value is "Resolve." I really like this one. Since waters are being separated from the earth, dry land begins to appear on the third day. Plant life was then created to cover the earth. The part I like about this is that plants have one outlook on life, either grow, or die! That is resolve. I am going to accomplish this or die trying. This is just the exact attitude that one needs to power oneself through to accomplishment.
I will cover the other four values when I blog again.
Sunday, September 20, 2009
How is This Production?
I have been thinking about how this actually does any good. Let us say that I buy 10,000 euros and wait for the market to go up. I eventually sell them back into the market at a higher price and collect my profit. The basic question here is, how is this productive for anybody except me?
After some consideration, it became clear to me. You should pay close attention to this, for it reveals a remarkable truth about all markets and why we need traders besides the idea of increasing "liquidity."
Since the market price in this instance is going up for euros, the demand for them is rising. If demand is going to be even higher in the future, then more euros are going to be needed in the future. The job of a trader is to buy those euros at a cheaper price, hang on to them for a period of time, and then make them available at the higher demand. In other words, bring forward in time a number of euros to help meet demand in the future.
It turns out the trading is very productive, and a person who trades successfully should make money at it. The pay can be very good, but the difficulty in predicting where the market is going also makes that pay well earned! Being able to operate in the markets is a lot like riding a bike. It takes skill developed over time till a trader can tell what to do almost by feel. He or she gets to a point where the trades can just be seen.
After some consideration, it became clear to me. You should pay close attention to this, for it reveals a remarkable truth about all markets and why we need traders besides the idea of increasing "liquidity."
Since the market price in this instance is going up for euros, the demand for them is rising. If demand is going to be even higher in the future, then more euros are going to be needed in the future. The job of a trader is to buy those euros at a cheaper price, hang on to them for a period of time, and then make them available at the higher demand. In other words, bring forward in time a number of euros to help meet demand in the future.
It turns out the trading is very productive, and a person who trades successfully should make money at it. The pay can be very good, but the difficulty in predicting where the market is going also makes that pay well earned! Being able to operate in the markets is a lot like riding a bike. It takes skill developed over time till a trader can tell what to do almost by feel. He or she gets to a point where the trades can just be seen.
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