This will make you want to use leverage more in your life...

This will make you want to use leverage more in your life...

Have you ever tried to pull a nail out of a board without a hammer? It's really hard, right? It can be done, but it'll take you forever to do it. The reason it's so much easier with a hammer is because of something called leverage. And, believe it or not, you use leverage all the time. The very first thing you do any time you are confronted with a hard task is look for a way to leverage. If you need to carry a lot of groceries, what do you do? You grab a basket. If you need to pull a nail out of a board, you grab your hammer. I need to do math, where's my calculator? Right?

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Practice Makes Perfect

Practice Makes Perfect

You’ve probably heard the saying “practice makes perfect”. A more realistic statement would be, “Perfect practice makes perfect”. If you practice something wrong, then you are probably going to do it wrong.

When it comes to trading, what does it mean to practice perfection? It means you do things the right way. Follow the program, think through the trade, and make sure you are executing the trade correctly. This may not even mean you make money. A perfect trade could mean that you stop out to minimize your expenses. Every business has expense. No business makes every perfect business decision. It is important to learn from each decision.  

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