Tuesday, September 20, 2005

GoDaddy.com's BlogFest!

Never heard of Bob Parsons before today. Came across his blog via MyYahoo.com's neat little Daily Picks feature. Usually, I just give the sites listed a quick glance. And proceeded to do the same with Bob Parsons site. But, his words caught my eye. And they should catch yours as well. Some wonderful stories of how to make it in this world...starting from scratch and propspering in your chosen endeavors. Something all of us traders should read, learn, and do.

Start with this great post, Parson's rules for survival. This post briefly discusses his background but more importantly the rules that have become the foundation for his success. My favorites?
1. Get and stay out of your comfort zone. I believe that not much happens of any significance when we're in our comfort zone. I hear people say, "But I'm concerned about security." My response to that is simple: "Security is for cadavers."
Parson dives deeper in this post and makes the claim, "I would have accomplished nothing had I not stepped outside my comfort zone." How many of you are unhappy with what you've got and afraid to risk what you've got to get something better?

3. When you're ready to quit, you're closer than you think. There's an old Chinese saying that I just love, and I believe it is so true. It goes like this: "The temptation to quit will be greatest just before you are about to succeed."
Read further into this rule here. I really love this rule. I cannot tell you the number of times I have almost given up only to dig deeper and realize success was just around the corner. Or as my mom used to say when I was about to give up on something as a kid..."Climb that Mountain! You're almost to the top. Don't give up now."

9. Measure everything of significance. I swear this is true. Anything that is measured and watched, improves. Parson explains further in this post.

14. Solve your own problems. You'll find that by coming up with your own solutions, you'll develop a competitive edge. Masura Ibuka, the co-founder of SONY, said it best: "You never succeed in technology, business, or anything by following the others." There's also an old Asian saying that I remind myself of frequently. It goes like this: "A wise man keeps his own counsel."
Wish I understood this 10 years ago when I began my school of hard-knocks in the trading world.

The above articles and quotes are included with the permission of Bob Parsons (http://www.bobparsons.com) and is Copyright 2005 by Bob Parsons. All rights reserved.

Some true words of inspiration for us all...by none other than the founder of GoDaddy.com? Wow, who woulda thunk it? :)

Later Trades,


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