42 ratings (4.36 avg)
20 reviews

Ankur Mangla

Add friend

Ankur’s Bookshelves

to-read‎ (13)

currently-reading‎ (0)

read‎ (42)

Stats | More…

“My trust (in the markets and in myself) supports my patience. My patience (that a setup will materialise) feeds my confidence. My confidence (that I will win) dictates my inner dialogue. My inner dialogue (what I tell myself while I am trading) supports my process-oriented mindset. The process enables me to stay focused in this moment. I support this loop with my mental exercises. They feed, nourish and sustain the loop.

I trust. The research underpins the trust. The trust supports the patience. The patience is underpinned by the mental exercises, and it nourishes my confidence. My internal dialogue is driven by it; it nourishes my confidence. My internal dialogue is driven by a process-oriented mindset, fuelled by my confidence. I focus on what I can control – my mindset, my risk approach – and I let the market do what it wants to do. Whatever it does, does not trigger the fearful side of my mind. That has been trained away. I am not afraid of the market. The only thing I am afraid of is that I do something stupid in the market. If I trust myself, this does not happen.”
― Tom Hougaard, Best Loser Wins: Why Normal Thinking Never Wins the Trading Game – written by a high-stake day trader

0 likes

“The prevalence of lawyers in American life is unusual. But their dominance at the top of American politics is startling. “Though they make up less than 1 percent of the population, lawyers currently constitute more than one-third of the House of Representatives and more than half the Senate. Fully half of the last ten presidents were lawyers, as are more than a third of the officials now serving in the states as governor, lieutenant governor, and secretary of state,”
― Ezra Klein, Abundance: How We Build a Better Future

2 likes

“1. In sum, a habit is formed during the dream stage, then the habit is reinforced and permanently embedded during the routine stage, at which time we are unconsciously longing for the dream-stage feelings we left behind at the beach or at the spa or at that outdoor concert. This, in fact, is why most beverage brands are so ubiquitously present at summertime music festivals and concerts; those companies know this is one of the best windows to hook new customers on their products. Red Bull, for example, got its start by distributing free caseloads of the stuff at cool “hangouts” like malls and surfing shops, where teenagers and college kids tend to gather to escape the mundane routines of their everyday lives (by the way, it’s no coincidence that malls and certain kinds of stores become the “cool” hangout location—that’s another happy “accident” engineered largely by marketers. The company knew that if it caught these kids in their dream stage, once Monday rolled around and they went back to their classes, chores, and homework, they’d associate Red Bull with the carefree feeling of hanging out at the surf shop—and pretty soon they’d be hooked.”
― Martin Lindstrom, Brandwashed: Tricks Companies Use to Manipulate Our Minds and Persuade Us to Buy

0 likes

“Your life shouldn’t be an accident. While most things in life are unexpected, we must continually ask ourselves, “How did I come to this point?”
― Darius Foroux, Focus on What Matters: A Collection of Stoic Letters on Living Well

1 likes

“Now I have the skills to make money, and I trust that the market will give me opportunities to make money. This trust has been built and strengthened by my intense study of market charts for every period I desire to trade. The trust is further strengthened by my humble dedication to my vocational skillset.
The patience flows from my trust in the market and in myself. I have an emotional connection between trust and patience. I trust the process will come, if I am patient. If I am patient, I will win. Winning does not determine anything else to me. If I am not patient, I will not win. I will do anything to win. Therefore, the trust overrides any sense of impatience that may arise in my mind, because I trust that when I miss this signal, there will be another one coming.
My confidence comes from continuously working on my game. I learn technical analysis once. I learn all the time. Some markets move. Some markets are dead. Some markets require larger stops. Some markets are faster to trade with orders because they move so fast. The markets are forever changing, and I change with them.
The confidence and patience arise from the trust and the patience and the process. Of course, yours truly has bad trading days. I just don’t care. I am grounded in this moment. I focus on the process. That is all I can do. I can’t dictate to the market what it should do. I must be like water, and flow. I must flow with the spirit of the market. I don’t fight the market. I flow with the market. “Just flow,” as I tell myself.”
― Tom Hougaard

0 likes

More of Ankur’s quotes…