In recent weeks I’ve been brainstorming ideas and projects that could help broaden my horizons and revitalise my trading efforts. However, I realised today that I had lost myself in an endless sea of post-it notes and to-do lists and that I wasn’t really moving forward. What I needed to move to the next stage of prioritising tasks, breaking projects down in to manageable chunks and taking action, but there was an invisible force holding me back. To help get over this mental block, I have referred back to my trusty archive of motivational notes on productivity. I’m sharing a selection of this material below; most of it is derived from the excellent “Getting Things Done” by Edwin C.Bliss:
Decision Making: Remember, every decision in your life will be made in one of three ways:
1) You will make it yourself
2) Other people will make it for you
3) Time will make it for you
The first way is best.
Indecision: The Paralysis of Analysis. Solve it quickly. Solve it right or wrong. If you solve it wrong, it will come back and slap you in the face, and then you can solve it right.
Speed Reading: Keep in mind these words of the British critic F.L.Lucas: “It is mere common sense never to undertake a book without asking, ‘Is it worth the amount of my life it will cost?’”. That simple question can save you more time than all the speed-reading courses ever devised.
Velleity: …means wanting something but not wanting it badly enough to pay the price for it. Every time you list your goals there’s a temptation to include a lot of valleity: things you’d love to have if they could just be dropped in your lap; things you’d love to do if they didn’t involve sacrifice. Trouble is, nothing worthwhile falls in to that category. …it’s just indulging in a flight of fantasy. Examine your list and ask of each item, “Is this something I am really willing to pay the price for?”. If not, cross it off. Then having eliminated the valleity, you will have transformed your “wish list” in to an “action plan”.
Workaholic: People can be addicted to work, just as they can become addicted to alcohol. …a person in this situation is concerned with activities (staying busy) rather than achieving (getting things done).
Yesterday Trap: Many people…they spend too much time recording and analysing what has happened and not enough on what should happen now. In avoiding the Yesterday Trap it is especially important not to spend precious time regretting mistakes you may have made. Don’t wallow in a sea of regret, with “What if’s”. Substitute the words “Next time”.
“No amount of time in lectures or reading, can in itself, produce a skill-full doctor, artist, or trader. Practice. ” – unknown
“If you don’t know what you’re trying to do, it’s going to be hard to do it.” – unknown
“My greatest strength lies in my tenacity” – Louis Pasteur
“I hear and I forget, I see and I remember. I do and I understand.” – Confucius
“The weakest creature, by concentrating his powers on a single object, can accomplish something; whereas the strongest, by dispersing his power over many, may fail to accomplish anything.” – Thomas Carlyle.