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RE: The 21 Irrefutable Laws of Leadership - Law 1 Analysis

in #leadership9 years ago

Yes! This is the fallacy of measuring others by our yardstick. Every person has a clear idea of what success looks like to them, or at least, they should if they want to get there. If you don't know where you're going, how will you know when you arrived? This is also a very good lesson in trading, which is an area I am very passionate about. When you get into a trade, you must have already determined at what point you'll take your profits. Once the profit level you wanted is attained, you get out. There are a few exceptions to that, but it works well as a general rule. And along the way, you also adjust your level of risk, and bank some of the profits so they can't be taken away. I've yet to see a successful trader that doesn't do that. I look forward to your review of more of these Laws. And I'll have to look into getting that book.

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Quite true. I have many friends who are professional traders and professional poker players and that seems to hold true for all of them.