Thursday, September 08, 2011

Ways to get lucky

Here are some tips to turn your luck around:

1. Never confuse luck with planning: When a desired outcome(or super profits) is brought by luck, you must acknowledge that fact. If you confuse luck with planning, I guarantee 100% that your luck, in the long run, will be bad.

2. Find the fast flow, just like short covering rally in markets: Go where events flow fastest, surround yourself with a people and things will happen. It doesn’t matter if you are a boring person(small scale investor); all you need to do is meet a lot of people and let them know who you are. Then they will direct opportunities your way.

3. Take calculated risks: There are two ways to be an almost sure loser in life and financial markets. One is to take risks that are out of proportion to the rewards being sought (like leverage of 10,000 :1) where there is more risk than reward, so avoid such things and situation.
The other is to take no risks at all.
Lucky people are like smart money traders, they avoid both extremes so you should do same..

4. Know when to cut and run: Always assume that a run of luck is going to be short, never try to ride a run (gudluck or bull market rally) to its peak, like penny stock investors holding multibaggers in a roaring bull peak, then find their multibaggers become beggars. You will always be caught on wrong foot, as the law of averages is always heavily against your side.

5 . Go and Take the zig zag and shortcut path: Despite what many people think the path to success is rarely a straight line. Lucky men and women, on the whole, are not straight-line strugglers, but have brains of crook. They not only allow themselves to be distracted, they invite distraction, that’s why are successful.

6. Be a bit pessimistic: Lucky people, as a breed, tend to be pessimistic. Optimism means expecting the best, but good luck involves knowing how you will handle the worst. So next time when u go to the interview, always ask for resignation notice period first before anything else and exit door of the office.

7. Accept the universe is unfair: All of us, the good, the bad and the in-between, are all equally likely to realise our fondest dreams and nightmares . That’s y successful people are just small breed.

8. Be willing to be busy : The more activities you are going to do, the greater the likelihood that something good will happen.

9.Important One, Last but not least, Find a Goodluck partner: This person is someone who changes your luck over a long term. This person is not necessarily a romantic partner (spouse) and but usually just found just by blind luck but if it can help who cares, go on, find that person.
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