Social isolation in large doses increases the probability of physical and psychological problems like heart disease or depression.
Short-term aloneness is beneficial and for that, we need to first figure out how our life is going and how can we fit in solitude time in our day.
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The way to minimize bad decisions, focus on things that matter, think independently, and have a life of freedom is: Sitting in solitude.
Thinking takes time, space and energy and we don’t do ourselves any favours by being constantly distracted or interrupted by the world. If we give ourselves fifteen or more minutes of uninterrupted time to think, we become better at decision making.
We can make use of a morning ritual where we are alone with a good book, a pen, a journal, just letting the thoughts flow.
We can also try spending a weekend alone, or doing something completely opposite of what we usually do.
By listening to our minds, we can come up with innovative, authentic ideas and judgements that combine the outer world with our inner world.
Just two hours alone in a week with our pen and notebook, and our thoughts flowing will have a substantial impact.
“Keep stress at bay—act in all ways to keep the mind clear and your judgment correct: Going to bed early, eating and drinking lightly, taking exercise, standing upright at the stock ticker, standing while on the telephone, and demanding silence in the office. I spoke to no one on my way to work and kept silent about my stock market actions.”
Options are conditional derivative contracts that allow buyers of the contracts (option holders) to buy or sell a security at a chosen price. Option buyers are charged an amount called a "premium" by the sellers for such a right. Should market prices be unfavorable for option holders, they will let the option expire worthless, thus ensuring the losses are not higher than the premium. In contrast, option sellers (option writers) assume greater risk than the option buyers, which is why they demand this premium.
Because we mostly react instead of think, our actions are based on insufficient information. We grab for a solution without thinking deeply about the context of the problem: e.g: We try to cheer up a depressed person by making her realize that her life is not that bad and that the sun is shining, only to find out we have made her even more depressed. She now feels guilty about her feelings, worthless, and more alone in her unhappiness.
This is on the higher side, with only about 20 per cent traders being consistently in the black.
This low rate of success in trading is due to many factors, knowing about which can help a trader avoid certain pitfalls.
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