My Dilemma

Cross ref: www.awanginvest.com

My personal Mind-map as follows:

 

HOW to Multi-task was my dilemma

I must thank my mentor for pointing the best way to keep track of our day’s routine. He has always been advocating the use of Mind-maps ; it has rubbed off on me now. Whenever I do not know how, when ,where to proceed, I will resort to a mind-map.

Lately,as most readers are aware, I have been assigned to act as Moderator for my mentor in view of his THR. With my own busy schedules as per Mind-map attached, I find that by thinking through my added responsibilities, using a Mind-map , helps me to crystallize and implement my plans for the day.

Even with the help of a Mind-map, there are still sub-functions which come to mind as we go through the day. For example, I am constantly thinking of a topic for his blog for the next day. I do not want to presume to write too much on technical analysis being a newbie myself on his blog which is being visited by advance traders as well. So, this compounds my scope of topics which will be fine in my own newsletter IDkit but to cross reference my articles to STC/blog, I need to weigh on the target audience which is more advanced than mine. Since I need to write for my weblog too, I kill two birds with one stone by cross referencing my posts to STC/blog. The only thing that bothers me is I have to factor in the more sophisticated audience that will be reading STC/blog. So, I decided to take a break this morning, and go for my séance de toilettage.

Like Archimedes, my sharp senior moment hit me when I was in my salon de toilettage, like some kind of echo of perception. Often, my mind seems to go over whatever problems I have while I am grooming myself . This morning is no exception: I cried out: Eureka! I will write my post about how to multi-task which will help busy newbies as well. Unlike Archimedes, who was so excited about his Principle of Displacement, and oblivious of his whereabouts, I did not rush out to the streets in my birthday suit!

In the case of Archimedes, he was so excited about hitting the principle in his bath, that he screamed: ‘Eureka’ and shot through the streets in his birthday suit, one story went.

BACKGROUND HISTORY OF ARCHIMEDES

Archimedes’ principle : states that a body immersed in a fluid is buoyed up by a force equal to the weight of the displaced fluid. The principle applies to both floating and submerged bodies and to all fluids, i.e., liquids and gases. It explains not only the buoyancy of ships and other vessels in water but also the rise of a balloon in the air and the apparent loss of weight of objects underwater.

In determining whether a given body will float in a given fluid, both weight and volume must be considered; that is, the relative density, or weight per unit of volume, of the body compared to the fluid determines the buoyant force.

Archimedes Heat Ray & Eureka

archimedes-heat-ray.jpgeureka-in-bathtub.jpg

KISS – Keep it simple, student (stupid was the orginal). While this is generally the way to go, it cannot be too simplistic.

There are those who think too much details in our plans can confound and complicate. I feel personally that at best, we cannot be 100% sure of what events will turn out, but we have at least a roadmap to show us what to do for the day.

We learn at the early stage of trading that the Formula of Success is:

Plan x Money Management x Winning Psychology

With a Mind-map, we can integrate not only plans, but also how to manage money and to know our psyche to succeed in trading.

It does not mean that we should go into social paralysis just because we left out some events that we do not foresee easily.

Being a human being rather than a robot, we still have our Right Brain to guide us through a solution if we can see the big picture with the help of a Mind-map.

CONCLUSION – my thinking:

The advantages out-weigh the disadvantages of having a detailed plan; so using a Mind-map gives us a roadmap to base our day’s routine effectively.

As you can see from my Mind-map, I do need one with all my commitments to my trading, my continual education, my other investments portfolio, my added civic responsibilities, my social obligations, not forgetting accepting new assignments as a freelance Feature Finance Writer.

I am at my desk at 8 am, with morning coffee as breakfast, and by the time I finish the day, it is not facetious if I say I work 16 -18 hours each week day, leaving weekends for indulgence in shopping and recharging.

This is to clarify to some friends who cannot understand why I am so busy when I am not being gainfully employed. To them, I say: when you work from home, for yourself, and being a one-man show, you do work longer hours.

 

ANA aka IDKIT

Ag Moderator

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