Tag Archives: time

How to Reduce the Time to be Successful in Life?

According to Malcolm Gladwell’s book Outliers, mastery in a field takes approximately ten thousand hours of practice. That necessitates a level of consistency and discipline in terms of showing up and practicing on a daily basis.

Let us consider the above statement to be true.
Now, If you spend 10 hours per day to learn a new skill then in a year you are giving 3650 hours ( ie 365*10 hours) for it. So it will roughly take around 3 years (ie 3650*3=10950 hours) of consistent practice for 10 hours per day to achieve mastery over that field.

So if you spend 5 hours per day in it you will be a master in 6 years. But spending 5 hours/ is practically feasible. I have read an interview of an IAS Topper who used to spend 5 hours/day in his deep studies from his childhood. So if you learn something from your early ages of life you don’t have to spend a lot of time per day to achieve mastery over a specified field.

As soon as you become master over the field, you will expect to get positive results. But first you have to advertise your skill, so that people would recognise your mastery. This would again take around three years of consistent advertisement to become a good advertiser and marketer of your skill. Again you have to devote 10 hours per day to develop the skill of marketing and advertisement.

So our life demands 6 years of consistent work to be highly successful in any field. We have to remember that there is no shortcut to success. More you practice more you will be confident over yourself.

Repetition is Key Factor of Consistency

As a result, repetition is the key to consistency. It’s all about doing the same things over and over again, getting input from them, and making adjustments to help you stay on track while you move towards your target. And that, in essence, is the difference between success and failure in every area of endeavor, as well as the secret to achieving high levels of success.

So far, I’ve learned that I need to be more careful in my life and company, and that I need to take consistent action every day. And, as I’ve discovered, every time I stop, it’s far more difficult to restart. Consistency provides order to your day, allowing you to be more productive and effective. You actually know what you need to accomplish.

Although we hear of instant success stories, the majority of success stories are not like that. Blood, sweat, and tears have gone into them. As well as continuity. You need the splash of consistency in the recipe of life.

You can make a consistency calender Template shown below to track your consistency.

A griddled box showing tick and cross marks
A Consistency Calender Template

Calculate your consistency percentage

Let,

✔️ = number of days your daily mission was completed
❌ = number of days Your daily mission remained uncompleted

Then
Consistency (%)
= ✔️ /(✔️+❌) *100
In in the above calendar template
Consistency (%)
=26/30*100=86.7%
➡️ excellent consistency level

If the consistency percent is:
Above 85 ➡️ excellent consistency level
70 to 85 ➡️ It is good but requires improvement
Below 70 ➡️ very poor consistency level, you have to work really hard to reach a respectable consistency level.

Choosing a Tight Growth Structure

But consistency without growth is just like attending an office job for last 10 to 20 years without any type of innovation in it. Everyone says “Be creative.” But how? You have to devote sometime everyday on trying to do something new in your own field. This inturn will boost your growth structure. Otherwise you will follow the same plan, same action and you will get same result as before. After 3 years you will realise that you are in the same place as you were 3 years back but you were highly consistent in those times.

Even if you follow a successful man and do the same things like him, 99% chance is that you will be a damm failure.Why this happens? This is due to lack of growth and creativeness inside you. You only watched external talent of that man but you are unaware of his inner qualities and capabilities. You will never be able to copy someone’s inner talents. So it is better to create your own internal talents.

How to Grow your Internal Talents Unconsciously?

Everything is created in the mind of a human being then it is created in the outer world. So creativity lies inside our mind. If you search it in the outer world you will never reach your correct destination. To develop creativity and growth do this.

A) Think, Experiment, Act and be Ready to Face Failure

My mind is not sharp then how can I think creatively? Firstly you have to understand that you are thinking to do something differently not creatively. Suppose you write with your right hand but today you tried to write with your left hand. Similarly in your professional field you have to try to do things differently. Here are few steps that can boost up your creativity.

1.Think and Imagine

Think any process to do it differently and imagine that different process is beneficial to you. Then imagine how you are going to experiment and take massive action. This imagination and thinking should not be vague, but it should be realistic and practically feasible.

2. Experiment

Take a baby step to check the process you selected is working otherwise rethink and make modification in your plan and again perform the experiment in a different way till you get somewhat positive result out of it.

3. Massive Action

Now take massive actions to complete your project / process because experimenting in small scale is a completely different process than doing it practically in larger scale.

4. Rethink and Modify

At first failure is certain. Be prepared mentally not disturb your emotional intelligence at failure. Failure is natural and success comes after a series of failure. So what to do? Rethink and modify your plan and try again. If you are not going to modify your plan, it is obvious that you are going to to get the same result as before.

5. Apply it Frequently

Apply this technique on as many processes as possible one by one. When you have mastered this technique with regular practice on different objectives then you have attained quality to make things bigger and better or indirectly became creative by nature along with quality to grow something for better.

Flow chart to grow inner talentd
A Flow chart to Grow inner Talents

B) Learn How to Prioritise the Work Schedules

We all have a habit of doing unnecessary and useless work first. No matter how efficient you are you will reach nowhere after completion of 3 years if you can’t move away from the clutches of this habit.

Now, I will discuss in brief how to prioritise your work. Look at the diagram very carefully.

Priority wise distribution of work in two by two table
Dividing the work according to priority

According to the above diagram distribute your work accordingly. Your first priority will be P1, Second will be P2 and third will be P3. If you have completed P1, P2 and P3 then only invest time on P4 otherwise reject P4 completely.

Prioritising work is an art. You can prioritise it in your mind but the best way is to write on a piece of paper or hang a written work schedule on the wall. If you search the net, you will find plenty of techniques on how to prioritise your work schedule. You will find all the techniques are correct but administrating yourself to follow these techniques is the key factor that determines the degree of achievement you want to accomplish.

How to follow the prioritised work schedule easily

In this context I am not going to discuss how to prioritise but I would like to share some tips on how you can follow the prioritized work schedule easily.

1.Create Daily Mission of Work Schedule

Long term work schedules are difficult to follow because we don’t exactly know about when and how the project will complete. Past has gone forever and future is not in our hand, we only have power to control our present. Creating a daily mission to complete some specified jobs on regular basis is better than creating a weekly, monthly and yearly schedule. You can correlate your daily mission with long term schedules at the end of the day. Also Create Your daily mission work Schedule on the previous day just before when you go to bed.

2. Selection of Work

Don’t make your daily schedule too long. Select 4 or 5 tasks/ day that would need 1 hour each to complete. Otherwise you will lose interest over the work after few days.

3. Mention time needed to complete the work

This is the most important thing. For each task allot the time within which you want to complete the task. Otherwise you will lose focus over the job to be done.

4. Best Time to Start

I can do anything I want in the current moment. You can’t exactly predict what will happen after 2 hours. Don’t procrastinate to start. Starting a task means that you have reached half your destination. So best time to start is to start now.

5. Follow Pomodoro Technique

Francesco Cirillo developed the Pomodoro Technique in the late 1980s as a time management technique. It employs a timer to divide work into intervals of 25 minutes, with short rests in between. After the tomato-shaped kitchen timer Cirillo used it as a university student, each interval is called a pomodoro, from the Italian word for “tomato.” He had also written a book on Pomodoro technique, that you can buy at Amazon.

Books shown by a magnifying glass
To Buy the book from Amazon click here

There are six steps in the original technique:

1.Choose a task to complete.
2.Set the pomodoro timer to 25 minutes
3. Concentrate on the task in hand.
4.When the timer rings and goes off, stop working and take a short break (5–10 minutes).
5. If you have fewer than three pomodoros, return to Step 2 and repeat until all three pomodoros have been completed.
6.Take the fourth pomodoro after the first three have been completed, and then take a long pause ( 20 to 30 minutes). Return to step 2 after the extended break is over.

If you want to increase your productivity then go to the Play Store by clicking this picture below and download Pomodoro timer

A Tomato's picture showing app in Google Play Store
Pomodoro timer in Google Play Store

6. Don’t follow too compact schedule

A marathon racer runs slowly but steadily as he has to run miles after miles, whereas a 100 meter racer applies his full strength to run in a completion. You have to become a long racer to complete your task. Too much overload of work will make you tired and you will lose interest over the subject resulting in quitting the selected project.

You should make a comfortable plan to be successful in long run. Big successes are achieved only by consistent adding of unlimited short run successes. Make your Daily Mission easy and realistic so that you are able to complete it with ease along with maintaining a good level of consistency.

How Time to Succeed Reduces?

When you were developing the habit of making things better and bigger through your thinking and imagination then you were unconsciously developing the habit of doing it faster. So the time to succeed reduces when you apply the above mentioned techniques in your personal and professional fields.

Conclusion:

Why Time to Succeed Reduces by this Technique?

Actually what is it ? It is a practical self learning process. Whenever you have faced difficulty to solve a practical puzzle, you have solved it through your thinking process thus making your mind adaptable to any odd circumstances. Any acquired skill reduces the time to accomplish its Goal. Creativity means a mind that has developed it own skills but it widely differs from any other person in this world.

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How to Trade with No Confusion?

In the previous article I have discussed how to choose a stock to make long term investment. But these stocks can also be used for short and medium term investment.

For a beginners it would be wise to invest in long term rather than short term. Learning is the key that will determine weather one will make profit in share market or not. Learn technical analysis and all the terminology related to a company’s growth before making any decision to buy or sell. Following the news and knowing the company’s net profit, assets and liabilities is not enough to know the future direction of price movement. One should also have a sound knowledge of technical analysis to make profit in the volatile share market.

Use 2 or at the most 3 indicators at a time.

First of all one has to understand that more the number of indicators employed in the analysis of share price, more you will be confused. You can’t reach to a right decision by using too many indicators and criteria to buy or sell a share. There are thousands of indicators and oscillators in the vast ocean of technical analysis topic. It is purely a research work that will include or exclude the indicators for reaching a correct decision. Also, according to Pareto principle, 2 indicators out of 10 will give right signal. So it is better to exclude those eight indicators that has high degree of power to create a confusion in your mind.

My extensive research has included only two indicators to determine the future direction of price movement of a stock. These indicators are

1. Trendline

2. 14 Period Stochastic oscillator

Drawing a trendline requires  experience but  it is not so difficult to learn and it gives right signal with 95% accuracy. My analysis of 14 period stochastics oscillator is somewhat different from the inventor of this oscillator that again makes this indicator to give 95% correct indication.

In this article, I am going to use some of the terminology that are unfamiliar for those who rarely read articles of technical analysis of stock market. But I will try to keep it as simple as possible. Before going to the actual analysis, I will like to share about the basic knowledge of trend, especially with beginners.

What is a trend?

The ultimate direction of price movement of a share in a specified time period is called a Trend.

Classification of trend

Classification on the basis of direction of price movement

Share prices move in 3 directions, so it can be classified according to the direction of trend.

1. Up Trend

Whatever may be the fluctuations in the share price, ultimately the price of share rises.

Monthly chart of nifty 50 showing up Trend
Monthly chart of Nifty 50 index, source Economic Times of India

2. Down Trend

Whatever may be the fluctuations in the share price, ultimately the price of share falls.

Weekly chart of Coal India Limited showing down Trend
Weekly chart of Coal India Limited, source Economic Times of India

3. Sideways Trend

Whatever may be the fluctuation in the share price, ultimately the price remains in a horizontal narrow region.

Daily chart of Steel Authority of India Limited, showing sideways trends
Daily chart of Steel Authority of India Limited, source Economic Times of India

Classification on the basis of time

Another type of classification of a trend is on the basis of time.

1.Long Term Trend

When a trend lasts for a very long period of time.

2. Medium Term Trend

When a trend lasts for medium period of time.

3. Short Term Trend

When a trend last for a short period of time.

4. Very Short Term Trend

When a trend last for a Very short period of time.

Strength of a trend

Long term trend is more powerful than medium term trend and medium term trend it is more powerful than short term trend.

If long term trend is showing an upward movement but medium term and short term Trend is showing downward movement, then the medium and short term Trend is ultimately going to reverse from downward movement to upward movement. This is because long term trend is more powerful than medium and short term trend.

Classification of Charts

Classification of charts with respect to time

Now, Charts can be classified in the following groups

1.Long term chart (say, monthly chart)

2. Medium term chart (say, weekly chart)

3. Short term chart (say, daily chart)

4. Very short term charts (say, hourly, half hourly, 15 minute, 5 minute, 2 minute, 1 minute charts)

These very short term charts are generally used by intraday traders.

How to know the direction a trend

There are many methods to know the direction of the current trend. But here I will suggest an easy method to know the direction of the trend.

1. Determining the direction of long term Trend

To know the direction of long term trend display monthly chart over your screen. Just below the monthly chart plot 14 period monthly stochastics. Also plot a horizontal line over stochastics chart at the level of 50.

Analysis

1. If the fast stochastics line is above 50, then the long term trend is upward.

2. If the fast stochastics line is below 50, then the long term trend is downward.

2. Determining the direction of medium term Trend

To know the direction of medium term trend plot weekly chart over your screen. Just below the weekly chart plot 14 period weekly stochastics. Also plot a horizontal line over stochastics chart at the level of 50.

Analysis

1. If the fast stochastics line is above 50, then the medium term trend is upward.

2. If the fast stochastics line is below 50, then the medium term trend is downward.

3. Determining the direction of short term Trend

To know the direction of short term trend plot daily chart over your screen. Just below the daily chart plot 14 period daily stochastics. Also plot a horizontal line over stochastics chart at the level of 50.

Analysis

1. If the fast stochastics line is above 50, then the short term trend is upward.

2. If the fast stochastics line is below 50, then the short term trend is downward.

A daily chart showing the behaviour of stochastic oscillator
Stochastic below 50/ above 50

Determining the direction of very short term trend (used by intraday traders)

To know the direction of very short term trend plot hourly chart over your screen. Just below the hourly chart plot 14 period hourly stochastics. Also plot a horizontal line over stochastics chart at the level of 50.

Analysis

1. If the fast stochastics line is above 50, then the very short term trend is upward.

2. If the fast stochastics line is below 50, then the very short term trend is downward.

When to buy ?

When the below mentioned conditions are fulfilled by a stock, one can execute order to buy

1. Long-term trend should be up – In monthly chart, 14 period stochastics should be above 50

2. Medium term trend should be up – In weekly chart, 14 periods stochastics should be above 50

3. Short term trend should be up – In daily chart, 14 periods stochastics should be above 50

4. 1 hour chart is one of the strongest chart for intraday trading. Next we will watch movement of stochastics in one hour chart.

Buy signal

When 14 period stochastics of hourly chart moves from below 50 to just above 50, execute trade order to buy.

Sell signal and / or Stop loss signal

When 14 period stochastics of hourly chart moves from above 50 to just below 50, execute trade order to square up your trade.

A word of caution

Don’t worry or make drastic change in decisions, if stochastics oscillator moves above 80 (ie overbought territory) or fall below 20 (ie oversold territory). If you watch closely maximum price movement occurs in overbought or oversold territory. Also neglect the crossover of fast and slow stochastics (ie K% and smooth D% crossovers) as it shows numerous false signals. You have to follow the average line of stochastic oscillator

Basic disciplines to be maintained for option trading

1. Strike price selection : The strike price should be close to the actual share price and it should have high open interest with high number of contracts traded. In technical terms, select at the money contracts with high open interest.

2. No trading should be done in the last week of expiry date of that option.

3. No reversing of trade immediately after suffering a small loss.

4. Before ordering a new trade, plan where to make a stop loss. Always remain strict with yourself to order stop loss according to your plan. Best way is to give stop loss order along with the trade order

4. Never trade against the direction of long-term or medium term trend as prices will ultimately and suddenly start following medium and long term trend.

How to Manage Your TIME to be Successful in Life?

Every day, we all get the same number of hours, and how you spend yours will dictate how your future will look. Either saving or wasting your time, you are.

Which one would you like to become, then?

So, I have something here that I still hold in mind and I have to remind you all that we rarely do stuff that we don’t prepare for.

But it takes time to prepare again, so it’s a loop that’s always going to begin and end on time, and its leadership.

What is controlling time?

It’s not all about composing to-do-lists and placing them somewhere so you can follow them. In fact, time management is life management that can offer you several advantages. Often, because we say vs. taking action, we do not get stuff done.

You may be the person who often says, I don’t have time … I’m so overwhelmed … and you end up being a procrastinator (but you’re blessed if you don’t).

We live in a time when time is everything. In the daytime, there’s never enough time, because there are so many things to do.

But why?

The reasoning is that time management is something we do not take seriously and end up claiming we have no time for something.

It is hard to manage and you can not get it back once it has slipped away.

You can easily say you want to drop 20 kg, work 2-3 jobs, take care of your family, but you won’t get there quickly if you don’t use your time wisely and take action.

The company you want to start is not going to start on its own or the blog you want to start is not going to publish on its own … unless you take some time to prepare for it.

I always mark my calendar with a list of things to be completed in a week as a part-time employee, getting a lot of assignments in addition to college academics, but being at home and working, recognising that I have a lot of time in hand contributes to procrastination. I used to be the master of procrastinating.

So, time management is the only option left.

Working smarter, along with hard work, is critical so that you can accomplish more in less time. I realise that it’s easier to tell than actually do it. But believe me, good time management makes you to be smarter at working.

It doesn’t matter, in my opinion, whether you wake up at 5 a.m. or 11 a.m., all that matters is to make wise use of your time. In the other hand, being busy doesn’t mean being successful and efficient because spending a day in a lot of activities sometimes achieves less because you are diving focus between too many tasks.

Time management not only increases productivity, but also offers health benefits by lowering the level of stress and increasing opportunities for growth.

I have been trying some time management tips and it really works. Here are some time management ideas that will help you find time for what you want to do.

CREATE A LIST TO-DO

Has it ever happened that your mind just falls away from a really critical task? Or do you ever feel frustrated by workloads and activities or projects that never end? All of this is because you haven’t written down your assignments in one place. There’s so much your mind can’t recall. So, you can organise your tasks through a to-do list. Before beginning your job, developing it sets the flow for the day, but there’s more to it. You may mark them in calendars or reminders.

STOP PROCRASTINATING

This is one of the key reasons why we always believe like there is little time, and we end up thinking that there is no time for us to do something. While procrastination can also be productive occasionally, it’s unproductive most of the time. For the less critical stuff, you should easily set aside a date at the end of the day. Try to divide a time-consuming job into small pieces at all times, then work on one part at a time. In order to prevent procrastination, this will help.

Do you want me to know how you’re trying to stop procrastination?

SET A TIME LIMIT

It is also fun to set a deadline for a mission. This might be like a game. Set a clear deadline, like an hour. Then, try to complete the task with sufficient focus within the allotted time. Again, I’m going to say, try, don’t push your mind to rush and understand anything. This will contribute to inefficiency again. At first, aim to handle hard tasks and leave simple tasks for the end. During my exam days, I used to do this a lot. For each unit, I used to devote a time slot, and believe me, this not only helped me in time management but also in achieving efficiency.

CONSIDER TIME FOR YOURSELF

For your mental wellbeing and relaxation, self-love is something really important. Anxiety and depression can be caused by too much work and not enough rest and relaxation. It can mean a lot of things to spend time on yourself-you can simply turn off your PC and take a 10-minute break, or you might want to read a book, watch a movie, or click through an Instagram feed that helps your mind relax. Try not to worry about your to-do list at the same time while you are watching a film / show. Whatever you do, strive to do so with your mind’s full presence.

DON’T BE A PERFECTIONIST

Nothing is flawless. Perfection may be the enemy occasionally. It’s in the head, everything. Stop over-thinking all you’re doing. However, that doesn’t mean being reckless. You have to move to the next mission after you have completed your assignment and have offered your best. Your accurate and optimistic attitude and devotion to your objectives is the crucial thing.

Time management is not really demanding. If I am in a position to control my time, why not you? A bit of preparation will help you find the time for what you want to do and be sensible about how you spend your time. So, try to be efficient but not perfect and do your best.

How to be Successful in Difficult Situations?

Let me try to give you a couple of actionable measures. They are the following:—

1. Comprehension

You see, you’ve got to know that you’re in one hell of a downhill trip, and things could get worse. For a bit, all is not going to be hunky dory.

2. Acknowledgement.

Acceptance is the next step. Well, yeah, yeah, you’re in a tuff position, and it looks to you like shit could really hit the fan soon. Good! Good, good! Once you acknowledge that you are on the brink of tragedy, you empower yourself by acknowledging the facts.

Always think positive
3. Time

Now, this is something that you have to recognise and know that times are still going to change. In 6 months or so, the tuff spot in which you are now won’t actually be there. Things are going to improve and if you have hit rock bottom somewhere, then be grateful. There are good times going!

4. Grit.

You are already forging the way to a better future until you understand and embrace the present situation you are in. You may still not know it, but you are. Now you know what’s wrong and you can always come up with a solution because you know that. I ‘d advise you to stay away from social media and inspiration when on this road of transformation. Not culture, nor social media. There will be nothing good coming out of Facebook. Say no to inspiration as well. Today, you can be inspired and sad tomorrow because you are not where your inspired self expected you to be. Go for grit and determination instead. Rarely should they let you down.

5. Let loose

If you are a man or a woman, I don’t know, but I would advise you to weep from time to time. You see, we eventually end up bearing emotional baggage as we go through tough times. Let go of the luggage. You don’t need them. You will be left with a light feeling in your heart after you sob on your heart out and clarity will soon follow.

Always Smile
6. Head down.

Not to make needless noise is what I mean here. You now know what’s wrong, you have thoroughly screamed out your heart at the unfairness of the situation and cursed life and God, and now you can add insight to what should be done. Keep your head down and keep working until you find it out. Don’t go back down the self pity loop. It will not aid.

7. Patience

When you’re busy building a better tomorrow for yourself and your colleagues, from time to time, you’ll end up being frustrated and impatient. This is where patience is required. It takes up to 50 years for a mango tree to grow and bear its first fruit. By pulling at the little sapling, you can’t hasten the growth process.

8. Meditation

I know, in this section, you might be cringing. In the modern world, meditation is way overrated. I am not asking you to be a guru, however. You see, we get stressed out when we are in a tuff position and invariably get nervous. A stressed mind, an agitated mind, is my friend’s troubled mind, and you have to tame it ASAP. What you need is a relaxed mind. I would suggest some easy breathing exercises for you. It is it, that is. With this, YouTube will help you out.

9. Don’t Prioritise

Yeah, actually you were fucked (and you’re not loving it for a change) and that’s what moved you to post this question here. You see, we’ve got wayyy too many fucks now for a few days to give up unimportant things. Don’t! Don’t! Prioritize what is relevant and decide it. You’re holding yourself in the loop of suffering when you give a fuck about anything and all. You are cementing the foundations of your life’s unhappiness. Read the book, called the subtle art of not giving a fuck, if you want more clarification on this particular issue. It helped me, and I hope it will help you.

Ok, in a short time, this is what I will come up with and I hope this allows you to make some light of the situation in which you are.