What Makes the Great, Great: The Extraordinary Qualities of Exceptional Individuals
We often marvel at the achievements of exceptional individuals—those who transcend the ordinary and impact the world in profound ways. What drives these individuals to greatness? What is it that sets them apart from the rest? In this article, we will explore the qualities that make the great, great, and how we can emulate these traits to unleash our own potential. Drawing from the insights of Dr. Glen Brown, the President & CEO of both Global Financial Engineering, Inc. and Global Accountancy Institute, Inc., we will delve into the mindset and habits of extraordinary individuals.
Unwavering Commitment to a Vision
Dr. Glen Brown once said, “Greatness is not an accident; it’s the result of relentless pursuit of a dream.” The great are defined by their unwavering commitment to a vision that guides their actions and decisions. They possess a clear understanding of their goals, and they dedicate their lives to achieving them. Their passion and determination propel them through obstacles, setbacks, and challenges.
Constant Desire for Growth and Learning
Extraordinary individuals are lifelong learners, constantly seeking to expand their knowledge and skills. As Dr. Brown puts it, “The great never stop learning because they understand that knowledge is the foundation of success.” This thirst for knowledge allows them to innovate, adapt, and overcome limitations, giving them a competitive edge in their fields.
Resilience and Perseverance
The road to greatness is fraught with setbacks, failures, and disappointments. Dr. Brown emphasizes that “Resilience is the cornerstone of greatness, for it is through adversity that we truly discover our potential.” The great do not shy away from challenges or give up in the face of failure; instead, they use these experiences as opportunities for growth and self-improvement.
Empathy and Emotional Intelligence
Empathy and emotional intelligence are key traits that enable extraordinary individuals to connect with others on a deeper level. Dr. Brown states, “A great leader is one who can understand and respond to the emotions of others, fostering a sense of unity and collaboration.” This understanding allows them to inspire and influence those around them, creating a strong foundation for success.
Humility and Gratitude
Despite their achievements, the great understand the importance of remaining humble and grateful. Dr. Brown believes that “True greatness is marked by a sense of humility and gratitude, for it is through the support and contributions of others that we achieve our goals.” This mindset fosters a positive and inclusive environment, leading to increased collaboration and success.
Greatness is not an innate quality; it is cultivated through dedication, learning, resilience, empathy, and humility. By embracing these qualities and incorporating them into our daily lives, we too can unlock our potential and achieve greatness. In the words of Dr. Glen Brown, “Every person has the capacity for greatness; it is up to us to nurture and unleash that potential.”
Global G7 Combo Forex Trading Strategy was developed by Dr. Glen Brown for his Global Multi-Asset Class Professional Proprietary Trading Firm.
The strategy trade the 7 major forex pairs namely: **The euro and US dollar: EUR/USD. **The US dollar and Japanese yen: USD/JPY. **The British pound sterling and US dollar: GBP/USD. **The US dollar and Swiss franc: USD/CHF. **The Australian dollar and US dollar: AUD/USD. **The US dollar and Canadian dollar: USD/CAD. **The New Zealand dollar and US dollar: NZD/USD.
We add each currency pair to the Global Algorithmic Trading Software(GATS)-System #1 to #6 risking 0.01% per trade with a Global Traders Stop Loss of one times the Daily Average True Range (DATR) and a normal trailing stop of 350 points.
Global Algorithmic Trading Software(GATS)-System #1 to #6 uses computer codes and chart analysis to enter and exit trades according to set parameters such as price movements or volatility levels. Once the current market conditions match any predetermined criteria within the software, the trading algorithms will execute a buy or sell order on your behalf.
Global Algorithmic Trading Software(GATS) runs on MetaTrader 4, the most popular trading platform in the world. MetaTrader 4 is an advanced trading platform that gives you access to a range of tools and features to help you carry out analysis and customize your trading experience.
The value of the Daily Average True Range (DATR) indicates how much price is expected to move against a existing trend without a material trend change. We are fully aware that the Daily Average True Range (DATR) could generate whipsaws that lead to stop out. If this happens we could increase the Global Traders Stop Loss(GTSL) to two times the Daily Average True Range (DATR).
The main purpose of using the Daily Average True Range (DATR) is to create a Global Traders Stop Loss(GTSL) line that follows the trend and gives an exit signal as soon we see a possible change of trend.
1998 was a brutal year for Long-Term Capital Management L.P. (LTCM) and we learn from it!
Long-Term Capital Management (LTCM) was a hedge fund that was founded in 1994 by a group of financial experts, including Nobel Prize-winning economists. The fund’s trading strategy involved using mathematical models to identify pricing inefficiencies in the bond market and then taking leveraged positions to exploit those inefficiencies.
The strategy was highly complex and relied on sophisticated models and algorithms to identify market opportunities.
Despite its initial success, LTCM experienced significant losses in 1998 due to a number of factors, including a sudden and unexpected decline in bond prices, a sharp increase in market volatility, and the inability of the fund’s trading strategy to adapt to changing market conditions. The losses were so severe that they threatened to destabilize the global financial system, and the Federal Reserve was forced to orchestrate a bailout of the fund to prevent a wider financial crisis.
The collapse of LTCM is widely regarded as a cautionary tale of the risks associated with highly leveraged trading strategies and the dangers of relying too heavily on mathematical models and algorithms without accounting for the unpredictable and changing nature of financial markets.
The experience of LTCM underscores the importance of risk management and the need to be prepared to adapt to changing market conditions, even when using advanced trading strategies.
Trading Risk Disclaimer
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Futures trading involves the potential for substantial risk of loss as well as substantial gains, and is not suitable for every investor. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains. If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account.
You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are used at your own risk. It is your responsibility to confirm and decide which trades to make. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN