Archive for April, 2009

Giving Thanks - You Had Help Along the Way

Monday, April 20th, 2009

Anyone who says they made it to the top on their own must have started there in the first place.

 

I just bumped into a former client. He was one of the first clients I ever worked with as a peak performance coach. He is doing great, having success in his life and I wanted to thank him (and the hundreds of others like him) who took the chance and worked with me years ago when I started out my career. The lessons I learned from them served as the foundation of my success and what I am continuing to build right now, which is the Dr Doug brand of peak performance coaching.

 

So today instead of worrying and wondering when the economy will turn around, I am choosing to give thanks to those who have impacted my life and my career.

 

Thank you all.

Dr Doug

Self Coaching - Take Control and Change

Saturday, April 18th, 2009

I am human like the rest of you. I make mistakes and like many of you I beat myself up about it afterwards. I made a substantial one yesterday and am still replaying it in my mind. It distracts me. Takes away from my focus to do more work but more importantly, it consumes my thoughts and tarnishes the precious time I get to spend with my family on the weekend.

 

Today is my son’s 4th birthday party. I am going to break my own destructive behavior pattern before he wakes up so I can be fully focused and present to enjoy what is really and truly important in life. My family.

 

Have you made a business, personal or investment decision recently that you regret? Are you beating yourself up about it? Has it been more than a few hours since you did it? I just did it too and here is what I am doing to get myself out of this funk.

 

Dr. Doug’s Self Coaching Process

I am thinking back through the details to figure out what triggered inside of me and gave me a clue that I was about to do something I would regret later - I have, unfortunately, done this before so I know exactly what the trigger feels like.

 

  • It is when I get in a frame of mind that I have to do things very quickly and urgently.
  • I feel overwhelmed and try to do too much, too fast.
  • I get a tight feeling in my chest and my shoulders start to shrug.
  • I end up getting to all the things but do not end up being as careful about my decisions. while making them. 

 

  • End result is the benefits I get from doing all the work or phone call or email contacts is far less than the damage I do because I get emotional or lose control of the process on just one of them.

 

Solutions - What I am doing to solve this for the future.

  • Next time I feel this emotional, overwhelming feeling come over me, I am going to force myself to take a 5-10 minute break and walk around outside.
  • If when I get back, I am still feeling the sense of urgency, I am going to reach out to my trusted confident to discuss the situation, my thoughts and potential actions.
  • I am then going to type up the situation in my self-improvement log, what the situation was, what I did right, what I did wrong and what I am going to do different next time.

 

I am tired of repeating the same mistake and will modify my behavior so that I can take my game to the next level.

 

Dr Doug coaching Dr Doug

The Trader’s Mind - Part II

Wednesday, April 15th, 2009

This week, Dr. Doug, continues his discussion with trader Mark Moskowitz regarding his thought process and how he plans his day.

Video: Market Coach Doug Hirschhorn talks to trader and former hedge fund manager Mark Moskowitz about his daily thought process.

Mark Moskowitz has been a professional trader for 18 years and has even run his own hedge fund. He breaks his own trading day into four parts:

* Pre-Game—When he looks at charts and other data, and decides what stocks to buy.

* Early Open—Begin early-order entry and the search for signs of support & resistance.

* Mid-Day—As the market gets quiet, take time to review morning & strategize afternoon.

* Late Day—Take info from morning & early afternoon, see if daily plan is working.

The pre-game is the most important part, says Moskowitz, because good planning provides the “psychological edge” all traders need. Once he knows his potential losses and gains, he adds, he gains confidence he can work his plan throughout the day.

At the end of the day, Moskowitz says, it’s time to look back, analyze and learn. The lessons of today can always be put into play tomorrow.

Tough Choices Have Real Consequences

Friday, April 10th, 2009

I realize what I am about to say may rub some people the right way and others the wrong way. Please understand I am only expressing my thoughts on a delicate and emotionally charged topic and with the intention of getting us to think about things differently – and certainly not to overtly offend anyone in the process.

When people get emotional in their discussions, the focus and purpose oftentimes gets lost.

I know many of you are veterans, and proud Americans. But the world has changed – at least the economic world. Growth and opportunity is now NOT exclusive to America. There is a sense of entitlement that has been reinforced over the years. Whether it was the belief that Americans are entitled to more money, better jobs, better homes, better food and better lives than others is what I am suggesting we take a careful look at rather than simply assume that it has to and should continue to be that way because that is the way it has been for the past few decades.

Again, my response here is not intended to offend anyone. I only want people to reflect and consider the possibility that what was, no longer is…or at least not in the same way it was.

Change is good. It allows people to reconnect with their purpose and with their life. Change is painful – especially at the beginning of it, which is where we are right now – at the beginning. Instead of getting mad or emotional, find inspiration. You can, I can, we all can and should.

While I am far from the expert on what being American is – I do believe that somewhere over the years, it was assumed that being American entitled a person to success. I think the real message got lost in translation – as being American, as I understand it, was and is about Life, Liberty and the Pursuit of happiness. Can you be American and live/earn your living in a different country? Of course. Just as you can be from another country and live/earn your living in America.

The painful reality in this economic time may simply be that the “best” opportunities are not exclusive to existing in America. And as painful as that is to accept, it is a reality that America helped to create.

As far as the direct question about IBM and if someone should, at their own expense, relocate to India for a job with little or no guarantees. Well, I am not the expert on what is happening with IBM or its business development but I will say that one should always be open to assessing the risk/reward in any situation, and if need be, move to where the work is. Either way, just be prepared to accept the consequences of your decisions.

Now, maybe a US based, American employee of IBM is thinking, “Forget that, I am not moving out of the US for work and leaving my friends or leaving/relocating my family. Especially if I have to pay for it out of my own pocket.” I am not here to say whether that thought process is right or wrong. Everyone is entitled to their beliefs and it is that person’s choice to move or not move.

And, again, one should be prepared to accept and deal with the consequences associated with either of those decisions.

Which one would be the best decision for that person? I have no idea. But I do know how to help that person go about the PROCESS of figuring it out as it all depends on that person’s specific goals as well as an objectified risk/reward analysis of the upside and downside that will come with either decision.

At the core of what I am trying to communicate to anyone who will listen is that we have grown to develop into a comfort zone surrounded by a sense of entitlement. Being American does not entitle one to a special existence above all other humanity. Should someone who is unable to find work in their country consider moving at their own expense to another country if their goal is to obtain work and build a better life for themselves and their loved ones – well, yes, they should consider it.

For a few hundred years now, people from countries around the world have done that and moved to America (at their own expense and with no guarantees); the difference is now Americans are forced with having to digest that potential reality and consider doing it. Why is that so distasteful? Are Americans better than people from other countries? No, I do not think so as I believe ALL people are created equal – but it is their choices in life that define them. 

In the end, we get to make our own choices and we all should understand that with those decisions come consequences. Sometimes we must accept that we are going to be forced to choose between two very unpleasant things – and then the solution lies in identifying which choice is “less worse” for our lives and futures.

I hope you all accept this post for what it is… just my opinion.

Again, I have no intention to offend – but simply to stimulate thought amongst those who are reading this.

Thanks

Dr Doug

Facebook

Thursday, April 9th, 2009

Doug Hirschhorn”’’s Profile | Create Your Badge
Doug Hirschhorn''''s Facebook profile