Founder Interviews: Rishi Singh of Harness

Forex stock trading

After spending 5 years at Apple, Rishi Singh is now offering Continuous Delivery-as-a-service with Harness.

Davis Baer: What’s your background, and what are you working on?

Rishi Singh: I started my career as an engineer and still am. After several software engineer and analyst roles, I spent five years at Apple, where I led the development of the company’s deployment automation platform. It was a highly scalable solution that centralized devops, supporting thousands of deployments for internal applications teams. This addressed a challenge that wasn’t unique to Apple. All companies are software companies and need a way to deliver an enormous amount of new software to users quickly and with zero margin for error. I’m now co-founder & CTO at Harness, where we’re solving this very problem for businesses across industries.

What motivated you to start Harness?

The idea didn’t come in one day, but it’s one I’ve wanted to pursue for a long time. Delivering rapid changes to apps without causing failures is a constant pain for engineers. I personally have dealt with it throughout my career and wondered why nobody was fixing it. One day I was talking with my long-time friend, Jyoti Bansal, about the problem, and he got excited because he’d had similar experiences. Together, we launched Harness to make life better for engineers and engineering leaders.

What went into building the initial product?

Since I had been working on solving this problem for awhile at Apple, the early days of Harness were like building the next generation of a project I had already started. Our platform uses machine learning, so we spent most of our initial time training the data to support real-time development processes. We encountered a few obstacles and lessons learned along the way, but they each contributed to making Harness what it is today. When building Harness, we first had to understand the industry norm at that point in time. We knew Harness would be critical to our future users, and our technology would need to work with 100% accuracy. Most of our time and energy went toward trial and error as we built a complex architecture that could be used across many different applications.

What’s your business model, and how have you grown your revenue?

Since we are still new and generating momentum, we have been reaching out to both the DevOps engineer “doing the work” of continuous delivery and the higher-level executive in charge of the entire application environment to tell them about Harness. In the near future, we will release a freemium version of our product that enables prospective customers to “try before they buy” — a go-to-market strategy that worked extremely successfully for the team at AppDynamics.

How did you get your first 10 users?

When we started making sales calls and emails last summer, the response was immediate. Companies wanted to start using our product right away. By the time we launched out of stealth in October, we had already signed on some big customers. We knew that any potential customer was looking at not only the product but the team behind it. Is the team capable of evolving and continuing to perform? It’s a long-term investment.

What are the biggest challenges you’ve faced and obstacles you’ve overcome?

While we were still in stealth, our biggest challenge was recruitment. The Bay Area is a hard place to hire top talent, especially if nobody knows who you are. You’re competing against companies like Google and Facebook. Early on, culture was easy because we had very few people. We could break for lunch every day and stay on the same page. As the team grew, we need to make sure we preserve our culture and philosophies. I learned from Steve Jobs that it’s important to constantly talk about what you believe in and build your company off of those philosophies.

If you weren’t building Harness, what would you be doing?

I love solving problems that help make other people’s lives better. I would still be an engineer in some capacity, solving some sort of technical problem — probably one that is similar to Harness!


Founder Interviews: Rishi Singh of Harness was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.

IoT for Ninjas

Forex stock trading

Microcontrollers and sensors meet martial arts training

Whitenoisee iStockPhoto.com — used under license

In this post we’ll build a DIY device to transform a Japanese Katana into a smart fitness device. Say what? Stay with me… the first part of this post will address the why for doing this, while the second part focuses on the how. In this way, you’re free to read the entire post or jump to the part that most interests you.

I’ve had a long-standing interest in distributed communication in the context of internet connected devices. In an earlier post I shared my brief personal journey in IoT which has been revived during the past few years. So while I don’t consider myself as having an extensive IoT background, there’s enough of a backstory to explain what lead me to this post.

Last December I set out to explore wearable devices in the context of fitness. My employer, Flywheel Sports, offers time-off during the holiday season — so that seemed like a good opportunity for a year-end hack. By January, I completed a prototype using an Arduino-based device which measures angular momentum.

Almost six months later I’m finally getting around to publishing this work. The reason is due to my super busy schedule at Flywheel supporting our FlyAnywhere product and our open source projects — sprinkled with outside consulting and speaking engagements.

Part One

Although my fitness related interest at the time didn’t involve martial arts — it quickly became apparent that would be a good use case for the initial prototype. The idea came to me as I was testing the prototype and found I had to make extreme motions in order to measure the effects of speed and rotation. That turned out to be an issue in the programming regarding sensor sensitivity. While testing, the motions reminded me of wielding a sword — which lead to a project code name: eKatana or electronic katana.

I studied martial arts for much of my youth — mostly as a side interest — so I guess that the measurement of angular momentum wasn’t a new concept, although that wasn’t how we referred to it in the Dojo. A quick search on YouTube for the term katana sword exhibition will give you a sense of the extreme dedication, precision and overall mastery involved. To say it’s awe-inspiring would be an understatement.

Rodrigja via wikimedia

But, alas I digress. What if one could take a practice sword and retrofit it with sensors to track the quality of motion? And what if one could build a mobile application to analyze that data in realtime? Would that be useful? While we’re seeing rapid advancements in AI — a Siri-like trainer is still some time away. And we’re even further away from replacing a human Sensei. Singularity notwithstanding. That’s just my bet. However, since science fiction has a way of becoming science fact, it isn’t difficult for one to imagine a Jedi knight training sword, complete with holographic Sensei.

So adding tracking capabilities to a sword allows it to become a smart device. Which presumably has fitness and training implications. That offers us our first “why”. And perhaps for someone — successful execution of such a product could lead to potential financial rewards, which offers us a second “why”. But it’s the third “why” that’s most important to me… hacking is about exploring — often without monetary motives and for many of us, that’s often enough of a “why”.

Let’s have a closer look at the tech behind such a smart device before getting into the “how” that makes it possible. Referring back to my twitter post in January, we see a prototype of a Bluetooth enabled device which is capable of tracking motion. It’s also powered by a tiny battery making it highly portable. Think of that device as the brains of our sword.

Naturally, we still need an actual sword. It didn’t take long to track down a $16 polypropylene training sword on Amazon— it’s the one shown in the next series of photos.

After numerous layout considerations, I managed to get the device down to one inch by two inches, with a height of just over a quarter inch. Further size reductions are certainly possible. I suspect that a near 50% reduction in size and lower costs at scale — but those are re-engineering and mass production challenges.

Device fits perfectly on the Katana’s handle

Sadly, the practice sword I purchased does not have a hollow base, so the module can’t easily fit inside the handle. But clearly, it’s small enough to do so. Potential solutions include 3D printing an extended base. That said, I suspect that an ideal location for the sensors would be at the tip of the blade — but that discussion is outside the scope of this post.

Device positioned with charging port facing out for easy charging

Once the Katana charges (in just under an hour) the practitioner would then pair it with a mobile phone or tablet. An mobile app receive the emitted Bluetooth data. A full-featured app could provide practice motions and measure force and accuracy. Data could then be sent to a cloud-hosted service for longer term storage and or deeper analysis.

In the next part, we’ll have an in-depth look at the tech.

Part two

The eKatana is a wireless smart sword consisting of both hardware and software components. The software in question lives on the microcontroller as well as in a phone or tablet device by way of a mobile app. The key to a successful product would be in the richness of a mobile app and service.

The hardware consist of easily attainable components specifically designed with hobbyists in mind. Outside of some basic soldering skills, which you can obtain on youtube, there really isn’t a lot required to build the prototype.

Hardware

In this section we’ll take a closer look at the tiny module but suffice it to say that it packs a punch:

  • A low power Arduino-based microcontroller
  • Bluetooth LE (for wireless connectivity)
  • 9-DOF sensor with 3-axis accelerometer, 3-axis magnetometer and 3-axis gyroscope
  • A tiny, rechargeable 3.7v Lithium Ion Polymer Battery

Our eKatana module consists of a microcontroller shown on the left and a 9DOF set of sensors shown on the right. The two are powered via a 100mAh+ battery.

fritzing diagram

As you can see from this diagram, the wiring is really quite simple. Power and Ground are routed via the red and black wires and the green and yellow ones aid in data transfer. The Bluetooth LTE transmitter is the gray colored rectangle with a red backing and gold connector shown below the yellow and green wires.

Both components are small but it’s tricky to solder them together so that they stack. An easier layout is to attach them to a flat board and place them side by side as shown in the diagram above. That would allow for longer wires and easier soldering.

Software

Before we dive into the actual code let’s take a brief look at a video of the demo app we’ll use. The mobile app is called BlueFruit LE and it’s running on my Samsung Note8.

As we love to say in the open source community, “running code speaks volumes”.

Captured using the awesome DU Recorder for Android

What the video shows is the app connecting to a Bluetooth enabled device called eKatana.

Wirelessly!

When launched we select the UART option in order to view the data being emitted from the device.

We see values for RO (Rotation), PI (Pitch) and HD (Heading).

As I move the sword the values change to reflect the sensor data being captured.

This allows us to determine whether the sword is rotating, whether it’s facing up or down and the direction it’s facing. Combined these values would allow for detecting how a practitioner is progressing through a Kata (form).

Let’s have a look at the actual code that’s generating that output. The code we’ll examine is first flashed onto the device using the Arduino IDE, version 1.8.5. I won’t get into how to flash the code onto the device — since that’s a fairly standard Arduino development process. See this video if you’re curious.

Some quick highlights:

Lines 1–8 are the headers for the libraries the code requires. Here we see that they’re all Adafruit libraries, some for Bluetooth functionality, SPI and UART interfaces, one for the all-important LSM9DS0 motion sensor breakout board and a Simple_AHRS library (attitude and heading reference system) which considerably simplifies our demo.

Lines 26 through 41 set the default sensor range values.

Lines 46 through 76 configure the onboard Bluetooth device.

Lines 78 through 99 constructs a loop that polls the ahrs.getOrientation function to pull sensor data.

Lines 96 and 97 output sensor data using the Bluetooth library.

The trick to getting the code compiled is in ensuring that you’ve located and downloaded all the necessary libraries. But you’ll find the latest documentation on the Adafruit site.

Closing

In this post, I’ve tried to offer an overview rather than an in-depth tutorial. This, unfortunately, limits how much I can share in a single post. If you venture to create this or a similar device please feel free to reach out.

A special thanks goes out to the IoT working group at Flywheel Sports for their interests in this and other far reaching projects.

Resources

All of the necessary parts can be purchased online. Since technology moves quickly - make sure to check for updated components.

  • Polypropylene training sword from BladesUSA via Amazon
  • Adafruit Feather 32u4 Bluefruit LE
  • Lithium Ion Polymer Battery — 3.7v 100mAh
  • Adafruit 9-DOF Accel/Mag/Gyro+Temp Breakout Board — LSM9DS0
  • BlueFruit LE mobile app: iOS or Android
  • Adafruit AHRS tutorial
  • Forging a Katana — documentary on the history and traditional process of crafting a genuine Katana.

Thanks for reading! If you like what you read, hold the clap button below so that others may find this. You can also follow me on Twitter.


IoT for Ninjas was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.

Life after death

Forex stock trading

Last Friday, I watched my father die.

It was the first time I had witnessed death in a human being, though I have seen it in animals. I will never forget what it looked like. The pallor of death is quite different from paleness due to shock or illness. Even before death arrives, the blood drains away from the face as if bleached, leaving behind something more like wax than human flesh.

Right up to the end, I knew he could hear. He tried to open his eyes when I spoke to him. He knew that my brother and I were there. I don’t know if he was in pain, but his breathing was distressed, so I asked the palliative care nurse to give him morphine. Perhaps the morphine stopped him fighting the process of death. He died shortly afterwards.

I have sung about death many times: in the classical song repertoire, death is almost as ubiquitous as love. And I have read many, many words about death. But nothing prepared me for this. So many of our ways of describing death are euphemistic. Perhaps we want to shy away from the brutal finality of death towards something gentler, something that preserves hope. Sleep, for example. “To die, to sleep,” says Hamlet. If the loved one is merely asleep, they will wake up, won’t they?

No. Death is nothing like sleep. Sleep is renewal of life and refreshment of consciousness. Death is extinguishing of life and crushing of consciousness. They are opposites. Of that I am now certain. I have seen my father asleep many times, and this was completely different. He did not “fall asleep”. He died.

I am also now as certain as I can be that consciousness does not survive death in any recognisable form. I did not witness my father’s consciousness “leaving”. It was more like a light going out. We don’t say the candle flame has “left” when it goes out. We say it has died. Similarly, we should not sanitise death by pretending that the light of consciousness has “left”. It has not. It has died.

My father is no longer there. He is no longer anywhere. His body still remains, for a short while, but all that made him who he was is gone forever.

And yet…..we are creatures of energy. Just as a candle flame consumes oxygen and wax, and dies when one or both runs out, so we consume physical energy sources – air, light, water, food – to maintain our life force, and we die when one or more of our energy inputs runs out. My father died when he could no longer take in enough oxygen. The pallor of death is hypoxia.

Energy never dies, it is merely transformed. So although my father’s life force no longer exists in a form recognisable as “Dad”, “Grandpa” or “Frank Cooke”, it is still with us. It has been transformed, not crushed out of existence.

I don’t know in what way life force is transformed at death. I don’t know what it becomes. And although I think consciousness is crushed beyond all recognition, I do not know to what extent it remains. Death is intensely personal: although I was present when my father died, only he experienced it, and he will never be able to tell me what it was like. As a Christian, my model is the transformation of Jesus after his resurrection: he was the same, and yet different. But the Christian model of resurrection is uncomfortably close to pretending that death is not really death at all, just another life phase. And so too are other models of resurrection or reincarnation. I don’t want to sanitise death. Death is final.

Death must be final, because otherwise we have too many excuses to treat life lightly. For too many centuries, the promise of “life after death” has been used to permit suffering and justify the brutal extinction of life for any reason or none. This life is horrible, but life after death will be much better. No, worse – the more you suffer in this life, the better life after death will be. These are the promises made by those who will do nothing to relieve suffering, who will condemn others to a life that is, in the words of Thomas Hobbes, “nasty, brutish and short”. They are snake oil.

Having seen my father die, I am more convinced than ever that we have only one life. Our job is to live it to the best, using our talents and abilities to the full, overcoming the constraints of our circumstances and our disabilities to the extent that we can. And because we are social creatures, living life to the full means helping others to make the best of their lives, too. Being truly human means giving the best that we have to offer without restraint, without counting the cost, and without any expectation of reward. Selfishness, that hoards what we do not need while those in need suffer, is inhuman.

Those who deliberately seek to deprive others of the opportunity to make the best of their abilities and overcome their circumstances are evil beyond belief. Depriving another person of any hope of a better life is the most terrible thing you can do to them. When hope is gone, life is not worth living – and there is no other life that we know about. Ending someone’s hope is tantamount to murder.

As I write, far too many people are being deliberately deprived of hope simply because they are the wrong colour, the wrong race, the wrong religion, the wrong sex, or have the wrong life circumstances. There is a mass outbreak of selfishness. The most obvious manifestation is the increasingly cruel treatment of refugees and economic migrants in many countries, including my own. These people have committed no crime. All they are doing is seeking a better life – which is what they, like us, are placed on this earth to do.

And yet – migrants still have hope, or they would not be migrants. This is perhaps what fuels the anger of those who want them shut out, brutalised, condemned to a horrible death. If you are poor in the richest countries on earth, what hope is there for you? Where can you go to find a better life? Migrants are richer than you, because they have hope and you do not. Despair is found even among those who are, in global terms, rich, when their hopes are dashed without reprieve.

As long as there is hope, there is life after death. Never again will I be able to sing the words “Ich starre dann, mit nassem Blick, und totenbleich und hager, den Himmel an” from Brahms’s song An die Nachtigall without seeing my father’s waxen face. But the song ends with hope, and the prospect of new life: “Fleuch, Nachtigall, in grüne Finsternisse, ins Haingesträuch, und spend’ im Nest der treuen Gattin Küsse. Entfleuch!”.

My father is gone, but I live on, and so do my children, his descendants. The night after he died, my daughter and I shared a meal and a bottle of wine, and watched a film together. Families are eternal, and life is good.

Related reading:

Generosity
Reflections on death and immortality

Video is An Die Nachtigall, Brahms, performed by Anna Hofmann, soprano. Lyrics and translation can be found here. 

Weekly Game Plan 13 Aug 18

Themes for the week ahead:

  • The coming week looks likely to be another eventful one, with the Turkey crisis dominating.

The Eu is exposed to Turkish banks and the ECB is worried about non-hedged exposure to Turkish companies and if Turkish banks fail, there will be a contagion effect. The only solution is to remove Erdogan by force, because after his discourse on Friday, he seems quite reluctant to do so himself or change course.

Some analysts say a big hike by the Turkish Central Bank will end the Lira rout. I disagree. Central bank intervention works so long as there’s confidence in government. But confidence in government is the main reason for the Lira’s issues in the first place. I do believe there’s a hyperinflation risk around the corner. Here’s a chart with key levels going into the week:

  • Turkey aside, BREXIT will be back in focus. EU negotiators are due to meet their British counterparts on Thursday and Friday, with concerns growing about the likelihood of a no-deal Brexit if the talks break down.
  • China will also be under scrutiny (again) with investors trying to understand what kind of reaction (if any) the Tariff War is generating. To China’s benefit, they have been developing a domestic market for goods & services, and are not as dependant on exporting to the US as other countries are.
  • Stocks may be vulnerable if Emerging Markets feel more of a squeeze on Turkey (risk-off/contagion) and a stronger USD.

Data in the week ahead:

  • Wages and employment data are the focus on the Australian economic calendar
  • China releases data on retail sales, industrial production and fixed asset investment.
  • In the US there is data out on retail sales.
  • The June UK employment report will be released, as well as the CPI for July.

On the Radar:

I don’t particularily suggest trading TRY around here. But if you must trade it, ONLY maintain a long-bias on USDTRY and keep positions extremely small, and keep your ear on the wires.

I like the odds of further losses in the Dax due to the European exposure to Turkey, but for those that can, I’d suggest a more granular watchlist of the more exposed European bourses like the IBEX (Spain) or the FTSEMIB (Italy).  In FX I continue to like USD longs vs. Euro and NZD.

Good Luck!

About the Author

Justin is a Forex trader and Coach. He is co-owner of www.fxrenew.com, a provider of Forex signals from ex-bank and hedge fund traders (get a free trial), or get FREE access to the Advanced Forex Course for Smart Traders. If you like his writing you can subscribe to the newsletter for free.

The post Weekly Game Plan 13 Aug 18 appeared first on FX Renew.

copy top traders

How Blockchain Will Write a New Era for Accounting Industry

Forex stock trading

Blockchain technology has the potential to revolutionize industries. Blockchain has ignited curiosity among industries and sectors, especially in finance. Blockchain has often been called “the future of financial services infrastructure”. While the financial sector has dominated the headlines over the past couple of years, other industries are beginning to embrace this technology in a bid to democratize markets.

For accountants, using blockchain provides clarity over ownership of assets and existence of obligations, and could dramatically improve efficiency.

Current State of Accounting

Everything is about automation in business. If there’s a task that’s still being performed manually, it’s costing companies time. To achieve its daily targets the industry still relies on mutual control mechanisms, checks and balances. This affects every day’s operations. Among other things there are systematic duplication of efforts, extensive documentations and periodical controls. Most of them are manual, labour intensive tasks and they are far from being automated.

Modern financial accounting is based on a double entry system. Double entry bookkeeping solved the problem of managers knowing whether they could trust their own books. However, to gain the trust of outsiders, independent public auditors have to verify the company’s financial information. Each audit is a costly exercise, binding the company’s accountants for long time periods.

Blockchain: The Savior Arrives

Blockchain has the potential to further enhance the accounting industry by reducing the costs of maintaining and reconciling ledgers, and providing absolute certainty over the ownership and history of assets.

While using blockchain, instead of keeping separate records based on transaction receipts, companies can write their transactions directly into a joint register, creating an interlocking system of enduring accounting records. As all entries are distributed and cryptographically sealed, chances of destroying or manipulating them to conceal activity is practically impossible. This is exactly similar as the transaction being verified by a notary — only in an electronic way. This will allow auditors to verify a large number of data in a short period of time. The cost and time necessary to conduct an audit would decline considerably.

Advantages of Blockchain technology in Accounting

The blockchain technology promises a lot of advantages for the accounting firms whether big or small. Here are few of the benefits:

  • Reducing Errors : One of the biggest advantage of blockchain in accounting is its ability to make almost negligible errors. Once data is in the chain, smart contracts will make many accounting functions automatic, reducing human error.
  • Increasing Efficiency : Blockchain is fast and powerful database. Using blockchain, getting data into and out of the system can be done more efficiently than interacting with legacy accounting software applications.
  • Reduces Cost : Blockchain will lead to increased efficiency and reduction in errors which will eventually lead towards cost reduction. Following initial adoption cost, accounting firms can expect to see rapid cost savings over conventional accounting systems.
  • Reduces Fraud : The immutable nature of blockchain makes it extremely difficult to perpetrate and difficult to manipulate. In order to modify a record, the same change would have to be made on all copies of the distributed ledger at the same time, which is highly infeasible.
  • Reduces Time : One key feature of blockchain that accountants should be excited about is its ability to reduce audit time. With the use of smart contracts, many auditing functions can be automated which will reduce the time, an auditor needs to look after the records. The inherent traceability built into blockchain makes auditing fast and easy.

Blockchain as a source of trust can also be extremely helpful in today’s accounting industry. It can be gradually integrated with typical accounting procedures: starting from securing the integrity of records, to completely traceable audit trails. This will lead to a future where the fully automated audits will become a reality.

How Big Four Firms are Using Blockchain

Ernst & Young was the first to begin accepting Bitcoin as a payment method. In April 2018, E&Y launched “Blockchain Analyzer” that will facilitate EY audit teams review and analysis of transactions on the blockchain. The pilot will lay the foundation for automated audit tests of blockchain assets, liabilities, equity and smart contracts.

KPMG laucnched “Digital Ledger Services” program in 2016 to help financial services companies investigate blockchain applications. The firm has also partnered with Microsoft to create the “Blockchain Nodes” initiative with the stated goal of identifying new applications and use cases for blockchain technology. KPMG is a member of the Wall Street Blockchain Alliance as well.

PwC started accepting Bitcoin at its Hong Kong office in December 2017. I n April 2018, the firm announced its first ever wide-release blockchain auditing service with crypto businesses already signed up.The service audits company blockchain services, ensuring they’re using the technology correctly and effectively.

Deloitte has been playing the blockchain game all the way back from 2014 when they launched Rubix, billed as a “one-stop blockchain software platform.” Since then, they’ve continued to diversify their offerings, exploring initial coin offerings (ICOs). Their partnership with Waves Platform is poised to make ICOs and crypto-trading more accessible than ever before.

Two Factors Stopping the Mass Adoption of Blockchain in Accounting

It is true that blockchain technology offers lots of promises but integrating your business with blockchain is not an easy job to do.

  • If we look at the non-technical side, the thing that stops blockchain to reach the accounting industry is the lazy nature of the industry that will wait for too long to embrace DLT technology. While the accounting industry can’t be totally blamed for this as it is also true that enterprise-ready blockchain solutions for the accounting industry are not yet readily available. But this excuse will soon evaporate as innovators and investors move into to satisfy this emerging market.
  • Looking at the technical side, you will find that right now most of the accounting softwares are not compatible with blockchain technology. Even if you want to put your accounting firm on the blockchain your current software might not be friendly. Adoption will require purchase of cloud-based accounting services as they become available, and possibly hiring a blockchain developer to create custom user interfaces for your firm. But as more and more accounting firms are coming forward to adopt the blockchain technology, many cost-effective solutions will start to emerge in the near future.

How Should Accounting Industry Prepare Itself

Accountants are experts in record keeping, application of complex rules, business logic and standards setting.Accountants can transform how blockchain will be used in the future and how the development of blockchain-led solutions and services take place.

There is almost no need to confirm the accuracy of blockchain transactions with external sources, but there is still lot of work needs to be done on the part that how these transactions are recorded and recognised in the financial statements, and how judgemental elements such as valuations are decided. In long term, more and more records could move onto blockchains, and auditors and regulators with access would be able to check transactions in real time.

As more companies are joining the crypto economy, the accounting firms that serve them will soon be forced to include cryptocurrency transactions in their accounting processes. Furthermore, accountants who accept crypto for payment will also open themselves up to a the sector of Millennials who seek crypto-friendly companies to do business with. Some companies accept only Bitcoin as payment, and this is an opportunity for blockchain-savvy accountants to capture their business.

As blockchain development infiltrates the accounting industry, regulators, technology providers, and accounting industry leaders must work together and seek ways to make the transition beneficial for all parties. Accountants are not engineers and might not have the detailed knowledge of how blockchain works. But they will need to know how to advise on blockchain adoption and consider the impact of blockchain on their businesses and clients.

Conclusion

Blockchain is a new frontier for the accounting and there is still a lot that needs to be figured out and lot that still needs to be developed. Blockchain is here and it’s only going to get bigger. The one who start early will always have the upper hand. Despite the hurdles that lie ahead, it is widely believed that DLT could revolutionize the core infrastructure systems of accounting industry around the globe, thereby bringing in greater transparency and efficiency. It will be interesting to see how the industry develops itself near future.

Connect with me on Linkedin: https://www.linkedin.com/in/gauravneuer/


How Blockchain Will Write a New Era for Accounting Industry was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.

How to handle bonuses in an OKR world

Forex stock trading

I’ve been working with OKRs (Objectives and Key Results) for a while, and one of the problems I recurrently face is whether or not to tie OKRs with bonuses.

This is a post based on my experience that describes my thought process and conclusions on how to handle it, hoping it may help others or others my help me 🙂

In favor of using OKRs for bonuses

Experts say you shouldn’t tie OKRs to compensation and after giving it my own thoughts, I definitely agree.

But let’s first explore the opposite idea:

If you compensate a collaborator with a bonus determined by X metric, you cannot set OKRs that target other results and expect them to be super focused on this last ones.

And it does make sense that if as part of your OKR setting sessions you agreed on metrics that will indicate extraordinary success, you compensate when those are achieved.

Against using OKRs for bonuses

So if we have that strong evidence in favor of using it, why shouldn’t we do it?

The main reason not to use OKRs for compensation is to avoid having teams “sandbagging” objectives. You want to decouple OKRs from compensation and performance evaluation to encourage big audacious goals and drive people to think differently and achieve higher results.

But let me explore it from another direction: analyzing why you have bonuses in the first place.

You probably want to pay them when:

  • The company did well
  • The employee went above and beyond their responsibilities to drive results.

None of those are necessarily reflected on OKRs. Let’s see some examples:

For the first one, a particular team may have the goal of increasing conversion, and they may hit their target! But if the marketing team did terribly bad on getting new leads, the company may not have done well in the bottom line results.

For the second one, achieving or not achieving OKRs may not be a precise indicator of that behavior. A developer may have gone beyond her responsibilities, coded fast and pretty, built a lot of new features. But if those didn’t interest the customers, key metrics won’t change and OKRs would probably fail.

What is the alternative?

So if we don’t tie OKRs to compensation, how do we use bonuses?

First I would argue that I do prefer small bonuses (or none at all), where they are perceived as a small unexpected prize rather than part of the salary or base compensation. Behavior should be driven by an intrinsic motivation to have good results, career progress, 1–1 conversations and constant feedback rather than mercenary rewards.

That being said, I prefer annual bonuses, with 2 components:

  • High-level company results

Instead of individual or team goals, that may result on fostering ego-centrism or reduced collaboration, use top-level company results like global revenue.

At the end of the day, this result is what the company wants to maximize.

The counter-argument for this high-level metrics is that collaborators may feel that those numbers are too far away from their work. But through OKRs you should be able to show how their efforts are contributing to the bigger picture.

  • Individual “extraordinary behavior” indicators

This may be more subtle or subjective. Let’s see it with an example: I’d rather reward someone who tried many different experiments and learned a lot(even when no great result was achieved) than someone who did one thing and got lucky on the impact it had. NOTE: I know there is a dangerous grey line here, because in the second case you will need to evaluate if that business impact was due to luck or an amazing execution.

How do you select the target values?

So if we are using this 2 components, how do we set the targets?

In the first case it’s easy: you probably have an annual budget that you can use to determine the goal.

In the second case, I would suggest combining 2 paths:

  1. Behaviors that are “beyond” the current role

Seeing this in perspective, if you pay a full bonus to someone a few times in a row probably that person is up for promotion. So you can set as target those attitudes and behaviors that are “above” her current role.

A few examples:

  • For a senior developer, contributing to the professional formation of more junior staff members (something that is probably the role of a Technical leader)
  • For a junior Product Manager creating an in-depth metric analysis to support a strategic choice.

2. Go back to using OKRs for “inspiration” of extraordinary behavior

For example, you may have Key Results such as “Increase X% this user behavior metric” (retention, conversion, NPS, etc.). What behaviors would you see in someone who is trying really hard to improve those numbers? Customer interactions, experiments, data-driven decision making, fast incremental releases… Why not setting some goals around that?

  • 4 customer interactions per month
  • 6 experiments per quarter
  • At least one value increment per week

This depends a lot on the product, the organization, and the collaborator. But it is an excellent way to focus on the “desired” behavior, and it solves the riddle of “detaching bonus from OKRs” while still having it aligned.

Desired behaviors for Senior Managers / Directors

For both points of the above section, it is easy to come up with “more senior” attitudes for junior roles, or “trying super hard” behaviors to achieve OKRs for team contributors.

But it is quite hard when you have a role where very senior behavior is expected. Frontiers of what is within the position and what is above it are not that clear.

I’m experimenting with a “help your team succeed” approach. In essence, the senior manager most important function is to have their team members have those extraordinary behaviors that will end up in business success.

If we take the examples of the previous section, what if we ask a Head of Product to have all their junior product managers create an in-depth metric analysis to support a strategic choice? What if we ask the director of development what is she doing to enable 100% of the dev teams to do continuous deployment and one week value increments?

The trick here is not being prescriptive with the behaviors. These roles probably know more than you do about how results can be achieved and hopefully they are always looking at the latest and evolving best practices. You have to give room for the evolution of this “new behaviors” while checking that they effectively helped the team in the best possible way. It would be challenging to measure it!

What do we do with OKRs?

If OKRs are detached from bonuses, what do we do if we achieve them (or fail to do so)?

  1. Use them for continuous feedback — do frequent OKR check-ins and verify whether the team is truly exceeding their “regular” results bar
  2. “Non-monetary celebration” if you achieve them — Buy some beers, take the team out for dinner, have a special team building day.

Conclusions

Even when I do not like bonuses that much, I feel they are here to stay. So we may as well have good use of them.

  • Use OKRs detached from bonuses to set big audacious goals of business achievements and help the team think outside their regular capabilities
  • Use bonuses to “share the success” if the company overperformed in a very high-level result view, and promote desired extraordinary behaviors

Thanks for reading! I would love to hear feedback and other people stories on detaching bonuses from OKRs.

If you enjoyed it and want to receive more tools & tips to improve your product, you can subscribe here and join hundreds of readers!


How to handle bonuses in an OKR world was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.

Barron: Manager Summary

Forex stock trading

Managing a World-Class Growth Team

I love good documentation.

  1. Forces clear thinking
  2. Distills ideas
  3. Easy to digest
  4. Creates reference for future discussions
Especially when done by hand

After reading a HackerNoon post about the benefits of Manager ReadMe’s, I had to create one.

Here is the document that I share with all the people on my team:

Barron: Manager Summary

I recently onboarded a new PM to the Growth Team, and she was overwhelmingly positive about the Manager Summary. She then proceeded to create her own document about working with her as an employee, which has already paid dividends by clearing up things that would normally be learned through trial and error.

Favorite Management Inspiration:

  • Andy Grove — Intel
  • Jeff Bezos — Amazon
  • Bill Walsh — SF 49ers
  • Jason Chicola and Dave Abrameto — Rev
  • David Cancel — Drift
  • Yvon Chouinard — Patagonia

If you have recommendations or feedback, please don’t hesitate to reach out: Barron.Caster@gmail.com


Barron: Manager Summary was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.

3 Things Businesses Need to Know About Digital Twins

Forex stock trading

How do we bridge the divide between the physical world of structural failures and system problems and the digital world of simulations? The answer is digital twins.

You may have heard the term “digital twins” before, but what you probably do not realize is that this decade-old concept is finally ready for use in industry applications. For those who are not familiar with the idea, a digital twin is really just a computer-simulated version of a real-world object that uses real-world data to understand the state of an object now and in the future. Imagine a computer model of a car and testing how that car will change as it ages, for instance.

The purpose of digital twin is to inexpensively test aspects of a real-world object on a digital model. Rather than testing a new material on a rocket in the real world, engineers can use a digital twin to test that material virtually and see what effect it has on rocket safety, performance, etc. As you might imagine, digital twins are particularly important for new product development and for maintenance and repair operations like predicting component failures in large complex systems.

2. How does Digital Twin Benefit Business

The idea of the digital twin is not new — the concept has been used in R&D and academia for years, but what differentiates digital twins of yesterday from those of tomorrow is IoT, or the Internet of Things.

Retail, agriculture, the government sector, media, transportation, and many other industries are all positioned to benefit from the digital twins technology going forward.
IoT is already enabling businesses to build sensors into all kinds of objects across the physical world. As a result, firms in industries from transportation and logistics to healthcare and agriculture are awash in data. All of this data gathered from real-world sources, allows engineers to build better and more accurate digital twins.

3. Where is Technology Taking Digital Twins in the Near Future

Using IoT data with digital twins enables us to gather data in ways that were never possible before such as with drones or directly from failing components in complex systems. This new data gives companies the ability to determine how their products are being used, and how they can be improved.

The improvement in mobile technology and wearables is also a factor in the improvement of digital twins. Today, new wearables allow healthcare professionals to gather data and develop tools crucial to the future of the industry. These tech changes let us develop digital twins for people so we can better understand healthcare problems before they arise.

To build effective digital twins, you need expertise in sensors, mobility, computing, IoT, and other areas, but the payoff is potentially enormous. From bridges and buildings to autonomous vehicles, we need to understand how products are being used in the real world and what challenges and failures those products are most likely to see. Digital twins give us that ability, and as a result, they are likely to be an important technology as the world becomes more connected by IoT.

If you are looking for help in understanding how digital twins can benefit your firm, get in touch.

Originally published at eleks.com on January 11, 2018.


3 Things Businesses Need to Know About Digital Twins was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.

Universal Logon Framework: Another Blockchain Technology Disruption

Forex stock trading

The world as we see it today has no doubts become digitized. Nearly almost all transactions are carried out online. From booking an airplane ticket, international money transfers to ordering for foods and even booking a taxi. The internet paved way for a virtual operation and has seemingly made life and operations easier.

To access many of these online services, users would have to create an online account with specific personal details required for the particular service filled out thus generating a username and password for smoother operation and convenient login on the next visit to the site or patronage. For instance to order for products on Amazon, Ebay, Aliexpress or other online marketplaces, buyers are required to create online accounts with usernames and passwords and other important details also filled out. These usernames and passwords created allow for easy login on the next visit to the sites and also forster personalized services on the platforms. The same goes for having an email with any of the online mail service providers i.e. gmail, yahoo, outlook etc.

Usernames and Passwords Saturation

The interesting situation here is, an average internet user could have accounts with the several service providers from shopping, email, to banking, social media and many others. What this translates to is, the user is required to have a username and password for all of the online platform or services he/she gets involved with. This would mean having several usernames and passwords for one person for different platforms. Some maintain a few usernames but have to constantly use several passwords for each platform for security reasons. Obviously, for security reasons and to prevent hacking, a user cannot use the same username and passwords for all platforms.

Based on a recent research, it was discovered that an average internet user has at least 90 online accounts with the expectation that by 2020, this number will reach 207. This appears quite a lot to deal with. Some users resort to writing down this online account details in secret journals to avoid forgetting them. However the number of forgotten passwords have drastically increased. In a study conducted by University of Oxford and Mastercard, it was discovered that nearly a third of online purchases are left uncompleted due to customers forgetting their passwords. This is only understandable as how many password detail can a person remember? The study also showed, over 20% of internet users forget their passwords two weeks after creating them and over 23% forget a password a day.

This situation clearly is no good for online businesses, as customers tend to abandon services after failing to remember passwords and not willing to go through the process of creating another. For instance, when a customer abandons goods already placed in the basket at the checkout point due to forgetting the password to their account, the business certainly loses that sale. It definitely is a lot of effort remembering login details to over 90 online accounts.

Enter the Universe of Digital Identity with Blockchain Technology

In an effort to address this problem, several blockchain companies have begun leveraging the blockchain technology in creating a decentralized identity system commonly referred to as digital identity, With this framework, blockchain will allow for interoperability- the universal use of a digital identity created. Also with the level of security and trust the technology provides, it suffices to say, this might be the best way to go. Users will be able to have full control of their information created on the blockchain given its DLT standards and free from any centralized control. Companies like Civic, Blockpass, Xenchain and several other blockchain startups are already making this a reality.

However while some of these companies are mostly focused on creating digital identities for the purpose of the KYC (Know Your Customer), others like Metaverse are focusing on addressing directly the problem of common internet users by creating a framework for a universal login. One of the key features of Metaverse is that it allows users to create a Metaverse Digital ID which can be linked to their real-life identity. Once this ID is set up, the user does not need additional login credentials. To login on any website or application, the user can use his/her private key associated with the unique Metaverse ID and all services can be linked to one single account. This directly benefits the common internet user. There will be no need to keep remembering several passwords to login to several sites, the private key on the blockchain will suffice.

Metaverse which currently ranks among the top 100 blockchain projects, aim to create a new reality with an open-source public blockchain providing digital assets and digital identities. Founded in 2016, the company boasts of an international team of 100 including experienced blockchain developers that believe in the ability of blockchain to be the catalyst for a better future. The company recently expressed its gratitude to its community in a release whilst also reaffirming their vision for the industry.

At Metaverse, our main focus is to build valuable applications on our infrastructure. We believe our value lies in creating and working with projects that can positively impact both enterprises and end users.”

Decentralization seems the way to be the future of online operations. With solutions like digital identities, each of us could have avatars, digital reputations, digital passports, and life becomes much more easier for internet users in accessing services without having to go through processes of creating passwords or abandoning services due to forgotten passwords. This is a win-win scenario for the internet user and the online company. Blockchain is certainly on course of dominating the tech world, there certainly isn’t any reason to object to that.


Universal Logon Framework: Another Blockchain Technology Disruption was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.

The Differences Between Coaching and Mentoring in Trading

Mentoring traders is a fairly simple task. We can ask another trader what to show us what he does,  utilize his same routines, and through disciplined repetition, walk away with a functional trading model.

However, as life unfolds, we can get so caught up in the day-to-day that we lose track of our objectives, get drained by “small stuff”, or lose perspective on what is really important versus what is superfluous. Ultimately this sends us on a tangent, and we get further and further away from the routines that were working, initially. Fears, self-doubt, insecurity but also avarice, ambition, envy, anger and pride get in our way, steal our peace and just stop any progress we wanted to make.

Coaching is all about removing interferences and allowing you to express your true potential.

Think about your favorite athlete, your favorite performance artist, or the people that are most successful in what they do. Think about Michael Jordan, Phil Mickelson, or even Paul Tudor Jones. Would it surprise you to know they all employed one or more coaches, in order to establish and reach excellence?

But how exactly does this happen? What guidelines can a coach or mentor offer you, that will let you continue to perform at high levels without further professional help, in the face of considerable uncertainty (the markets) and day-to-day personal problems?

When To Seek a Mentor

A mentor is useful whenever you’re transitioning into a new venture, or haven’t yet found your “sea legs” so to speak. Here is the kind of personal situation where mentoring would make sense:

  • you have a couple of years of experience under your belt (you’ve given it your best shot): it’s difficult to mentor people that haven’t already attempted to understand the markets on their own. People that confront the markets and fail, learn a lesson in humility that all successful traders (including the Market Wizards) have gone through. Only with a humble mindset is it possible to learn anything at all, because only at that point are we willing to try something different, or listen to the advice of someone else.
  • you are not under pressure to trade for a living: in my experience, anyone who is under pressure to perform is unable to maintain an objective and collected mindset. Instead of waiting for the markets to line up and offer a Grade-A opportunity, the traders I’ve helped, that were under pressure, would scour over charts each day “looking” for setups, transferring the 9-5 job mentality to their trading and hence forcing things. This is why I truely believe that you cannot, and should not trade, if you need the money.
  • you have the time to study the markets: once again it’s a matter of being in a relaxed state of mind, with no pressure to perform, and having time to soak up the “lessons” from the mentor, review them, test things and record observations.
  • you want to cut to the chase: mentoring is a great way to shorten the learning curve, of all the above conditions are met. The value of a mentor resides mostly in the years of experience he has gained. Learn from his mistakes, listen to his advice, learn his speciality. And then you can continue exploring other venues, other systems, but you’ll always have a functional model to fall back on.

Mentoring is about the desire to learn from someone else, because you’re stuck or have reached a plateau. In my own experience as a mentor, I typically end up transferring my own daily and weekly routines over to the trader gradually, and then through constant feedback I make sure the trader stays on track, gains consistency and ends up seeing the markets through my own eyes.

Then the period after this is left to the trader to mould things to his own personality and  experiment with the various inputs. Here is a video of how a former mentoring student of mine confronts the markets.

When to Seek a Coach

Coaching is quite different than mentoring. A mentor needs to have experience in the field. A coach does not, because coaching is all about removing interferences that are blocking the trader from expressing his full potential.

Coaching is about believing in people’s potential, and helping them to overcome their limits (which are usually mental and self-imposed).  It’s about elevating people in a lasting way. As a coach I have a positive perspective on human potential. I want you to do well and will do anything I can to help you reach the next level.

Here is the kind of personal situation where coaching would make sense:

  • the first thing is that you are already profitable in some fashion, and have a working trading model of some sort. Without this main ingredient, mentoring is definitely the better approach.
  • you feel that something is blocking you: this is a common feeling. Some traders that have specialized in one approach, frequently start seeing other opportunities in the markets and wish to exploit them, but don’t have the tools or the confidence to do so. Alternatively, it could be that some form of fear is holding back the trader from utilizing his current model to it’s full potential.
  • your trading is proceeding well, at the cost of other areas of your life: this is actually more important than pure trading issues. A trader I helped some time ago, had gone through years of torment whilst learning to trade. By the time he came out with a working model, he had serious self-worth issues and had put the rest of his life “on autopilot”. He effectively couldn’t recall much at all about his life during those years, if not the struggle to learn how to trade. This is why maintaining perspective in life is so important. You may reach an objective, but at what cost? Are you creating a life that’s truely worth living?
  • you are not reaching your objectives: once again this is a tricky situation because the natural objective for most people is “to make more money”. But if you go about the markets with that kind of mentality, usually it transforms into forcing trades, being more active and diluting quality for quantity. A better way would be to explore other trading models or a different position sizing model – which moves the focus from “money” to “playing the game better”. But more in general, some people go through the day always focused on meeting objectives and they forget to live. It’s really no different than chasing a dream and ignoring life  – which is what happens when you’re making other plans as John Lennon said. As a coach I try to match your objectives with your character and with your true priorities in life. For example, one trader I helped had a strong desire (objective) to learn how to trade profitably. Initially I mentored the trader, until he learned how to trade. The trader came back to me months later, with a positive track record but with a “hole”, with some internal discomfort still in him. As it turned out, trading wasn’t the best objective for him in the first place. Through coaching, we identified that his desire to trade was actually just an intellectual quest – to finally be able to understand the markets. But he found an actual dislike for trading in itself.

While more difficult to pin down than mentoring, coaching is about generating awareness and responsibility. A coach is a person that helps ideas emerge, a facilitator, a conscience developer. After all, we can only control or work on those things that we are conscient about.

Whatever we are not aware about will control us. So much of the coaching venture has to do with gaining an objective understanding about what is going on around us and what we are perceiving.

What my experience with traders has taught me is that more often than not, problems related to trading are not trading-inherent at all. They are only a reflection of an internal belief or issue, or a manifestation of a dysfunction somewhere else in the trader’s life.

Austin is an example of someone whom received a tad of coaching within FXRenew. Austin went through our System Development Workshop, so my work with him was the same kind of “coaching from afar” that all workshop students receive, through the interactive forum. Austin was being blocked by the usual “monetary objectives”  that traders create. The cure was simple in his case: move the focus from the monetary objective back to the process: focus on trading well, and the results will follow.

Strategies for Maintaining Peace

The late Ari Kiev and Van Tharp have written at length about the various issues that traders encounter. So going through a list of issues wouldn’t be exhaustive or useful. What might be useful, in general terms, is a strategy to achieve and maintain peace of mind in any circumstance. If you can achieve and maintain a peaceful posture, without letting your emotions get in the way of objective observation, self-awareness can be unleashed.

Here are the enemies of peace. In order to fully experience how devastating they can be, I’d encourage you to empathize with each one, using your own personal experiences or feelings. Do so in a non-judgemental way. Don’t worry about the things you feel. They need to emerge if they are to be confronted and eliminated.

  • ambition: a dissatisfaction with yourself and your activities, which can distort reality since the focus is always on the next objective and never on the process.
  • anger: a destructive emotion that can destroy any initiative.
  • avarice: believing that you need certain things when you probably don’t; the feeling that what you depend on will be taken from you.
  • envy: an irrational comparison between what you have and what others have achieved.
  • pride: a need to impress or demonstrate something.

All the above can be confronted and eliminated mostly through:

  • gratitude: an uplifting mindset that shifts the focus from what you don’t have, to what you DO have. Think of the individual that put his life on autopilot in order to learn how to trade. How much did he take for granted? His wife, tolerating his obsession? His job, providing him with the possibility to actually see if trading was up his alley? His health? The food he could place on his table? The clothing he could afford to wear? How close to a self-induced depression can a person get, if led by the wrong principles?   Always be grateful for what you have, independently from what you have, because only being focused on what you don’t have is an invitation for life or fate to take something away from you, in order to teach you a lesson.
  • humility: only through humility is it possible to make true progress. For example, most traders that I’ve helped have sought for help only after a series of hard knocks. Whether it was loss of money, loss of health or extreme frustration, most traders don’t start out being humble. The market has to teach them a lesson before they open up. More in general, humility in life means that no job is too menial, no task is too small. It means letting go of preconceived ideas and being open to being wrong. It’s the gateway towards being inquisitive, as opposed to being a know-it-all.
  • self-confidence: a broad term which means you are focused on running your own race, and you believe in your capacity to overcome whatever lif throws at you, through resourcefulness. You’ll be quiet but concentrated, working away with your head down and planting the seeds of your future success, one day at a time.

The Only Objective that Works

Most gurus in the coaching arena, from Tony Robbins to Van Tharp, talk about establishing goals and objectives – in life, as in your trading.

My experience has taught me something a bit different, because just thinking about objectives is still in some way thinking about what you don’t have. Moreover, how do you even know your objectives are suitable for your persona?

I know a person who has always had a passion for automobiles, for the mecchanics of the various kinds of motors and all those details that frankly most of us ignore when buying a car. Naturally, this person went through a professional training in high school, which was in line with his natural vocation. However, a seed was planted in his mind at a certain point during high school: that being a good mecchanic or a car salesman was not an important job. So when he received his very first rejection, after high school, not getting the job he wanted, he felt angry and pride took over. He decided he was “better” than the people that turned him down, and would go through university and become a manager somewhere.

He reached his objective of getting a degree. But it was extremely hard, because studying so much wasn’t a natural talent. Furthermore, after nearly 15 years he has yet to reach any kind of managerial position and is quite frustrated with his current job. He might be making a bit more money than a basic mecchanic, but his career is standing still.

I’d like to imagine what might have happened if he had been humble enough, and self-aware enough, to take up the job as a mecchanic. With his passion, along with a decent amount of experience on the job, perhaps one day he would have been able to apply for a position at Ferrari, or BMW, or become the mecchanic of a race-car driver or a superbike pilot. You just don’t know what could have been.

But even now, instead of looking at the decisions he has taken and taking responsibility for them, he still has all these emotions locked up and eroding him from the inside.

Here’s the key: you need to seek out a worthy purpose in life. Not money. Not success. Not fame. Not what somebody else tells you to become. Your purpose will come from within you, and will give you a means to move beyond defensiveness, ego, and tap into your spiritual potential for courage, love, compassion, by focusing on the present and chosing what ONLY YOU have.

It’s not about the objective, it’s about having passion for the pathway that leads towards that objective. In trading, this means having passion for the markets and for learning how to exploit behavioural traits in a systematic manner.

  • If you enjoy the process (in trading, as in life) you will most likely reach your objectives.
  • If you put the objective first, you might not get through the process. And even if you do, it will probably not work towards your strengths at all.

Over to You

Life really is too short. Don’t waste away in front of screens each and every day, and forget to live. Don’t sacrifice your health in order to gain wealth. Seek peace in every decision you make, and make sure you can always face yourself in the mirror after every decision, and still accept the person you’ve become.

Live each day in accordance with a worthy principle that inspires you to do good and helps you express YOUR talents, the stuff that only YOU can give to the world.

A question that can help in this sense is: if I were to disappear tomorrow, what would the world lose? What would the people around me not have anymore?

Sure, trading can be a part of your life. But don’t make it the fulcrum of your life. Don’t waste years trying to figure the markets out. Be humble, ask for help, get past that initial stage and get to a place where you can actually find out whether trading is suitable for you or not! And be open to the fact that you may find out you don’t like trading at all!

The truth is, when you remove a mental stronghold (and “being a successful trader”, “being rich”, “making tons of money”, “being important”, and similar goals are ALL mental strongholds) and listen to yourself and others in a non-judgemental and accepting way, you begin to tap into your true spiritual potential and anything becomes possible.

About the Author

Justin is a Forex trader and Coach. He is co-owner of www.fxrenew.com, a provider of Forex signals from ex-bank and hedge fund traders (get a free trial), or get FREE access to the Advanced Forex Course for Smart Traders. If you like his writing you can subscribe to the newsletter for free.

The post The Differences Between Coaching and Mentoring in Trading appeared first on FX Renew.

copy top traders