Tuesday, 27 May 2014 09:29

How to Make Profitable Choices Featured

Written by
Rate this item
(0 votes)

You’re faced with hundreds of choices every day, thousands even. But how can you know if you’re making the right ones? We do fall into traps many times when we are faced with real circumstances and we have to make a decision or a choice. It is always not a straight forward

procedure yet some are masters in making decisions that are profitable in the long run. There are some decisions that give instant profitable result in the short term but backfire in the long run. One must be very clear and certain when making decisions.

Truth is, most often our decisions are disrupted by an array of biases and irrationalities. Sometimes we’re overconfident. We seek out information that supports us and downplay information that doesn’t. We get distracted by short-term emotions. When it comes to making choices, it seems, our brains are flawed instruments. The right decision, at the right moment, can make all the difference. What you decide will determine the kind of person you become later. Taking decisions at crucial stages can even affect your future.

There numerous numbers of times we are not sure we are making the right choice but we make them base on the circumstance in front of us. Sometimes things could change so quickly that our choices no longer apply and in this case people might look at it as a bad choice but for you it could be seen as a precaution and not a bad choice.

In January 2014 when Arsenal confirmed the signing of Kim Kallstrom from Spartak Moscow on a loan deal, it was not met with much enthusiasm. But that indifference was turned into what-on-earth-was-Wenger-thinking when it became clear Kallstrom would miss a significant amount of playing time with a back injury.  With Wenger only deciding to sign a midfielder owing to the injuries suffered to the likes of Aaron Ramsey and Jack Wilshere, it made absolutely no sense, at least on the face of it, to make a move for a player who will not be available for the entire month of February and possibly beyond that.

Wenger admitted he had known about the injury to Kallstrom before making the signing, but insisted he was left with little choice owing to time constraints, having clinched the Sweden international’s signature on deadline day of the January transfer window.

“[Being fit at the end of February] is the best-case scenario,” Wenger said. “I’m sure if you have played football you might have played with a micro-fracture of your vertebra without even noticing it because on a normal scan you don’t find out. He might play before that [the end of February] but he might play as well later. I would not have signed him if we had two or three more days to do something, but it was Friday night at five o’clock, so it was [a case of] you [sign] nobody or you do it under these conditions.

The Arsenal manager defended his decision to acquire an already injured player due to the fact that Ramsey, Arsenal’s best player that season, suffered a setback, which is likely to keep him out of action for a further six weeks. “It crossed my mind after the [setback] of Ramsey, because everybody says he is back in six weeks but because he had two setbacks who can guarantee that it will not last longer? And after Tuesday night of course, because Wilshere couldn’t play [at Southampton]... it was not a 200 percent need, we could have gone without, but first of all you must identify a player who has the quality to play for us, in January,” he said.

“Then, because we have the number of players needed in that area, not to be locked in a deal of three or four years, where you pay the players to do nothing. So to find a player on a free loan, of that quality, on Wednesday morning until Friday night, is not easy.”

But surely, Wenger would have considered pulling out of the deal for Kallstrom, knowing the risks that the signing came with. “Of course it crossed my mind,” Wenger said. “I decided to do it because we might, because of the number of games we have now in February, need the players in March or April. There is a possibility [that he may not play] but as well there is the possibility that he scores us the winning goal that might be vitally important.

“At some stage in our job you have to make a decision. Are you wrong or right? You will only know at the end of the season. I made this decision because, since the start of the season, all our central midfielders have missed a part of the season -- whether it’s [Mathieu] Flamini, Wilshere, [Mikel] Arteta, [Alex Oxlade] Chamberlain or [Santi] Cazorla. All of them have had injuries and it can happen that a few of them miss the next part [of the season] together. It’s true that in the first four to six weeks we have not sorted that problem out.”

Here you can see that making these choices sometimes will not bring you instant solution but you need to weigh the options. On the pyramid of choice there are several choices to choose from and the reasons behind your choices are best known to you. I have that concept that at the time of making a choice you are not hundred percent sure it is the best choice but you know it is among the best of options you have so you make the choice base on other information and circumstances surrounding the decision. So how do you make a choice that will benefit you? We are going to use the pattern of the choice made by Arsène Wenger as our model.

Stay Clam and Peaceful
Staying calm gives you the power to be in control. Realize that being calm is an internal issue, not an external factor. It can be tempting to blame your external life for your lack of inner calm. Be kind to yourself. Being calm begins with being self-loving (which does not mean being self-absorbed).

Get as much information as possible
You don’t need to be hasty in your conclusion. The only way to see the picture clearly is to obtain as much information as possible. Sometimes the information you obtain has the solution in it. Facts wise, find out everything you can about the problem you’re facing and the options you have for dealing with it. This will help you make the most informed decision.

Know Your Options
Knowledge is power. You need to investigate and understand the various options available to you. This is very important because it gives you more solution that can be applied.

List all your options
List all of your options. At first sight, it may appear that there is only one course of action, but that is usually not true. Even if your situation seems limited, try to make a list of alternatives. Don’t try to evaluate them until you’ve got a full list. Be thorough.  

Think in depth about each option
You need to think in depth about each option. You need to analyse them and see try to think what there different outcome will be. You know what is best for you in this situation and this will be easy to choose because you have deep knowledge of your options.

Weigh all the risk versus the gains
For every option, list every possible outcome and label it as positive or negative. You are not in a hurry. You want the very best so you must ensure you get the best.

Observe your feelings and emotions
You’ll be comfortable with some options and uncomfortable with others. Allowing your emotions to be in control is dangerous. Being able to control your emotions depends in part on how much you feed a particular emotion; on how much you focus on what you are afraid of, enraged by, or depressed about. You must be totally focused in dealing with the situation not allowing your emotion to be the driver.

Relate your choices to your priorities
Each question you asked yourself here is very important so you need to create a list of priorities in relation to these questions. Write down the list, and then put your options against it. If you have well-established priorities, this will be easy. If you don’t, take extra time with this step.

Make a Choice
The reason you started this exercise is to make a choice so now you have more than enough solution in front of you that will enable you to make the choice. Go for it. Don’t fold your hands. This is the time and the hour you have been waiting for. Don’t waste it.

Designate your choices
Most of the times your choice will sneak up on you before you even realize you’ve made a decision. Things should begin to fall together for you at this point. You should feel good about yourself and what you want. This strengthens your confidence in yourself, and strengthens your identity.

Register your Choice
At this point you’re putting it all together in preparation for action. Do not backtrack. Keep moving forward towards your final decision. Be very open here. I have been in a situation before while trying to make a decision the events that happened next enables me to make the decision as it puts the solution right in my hands. If I was negative I wouldn’t have been able to identify the solution.

Now Commit to your Choice
It will make no sense to spend all the time you did and energy in making a choice that you won’t commit to. Choice becomes a decision when implementation takes place. Focus your time, energy, self, and purpose on the decision.

Kim Kallstrom scored a crucial penalty against Wigan Atlantic in the semi-final of the FA cup which puts Arsenal in the final and was able to win silverware after nine years without one. So the decision is productive in the long run.

75870 comments

  • Comment Link MichaelRem Thursday, 09 February 2023 14:00 posted by MichaelRem

    baclofen 2

  • Comment Link قیمت سیمان امروز Thursday, 09 February 2023 12:17 posted by قیمت سیمان امروز

    
    معنای مطلب ی این یادداشت از نظر
    کثیر از افراد ارزان قیمت و کامل نیست ولی
    جانباز از محتواها مرکز
    مجازی در اینترنت ها و بلاگ ها پیرامون این
    مطلب در وب وجود دارند که می توان از آنها استفاده بهتری داشت

  • Comment Link crypto trading bot Thursday, 09 February 2023 12:05 posted by crypto trading bot

    To execute your technique, bots can control your portfolio
    day or night time without you having to be online continually
    to place trades and alter your portfolio. Consequently,
    we can better perceive the strategy’s conduct beneath certain circumstances and could also be in a position to predict how
    it will carry out in the future. Most bots carry out finest when reconfigured in response to the user’s specs, even though
    they might come pre-configured with buying and selling strategies.
    Using buying and selling bots helps not only to automate the process
    of trading, but in addition to relieve its related pressures on corporations and traders.
    An excellent rule of thumb is to keep away from bots that
    only use "technical indicators. A mission with a superb workforce can be transparent about its origin, its members, where it is based, and any other relevant information. Use the information on this listing to get to know the staff behind the service earlier than relying on them to automate your methods. If the workforce has an energetic Telegram or Discord channel, or every other active group where they reply questions?

  • Comment Link bitcoin trading bot Thursday, 09 February 2023 11:29 posted by bitcoin trading bot

    Then there are the paid plans, Primary $9.95 USD per thirty days, Pro $24.95 per month, Professional
    $44.95 monthly, with increasing options as much as the point of getting unlimited open positions, unlimited energetic bots, limitless API per exchange.
    The basic plan is $29 per thirty days, the Advanced
    plan is $69 per 30 days and the Pro plan is $149 per month.
    There are three paid packages: the Hobbyist package deal that starts at $29.Ninety nine per 30 days, the
    Trader package that starts at $59.99 per 30 days, and the
    Pro package deal that begins at $499.99 monthly. You may miss out on the better of 3Commas with out subscribing to a pro plan. Copy commerce the
    best traders and bots. Customers can start off straightforward with a free account to attempt it out with 5 open positions, 2 active bots into 1 API per change.
    Code Editor to write down your individual customized bots in Python. Select between The Code Editor
    and The Rule Builder to create your buying and selling bot.

  • Comment Link https://ky-ky.net/2420-super-bomber.html Thursday, 09 February 2023 09:07 posted by https://ky-ky.net/2420-super-bomber.html

    наилучшие последние мморпг

  • Comment Link https://baby.kr.ua/kachestvennaya-professionalnaya-kosmetika-iz-izrailya.html Thursday, 09 February 2023 07:42 posted by https://baby.kr.ua/kachestvennaya-professionalnaya-kosmetika-iz-izrailya.html

    рейтинг 10 топовых марок израильской косметической продукции:
    для кожи лица и тела да что там волосяных комков, профессиональная и нет

  • Comment Link Ugoslems Thursday, 09 February 2023 07:16 posted by Ugoslems

    buy suhagra online

  • Comment Link Bitcoin bot Thursday, 09 February 2023 07:07 posted by Bitcoin bot

    You may determine for your self the amount of particulars you want to place
    into your code and the complexity of the coding language, or even if you
    wish to depend on coding in any respect or just use the drag-and-drop methodology.
    If you're sourcing your Bitcoin trading bot from a service that
    has a very good reputation, then you're going
    to be in good fingers and your Bitcoin trading bot is going to be secure for
    you to make use of. Stick with the bots above, or just remember to do lots of
    analysis first, as a result of there are plenty of choices
    out there that don’t have good reputations, and are going to
    require rather more of your personal information than you had hoped to offer
    away. Follow the ones we now have listed as the most effective Bitcoin trading
    bots in 2023 and give your self not solely a preventing likelihood, however a chance at having a fully-fledged profession out of automated trading.

  • Comment Link Polkadot bot Thursday, 09 February 2023 05:17 posted by Polkadot bot

    As costs fell, investors who had purchased bitcoin on margin saw exchanges shut their
    positions, inflicting a cascade of selling. A
    spread of retail-centered exchanges closed greater than $2 billion of long bitcoin positions
    on Saturday, in line with Coinglass. CoinShares
    additionally famous that bitcoin volume rose to $15 billion last Friday, larger than the
    standard $8 billion per day common for November and December.
    Bitcoin was final down 0.8% at $49,093. NEW YORK, Dec
    6 (Reuters) - Cryptocurrency products and funds acquired $184
    million in web inflows as of final week, data from digital
    asset manager CoinShares showed on Monday. Polkadot, the coin that facilitates completely different blockchains to inter-function, noticed outflows of
    $3 million final week, with the vast majority of those outflows coming in the latter half of
    the week. Third place: Polka Pulse constructed by mariopino - a visualization device that
    at the moment uses the Kusama network and exhibits
    block time, session progress, period progress and day progress in addition to the current block
    height and final finalized block.

  • Comment Link best binance trading bot free Thursday, 09 February 2023 05:06 posted by best binance trading bot free

    However one can imagine that operating the world’s largest
    cryptoexchange by quantity provides the kind of hefty capital firepower needed to tempt developers throughout to its community.
    To encourage extra builders to create dApps on its
    platform, CZ introduced the Binance Sensible Chain BUIDL Reward Program, which gives as much as $5m in BNB
    paid to developers in proportion to the gas used for their contracts.
    Binance Smart Chain will not be decentralised by its own admission. In reality, we're entering the
    good contract blockchain wars of the 2020s. PR will probably be vital.

    Estimates differ, but this deep-dive piece by Dealean Capital suggests a lead slot
    will cost between $1m and $1.3m a stonking amount to ask small dev teams to pay.
    Additional down the tree are parathreads: pay as you
    go blockchains which don’t need fixed connectivity with the relay chain. We do need
    to talk about Polkadot.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.