“There is but one thing in this world that I am determined to have, and that is a business association with Thomas A. Edison. I will burn all bridges behind me and stake my entire future on my ability to get what I want”
2) But Barnes had no invention to his name, no particular skills of use, and couldn’t scrape together the meager amount of money it’d take to pay his rail fare to New Jersey(where Edison lived)
3) He had no money, no guarantee he’d even get to meet the legendary inventor, nothing promising to offer Mr. Edison should he cross paths with him, and absolutely no hint of a reason to believe that Edison would take him on in any capacity.
All Barnes did have was desire🏆
4) Barnes arrived in New Jersey and managed to meet Edison. Upon meeting Barnes, Edison says,
“He stood there before me, looking like an ordinary tramp, but there was something in the expression of his face which conveyed that he was determined to get what he had come after.”
5) Edison says, “I had learned, from years of experience with men, that when a man really desires a thing so deeply that he is willing to stake his entire future on a single turn of the wheel in order to get it, he is sure to win”
And he gave Barnes the opportunity
6) Barnes did not get his partnership with Edison on his first interview.
He did get a chance to work in the Edison offices, at a very nominal wage, doing work that was unimportant to Edison, but most important to Barnes.
7)In doing this irrelevant work, Barnes made a point to showcase his more intangible attributes to Edison any chance he could. His unrelenting mindset was “I came here to go into business with Edison, and I’ll accomplish this end if it takes the remainder of my life.”
8) Months passed and still, Barnes goal went unrealized. But then came an opportunity
Edison had just completed work on a new office device, at the time named the Edison Dictating Machine; later known as the Ediphone.
9) Edison was having trouble getting his salesmen to take on the invention. They thought it’d take just short of a miracle to sell the thing.
10) In this struggle, Barnes saw his opportunity. He believed that he could sell the machine and approached Edison with a plan on how he’d do so. Upon reviewing the strategy, Edison gave him his chance.
11) Barnes took full advantage and went on a roll selling the Ediphone. His success was such that Edison eventually gave him an exclusive contract to distribute and market the device all over the nation!
12) Their association as business partners became so well known, it gave birth to the slogan,
“Made by Edison and installed by Barnes.”
13)The venture made Edwin Barnes lot of money and their partnership lasted 30 years.
“We all have this ability inside us. The big question is whether we wish to go all in for our desire.”
End
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Mastering the Trade - Key Lessons from John Carter
Trading isn’t about luck. It’s about discipline, risk management, and repeatable setups. Here’s what every trader should know 🧵
1) Trading is a skill, not a gamble
Success comes from strategies you can repeat, not from guessing market moves.
Control what you can do with your entries, exits, and risk.
2) Mindset is everything
Most traders fail due to emotions, not setups.
Stick to your plan
Journal every trade: why you entered, what went right/wrong, how you felt
Trading isn’t just “buying and selling stocks.”
It’s about knowing yourself, managing risk, controlling emotions, and protecting your capital.
If you’re serious about trading, study your game inside out — not just setups and profits.
A thread 🧵
Trading success isn’t about the best strategy, it’s about mastering yourself:
Discipline. Patience. Consistency.
1. Discipline – follow your plan
Successful traders stick to their rules no matter what the market does. Impulse decisions and emotional trades are the fastest way to lose. Discipline keeps you consistent.
Simple Guide to Position Sizing for Trading Success
By Van K. Tharp
A thread 🧵
1) What is Position Sizing
Position sizing is simply deciding HOW MUCH to trade. It's about protecting your money while still making profits. Think of it as your trading safety net!
2) Why Position Sizing Matters
Prevents big losses that can wipe out your account
Helps you stay in the game during losing streaks
Makes your winning trades count more
Warren Buffett nearly went bankrupt in 1962
His biggest bet was burning $4M a month. Bankruptcy was weeks away
Then a man named Harry Bottle saved his career in 6 days
The untold story of Buffett’s riskiest investment 🧵
1) Young Buffett thought he struck gold
He bet big on Dempster Mill, a struggling windmill manufacturer
Stock price: $18/share
Book value: $72/share
A 75% discount is the perfect Ben Graham-style bargain
By 1961, he owned 70% of the company
2) But the numbers were lying
Dempster made up 21% of Buffett’s fund
Cash: $166K
Debt: $2.3M
$4M of inventory sat rotting in warehouses some of it since 1909
Bankruptcy was weeks away. Buffett was trapped
Trading in the Zone – Mark Douglas
Most traders lose not because of bad strategies… but because of bad mindsets.
Mark Douglas explains why trading psychology is the real edge.
Here’s the full breakdown 🧵
1)The Core Idea
Trading isn’t about predicting the market.
It’s about learning to:
- Think in probabilities
- Control your emotions
- Execute with discipline
Success = consistency, not prediction.
2) Why Traders Fail
Douglas says most traders fall into 3 traps:
- Need to be right → They can’t accept losses.
- Random reinforcement → A few lucky wins create overconfidence.
- Emotional trading → Fear, greed, and hope drive decisions.
Result: they sabotage themselves, even with good strategies.