The 100 Things Every 20-Something Needs To Realize

As Generation-Y, we’re the new frontier. We’ve experienced the largest generational gap in history and sometimes life isn’t easy. These are 100 rules Generation-Y should live by:

1. You need a minimum of an hour to get ready before work or class.

2. Don’t hit the snooze button. If you gotta get up, then get up.

3. Shaving is more than a suggestion. That goes for both men and women.

4. If you eat enough pizza, you will turn into a tub of oily cheese.

5. Running isn’t just for four-legged animals.

tumblr_misftzpFH61r0i9jso1_500

6. Getting high gets old.

7. Getting drunk doesn’t. But don’t tell that to your liver.

8. Unprotected sex is a regret waiting to happen.

9. The quiet ones are the best between the sheets — although it may take some time for them to open up.

10. Dating is overrated and usually a waste of time.

11. Don’t date unless you think you may fall in love with them.

12. Facebook is boring and a waste of time. It is. Really.

13. When you think you’re missing out, you’re not.

14. Nothing good happens after 3 am.

15. Sex is better if you are emotionally involved with your partner.

tumblr_mrxnl0EKRg1ryl1jdo1_500

16. Reading is always better than watching TV.

17. Watching reality TV makes you dumber.

18. Yay, you can twerk!! But can you do anything useful?

19. The way people see you is just as important as the way you see yourself.

20. Friends are hard to come by. Don’t ignore those you have.

21. Most people want something from you.

22. There is no such thing as free.

23. You don’t have a hole in your wallet; money just disappears.

24. Putting more money into your car than the car is worth makes you look stupid.

25. Listening to music too loud CAN make you go deaf.

26. Drunken sloppy sex is only good the first time — maybe the first two times.

27. Don’t spend money on things you don’t need because you won’t have money for the things that you do need.

28. In a healthy relationship, he should love you even more without makeup.

29. Being in a relationship is not a reason to let yourself go.

tumblr_mt4fciMUyC1rt43gto1_1280

30. More tongue is not the answer.

31. Ladies: your teeth are for chewing. We don’t like to be chewed.

32. Never be satisfied with your current sex life, always strive to be better. Try new things, you might like it #Shocker.

33. Stop using hashtags. They’re not always appropriate.

34. If you can get her into bed before date 3, then you’ll get bored with her by week 2.

35. We all like the chase.

36. Love will cost you.

37. Men may not only be looking for sex, but sex is definitely a part of it. A big part.

38. Waiting until you get married to have sex is dangerous.

39. Bad sex = bad relationship.

40. If you’re going to get a tattoo then make it small and have it somewhere inconspicuous.

41. Savings accounts are not for dummies.

42. You will hate yourself for getting a new credit card.

43. If you’re feeling sh*tty, get some exercise.

44. You should always do your best to look your best because it will make you feel your best.

tumblr_mlezcpEwYG1rh1wv4o1_500

45. Orgies.

46. Learn to play chess.

47. The world works, in large part, by manipulation.

48. Having the ability to read people will get you further in life than anything else.

49. It’s not just whom you know, but also what you know that matters.

50. You should live in New York City for at least a year.

51. You should live abroad for at least a year.

52. As a rule of thumb, don’t do drugs. You don’t ever know what you’re actually taking.

53. Less is almost always more.

54. Beauty lies in simplicity.

55. Overcomplicating things leaves things overly complicated.

56. If you sleep around with a lot of people, then get tested. Otherwise, who cares? As long as you’re clean, you’re clean.

57. Make mistakes now. Making them later will be too late.

58. We all want what we can’t have. Remind yourself of that every day.

59. You can do less and produce more.

tumblr_lynxs4BJyZ1qacbojo1_500

60. It’s all about efficiency.

61. You can’t buy time.

62. Time itself is an illusion. Always think: “I’ll be there before I know it.” And you’ll prove yourself right each time.

63. They stopped making good music in the 90s.

64. You don’t actually want to be a DJ. You just don’t understand what it means to be one.

65. Lower your expectations and you won’t be so disappointed.

66. Using toys can be fun for both parties.

67. Size does matter. It goes for both sexes.

68. If you expect oral sex then have the courtesy to lather and rinse beforehand.

69. Don’t say I love you unless you mean it.

70. Don’t be afraid to fall in love.

71. Yoga.

72. Violence is for idiots. Use your words.

73. Being smarter does make you the better person.

74. Kill them with kindness.

tumblr_lqp7lakLIk1qh1dh5o1_500

75. You don’t need to be an assh*le to get ahead in life, but you can’t be a pushover either.

76. Your cellphone is ruining your life.

77. There is no substitute for face-to-face human interaction.

78. Get checkups regularly. It could save your life.

79. If you’re going to smoke, then use a vaporizer.

80. It is your moral responsibility to be healthy.

81. Going down goes a long way.

82. Slow and gentle will always get her off. Rough and intense only works on occasion.

83. If you’re using the pulling-out method, then you have a good chance of pulling out a baby in a few months.

84. Don’t drink cheap liquor.

tumblr_m41qnf5buq1r6y3u1o1_1280

85. Don’t eat crap food.

86. Drink lots and lots of water. Most of you are chronically dehydrated.

87. Meditate.

88. Sudoku helps fight off future dementia.

89. You don’t have ADD.

90. You’re most likely to be your own cause of depression.

91. The way you see the world is all that matters. But understand that you may be delusional.

92. There’s always more to the story.

93. People lie.

94. You are alone in this life. Accept that and appreciate the moments when you don’t feel so alone.

95. Family is more important.

96. If you don’t work to improve yourself every day then you are wasting your life.

97. Passion is what makes life worth living.

98. You are always better off than most people in the world.

99. You aren’t entitled to sh*t — nada. You get what you earn.

100. No matter what happens, never give up. Ever.

Why Successful People Leave Their Loser Friends

We all want to be amazing. We all want to be successful, happy, and regarded as important figures in our fields. I am sure that you’ve heard all of the keys to success before: planning, hard work, perseverance, etc.

But today we are going to look at the one factor that will likely make or break your success: the people you surround yourself with.

“You are the average of the five people you spend the most time with.” – Jim Rohn

Want to be Amazing? Surround Yourself with Amazing People

The Make or Break List

A good friend of mine once told me of a man he knows who brought himself up from rags to riches.  Living paycheck to paycheck was a luxury for this man, and he decided that he was tired of being trapped by his own life. The poor man looked around at his friends, and noticed that one of them – who wasn’t particularly smart or more talented – had become quite wealthy. He asked this man how he accrued this wealth, how he was able to become a millionaire. The wealthy man’s response was simple: “keep the right company.”

The man took that advice to heart. He quickly noticed that all of the other friends he had hated hard work and had no desire to improve themselves. So he sought out new friends, he went around to conventions and seminars to connect with people who had made something of themselves. After he had completely replaced the people in his network, he decided to make a list. This list was simple. It had a column for people who would improve his life, and a column for people who would drag him down.

If someone could improve his life, he spent as much time around them as possible. If someone could drag him down, he never spent more than five minutes around them. After following his “make or break” list, the man was able to become a millionaire within three years.

No One does it Alone

The five-minute rule may be a little extreme, but there is an important lesson to learn from it: if you surround yourself with positive people who build you up, the sky is the limit.

There is an ideal in our society of the “self-made” man – a man who is able to find success through his own efforts. Now, don’t get me wrong, success does require an immense amount of determination and personal grit. However, success also depends on the ability to connect with people who have already made it.

There was once a man named Ernest Hemingway. If you aren’t familiar with Ernest Hemingway, he was one of the greatest American writers of all time. Even a great writer like Hemingway didn’t succeed on his own. He worked at a newspaper where his boss – a writer named Sherwood Anderson – helped him get his first novel published. Hemingway then connected with other no-name writers like F. Scott Fitzgerald, Virginia Woolf, and James Joyce.

This community of great writers helped to influence his style, success, and drove him to write every single day and become one of the greatest authors of his generation.

Hemingway is a testament to the fact that innate talent alone does not equal success. It’s hard to keep up a strict schedule to perfect your craft or improve yourself if you don’t have people around you with similar interests. Your network – your five key people – will determine the way you think, the way you act, and the way you approach your life goals.

Three Essential People

A mentor once told me that no matter how many close people you have in your network, if you want to be truly great, you must have three essential people in your life at all times: 

  1. A person who is older and more successful than you to learn from
  2. A person who is equal to you to exchange ideas with
  3. A person below you to coach and keep you energized

A great figure of history who embodied this principle was Aristotle. Aristotle was one of the greatest minds to ever grace this beautiful Earth, but this was only so because he was constantly challenging himself and working to refine his talents. He exchanged ideas with other Greek philosophers in the “Academy,” learned from his mentor Plato, and taught a young boy named Alexander…who would later become “Alexander the Great.”

Every great person was, is, or will be successful because of the company he or she keeps. They will make an impact because of a successful network of driven peers who provide both inspiration and healthy competition.

If you want to be remarkable, you must constantly challenge yourself and surround yourself with remarkable people. So think about what your goals are, and take a look around you. Do you need to write a “make or break” list?

Do you have the kind of people who are going to lead you to live the life of your dreams?

Don’t join an easy crowd. Go where the expectations and the demands to perform and achieve are high.” – Jim Rohn

Strive to be better. Strive to be more. Strive to beamazing.

What Pain Do You Want?

Everybody wants what feels good. Everyone wants to live a care-free, happy and easy life, to fall in love and have amazing sex and relationships, to look perfect and make money and be popular and well-respected and admired and a total baller to the point that people part like the Red Sea when you walk into the room.

Everybody wants that — it’s easy to want that.

If I ask you, “What do you want out of life?” and you say something like, “I want to be happy and have a great family and a job I like,” it’s so ubiquitous that it doesn’t even mean anything.

Everyone wants that. So what’s the point?

What’s more interesting to me is what pain do you want? What are you willing to struggle for? Because that seems to be a greater determinant of how our lives end up.

Everybody wants to have an amazing job and financial independence — but not everyone is willing to suffer through 60-hour work weeks, long commutes, obnoxious paperwork, to navigate arbitrary corporate hierarchies and the blasé confines of an infinite cubicle hell. People want to be rich without the risk, with the delayed gratification necessary to accumulate wealth.

Everybody wants to have great sex and an awesome relationship — but not everyone is willing to go through the tough communication, the awkward silences, the hurt feelings and the emotional psychodrama to get there. And so they settle. They settle and wonder “What if?” for years and years and until the question morphs from “What if?” into “What for?” And when the lawyers go home and the alimony check is in the mail they say, “What was it all for?” If not for their lowered standards and expectations for themselves 20 years prior, then what for?

Because happiness requires struggle. You can only avoid pain for so long before it comes roaring back to life.

At the core of all human behavior, the good feelings we all want are more or less the same. Therefore what we get out of life is not determined by the good feelings we desire but by what bad feelings we’re willing to sustain.

“Nothing good in life comes easy,” we’ve been told that a hundred times before. The good things in life we accomplish are defined by where we enjoy the suffering, where we enjoy the struggle.

People want an amazing physique. But you don’t end up with one unless you legitimately love the pain and physical stress that comes with living inside a gym for hour upon hour, unless you love calculating and calibrating the food you eat, planning your life out in tiny plate-sized portions.

People want to start their own business or become financially independent. But you don’t end up a successful entrepreneur unless you find a way to love the risk, the uncertainty, the repeated failures, and working insane hours on something you have no idea whether will be successful or not. Some people are wired for that sort of pain, and those are the ones who succeed.

People want a boyfriend or girlfriend. But you don’t end up attracting amazing people without loving the emotional turbulence that comes with weathering rejections, building the sexual tension that never gets released, and staring blankly at a phone that never rings. It’s part of the game of love. You can’t win if you don’t play.

What determines your success is “What pain do you want to sustain?”

I wrote in my article last week that I’ve always loved the idea of being a surfer, yet I’ve never made consistent effort to surf regularly. Truth is: I don’t enjoy the pain that comes with paddling until my arms go numb and having water shot up my nose repeatedly. It’s not for me. The cost outweighs the benefit. And that’s fine.

On the other hand, I am willing to live out of a suitcase for months on end, to stammer around in a foreign language for hours with people who speak no English to try and buy a cell phone, to get lost in new cities over and over and over again. Because that’s the sort of pain and stress I enjoy sustaining. That’s where my passion lies, not just in the pleasures, but in the stress and pain.

tumblr_lgafmiYZoC1qgmfh2o1_500_large

There’s a lot of self development advice out there that says, “You’ve just got to want it enough!”

That’s only partly true. Everybody wants something. And everybody wants something badly enough. They just aren’t being honest with themselves about what they actually want that bad.

If you want the benefits of something in life, you have to also want the costs. If you want the six pack, you have to want the sweat, the soreness, the early mornings, and the hunger pangs. If you want the yacht, you have to also want the late nights, the risky business moves, and the possibility of pissing off a person or ten.

If you find yourself wanting something month after month, year after year, yet nothing happens and you never come any closer to it, then maybe what you actually want is a fantasy, an idealization, an image and a false promise. Maybe you don’t actually want it at all.

So I ask you, “How are you willing to suffer?”

Because you have to choose something. You can’t have a pain-free life. It can’t all be roses and unicorns.

Choose how you are willing to suffer.

Because that’s the hard question that matters. Pleasure is an easy question. And pretty much all of us have the same answer.

The more interesting question is the pain. What is the pain that you want to sustain?

Because that answer will actually get you somewhere. It’s the question that can change your life. It’s what makes me me and you you. It’s what defines us and separates us and ultimately brings us together.

So what’s it going to be?

Should you buy a stock that breaks out just before it reports earnings?

1. How is the overall market doing?

Is the current outlook a confirmed uptrend or something else?

It’s generally best to avoid making any new buys while the market is in a correction.

If the outlook is “Uptrend under pressure,” that also adds risk, since it means signs of institutional selling have been on the rise and it’s possible the market is on the verge of slipping into a correction.

So as a general rule, only take on the added risk of buying a stock that breaks out ahead of earnings if overall market conditions are positive.

2. Is volume unusually heavy on the breakout?

To help minimize risk and increase the odds of success, make sure volume spikes higher on the day of the breakout. It should be at least 40% – 50% higher than normal.

A big spike in volume indicates heavy buying by institutional investors, and it’s critical to see that enthusiasm as the stock breaks past a key area of resistance (i.e., the ideal buy point in the base).

Be wary of any breakouts on tepid or below average volume, especially when a stock is also scheduled to soon report its latest earnings.

3. How far off is the earnings report?

When the stock breaks out, is it 2 or 3 weeks away from reporting or just 2 or 3 days?

The amount of time can certainly impact your risk. If a stock breaks out a few weeks prior to reporting, that can give you time to potentially build a profit cushion that can help you sit through the earnings release.

4. Does the company have a history of steady – or wildly fluctuating – earnings?

Take a look at the last several quarters: Are the numbers fairly steady or do they show huge swings from quarter to quarter?

While past reports certainly do not guarantee how a company will fare in the future, in general, it would be riskier to buy a pre-earnings breakout with a stock that has a history of wild swings.

5. Is it a top-rated CAN SLIM stock breaking out of a sound base?

To help keep the odds of success in your favor, make sure the stock has the kind of CAN SLIM traits the best stocks have just before they launch a big move.

Also make sure the chart pattern is sound.

6. How has earnings season been going so far?

Have companies generally been reporting well – and getting rewarded with a nice bump in share price? Or has sales and profit growth been generally disappointing?

Also, if some leaders have missed estimates by a penny or so, has the market just shrugged that off or has it sent those stocks sharply lower? That will give you a sense of how forgiving or unforgiving the current environment is.

It’s obviously riskier to buy ahead of earnings in a more unforgiving market.

7. How have other leaders in the same industry group reported?

If other stocks in the same industry group have already reported, how did they do? Did they show good earnings growth and shoot higher? Or did they disappoint and decline?

While that’s no guarantee of how your stock will report, that can give you a sense of the overall direction and health of the industry.

Have Your Selling Game Plan in Place

Remember: If you do buy a stock that breaks out ahead of earnings, be sure to have a selling game plan in place.  You may also choose to use stop-loss and trailing stop orders to help protect your profits and cut short any losses.

Key Trading Insights

Always wait for the best setups. When you see them, take advantage of them. If you don’t see them, don’t force them.
Jimmy Rogers, a very wealthy, very successful trader and fund manager says “I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up.” Be patient. Wait for the best setups.

Don’t mix up your time frames. If your trade is based on a daily setup, don’t pay too much attention to intraday charts. Intraday swings are more frequent and they can cause you to exit too early. Likewise, if the trade is based on a weekly chart, don’t pay too much attention to the daily chart.
As a wise trader once said, “Too much attention to price fluctuation all but guarantees financial suicide.” We need to define our plan for the trade and have the discipline to stick with it.

Diversify. No matter how strong the trend is, it isn’t a good idea to put all your money in one market or one sector.

Manage your money. Many of the top pros limit their risk to one or two percent of the account balance per trade.

If you’re buying options, buy time. The biggest problem with options is time decay. The more time you buy, the less you pay per day and the more you minimize the effect of time decay.

Have reasonable expectations. I once talked to a novice trader who lost his job and hoped to replace his income by making $50,000 a year on a $10,000 account. That’s a lot to ask in any case, but if you add the pressure of trying to replace your regular income, the stress alone can beat you.
Warren Buffet is one of the richest men in the world. I’ve read that his compounded annual rate of return for over thirty years is just under 25%.

You can’t win if you’re afraid to lose. Being afraid to lose can cause us to sabotage our trading. As a rule, risk about half as much as you think you can handle. The less you risk, the less afraid you’re likely to be, and the more likely you are to follow your plan.

If you catch a good move, be patient with your profit exit. Let your profits run, or hedge them with options. Jesse Livermore said, “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight.”

No matter how good they look, not all signals and setups work. If the market gives a good solid signal and it doesn’t work, it often results in a significant move in the opposite direction.

 In my opinion:

The most important part of the trade is knowing where you’re wrong.

The most important action is cutting losses.

 The easiest step in the trading process is getting in.

 The hardest part is letting profits run.

The keys to success are consistency and money management.

A successful trading plan essentially boils down to this:

Know what will trigger your entry

Know what will cause you to close the position with a loss

Know what will prompt you to take profits

Last but not least, we must have rules regarding money management.

Flat Base Pattern

Flat base is a powerful chat pattern that has a box-like appearance. It usually forms after a breakout from cup and handle pattern or a double bottom pattern. 

In a flat base, the consolidation lets the stock digest prior gains. Stocks can also form flat bases when the overall market is in a downtrend or can’t muster much progress.

A flat base is one of the shorter price patterns. It only needs a minimum of five weeks to take shape. Most other price structures need at least seven weeks.

– Correction in the base should be no more than 15% from the stock’s peak
– Volume on breakout day should be 40% more than average
– Entry price is 10c more than the high of the pattern