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Thursday, August 29, 2019

Key Financial Ratios for Stock Analysis !!!

Key Financial Ratios for Stock Analysis

Fundamental analysis of stocks requires understanding various aspects of the business and valuation. Financial ratios allow an analyst to quickly analyze a business and its operations and understand the financial situation of a company. These ratios answer many different kinds of questions that can be asked about a business performance. Included in this financial ratios list are 17 ratios used as indicators for valuation, profitability, liquidity, business activity and leverage. Normally, many of these ratios need to be understood in the context of a benchmark, such as, past historical norm, or industry standards.

We will outline some of the key financial ratios classified according to the aspect of the business they describe. Further detailed information can be had by visiting the pages each of these terms link to. Some of these are stock ratios that illuminate the valuation aspect of the stock, while other ratios speak directly to the various business indicators. So without further ado, let's get to the list of financial ratios every investor needs to know with reference to value stock guide.

Key Financial Ratios for Valuation

As investors, we are mostly interested in business valuation ratios. The following ratios provide indicators to tell us if the stock market is valuing the stock fairly. The judgement of fair valuation depends on the typical valuations for similar companies in similar industries. Many factors come into play and often times these ratios can get out of the typical range due to certain atypical business or industry conditions. Investors should take these ratios as merely indicators of value, not the final arbiter of value.

• Price to Earnings Ratio (P/E): A measure of how the stock is priced in the market relative to the earnings per share

• Price to Book Value (P/B): A measure of how the stock is priced in the market relative to the book value per share

• Dividend Yield: Describes the dividend an investor will receive as a percentage of the price paid for the stock

• Dividend Payout Ratio: Amount of earnings or net income the company pays out as dividends to the shareholders. The company needs to keep a part of earnings for its operations and future growth. A very high dividend payout ratio could be unsustainable.

• Enterprise Value/EBIT (EV/EBIT): This is a similar ratio to P/E but considers the full capital structure of the business (Enterprise Value = Equity + Debt - Cash). Describes the multiple an acquirer will expect to pay to acquire the entire business.

• PEG Ratio: P/E ratio normalized for growth rates. Adjusts for the fact that high growth companies may command a greater P/E ratio in the market.

Key Financial Ratios for Profitability

Profitability ratios let us take a deeper look into the attractiveness of the business from a business owner's perspective. They answer the question: as a business owner, am I earning adequate return on my various assets? Am I able to generate profits efficiently?

• Return on Equity: Profitability of the company as a percent of shareholder's equity

• Return on Assets: Profitability of the company as a percent of total assets

• Earnings per Share (EPS): Annual earnings of the company expressed as a per common share value

• Profit Margin: Amount of profit a company makes for every unit of sales
Key Financial Ratios for Liquidity

Here we talk about the operational flexibility in the business. Share liquidity is a separate concept. Liquidity ratios answer questions about the ability of the company to meet its day to day obligations.

• Current Ratio: Describes the coverage current assets of the company provide for the current liabilities

• Quick Ratio (Acid Test): Same as Current Ratio but does not include inventory in the current assets since inventory can be hard to quickly convert to liquid cash when needed

• Interest Coverage: The ability of the company to pay interest on its debts out of Earnings Before Interest and Taxes(EBIT). This ratio is an indicator of the solvency of the company

Learn more: stock trading basics

Key Financial Ratios for Business Activity

The operating efficiency of a company is indicated by the business activity ratios. This includes measures of product movement as well as the cash to cash cycle.

• Inventory Turnover: How many times does the company sell or replace its inventory in a given period. Faster moving inventory is a good sign for companies where the inventory depreciates fast.

• Average Collection Period: How long does the company take on average to collect its receivables? A larger number indicates the company is extending long term credit to its buyers and will need a larger working capital to back up this gap

Key Financial Ratios for Leverage

Great companies make judicious use of debt or leverage. Leverage ratios indicate the strength of the capital structure and the available collateral. Debt financing is economically cheaper than equity but it ties up company assets as collateral.

• Debt Ratio: Proportion of company's assets that is financed by debt.

• Debt to Equity Ratio: The amount of debt leverage used by the company vis a vis the equity in the capital structure

So there you have it. Use this list of key financial ratios to understand any business or stock you are analyzing. These ratios are best to help you value a company as an investor and you use them as you need. These can be part of your stock selection checklist. But be aware that to find the best stock picks, you need to have a more rounded understanding of the stock market then just knowing these ratios. There are limitations of financial ratios that can lead you astray if you are not careful. You will find it useful to spend some time and learn the stock market concepts.

Kindly Note : All ideas and materials presented herein are for informational and educational purposes only, and is not intended for commercial or trading purposes. Neither does it mean to misguide anyone. Kindly make informed decisions on your own risk. Neither livettcelearn.blogspot.in website nor any of its owner shall be liable for any errors or delays in the content or for any actions taken in reliance thereon.

# Born Winner !!!

Kindly Note : All ideas and materials presented herein are for informational and educational purposes only, and is not intended for commercial or trading purposes. Neither does it mean to misguide anyone. Kindly make informed decisions on your own risk. Neither livettcelearn.blogspot.in website nor any of its owner shall be liable for any errors or delays in the content or for any actions taken in reliance thereon.

Inspirational Quotes That Will Change Your Life !!!

Here is a collection of inspirational quotes by successful and famous figures that will fill you with hope, optimism, and determination.

How Traders Rebound From Losses !!!

I firmly believe that what truly separates the 10% of winning traders from the 90% that lose is the trader’s mindset. The vast majority of traders think they want to trade until the losses hit them over and over and they just can’t mentally and emotionally handle it and end up quitting entirely. I believe the following ten principles separate the quitters from the winners in the stock market.

How Winning Traders Rebound, make a Come Back, and Never Quit

1. They accept losing trades quickly but it does not define them, they learn and try again. The next trade will be more wise than the last one.

2. They compartmentalize emotions by not blaming themselves but understanding the historical expectancy of their systems returns.

3. They have a bias toward action by constantly doing things that move them closer to their goal of being a rich trader. (Homework, chart study, reading, being mentored, back testing, etc. )

4. They change their minds sometimes, they know when to stop doing something that does not work and move in the direction of trading success through new lessons. They learn what type of trading is right for them.

5. They prepare for things to go wrong through risk management and position sizing instead of just going naively toward their goals they are ready to make adjustments as needed.

6. They’re comfortable with discomfort, they will accept losses and draw downs in their method, they are willing to pay tuition to the markets to get to where they want to be.

7. They’re willing to wait, they patiently improve each day setting themselves up for those winning trades that will be very profitable in the future.

8. They have trading heroes that inspire them to be better than they are now and give them the hope of achieving their dreams.

9. They have more than passion they are on a mission, their desire for success gives them the drive to not quit until they win.

10. They know only time separates them from their goals of success in the markets.

The Trend is Your Friend !!!

“The trend is your friend” is one of the best known sayings, although it’s message is incomplete. The full version should be, “The trend is your friend, until the end when it bends.” The trick with buying stock is to to be patient through the small changes in price until you can identify the point when the trend makes a change in direction or “bends.”

In this article, we’ll define how to identify a trend and what has to happen for a trend to change. Before we get started, please note that the trend-following methodology should only be applied to stocks with strong fundamental metrics—like strong and improving revenues (sales) and earnings.

What’s a downtrend?

A downtrend is a series of lower highs. At each of those points, sellers are deciding that they have had enough and it is time to get out of the stock. When these sellers perhaps urgently accept lower prices to dispose of their stock, the number (supply) of stocks pressures price lower and helps the trend to continue lower. By a lower high I mean that each new attempt the stock makes to rally and increase in price turns lower before the price gets as high as the previous high. This is seen in the following chart where the price line spikes upward, but not as high as the prior spike, on the way down.

A Downtrend in Action

If an investor considered to buy this stock during the period shown in the chart, that investor would be buying the stock in a downtrend. There are many ways to lose money in the market, but I think that buying a stock in a down-trending has the highest probability. Of course the trader wants to be successful in making money. A smart trader will use trend following as his friend. He will wait until the trend changes direction with a new higher high price on the chart. This is the sign of a change from downward to upward trend.

What’s an uptrend?

An uptrend can be defined as a chart with consistently higher lows. At each higher low, traders are deciding that the pullback in price is a good time to purchase more of the stock. The buying pressure of more and more investors deciding to buy the stock adds more demand and so a higher stock price. This can be shown on the stock chart as the stock continues to move in an uptrend.

A Change in Trend in Action

As a stock is mired in a downtrend, traders can look back and identify the most recent interim high price where the sellers turned price lower. At this point, I recommend that one consider buying the stock if and only if it goes up above that most recent high price. The current price rising above the most recent high price is what signifies that the trend in price may have changed from down to up.

Key Points

Trend—a stock’s overall direction—is the second most important technical tool next to Volume.
It’s when a trend changes that traders should consider potentially entering or exiting a trade.
To identify a potential change in trend, look to the stock’s Volume and Price Direction —the most important technical tool in my opinion.

If
you're a trader, make money trading the ST direction - week/ day combo.

If you're an investor, make money investing the LT direction - Year/ Month combo.

Typical traits of intraday moves in uptrend: Gap up, trade down most of the day; recover towards the end of the day.

Typical traits of intraday moves in downtrend: Gap down, trade up most of the day; fall down towards the end of the day.

How To Spot And Trade A 5-Wave Elliott Wave Structure !!!

The Elliott Wave Theory !!!

Introduction

Elliott Wave Theory was developed by R.N. Elliott and popularized by Robert Prechter. This theory asserts that crowd behavior ebbs and flows in clear trends. Based on this ebb and flow, Elliott identified a certain structure to price movements in the financial markets. The article serves as a basic introduction to Elliott Wave Theory. A basic 5-wave impulse sequence and 3-wave corrective sequence are explained. While Elliott Wave Theory gets much more complicated than this 5-3 combination, this article will only focus on the very basics.

Wave Degrees

The labeling convention shown above is a hybrid between that shown in the Elliott Wave book and the Elliott tools from SharpCharts. In Elliott-speak, this labeling convention is used to identify the degree or level of the wave, which represents the size of the underlying trend. The upper case Roman numerals represent the large degree waves, the simple numbers represent the medium degree waves and the small-case Roman numerals represent the small degree waves. The trends start with the largest degree (Grand Supercycle) and work their way down to waves of lesser degree. For example, the Cycle wave is one larger degree than the Primary wave. Conversely, the Primary wave is one lesser degree than the Cycle wave. Wave 1 of (1) would indicate that Wave 1 is part of a larger degree Wave (1). Wave 1 is a lesser degree than Wave (1).

In reality, most chartists will only use 1 to 3 wave degrees on their charts. It can get quite complicated trying to apply nine Wave degrees or even just using the labeling convention in the order provided. Chartists using 1 to 3 wave degrees can simply label the highest degree waves with upper case Roman numerals (I,II,III,IV,V,a,b,c), the middle degree waves with numbers (1,2,3,4,5,A,B,C) and the lowest degree waves with lower case Roman numerals (i,ii,iii,iv,v,a.b,c). This provides three distinct groups for labeling various waves.

Basic Sequence

There are two types of waves: impulse and corrective. Impulse waves move in the direction of the larger degree wave. When the larger degree wave is up, advancing waves are impulsive and declining waves are corrective. When the larger degree wave is down, impulse waves are down and corrective waves are up. Impulse waves, also called motive waves, move with the bigger trend or larger degree wave. Corrective waves move against the larger degree wave.

The chart above shows a rising 5-wave sequence. The entire wave is up as it moves from the lower left to the upper right of the chart. Waves 1,3 and 5 are impulse waves because they move with the trend. Waves 2 and 4 are corrective waves because they move against this bigger trend. A basic impulse advance forms a 5-wave sequence.

A basic corrective wave forms with three waves, typically a, b and c. The chart below shows an abc corrective sequence. Notice that waves a and c are impulse waves (green). This is because they are in the direction of the larger degree wave. This entire move is clearly down, which represents the larger degree wave. Waves a and c move with the larger degree wave and are therefore impulse waves. Wave b, on the other hand, moves against the larger degree wave and is a corrective wave (red).

Combining a basic 5 wave impulse sequence with a basic 3 wave corrective sequence yields a complete Elliott Wave sequence, which is a total of 8 waves. According to Elliott, this complete sequence is divided into two distinct phases: the impulse phase and the corrective phase. The abc corrective phase represents a correction of the larger impulse phase.

These 8-wave charts show two larger degree waves (I and II) as well as the lesser degree waves within these larger degree waves. Waves 1-2-3-4-5 are one lesser degree than Wave I. By extension, Wave I is one larger degree than Waves 1-2-3-4-5. Waves a-b-c are one lesser degree than Wave II.

Fractal Nature

Elliott Wave is fractal. This means that wave structure for the Grand Super Cycle is the same as for the minuet. No matter how big or small the wave degree, impulse waves take on a 5-wave sequence and corrective waves take on a 3-wave sequence. Any impulse wave subdivides into 5 smaller waves. Any corrective wave subdivides into three smaller waves. The charts below show the fractal nature of Elliott Wave in action.

Three Rules

Believe it or not, there are only three rules when it comes to interpreting Elliott Wave. There are many guidelines, but only three HARD rules. These are unbreakable. Guidelines, on the other hand, are bendable and subject to interpretation. Furthermore, these rules only apply to a 5-wave impulse sequence. Correction, which are much more complicated, are given more leeway when it comes to interpretation.

Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.

Rule 2: Wave 3 can never be the shortest of the three impulse waves.

Rule 3: Wave 4 can never overlap Wave 1.

Wave 2 cannot move below the low of Wave 1. A break below this low would call for a re-count. Even though Wave 3 is typically the longest of the three impulse waves, there is a specific rule that it cannot be the shortest. 1 or 5 can be longer than Wave 3, but both cannot be longer than Wave 3. It is probably best to use percentages or log scales when measuring Wave length. Elliott Wave indicates that Wave 3 must exceed the high of Wave 1. Failure to exceed this high would call for a re-count. Impulse moves are all about making progress. Failure to exceed the high of Wave 2 would not be making progress. The third, and final rule, is that Wave 4 cannot overlap Wave 1, which means the low of Wave 4 cannot exceed the high of Wave 1. Such a violation would call for a re-count.

Three Guidelines

There are numerous guidelines, but this article will focus on three key guidelines. In contrast to rules, guidelines should hold true most of the time, not necessarily all of the time.

Guideline 1: When Wave 3 is the longest impulse wave, Wave 5 will approximately equal Wave 1.

Guideline 2: The forms for Wave 2 and Wave 4 will alternate. If Wave 2 is a sharp correction, Wave 4 will be a flat correction. If Wave 2 is flat, Wave 4 will be sharp.

Guideline 3: After a 5-wave impulse advance, corrections (abc) usually end in the area of prior Wave 4 low.

The first guideline is useful for targeting the end of Wave 5. Even though Wave 5 could be longer than Wave 3 and Wave 3 could still be longer than Wave 1, chartists can make initial Wave 5 projections once Wave 4 ends. In a larger uptrend, chartists simply apply the length of Wave 1 (percentage change) to the low of Wave 4 for an upside target. The opposite is true for a 5-wave decline. The percentage decline in Wave 1 would be applied to the high of Wave 4 for a Wave 5 estimate.

The guideline of alternation (2) is useful for determining the time of correction for Wave 4. After a sharp decline for Wave 2, chartists can expect a relatively flat correction for Wave 4. If Wave 2 is relatively flat, then chartists can expect a relatively sharp Wave 4. In practice, Wave 2 tends to be a rather sharp wave that retraces a large portion of Wave 1. Wave 4 comes after an extended Wave 3. This Wave 4 marks more of a consolidation that lays the groundwork for a Wave 5 trend resumption.

The third guideline is useful for estimating the end of a Wave II correction after a Wave I advance. Waves I and II are the larger degree waves. Waves 1-2-3-4-5 are lesser degree waves within Wave I. Once the Wave II correction unfolds, chartists can estimate its end by looking at the end of the prior wave 4 (lesser degree wave 4). In a larger degree uptrend, Wave II would be expected to bottom near the low of lesser degree Wave 4. In a larger degree downtrend, Wave II would be expected to peak near the high of lesser degree Wave 4.

Elliott Wave personality and characteristics

Elliott wave analysts (or Elliotticians) hold that each individual wave has its own signature or characteristic, which typically reflects the psychology of the moment. Understanding those personalities is key to the application of the Wave Principle; they are defined below. (Definitions assume a bull market in equities; the characteristics apply in reverse in bear markets.)

Five wave pattern (dominant trend)	Three wave pattern (corrective trend)
Wave 1: Wave one is rarely obvious at its inception. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to revise their earnings estimates lower; the economy probably does not look strong. Sentiment surveys are decidedly bearish, put options are in vogue, and implied volatility in the options market is high. Volume might increase a bit as prices rise, but not by enough to alert many technical analysts.	Wave A: Corrections are typically harder to identify than impulse moves. In wave A of a bear market, the fundamental news is usually still positive. Most analysts see the drop as a correction in a still-active bull market. Some technical indicators that accompany wave A include increased volume, rising implied volatility in the options markets and possibly a turn higher in open interest in related futures markets.
Wave 2: Wave two corrects wave one, but can never extend beyond the starting point of wave one. Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs appear for those who are looking: volume should be lower during wave two than during wave one, prices usually do not retrace more than 61.8% (see Fibonacci section below) of the wave one gains, and prices should fall in a three wave pattern.	Wave B: Prices reverse higher, which many see as a resumption of the now long-gone bull market. Those familiar with classical technical analysis may see the peak as the right shoulder of a head and shoulders reversal pattern. The volume during wave B should be lower than in wave A. By this point, fundamentals are probably no longer improving, but they most likely have not yet turned negative.
Wave 3: Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1.	Wave C: Prices move impulsively lower in five waves. Volume picks up, and by the third leg of wave C, almost everyone realizes that a bear market is firmly entrenched. Wave C is typically at least as large as wave A and often extends to 1.618 times wave A or beyond.
Wave 4: Wave four is typically clearly corrective. Prices may meander sideways for an extended period, and wave four typically retraces less than 38.2% of wave three (see Fibonacci relationships below). Volume is well below than that of wave three. This is a good place to buy a pull back if you understand the potential ahead for wave 5. Still, fourth waves are often frustrating because of their lack of progress in the larger trend.
Wave 5: Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed (recall how forecasts for a top in the stock market during 2000 were received).

Range Bar Charts !!!

Simple Guide How To Get In “The Zone” For An Optimal Trading Experience ... !!!

If you’ve watched the movie The Matrix, you are undoubtedly familiar with an iconic scene showing Neo and Morpheus going hand to hand.

At one point, we see a shot of Neo taking a big hit from Morpheus which causes him to fall to the ground. They then exchange the following dialogue:

Morpheus:
“How did I beat you?”

Neo:
“You’re too fast…”

Morpheus:

“Do you believe that my being stronger, or faster, has anything to do with my muscles, in this place?”
“Do you think that’s air you’re breathing?”

This is followed by a shot of Neo’s face that shows realization and understanding of Morpheus’s points.

The fight then continues, with both Neo and Morpheus’ performance approaching parity.

At which Morpheus says:

“What are you waiting for? You’re faster than this. Don’t think you are. Know!”
“Come on, stop trying to hit me and hit me!”

The next shot shows Neo’s arms moving twice as fast as Morpheus’, followed by a nervous look on Morpheus’ face. This shot helps the viewer see that Neo has just moved faster than what Morpheus can perceive, thus altering the matrix.

Fascinating scene….

Here it is, for all of you, visuals.

Thinking too much

We’ll get back to that scene in a moment, but if you’re anything like me, your thoughts are pretty much impediments to the proper execution of your trading plan. A simple act of self-analysis through introspection and looking into your trading journal will undoubtedly yield the same conclusion –most of your trading errors originate from overthinking.

Here’s the typical pattern:

§ Something happens – e.g. XYZ gaps down below your stop

§ You perceive the event

§ You immediately interpret it through the lens of your accumulated past experiences

§ Since being wrong has caused you a great deal of pain in the past, you see this event through the same lens

§ An emotion arises in response to the meaning you have given that new event

§ The energy of the emotion demands action

§ You either freeze, go hide, or over-thinking some more — you essentially act in a way that seems mandatory based on your interpretation of that emotion and the event.

And this whole process happens within micro milliseconds. Literally!

Now, the fact is that there may be other ways to interpret an event. And sometimes, it may not be helpful to interpret it at all!

There may also be other ways to react to the emotional energy. And it may not be helpful to react at all!

Coming back to the Neo Vs. Morpheus scene, Morpheus was attempting to lead Neo to that same conclusion, so that he could drop to a level outside of concepts and interpretations, go with the flow, and just focus on what is.

From this moment of unparalleled presence, when one’s mind is calm, clear, and focused; when the process of meaning-making is suspended, performance usually goes through the roof.

As you may know, these moments are commonly called “flow,” or, “Being in the zone” and accessing this state on demand is not that easy.

We live in a society that’s constantly bombarding us with stimulation; continually telling us to pay attention to this; to be afraid of that; to worry about this… and not only that, our mind has a natural tendency to get unconsciously captured by this constant conversation we’re having with ourselves.

And all of this keeps us distracted from the present moment –this unique moment in our existence.

No matter what you do in your life, you’re really in two conditions while doing it:

§ You’re paying attention to the thing you’re trying to pay attention to.

Or,

§ You’re lost in distractions.

If you’re truly paying attention, in essence, you’re connecting to a moment in your life that’s deeply fulfilling and rewarding.

If you’re lost in distractions, by definition, you’re thinking about the past; thinking about the future, but you’re not here.

And so, that’s the first spell you need to break if you are to enter that state of flow on a consistent basis – you have to learn to be present.

Here’s how:

Before the market opens, come in early (say 10-20 minutes in advance); just sit there quietly, hopefully in a quiet room, and cultivate a quiet mind.

Focus on your breath — the autonomous, natural, automatic breath, not the self-directed one – at the level of the nostrils.

Observing the autonomous breath is interesting because it happens “outside of the ego.” Nobody is at home doing it, yet it just happens.

This is very important, so don’t forget that.

Now, this can be quite hard to detect when you start out, so do not worry if you don’t get it at first.

Just pay attention to the exact moment of breathing in. An unconscious impulse to fill your lungs with air becomes slightly conscious; this impulse triggers your “wanting to breathe.”

Try simply to observe that impulse without grasping, without attachment, without creating stories.

The stories will still be there, but they will become less dominant over time if you commit to returning your attention to the breath when you have noticed that you got distracted.

The more you do that – the more you take some time for yourself before the market open to observe yourself — the more you’ll be able to calm yourself before the open; before you enter the chaos.

While people are losing their minds (the first hour following the open is volatile for a reason), you’ll be able to handle your emotional swings with more stability.

This is an important edge. Don’t neglect it!

Access concentration

At certain points (not all the time) you will experience what is sometimes called “access concentration”, or “flow” if you will. This is the point where nothing will distract you from the object of the breath. Your awareness rests effortlessly on its object without wavering. Liking and disliking cease to exist.

Conceptual thinking dramatically decreases exponentially. Thoughts still appear, but they are in the background. They inform you, like any other sense organ, as just another feeling, instead of psychotically dominating your world. Mind, body, and experience become one!

In trading, this is really the ideal state you want to inhabit. A quiet mind is able to hear intuition over fear; a quiet mind is able to execute with boldness; a quiet mind is not afflicted by emotions — emotions might arise, but they do not torment you. So you’ll spot your trades effortlessly, you’ll place them effortlessly, and you’ll manage them effortlessly.

Everything will flow through you naturally… and you’ll feel it. You’ll feel when it’s the right time to take action, you’ll know… you’ll just know, and it’s going be an effortless process.

Conclusion

Flow is a very important concept that you’ll need to understand on your way to consistent profitability. But it’s not always easy to inhabit that state on demand because a certain set of conditions need to be met for that to happen. And few people actually know how to do that reliably. Sometimes the mind has a mind of its own…

By Yvan

🌟🌹 🇪🇹🇪🇷🇳🇮🇹🇾 🌟🌹