Wednesday, June 28, 2017

Changing Your MindSet

If you don't know where you are going, 
you'll probably end up somewhere else.
- David Campbell


To be a successful trader over time, you must obtain the mindset; following the rules of your plan is pleasurable and breaking the rules is painful. When you follow the rules, you will still lose money sometimes, and losing money is always a little bit painful. You must convince yourself and understand that the pain is normal and natural; just like the occasional cut you receive. You must become able to accept, on an emotional level, that the pain is unimportant, that it will pass. Success is a process of change, and pain is part of that process.

The essential element of being successful is mastering the art of managing both our mental and physical states. Given adequate knowledge; the problem of changing, of taking effective action, depends on having the right motivation, to act upon our knowledge. Since we know the lack of
motivation; is the result of limiting associations, values, and beliefs, then it follows that in order to begin the process of change, we should examine the content of our minds and isolate those limits?

The objective is to achieve a mental state in which the pursuit of our goals is pleasurable and not pursuing them is painful. The way to change is to unlock your subconscious and discover your limiting associations and beliefs; then to replace those limiting associations, beliefs, and values with new ones that will put us on the path of our choosing. All of the Technical and Fundamental knowledge of the Stock Market will not make you money; if you have deep down inside you - limiting beliefs and values. Those limiting beliefs and values will eventually come to the surface and force you to deviate from your successful plans.

To achieve the changes you desire, there are three basic tools: the physical body, the conscious mind and the automatic workings of the subconscious mind. These three are already working all the time and they behave interactively, either supporting or destroying one another. This is not any easy task by any means. If you are serious about changing, I suggest you seek out other sources, much has been written and spoken about this subject and is available to you if you have the desire to change.

1 comment:

Paul Davey said...

Enjoying someone else who is forward thinking and saying it like it is with out all the BS I am seeing online these days when it comes to talking about trading.