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Self-awareness

  
  Education
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1) the recognition that our thinking and our emotions are intertwined and both influence our perception and judgment that leads to our decisions and actions (this view also happens to be consistent what the leading brain scientists are now saying)

2) much of our motivation – the intertwined thinking/emotion that drives our behavior – is actually subconscious, e.g. we assume we are trading the market but on other levels we are also trading our P&L and our feelings about our P&L  (and what our P&L represents to us) is just one example.

3) when we understand (self-awareness) the underlying/subconscious motivation for our behavior we are in a better position to choose an alternative.

Obviously, nothing can guarantee change or improvement (contrary to many claims made by pseudo “experts”), but at least an approach that emphasizes expansion of awareness puts the odds in your favor. (more…)

4 Words For Traders :Hear ,Receive ,Believe & Apply

  
  Education
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HEAR

To HEAR you have to listen and listen intentionally. You will not HEAR properly if you are focused on other things. This situation is especially true on a webinar or during the trading day when the markets are open. It is essential to set distractions aside and HEAR what is being stated.

RECEIVE

To RECEIVE something you have to HEAR it and come into agreement with it.  To RECEIVE is to take it unto yourself and personally grab hold of what you have heard and make it your own.

BELIEVE

To be successful you have to believe that what you HEAR and RECEIVE can add value to your current situation. You have to BELIEVE that a specific strategy repeated and correctly  executed, regards of any specific outcome, will provide successful results over time. You will act on what you believe In all areas of life.  Please make sure you really do BELIEVE it and are not allowing any contradictory mindset to compete with your belief because it is possible to hold two opposing beliefs at once. This is being double minded and leads to instability.  Being firm and unswayed in what you BELIEVE can lead to becoming a successful trader. (more…)

4 Main Reasons Why Traders Fail

  
  Education
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# They do not understand that the markets are a mirror of life on a chart. Markets are a living thing and reflect crowd behaviour and your own, view of the world. CAVEAT:  How you see yourself and the world is buried deeply in the subconscious part of your mind.

# Traders do to understand their own authentic personality hence they find it hard to settle on a trading style. Know yourself well, it makes THE difference between long term trading success or  failure.

# Traders fail to notice how they transfer the feelings and emotions of  the collective consciousness to their trading believing that their emotions and feelings are their own. Self awareness brings market knowledge, literally.

# Traders have subconscious mental blocks which they supress with superficial positive thinking and learned discipline. We all have blocks, to think that you are the one who has not is dangerous arrogance. Welcome to the experience of oneness!

Examine Your Beliefs

  
  Education
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There is lot of talk of trading psychology , but what exactly are the 3 or 5 things you can do to improve your psychology.
If you want to increase your muscles you go and lift weight
If you want to improve your stamina, you go and run daily
If you want to reduce weight you eat less and exercise more
What exactly do you need to do to improve your psychology.
First starting point if you want to improve your psychology is by examining your beliefs
You can only trade what you believe in.
Your beliefs drive your behavior. (more…)

Three Steps In Overcoming Trading Fears

  
  Education
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1)  Slow Down – That fight or flight response speeds us up.  Under the influence of an adrenaline rush, our thoughts race, our bodies tense, and blood flows shift to the motor areas of our brains.  When we sit still, breathe deeply and slowly, and focus our attention, we slow down the body’s fight or fight responses.  Cooling down when events heat up is a great way to stay mindful and planned.  The best way to cool panicky feelings is to keep the body in a chilled state incompatible with those feelings.

2) Treat Emotions As Information – Your emotions are either telling you about a genuine threat in the world or a perceived one.  The key is sorting those two out.  If you can stay mindful and use the emotion to trigger an analysis of the situation, you can either appropriately act on the threat or remind yourself that your reaction is more to the past than the present.  When you treat emotions as information, you go into information processing mode, not blind action mode.

3)  Rehearse To Perfection – Too often we step onto life’s stage without proper rehearsal.  Any situation that generates a threat response can be mentally rehearsed through vivid visualization.  If we can keep ourselves chilled when we imagine stressful situations and visualize ourselves acting constructively, we create new mind-body connections that eventually carry over to real life.  If you conquer a fear 20 times in vivid mental rehearsals, it’s much harder to overreact to the 21st situation that occurs in real life.

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