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The 7 Essential Trading Rules

  
  Education
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1)      Begin each trade with the end in mind (have a game plan)

 2)      Always maintain a “P.M.A.” (Positive Mental Attitude)  

3)      Avoid falling in love with investments and positions

 4)      Only invest when you have an “EDGE” 

5)      The market does not know your position or how much you are up or down

 6)      Manage Your Risk: H + W + P = E

(Hoping + Wishing + Praying = Exit the Trade)

 7)      Play the game “One Trade at a Time” 

(The most important investment is the one you have right now – not the one you had in the past or the one you want to do in the future)

Traits of a Successful Trader

  
  Education
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We urge you to use this checklist for your own trading and investing preparation.  We truly feel that these traits are very important for you to understand.  These trader traits coupled with the proper psychology can make a huge positive difference in your overall trading performance.     

•  The ability to act on your decisions.

•  The ability to accept responsibility for your actions.

•  You must have emotional detachment from the markets.

•  The ability to accept risk and take losses (you’ll never be right 100% of the time). (more…)

Wealth Principles

  
  Education
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  • Your income can grow only to the extent you do
  • If you want to change the fruits, you will first have to change the roots.  If you want to change the visible, you must first change the invisible.
  • Money is a result, wealth is a result, health is a result, illness is a result, your weight is a result.  We live in a world of cause and effect.
  • Thoughts –> Feelings–>Actions–>Results TFAR
  • When the subconscious mind must choose between deeply rooted emotions and logic, emotions will almost always win
  • If your motivation for acquiring money or success comes from a non-supportive root such as fear, anger, or the need to “prove” yourself, your money will never bring you happiness
  • The only way to permanently change the temperature in the room is to reset the thermostat.  In the same way, the only way to change our level of financial success “permanently” is to reset your financial thermostat.
  • Consciousness is observing your thoughts and actions so that you can live from true choice in the present moment rather than being run by programming from the past.
  • You can choose to think in ways that will support you in your happiness and success instead of ways that don’t.
  • Money is extremely important in the areas in which it works, and extremely unimportant in the areas in which it doesn’t.
  • When you are complaining, you become a living breathing “crap magnet”
  • There is no such thing as a really rich victim!

(more…)

Apprasing Your Trading Relationship To Pride- 10 points

  
  Education
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1.Does your self-esteem rise and fall with your latest trading ?
2.Have you ever taken a trade just to prove your ability as a trader ?
3.Do you brag about your winning trades to others ?
4.Do you try to hide your losing trades from others ?
5.Do you ever make up false stories about your trading to impress others ?
6.Do you worry about what other people  think of your as trader ?
7.Make an honest self-assessment of your trading.
8.Complement yourself and give yourself credit when you do something right.
9.When you make a mistake or do something that doesn’t serve your trading ,plan how you will correct this tomorrow or in the future.Say to yourself ,”That’s not like me.I can do better.”
10.Notice your improvement and commit to doing better each day ,week ,month ,and year

3 Thoughts On Freud And Trading

  
  Education
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1) We internalize our sense of self from our significant relationship experiences.Relationships serve as a kind of psychological mirror, by which we can experience ourselves through others. If our relationships are positive and healthy, we’re more apt to internalize a positive sense of self. It’s only a small step from this insight to the realization that we have a relationship with *all* of our life activities. We experience ourselves through our trading: over time trading without an edge and without proper risk control virtually ensures that our trading will take a personal toll.

2) We defend ourselves against sources of anxiety. These defense mechanisms may keep us from becoming anxious, but they often are maladaptive and create problems in social and work situations. If we’re feeling inadequate or vulnerable, we might defend against these feelings by jumping into trades or by avoiding markets altogether. What we do to manage our feelings often is the opposite of what we need to do to properly manage our money and positions.

3) We tend to replay conflicts in past relationships in our current relationships. These unresolved problems reappear in different situations until we find resolution. Many trading problems occur when we act out our needs for recognition and self-worth in our trades. The trader who breaks rules when trading and takes undue risk often is needing the markets to provide desired emotional experiences, not just profits. To the degree that we act out our personal issues in markets, we can’t be fully focused on those markets.

A summary of Freud’s view would be the dictum that those who fail to learn from history are condemned to repeat it. It is our repetitive patterns across situations of uncertainty and gain/loss that can take us away from doing what we know to be best.

Wealth Principles

  
  Education
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  • Your income can grow only to the extent you do
  • If you want to change the fruits, you will first have to change the roots.  If you want to change the visible, you must first change the invisible.
  • Money is a result, wealth is a result, health is a result, illness is a result, your weight is a result.  We live in a world of cause and effect.
  • Thoughts –> Feelings–>Actions–>Results TFAR
  • When the subconscious mind must choose between deeply rooted emotions and logic, emotions will almost always win
  • If your motivation for acquiring money or success comes from a non-supportive root such as fear, anger, or the need to “prove” yourself, your money will never bring you happiness
  • The only way to permanently change the temperature in the room is to reset the thermostat.  In the same way, the only way to change our level of financial success “permanently” is to reset your financial thermostat.
  • Consciousness is observing your thoughts and actions so that you can live from true choice in the present moment rather than being run by programming from the past.
  • You can choose to think in ways that will support you in your happiness and success instead of ways that don’t.
  • Money is extremely important in the areas in which it works, and extremely unimportant in the areas in which it doesn’t.
  • When you are complaining, you become a living breathing “crap magnet”
  • There is no such thing as a really rich victim!
  • If your goal is to be comfortable, chances are you’ll never get rich.  But if your goal is to be rich, chances are you’ll end up mighty comfortable.
  • The number one reason most people don’t get what they want is that they don’t know what they want.
  • If you are not fully, totally, and truly committed to creating wealth, chances are you won’t.
  • The Law of Income:  You will be paid in direct proportion to the value you deliver according to the marketplace.
  • “Bless that which you want.”  -Huna philosophy
  • The secret to success is not to try to avoid or get rid of or shrink from your problems; the secret is to grow yourself so that you are bigger than any problem.
  • Money will only make you more of what you already are.
  • The true measure of wealth is net worth, not working income.
  • The habit of managing your money is more important that the amount
  • Either you control money, or it will control you.
  • The Rich see every dollar as a “seed” that can be planted to earn a hundred more dollars, which can then be replanted to earn a thousand more dollars
  • Action is the “bridge” between the inner world and the outer world
  • It is not necessary to try to get rid of fear in order to succeed
  • If you are willing to do only what’s easy, life will be hard.  But if you are willing to do what’s hard, life will be easy
  • The only time you are actually growing is when you are uncomfortable
  • Training and managing your own mind is the most important skill you could ever own, in terms of both happiness and success

Passion & Hope -Two Key Drivers

  
  Education
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The two key drivers of success in any endeavor is passion and hope.

Passion creates the energy to do what we need to do to get to where we want to go. Many times money is just the side effect of the work we do driven by our own passion and desire for success with little thought given to the monetary reward that could happen during the battle for success. When we are passionate about something we just love doing it, we just love the game itself and everything about being in that game and playing it. True professionals do not use their bank account as a daily motivator to work, they are doing what they were born to do, they are just being who they are and what they are.

Hope is what gets us up in the morning and keeps us working toward our goals. Hope gives us the ability to do hard work today for a potential reward in the future. Hope sees an account at $0 and sees that it could be over a million dollars if the right plan is followed. Hope gives us the energy to work hard in our present circumstances believing that we are receiving an education that will show us the path to where we want to be. The greatest cause of depression is being realistic about the present and future and the loss of hope in tomorrow.
being better than today.  Know what you want, and understand how to get there. If you are willing to do what you have to do and be willing to pay the price that your goal costs you can have what you want.

“A man is a success if he gets up in the morning and gets to bed at night, and in between he does what he wants to do.” 
― Bob Dylan

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