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Mental fitness for traders

Mental fitness

You done everything to master the technical side of trading.  Many hours of studying Fibonacci, MACD, and price action.  You've been correlating multiple time frames and are only taking A+ trades.  

After a few weeks of consistent profitability on the sim account, you're ready to start trading live.  You've done your pre-trading preparation, and are ready for market open.  At first, you feel a new level of excitement.  You feel impatient and anxious to get into your first trade.  

Market is open and your pumped!  A few minutes into market open, you see a trade setup.  Click and "order filled", pronounced by your trade matrix.  You feel a rush of adrenalin fill your body, making your palms sweat and heart rate increase.  Immediately, the trade takes your stop loss.  You understand profitable trading doesn't mean you win every trade, and so you move on…

A few minutes later you see another great trade setup.  Another loss… this one starts to tug at your ego.  Your confidence turns to doubt.  When the next trade set up comes around, you hesitate to pull the trigger.  Your bruised confidence has affected a trading decision.  The trade pivots, then blows through your profit target.  Next, you start to think about all those negative thoughts- "Can I really do this?" "I'm not disciplined enough to trade"

What's happening?!

What's happening is that you are out of control. Your emotions are ruling your trading. At first, the above scenario plays out with most traders.  

Winning traders sense what's happening and take actions to stop it.  Successful traders invest time working on their psychology and sub conscious mind.  You see, if your conscious mind and sub conscious mind are conflicting, you will hesitate and/or make emotional decisions.  And in trading, if you let your emotions make your decisions, you will NOT become a consistently profitable trader.  

I recommend the following techniques to help you become a disciplined trader.  

  • Self-hypnosis to introduce thought patterns into the sub conscious mind.  
  • Assistance by a professional hypnotist.
  • Positive affirmations and mental visualization of "your perfect trading day". 

Trading a proven system doesn't guarantee personal success.  In addition to a solid trading structure, you must continue to work on your trading discipline.


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  • •Self-hypnosis to introduce thought patterns into the sub conscious mind.
    •Assistance by a professional hypnotist.
    •Positive affirmations and mental visualization of "your perfect trading day".
  • A few minutes later you see another great trade setup. Another loss… this one starts to tug at your ego. Your confidence turns to doubt. When the next trade set up comes around, you hesitate to pull the trigger. Your bruised confidence has affected a trading decision. The trade pivots, then blows through your profit target. Next, you start to think about all those negative thoughts- "Can I really do this?" "I'm not disciplined enough to trade"
  • johngenovese1
    Very thoughtfull post on mind .It should be very much helpfull.

    Thanks,
    Karim - Creating Power
  • Chris Dunn
    David,
    Thanks for the recommendation. That book looks really interesting. I'll give it a shot!
    My best,
    Chris
  • David
    I recommend the following book which helped me a lot:
    "Psycho Cybernetics" by Maxwell Maltz
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