Add to this the fact that 75 % of your thoughts are negative and it is surprising that we are functioning as well as we do.
These findings from neuro science have a major impact on the way you trade, as all of life’s outcomes are influenced by our expectations.
In other words what you focus on consistently eventually becomes reality. Since 75 % of your automatic thoughts are negative and hidden from your conscious mind, it should be obvious to every trader that in order to create lasting trading success you need to clear up your thinking.
There are several ways in which you can train your monkey mind to become more channelled, working for you, instead of working against you:
I am going to share one technique with you which I personally use and shared with other traders with great results:
Life (trading) live from the question
Living life from the question simply means asking yourself constructive questions about your trading which will lead you to adopt more resourceful thoughts which soon manifest in improved trading and increased self awareness.
Awareness creates trading success. Getting into the habit of asking resourceful questions is a powerful tool that increases mindfulness.
You can only change what you are aware of
Particularly if you are new to trading, learning techniques to improve self awareness ought to be a top priority. Your psychology is the fuel that drives your trading success, while your trading system is the engine.
I have spent years on learning and developing easy to use techniques to increase mindfulness and self awareness. These techniques helped me to improve my trading and led me to write books helping traders with their trading psychology.
So: “What is a resourceful Question?” I hear you ask
Let’s us first look at what it is not: Asking questions like “Why have I just lost for the third time in a row?”, or: “When is this market going to become easier to trade?” are futile. Don’t go there. If you find your inner talk is along those lines stop yourself right now. You are clogging up the neural pathways, obfuscating your focus, while also delaying your ability to enter into a mental state that aids the creation of trading success.
The mind has a way to add steps, instead of what I call “going direct”. Going directly to the core of your issues speeds up the path to trading success, every time.
Here are some great questions you should ask yourself on a regular basis, perhaps several times a day:
This content is restricted to site members. If you are an existing user, please log in. New users may register below for FREE.