EXERCISE TO IDENTIFY CONFLICTING BELIEFS

Set a timer for 10 minutes. Write a series of statements that begin with "I am." Write as fast as you can and let every thought come to your conscious attention. It is extremely important that you do not censor any statements, especially the contradictory ones.

At the end of the 10 minutes, look at the list and cross out everything that is a fact. For example, you would cross out statements such as I am a man/woman, I am blue-eyed, I am brown-haired.

All the statements that remain are the beliefs you are looking for. The beliefs that contradict each other are of particular importance. Contradictory beliefs cancel your energy because you have a built-in mental conflict between the validity of one belief expressing itself only at the direct expense of another belief. What are some examples of conflicting or contradictory beliefs?

I have to win./I may be undeserving.
I am a winner./I am a loser.
I am successful./I've missed my chance to be successful.
I deserve more./I am guilty.
I am a perfectionist./I believe humans are inherently imperfect.
I am trusting./I am untrustworthy or people are generally untrustworthy.
I believe there is no middle ground of satisfaction between winning and failure./I am pleased with myself and my progress.
I am honest./I am dishonest or people are generally dishonest.
I believe working is the honest way of making money./I believe trading is easy money, not work.

Comments

Maximizing Your Profits with Scoring

SETTING YOUR MAXIMUM INTRADAY TRADING LOSS First things first: set a max intraday trading loss. There will be days when you just do not have it. Why do you think coaches pull their players when they are not playing well? They are more harmful on the field than off. When you are underperforming, you are hurting your team and your trading business. You need a system to yank yourself over to the bench. A stop loss is your answer. TRADING BASED UPON THE TIME OF DAY A good trader makes note of what time of day it is, when he trades most profitably, and adjusts his trading to fit such times. Your numbers at the end of the month will not reflect your true trading potential. Make the most trades with the most size during the trading periods that statistically are most profitable for you. Money saved during your weaker trading periods is money earned. Consistency The fact is that most trades you make will start working for you right away. But the new traders also hold stocks that are trading ag...

Design Your ideal Mate

The first step in finding and attracting your ideal mate is defining what you want in that person. If you don’t know what you’re looking for, your ideal mate could walk right by you and you might not even notice him or her! By clarifying precisely what you want and reviewing your list each day, you will literally program your unconscious to help you find your ideal person. EXERCISE: Design Your Ideal Mate The Ideal Mate Describe your ideal mate’s traits, habits, qualities, appearance—everything you can think of that would be important to you. The Mate from Hell If you have a hard time coming up with your “wish list,” start by defining “the mate from hell.” Write about the person you couldn’t stand to be with. What traits would they have? What qualities could you not stand? Attract Your Ideal Mate EXERCISE: Design Your Ideal Mate (continued) What Kind of Person Would You Have to Be to Attract Such a Mate? You need to become the kind of person you would like to find. Describe the va...

Disciplined Trader Chapter 2

The following typical trading errors have a specific cause rooted in a thinking methodology that can be changed. 1. Refusing to define a loss. 2. Not liquidating a losing trade, even after you have acknowledged the trade's potential is greatly diminished. 3. Getting locked into a specific opinion or belief about market direction. From a psychological perspective this is equivalent to trying to control the market with your expectation of what it will do: "I'm right, the market is wrong." 4. Focusing on price and the monetary value of a trade, instead of the potential for the market to move based on its behavior and structure. 5. Revenge-trading as if you were trying get back at the market for what it took away from you. 6. Not reversing your position even when you clearly sense a change in market direction. 7. Not following the rules of the trading system. 8. Planning for a move or feeling one building, but then finding yourself immobilized to hit the bid or of...

We care

Search This Blog