The Power of Your Mind in Financial Trading

I met a lady some years back whose gut and belief in herself caught
my attention. She spoke passionately with total conviction of what she
wanted out of life without any atom of consideration in the face
impossibilities or difficulties. I glance at her graciously while I
allowed her to express herself proudly. Ultimately we became friend
and today she is my fiancee. Her emotional chemistry and belief system
became contagious and recently she just returned after physical
separation following her sojourn outside the state, she is intelligent
and adroitly in questioning about past event and likely future
decision on certain subject related to finance, relationship etc, a
strong believer in mindset, positive thinking and self-affirmation.
While she engaged me in discussion about issue bothering her mind, the
most insightful topical issue raised was the possibilities of our mind
in shaping our destiny - having financial success, wonderful marriage,
enviable family and satisfying job.Our discussion focused on the
mindset of an individual who drove decent car or lived in fabulous
mansion coupled with array of businesses but started as a trader or
broker trading for a living. They had gone into the business because
of what had been earlier told by friend or promise in seminars only to
find out something much more. I can name few people who are traders
today whose their motivation for venturing into the business was for
wrong reason like making tons of money at the inception, but later
discovered that making money in trading alone was never enough reason
to trade for living. Now they have reason to stay in the business even
when the money is not flowing as expected initially. Until you as an
individual possess mindset of such person, financial success or
trading success will be elusive. Success is significant because its
inner process will make little change in your life that will
significantly revolutionize all other aspect of your life. You have
not achieved what you set your mind at in trading because of lack of
the factors I will be sharing...DESIRE
It's part of normalcy of human
behaviour and attitude to initiate argument with reality of trading,
but I am only writing not from theory point of view but pragmatic.
Desire is focal point of all achievement. It is the master key to
unlock ingenuity and unfathomable success in any field of endeavour in
life. It's this desire that will make you think trading as a business,
perhaps will make your ultimate monetary dreams a reality. You think
trading can fulfill your dreams; desire is part of what you need to
succeed. A desire for anything is the beginning of financial
independent, career transition, marriage commitment, lofty
achievement, academic excellence and fulfillment of life mission. It's
the beginning of new you. What you don't desire, you don't
posses.Great authors such Napoleon Hill, Denis Kimbro, Brian Tracy,
Zig Ziglar and host of others from generation to generation have
written life-transformation books about desire. We all have dreams,
wishes, hopes, but never enough without strong desire. It's a
prevailing prevalent factor in the society today. For instance, a
desire for woman as a wife sometimes pushes men beyond their natural
potential in acquisition of the needs of the woman or any resource to
please or satisfy her. Same goes to trading and any business, if you
have a strong desire for trading you would not mind all you will go
through in a accumulation of knowledge that will make you succeed in
the long run.The most painful thing is most of us all lie about our
desire. What we desire is not what really want or need but what we see
other doing. At a point in your life you would love to achieve a
particular goal that emanates from desire. You will achieve those
goals if you tap to power of desire.The Power of Desire in Trading
In
order to understand the power of desire in trading you have to live in
future. For instance picture yourself what result you would like to
obtain from account statement, and assume for moment that such things
might be possible. Arouse a deep desire for these things and how you
feel when you achieve it. Become enthusiastic about it. Dwell upon it
and keep going them in your mind. Your present negative belief were
formed by thought plus feeling. Every losses you have achieved in
trading are things of the past now. Now, generate enough emotion or
deep feeling and your new thoughts and ideas will cancel them all - I
mean it will erase all emotion of losses in your brain.I got to know
about this process, I have stopped trading for a while concentrating
on working on my emotion and discipline. Follow through all my outline
process of the discipline including putting into practice what you
have just learned. As intensity of picturisation in your mind
progresses, it becomes so real that you tend to belief you can achieve
them. Winning trading always, you will see trade hitting your target
profit more often than your stop loss. You can say to yourself good
affirmation. Talk to yourself. You would start feeling more positive
about the achievement of your desire. You are using you mind because
what is more significant is invisible to the eyes. You see winning
trades in your mind before you enter them and while you don't see them
you don't enter all. This is the beginning of new beginning in your
financial trading, you start to belief yourself. As you continue your
level of adrenaline increase, your target goal becomes so real to your
mind. This principle could be used for anything you desire in life.In
this regards, vast majority lack enough desire to propel their inner
drive into action. They have low desire, they dream small, have small
goals, and achieve low. Aside trading, having in life generally
impotent goal result into laziness and procrastination of most
important activities that matters to us. For propensity of desire you
need to catalyze it. The catalysts to desire
include:Self-Awareness
Oxford Dictionary defined self-awareness as
conscious knowledge of one's own feeling, character, moods, and
desire. This awareness of your conscious thought within yourself
causes mental and emotional stimulation of positive outlook of
trading. If you have self-awareness you can direct your two minds
(rational/emotional) towards the trading result you want. Do you know
your mood and feeling control the result of your trading? May be, if
your answer is no, then your self-awareness is low. Moods and feeling
control your trading result and these elements are borne by desire.
Self-awareness will enhance your desire because it sticks your mind on
the result you wantExpandability (Expand-Ability)
In my own opinion I
explain expandability as expansion of one's ability - 'expand' your
'ability'. This is the ability to push yourself outside convectional
belief system or stereotype. Let me explain better, I was not
fortunate to trade during difficult time of using simple calculator
for calculating moving averages, pivot point and other mathematical
illustration used in technical analysis of financial market but I have
read times without number that the New York Stock Exchange or Indices
of the world is averaged at 12-15 percent per annum. You would be held
to this believe that nobody can outperform the market. Today, many
stock traders and currency traders have outperformed general market
performance. George Soros, Warren Buffett and hundred of thousand of
traders have done this.When you expand your scope of understanding
your desire increased. For instance, when I saw an account performance
of an individual who has been trading forex for few years, I was
amazed to see over 100 trades in a row without a loss. It's an
indication of discipline trading, then, my desire to learn and be more
discipline increase. Had I not had seen such a statement; I would have
striven for similar result if not the same.Warren Buffett and George
Soros performance will have push the conventional understanding of
traders and investors when they posted profit of over 30 percent on
investment. You are pushing yourself for better when you see these
results and it stirs your desire to strive for excellence because you
now believe in the possibility. Shallow desire is caused by lack of
expandability. Expandability can catalyse your desire If you have
desire and you are still struggling then work on...DRIVE
The drive is
the driver of desire. Whatever you desire is only achievable if you
have the drive to carry it through Drive is force compelled to move in
a specified direction or the urge to move in a specific pathway.
Emotion of drive makes man walk towards his goal everyday, wake at the
middle of the night thinking and researching from goals
A man who
intends travelling to another city of about 200,000miles away from his
current destination and he has never travelled more than 20,000miles
at a time driving on his own. Even if his car is in good working
condition, completely fueled for the journey he could travel as
scheduled because he has never travelled this far, he put off this for
some time. Why? He desires to travel but he lacks and discipline. His
inner drives is enervating, the drive for overcoming initial
resistance of starting. The way of breaking this pattern is seeing
himself doing it right in his mind. This goes for trader who lacks
drive for doing the right thing during trading. He lacks drive to push
himself forwards and overcoming fears of loss, fear of missing out,
and other forms fear in trading.Ask yourself this question. Why I am
in trading business? What are your answers? Do you have more reasons
for going into the business than just making money? Do you see it
beyond making all the money on a single trade? Your reason is your
drive, it drives you certain accomplishment and personal life desire.
This is building foundation of your success in trading. This drive
will also be catalysed certain factor:Ambition
If your ambition is
becoming a successful trader, you will get there with strong ambition
that ignites your inner drive. Lack of ambition is an enemy of drive.
The power to succeed in your endeavour depends on the ambition and
drive caused by it. Great numbers of people have ambition of becoming
great trader. Their drive functions optimally because of desire to
achieve financial success. They strive for excellence, do what is
necessary and eventually record great success in trading business.
While those who have ambition but have not achieved need aptitude to
drive them higher.Aptitude
The aptitude is skill and talent requires
in getting the job done. A man with ambition is a step below achieving
his life ambition without skill and talent. A trader cannot become a
great trader if he lack skills and education for surviving in the
business. A great trader has ambition coupled with skill and may be
talent; he gets this from practice, training, mistakes, and educating
himself. Aptitude knows what is being required of him, learn it and do
it until becomes your ability.