Rande Howell's Material Psychology (www.tradersstateofmind.com) | Trading Reviews and Vendors


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Rande Howell's Material Psychology (www.tradersstateofmind.com)

  #11 (permalink)

Trading Apprentice
Chihuahua, Mexico
 
Futures Experience: Advanced
Platform: Ninja Trader and Sierra Chart
Favorite Futures: TF
 
Posts: 32 since Dec 2011
Thanks: 25 given, 25 received


rahulgopi View Post
Jorge,
your understanding is correct. Once you understand the biological aspect of emotions, how emotions determines the state of mind you think from, how thinking determines the possibilities and possibilities determines your actions. Every emotions have a breathing signature and emotion cannot be maintained unless you maintain the breathing. IF you record yourself while trading and look at the places where you are fearful, you will notice how you hold your breath or do shallow breathing. it is a fun thing to watch . If you have read "Relaxation Response" , you will notice that emotions can be regulated by changing the breathing, using deep belly breathing.

Since you have already read the book and understood the concepts, you may want to put that into practice.

Choosing this route will require dedication and commitment, with breathing and developing Mindfulness. Once you have this skills it will open the door for observing the beliefs and altering them. Mindfulness is a wonderful thing to have, it will set you free from all the mindless drama you will get involved with, in life and trading.


Thanks again Rahul

I see the cycle, any disruption in your belief system makes the brain to biologically trigger the emotions. The emotions affects our thinking, and our thoughts determine our behavior and then our actions. But it is through our thoughts how we can know our beliefs.

As you said every emotion has a breathing signature as well as other physical sensations and feelings. If we are fearful our breathing becomes shallow or we even hold our breath, our heart starts beating up faster. If we are anxious or fearful, we can feel sensations at the throat or the chest or the upper stomach, if we are upset or angry the sensations would be located mainly at the middle of the stomach, and then we enter the fight or flight mode response. I have journaled all those different sensations depending if I am in the flight mode or if I am in the fight mode.

We cannot avoid all this, since this is engrained into our biological responses. However, we can regulate them by changing the breathing, starting to breath deeply and diaphragmatically, and also applying the self soothe visualization. In fact, IŽve been training myself in that aspect. I made some videos of the beautfiul beaches at Tulum, Mayan Riviera, Mexico. I do the breathing exercise while I am watching the videos and I introduced ocean sound to the videos, so everything gets connected in my mind. So once I start breathing deeply while trading. my mind can recall the beautiful and clear blue sea of the videos with the sound of the ocean and waves as the self soothing element.

In that state, we can trade from the couch or the observer, looking at our thoughts as something that our brain is producing, acknowledging our emotions, feelings and sensations and it that way understanding our beliefs. As you said, once we understand and know what are our beliefs, weŽll be able to alter them, only till we reach that mindfulness aspect we will be able to alter the beliefs.

However, what is still not that clear to me is how to peform the last part of the whole process which is exactly how to alter the beliefs, so that I start creating new neural-circuits in my brain. This is the last part of the process where I still have doubts on how to do it.

Our emotions will determine the certainty of our beliefs and thoughts. If we are fearful, then that will lead to the certainty of losing, wether if we are confident, that will lead to beliefs that we can trade profitability no matter how the market present itself and no matter how many losing trades we can have as part as our trading system, but to get that confidence we need to alter the belief system, but it is exaclty that very last part of the process where I am still not that sure of how to do it.

Any advice?

Jorge

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