Hello Rich, it is very interesting what you wrote:
I only have some doubts:
a) why did you choose that list to be mentioned. Some of those mentions reinforce what the the brain brings into our thougts or minds and make us engage in bad habits. Or to say it other way, those exactly the thoughts that comes to our mind and make us feel uncomfortable, so why to say them or mention them again if they are already in our minds making us feel upset.
b) Do you repeat or think on those mentions or do you read them? I ask this, because we know that the market is dynamic and most of the times you do not have time to think deeply in order to take your next decision. For example, you tighten your stop loss to break even and the market hits the stop loss and then the market returns into your direction, you need to act fast to make another entry fast, and you do not have time to think in your emotions or on the mentions you stated. An many times it was a correct decicion to take another entry right away, because your indactors are telling you and the mistake was to tighten the stop loss, so as I said, you need to take the deccision right away without thinking, if you think the market is gone.
c)The purpose that you included in your trading plan, do you read it often to have it presence in your mind, and if so, how often and at what time?
d)The Deceptive Brain Message and the uncomfortable sensations you stated are the ones the I think we all experience, so how do you specifically apply the four steps you mention of "you are not your brain" I mean, how do you relabel the negative brain message, how do you reframe it, etc.
I have started to listen to the audo e-book "you are not your brain".
I think this is the key for us to become master or pro traders.
I bring them up in pairs only. The one your identify with and it's opposite. By switching between the two, you begin to see the illusion in both. As a trader, we shouldn't identify with any of them... Even "I want to be profitable."
Well, the only real mistake is to not follow your trading plan. (I think. It's a pretty broad statement. Probably I could criticize it. But anyway..) If everything is in your plan, and it probably should be, then you remove the thinking from your trading and can focus on getting into the zone. For example, my plan says, move stop to BE after a close beyond the 5 min pivot. But as it approaches the pivot, I start to have a thought that says ... "I'm in and I want to tighten my stop and protect my profits or get out," but my plan says don't do it yet. The thinking is a deceptive brain message because it takes me away from who I am (which is defined with my mind) as stated with my goals, values and trading plan. By being cognizant of what my automatic habitual thinking is (which comes from my brain), then using Sedona method to think about it and it's opposite, the thoughts begin to lose their grip on you. Then you remember your trading plan and regain self control to follow you plan.
It's when your having the thoughts and not able to observe them that you are tempted to not follow your plan. However, being aware is not enough. By using the four steps you can disengage it's grip on you. With trading it particularly difficult because it's addictive by it's nature. Our brain biology and chemistry lends itself to bad habits that feel good.
You can act fast without thinking when you are in the zone. Your brain quiets down and you don't have all of these thoughts. Your plan helps you do this. Trading is reduced to, what does my plan say. And once you know that as a habit, there's not much to think about. So i agree, there should be no thinking. But if there is, use Sedona or the four steps to help the thoughts lose their grip on you and get back to no thinking.
I review my plan in the mornings about two times per week before I trade.
Relabeling it is just going through the cognitive step of telling your self that it is a deceptive brain message that is driven by chemistry. It (the message) is nothing more. Remind yourself that you are defined by your mind, not your brain chemistry.
With revalue, your focused on the urge behind the defective brain message. This may take a little work and planning to sit with the thoughts and find the emotions behind them. I listed what mine were. "Fear of failure" etc.
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