George,
Have you heard of the Release Technique by Larry Crane? I understand that it is very similar to the Sedona Method. I am working through the Release Technique at the moment and it is certainly helping me on the tough days.
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There is also the Sedona Method (mentioned by George in earlier posts) which is supposed to have a similar approach to letting go of negative thoughts and conflicting feelings.
And nope, I'm not affiliated to any of theses companies.
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I just wanted to report back on how this post affected me.
In December last year I realized that even though I know a real edge with which to trade, and even though I know how to trade it, my trade event series was littered with "out of plan" trades that were taken for no other reason than fear and / or greed. My fear came in many forms, mostly fear of missing out and fear of failure. So with the mindset that I had, I would perceive an opportunity where in fact there was no real edge present, and act upon it, perpetuating strings of losses. Then I would want to make the losses back, urgently, and again not see the market clearly, and keep on taking out of plan trades. (On the few occasions when I did manage to trade with a calm and impartial mind, I managed to follow my plan much better, and traded well.)
But the fear driven trades were out of control. I really felt that I do not have any control over that, that somewhere in my mind something was "hard wired" to take those actions. Shortly after that realization, I read this thread, and started doing work with an Emotion Code practitioner in my area. I am not in a position to explain how it works, but I can say that it has helped me a tremendous amount in trading, as well as in day to day life;
Certain experiences in my past have shaped my behavior by causing my mind to form what could be called heuristics, rules of thumb or shortcuts, with which to ID threatening situations, and take protective action. Many times these behaviors that were ingrained over many years occur so automatically that it is hard to perceive of them as learned behavior, and they seem like appropriate responses, Only they are not and can and will trip you up, especially in the markets where, I believe, it is not possible to safeguard your P/L from routinely inappropriate responses. By doing the work, many of the reasons that initiated inappropriate heuristics are identified, and the problems addressed at their root causes.
Finally, I would like to caution that although I believe the Emotion Code could help a lot of folks, I don't think it's the only magic bullet you'll need, and all the other good trading practices remain valid.
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They are quite the same. The approach is a bit different but the structure is the same and the effect is equal. I am happy that it works you!
We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now. Past performance is not indicative of future results.
/George
Thank for your post, and thank you for sharing your experience. Posts like yours gives meaning to these threads. Hopefully other struggling traders find the strength and the courage in order to to dig deep inside themselves, and find what's on the other side!
Trade well, and have fun doing it
We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now. Past performance is not indicative of future results.
/George
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I completely agree with the general concept, people should take control, it is possible to control your own energy and by doing that affecting the energy around you. But i think a big part of that is learning how to cope with things that happen, good or bad, the best way you can. There are many things we cannot affect, we can only control how we react, cope, and how fast we get back on our feet and move on. Moving is what's really important.
I'd recommend "How the Mind Works" book by cognitive scientist Steven Pinker. The book attempts to explain some of the human mind's poorly understood functions and quirks in evolutionary terms.
Another great book is "Thinking, Fast and Slow" by Daniel Kahnema, Nobel Memorial Prize in Economics winner.
Hope that helps.
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Thanks George for this valuable post. I believe in those three ways. "In order to get rid of fear of success (or whatever change you need to make) you have to neutralize that stored energy." I love this quote.
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Thanks for this thread bumped on it at a great moment in my life. Currently experiencing great development as a trader and its been a month since I begun practising self-hypnosis and consequently making BIG strides.
I have discovered 95% of trading techniques put out on the internet don't really count when it comes to making a trader profitable. Conventional knowledge on trading strategies and (or) indicators, whether Technicals or fundamentals do not have a reasonable impact on a trader's development. What creates an impact is when a trader takes the knowledge and turns it upside down, meaning that the trader must take the methodologies, strategies and Tools and make them his/her own, fully own the process by being independently creative and innovative.
Doing this requires a mindset that is absolutely different from the one the trader had when he/she started learning the skill and having this mindset requires traders to work on their psychology at a subconscious level. There's no Holy Grail, Methodology, strategy and Tools. There's only ONE thing, THE TRADER!
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Know your daily pH....it should be alkaline 7.4 or so and above (during the day at or above 8.0 ideally)....the mind will function well if alkaline....if your pH is below 7 (acidic) the mind and body will not function well....
Learn how to control and manage your pH....you will find an all raw vegan diet works best to promote and maintain an alkaline environment for body and mind.... lots of info on the web about pH to explore....
Also look at being grounded 24/7....see Earthing.com....this plays a big part in creating an ideal pH and so a well functioning mind and body...
I’m back to studying trading in the zone by Mark Douglas. Inside and outside, backwards and forwards. Going through chapter by chapter and studying each paragraph making notes, highlighting, and underlining. Developing a winning attitude is the key to success. According to chapter 3 it’s all about winning attitude and very little analytical skill is needed
Analytical Skill is #1 , Douglas books are a waste of trees imo , each to their own , Method based on empirically proven , statistically significant evidence is where its at , without probability you have nothing . RULES
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I guess you might also find the Law of Attraction useful too, right?
Dream on. Without the necessary trading skills you will never, ever succeed and fulfill your dreams. Period.
Trading psychology is important, but only after learning how to trade. Make good money on the simulator first, while learning how to manage your emotions, and then trade live - continuing your emotion management training!
You may have years (decades?) of internal mind programming to undo in order to succeed. Not gonna happen through a winning attitude alone.
Wake up my friend and stop wasting your valuable time.
Richard
Hong Kong
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It is amazing that you guys get so hung up on words like “analytical”. Rules and probability is exactly what Douglas teachers are the primary sources of developing a winning attitude. You put the cart before the horse when all you care about is methodology. Maybe you don’t have a problem with emotions and maybe you’re making tens of thousands of dollars per day. More power to you, I’m happy for you. Keep doing what you’re doing but don’t bother trying to tell me that analytics is the key to success. Because it is not. Never have been never will be.
You sound like a rude and ignorant person Rick. If your emotions and beliefs and attitudes are all out of whack, how can you trade your way into success with a great methodology??? Why would someone want to get the methodology right first, instead of those emotional issues? Sounds like you’re just trying to mislead and trap people into an approach that will never work.
Oh and by the way, it does not take years to undo emotional issues, and wrong believes, and negative attitudes if you know the CORRECT approach for changing them. It does take time, and effort, and energy but not years of losing trades like yours. You may enjoy being a total loser, but some people have figured out the correct approach to becoming a successful consistent winner.
The first step of course, would be NOT listening to people like you.
What I did say is that Douglas is teaching exactly what you are talking about, but you are dumping all over him and dumping all over me for no good reason.
It does not sound like you have any specific point at all other than dumping on people.
Dude i never got personal you did , i gave an opinion i said each to their own , dont make something out of nothing
" don’t bother trying to tell me that analytics is the key to success. Because it is not. Never have been never will be. "
^^^^^^^^^^^ your words , i think you might be incorrect but thats ok , relax man go read that waste of trees and stay positive . books full of anecdotes and subjective crap arent my thing , its yours and thats ok as well . Do what makes you happy but if you are only into confirmation bias dont get bent out of shape and get all hurt when its non conforming . It wont change shit . good luck stay positive , save a tree ...
OK Homie, no problem. I was only trying to be positive about the subject of psychology on a thread that is about psychology and it’s positive aspects on trading.
Trading: Emini ES, Emini RTY (TF), Crude CL, Eurex DAX, EuroFX 6E, Forex EurUsd and Hang Seng HSI
Posts: 47 since Mar 2011
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Hi,
If you're not using automation trading...psychology and analytics becomes important. Yet, analytics must be defined as in if the trader is using a method that's been backtested, if the trader is using a method that has quantitative statistical analysis of simulation trading and real money trading.
In fact, I strongly believe that the analytics & psychology can work together and help each other if the trader documents both. The trader can then use that info to make adjustments in their trading that's beneficial.
Yet, at the same time, a book or books on psychology alone will not be helpful if the trader does not understand the statistics of their trading.
The following user says Thank You to wrbtrader for this post:
Would you mind telling where you learn to become an EFT? I'm interested. I did go through the TBM with a former chiropractor before in Dallas and also myself is a Reiki practioner. However, I don't find these two are enough for me either. I'd like to check into this EFT. Please tell me more about it. The time it takes to learn and the duration when you feel your amazing transformation even though it could be very personal based. Thanks in advance.
Ted
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As a level II certified FEFT practitioner, I will be more than happy to help.
you can also learn more about it at the following: https://fastereft.com/
Let me know if you need any more info
All the best,
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