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The Way of the AttitudeTrader

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The Way of the AttitudeTrader

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  #221 (permalink)
Toronto Ontario Canada
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

AttitudeTrader View Post
The past several months have been mostly a theme of struggle for me with my trading. I've kept at it, but my efforts have felt mostly like grasping at straws.

At the beginning of this year I was looking at price action in a certain way, and while I wasn't clear about what I was doing, the basics of it were the way I knew I wanted to be trading.

But I was continually frustrated by the lack of an appropriate way to approach it. I don't mind working hard, and I love to learn, but I wasn't sure what to work at, and I wasn't sure what to work on learning.

As you probably already know, I'm a firm believer that attitude is really the determining factor in success or the lack of it. I've been studying positive thinking and its myriad variations since I was in my late teens, so I understand a lot about it. But my lack of success in applying it in my life was an area of extreme frustration for me. Although I did a lot of studying and I always did the exercises - meditations, writing, visualization, etc. - I still couldn't seem to achieve any noticeable changes in my life. With everything I knew about it, I should have been wildly successful with it.

Over (a lot of) time I have come to realize that my "problem" wasn't in understanding the concepts or doing the "work." What I came to realize is that the "problem" was that I wasn't living it. In other words, even though I was doing the exercises, meditations, etc., they made up a very small part of my day. And then I would spend the rest of my waking hours worrying, being frustrated, being aggravated, being unhappy with my circumstances, etc.

It became clearer and clearer to me that the thoughts I spent the most time thinking were very similar to the circumstances that I was actually experiencing.

Then last October I decided to read a book that I already knew about but had decided months earlier was one I didn't need to read. As soon as I finished the first "lesson," I knew it was the key that would help me begin to live what I had already learned.

Within 3 weeks of starting it, I was having surprising things happening to me. I did it for a few more months and continued to have improvements in my life, but apparently they weren't dramatic enough for me to keep it up, so I slacked off from it quite a bit.

Things stagnated for me, my business slowed down to almost nothing, and I was in a very worrisome place. This was a little after the beginning of the year and I was really trying hard to get a handle on my trading. I was having some success with my "training," but other than teaching myself to be consistent, I wasn't really making any other headway.

Fast forward to the beginning of May. I made a post about my commitment to change my habits of thinking for the whole month and I did it. In another post, at the beginning of June, I talked about how my business had increased exponentially during May, without any extra effort on my part.

I also said that I intended to do basically the same thing for the month of June, and again, I have. This month my business has continued the pace it started in May, which is a nice financial relief.

Not only has my business situation improved over the course of both months, but my life in general has improved.

But something far more profound has just happened within this last week of June. I inadvertently (which is the way things seem to happen to me when I'm maintaining this attitude) discovered some information about a way of looking at price that brought almost immediate clarity to what I had been trying to do with my trading. It was like a light on a dimmer switch - as soon as I began to learn about it, the light came on but it was dim. Then as I read and studied, the light became brighter and brighter, and very quickly I had a clarity about how to proceed with my trading that I haven't had before.

It will take time, study and work, but now I know what to spend my time on. I know what to study. I know what to work on.

And I firmly believe that this is a result of my deliberate work in changing my habits of thought - in changing my attitude.

I don't want to start a discussion about all of the books, methods and concepts out there, because different things work for different people. But for anyone interested, the book I'm referring to that has been "the one" for me is The Magic by Rhonda Byrne.

I've recommended it to family members and others who have all reported significant positive results in their lives. I also spend a lot of time listening to the audiobook The Power (by Rhonda Byrne), and skimming through my collection of books by Abraham-Hicks, but this book is the first thing I've tried that has made a nearly immediate, and definitely noticeable, difference in my life when I use it.

I'm beginning to think that trading is really not all that different from any other endeavor. I believe that success in anything (work, finances, relationships, health) boils down to your habitual attitudes about it...and about life in general.

And this attitude of gratitude that I've been cultivating lately is shaping up to be a game-changer for me.

I like your attitude, I too was at a point of plateauing and did not know how to get over the hump so I decided to enrol in TSTU's CTD. My knowledge at that time got me to a positive average over 4, 10 day trading cycle but not enough to get funded, roll overs, sure, not a problem. I really did not want to spend the next X months, to years trying to figure out how to get over the hump. (on my own)

Best money I've ever spent on my trading education cause I thought I understood price action, oh how I was wrong. The course touches on Price Action of week 2 of 20. When you understand the concepts and apply them to real time trading, it really snow balls as each weeks lectures do build onto the next, so not understanding one concept will hinder your understanding for more advanced stuff.

Until I learned how to draw a consistent trend line based on some simple rules, my previous trend lines and support and resistance levels were all "best fit" lines. My results from those best fit lines were inconsistent so I could not build enough confidence in my own ability of drawing trend lines. CTD talks about trend lines for week 6 as this is when it starts to get interesting, but week 1-5 are the foundations to a consistent trader as is stated in their intro video. I've gone back and re-watched any lecture I did not truly understand when I encountered that concept in real time trading and did not know how to apply it or what to look for to apply it.

It really is something to look into and if you say what is true, about the hard work, Bob and Mike will take note of that.

And I'm just a regular TST recruit, I'm not benefiting financially by promoting CTD.

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June 30, 2013

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