Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I heard of this book a few years ago, but didn't read it. Thanks. Interesting. I'll take a look at the link you have. I could use some help with this. I am on a trend of 3 days winning trades (live) and then one good day when I knock everything out, mostly because I'm not trading my plan or I've lost my mind due to some emotional reaction to a bad decision or an impulsive trade. LOL
I hadn't ever heard it described quite that way to have unresolved emotions layered one on top of the other -- or that this process would be like cleaning the cache or computer system.
I've started trying to use the questions. I can see it'll take making it a habit, as George has pointed out (21 days - or more). It feels like such a bother, initially. LOL But when one considers the alternative (or the possible reward)..
I have read the book as a whole. then I have written down my thoughts, feelings and wishes. in a kind of diary. Now I have input from start anew, with each chapter. I have filtered the data that was important for me. Now I build it all together in a variety of documents. sedona I use mainly for my fear, greed, lust and impatience before and after each trade. 21 may be a good number, but each one is different. I can let go. this I have been working continuously or according to need by. But you must really understand only the principle, but to write is very important. ...for my own learning goals. I practice all the exercises alone.
I previously had the disposition to overtrading and closed my positions too early. Now I can sit and wait for my signal. Of course I still have some of my recurring problems such as fear and greed and impatience. I thought incessantly on optimization.
Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
I'm reading Chapter 11 in The Sedona Method right now, but need to slow down and go back through it, doing more of the exercises.
I very much liked the visual given that if you go beneath your emotions (via the releasing methods given) that peacefulness and just being are there at all times. I never thought of it that way... and just that thought makes it more inviting to have make the effort to get to that state of being (from fear, anger, etc.).
In Chapter 2, I liked the way they described a person trying to affect one aspect of life, only to find that other areas shifted before the main target. I think, for me, that helps take the focus off the outcome so much as the process. In general, I find things work out better for me if I don't focus on a particular outcome, and this reinforces that idea for me.
Kind of the same idea... but a few years back a friend recommended a little book titled "The Secret of Letting Go" by Guy Finley. Like the Sedona method, he promotes the concept that if you can first acknowledge an "issue", you then are empowered to release it. And by letting go, you tap into a creative potential that is always available but seldom utilized. Book should be available in your local library.
This is what the Sedona Method & Mark Douglas are trying to teach us; being a trader is about being in the now moment and letting go of past painful experiences that inhibit taking high-probability set-ups.