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Great wealth and prosperity happens to ones that are infinitely open to the possibilities of life. They live and believe in abundance. Vast majority of us keep some form of limiting beliefs that leads to scarcity thinking. It is fairly easy to pickup such a limiting beliefs as many of us have been thru circumstances in life that lead us to think there is not enough. Having a set of limiting beliefs that leads to scarcity thinking could be devastating for trading. Here are some examples
1) Getting upset when a good opportunity is missed as if there are no more opportunities
2) fear of loosing capital
3) setting a limit on how much you can make in trading
4) how successful you can be in your life, what you can achieve
etc etc.
How do you identify a limiting belief ?
It is fairly easy to identify limiting beliefs if you can observe the little resistance that pop-ups when you explore an idea. For e.g, consider the following statement, " I am going to make $ 1 million in trading this year ". If you can visualize, try seeing and feeling this amount as trading profit in your trading account..
Now observe the little voices of resistance that pops up, like
1) I am still learning
2) 1 million is a huge number
3) you are nuts
4) set a reasonable expectation or you will be sorry..
etc etc.. All these are limiting beliefs which prevents you or holds you back from operating at your full potential..
Start observing these little voices of resistance you encounter in every situation.. All these are the beliefs that holds you back..
They masquerade as safety mechanism to protect you from getting hurt, to keep you in your comfort zone. Once you start observing these little resistances, you are conscious about them and their impact on your decisions. Awareness is the first step in addressing these limiting beliefs..
As much as I like abundance thinking, the fact remains that when we all have finite (limited) amounts of time and capital right now, and we need to act carefully within those limitations, while still finding ways to increase our capital and, maybe even, our time (healthier living) to a more abundant state.
Abundance is how you feel inside, not about how much you have. You can have $10 million in your account and still feel not enough, needing and wanting more.
This is all true. I think once you have learned correctly and have confidence(confidence is key) behind that, that is enough to propel you through this. Once you see results over a decent period(time is relative), your mind will shift. Pushing yourself to progress little by little is what it takes. Seeing results is the key, seeing the data always helps. What new traders do is jump headfirst in and fuck themselves up emotionally and can never bounce back, not that they can never, but they are too emotionally scarred.
