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)
Norman Vincent Peale (author of the Power of Positive Thinking and many other books) speaks about setting up your day with conditioning your mind with positive thoughts the night before. Also he recommends conditioning your mind each morning.
Here is an example of conditioning your mind for happiness:
"Every morning, before arising, lie relaxed in bed and deliberately drop happy thoughts into your conscious mind. Let a series of pictures pass across your mind of happy experiences you expect to have during the day. Savior their joy. Such thoughts will help events to turn out that way."
p61 Power of Positive Thinking, Chp 5 how to Create your Own Happiness.
We often find a quotation, thought or idea that through "translation" we can amend to a situation currently facing us.
We can take the quote above and "translate" it to trading.
Happiness ==> Trading success.
So
""Every morning, before arising, lie relaxed in bed and deliberately drop happy thoughts into your conscious mind. Let a series of pictures pass across your mind of happy experiences you expect to have during the day. Savior their joy. Such thoughts will help events to turn out that way."
can be translated to:
"Every morning, before arising, lie relaxed in bed and deliberately drop thoughts of trading success into your conscious mind. Let a series of visualizations pass across your mind of trading successes you expect to have during the day. Savior their joy. Such thoughts will help events to turn out that way."
It can become more powerful if we "make it our own", if we personalize it.
Add to it, expand it, deepen it by making it "for us".
Starting:
"Every morning, before arising, lie relaxed in bed and deliberately drop thoughts of trading success into your conscious mind. Let a series of visualizations pass across your mind of trading successes you expect to have during the day. Savior their joy. Such thoughts will help events to turn out that way."
-----------
Personalize and deepen:
Each morning see your day and your trading unfold with ease and grace.
You wake up with a big smile, and expectation of a great day ahead (like a child on Christmas morning!). You wash, grin, and hum a happy tune. You do some stretches, make a nice breakfast brew a wonderful cup of steaming hot coffee and drink in the aroma.
Gathering your data you review your charts. It's going to be a great day - you just know it!!
You can sense the rhythm of the market as you review your charts and picking up an intuitive sense how the market will trade.
This market is going to break and break hard!!
See yourself perfectly executing a great trade. Your timing is perfect. You are confident and relaxed. The price rises to take your order magically just filling it and then no sooner you are filled on your short the price starts to fall like a rock. A huge red five minute bar unfolds picking up momentum as forms.
Your P&L is soaring!
It's a flash crash and you are riding the wave!!
The dollars are piling up like magic!!!
Then it seems to pause, rise and then the plunge continues - smashing through one support level after another.
You sense the bottom. Volume comes in and a doji forms on the one minute. The tide is turning. You CAR.
Up and up it rises and your profits continue to mount. At the 50% the market falters and you close out!
You captured 60 points in 35 minutes! You're done for the day!
You jump for joy! You let put a huge holler of joy! You give thanks and go for a walk to savoir the beautiful day.
:-)
"You can be unhappy if you want to be. it is the easiest thing in the world to accomplish. Just choose unhappiness. Go around telling yourself that things aren't going well, that nothing is satisfactory, and you can be assured of being unhappy. But say to yourself, 'Things are going nicely. Life is good. I choose happiness.' and you can be certain of having your choice."
p58 The Power of Positive Thinking
I had found that I was doing the former. Reading this I realized I must change the tone of my outlook.
So I have decided to adopt
Things are going nicely.
Life is good.
I choose happiness.
The main straight media (MSM) by in large focuses on what is going wrong - thought the news, financial press etc. and so people around us. Throughout the day there are a variety of events which we might label "good" or "bad".
Establishing the tone of your outlook to be positive can be assisted in a few ways.
1. Seeing the good around you
2. Seeing what you achieved today
3. Seeing how something "bad" might be a "good" in disguise (silver lining)
4. Seeing the good the beautiful, the joyful, the loving, the successful in your mind's eye (visualization)
3. Seeing how something "bad" might be a "good" in disguise (silver lining)
Each day I update my various spreadsheets (which have data and statistics of the day). This is a long job, perhaps an 1.5 hours in the morning and 3 in the evening after market close. There are several spreadsheets (which have grown size over time) and data from one feeds to another - not linked but paste values.
In the morning I gather the o/n high and low and enter it in the spreadsheet one. This i pasted values to a second spreadsheet - the main calculation spreadsheet. Then at day's end data from #2 goes to #3 which in turn feeds #4.
This morning I found that I had made an error in the high low data of the o/n session. This meant I needed to revisit all the 4 sheets to updating values in all the places the wrong data existed. A lot of work.
However, in reprinting my end of the day reports I noticed that the o/n range was only displayed as F0 (instead of F2) for the graph summary paste. This has existed for a long time. By making the mistake I today noticed this error meaning it won't carry-forward from now on.
So a "bad" produced a "good".
It was initially discouraging for it mean extra work but really the extra work means I have a caught an error.
So under accomplishments for today I can add to the list:
1. Fixed error in printout summary display
---------------------------------------
Look to re-frame "bads" to "goods". Sometimes it might be a while (several day, weeks etc) before you see how the bad was a good in disguise.
If you create and establish the belief:
"Within every setback or challenge lies a greater benefit"
in your belief structure (your subconscious rule set), you will find the good much sooner.
To help you can consciously say to yourself:
"I don't see the good in this at this time but there is good and I will understand in the future."
Further to your example on resentments this is a very good spiritual point. If we hold resentments it is like drinking poison hoping it will hurt those who have "wronged" us. If our own spiritual environment becomes weakened, discolored or polluted the framework, or basis from which we are operating is weakened and impaired.
Just as a healthy body provides strength to our mental processes and clarity of thought, so too does a healthy spirit provide strength and empowerment to our daily lives and to operating "in the flow".
I believe being of healthy spirit also increases our ability to receive intuitive insights and so can provide the breakthroughs we need to solve problems or for new inventions or new techniques.
(So for a trader, new techniques could be a trading setup or system)
I have felt for quite some time that "blocks" have been hindering my success.
By blocks I mean deep beliefs that we hold in our subconscious (beliefs that we may not even be aware of having and if we were asked we would scoff at the notion).
e.g.
I do not deserve abundance.
I do not deserve success.
Often we develop these in childhood (through experiences, belief structures of our parents etc)
"Our subconscious beliefs are our baseline. State control is temporary and will always revert to base. you cannot maintain a relaxed and focused attitude if you are continually worrying about money (belief: money is scarce; there is not enough). This relaxed state will inevitably be sabotaged by emotions of anxiety and fear, because as long as you have damaging beliefs about money, these emotions will continuously generate within yourself."