TRADING PSYCHOLOGY 103: THE MIND, ONE'S HIGHER SELF AND FOREX EP 1
Good morning traders, many times in our trading industry we often talk about psychology and how it affects our trading in different aspects. However, how deep do we indulge when describing psychology as a vital part in one's trading life in order to achieve success. The human mind is a powerful formless (non-physical) continuum that functions to perceive and understand. As the mind is formless in nature it is not obstructed by physical objects, an advanced aspect of your true being. It is important to distinguish the disturbed states of mind from peaceful states. Each day one's state of mind determines one's ability to abide by one's rules and act accordingly in the markets. If one is unaware of their inner process of thinking, thoughts of an uncertain future and memories of a painful past will manufacture anxiety, stress, doubt and self-criticism in the present. The pressure to perform, to sustain a living, to pay the bills, if left unmanaged is what will affect one's behavior in the markets.
I took a FTMO prop firm challenge of 25,000 USD last year and some of the psychological aspects that affected me during that period were the pressure to perform and pass the challenge, the time period factor which made me make irrational judgements in the market as my main focus became to pass the challenge instead of trading carefully and consistently whose results would have led me into passing the challenge. This among other factors affected my behavior in the markets leading to bad risk management, revenge trading and overtrading hence failing my challenge and loosing my evaluation fee. This psychological pattern was also evident in some of my live account results as well especially after taking losing streaks and I took it upon myself to dive deeper into the psychological aspect of trading in relation to one's mind and higher self in order to achieve success and results.
The human mind processes about 50,000 thoughts (on average) every single day (roughly one thought every 2.2 seconds). A large majority of these thoughts are wild and order less. The thousands of thoughts a human being emits on a constant basis are all charged with a vibratory frequency that goes unrecognized to the five senses, etheric and energetic in nature. With distorted brainwave activity follows negative mind chatter and unsupportive thoughts. The subconscious mind is the highest projection of oneself, an aspect of the spirit/soul and body and it is programmable. Bad old trading habits and unwanted experiences can still be stored in the subconscious mind. Most people don't acknowledge that their subconscious mind is at play or even exists and needs reprogramming to change bad trading habits into good trading habits. Your subconscious beliefs either work for you or against you. Inflexibility breeds mediocrity in trading and the art of detachment is key. The root of all our problems as traders is found in our inability to detach ourselves from our story of survival.
I took a FTMO prop firm challenge of 25,000 USD last year and some of the psychological aspects that affected me during that period were the pressure to perform and pass the challenge, the time period factor which made me make irrational judgements in the market as my main focus became to pass the challenge instead of trading carefully and consistently whose results would have led me into passing the challenge. This among other factors affected my behavior in the markets leading to bad risk management, revenge trading and overtrading hence failing my challenge and loosing my evaluation fee. This psychological pattern was also evident in some of my live account results as well especially after taking losing streaks and I took it upon myself to dive deeper into the psychological aspect of trading in relation to one's mind and higher self in order to achieve success and results.
The human mind processes about 50,000 thoughts (on average) every single day (roughly one thought every 2.2 seconds). A large majority of these thoughts are wild and order less. The thousands of thoughts a human being emits on a constant basis are all charged with a vibratory frequency that goes unrecognized to the five senses, etheric and energetic in nature. With distorted brainwave activity follows negative mind chatter and unsupportive thoughts. The subconscious mind is the highest projection of oneself, an aspect of the spirit/soul and body and it is programmable. Bad old trading habits and unwanted experiences can still be stored in the subconscious mind. Most people don't acknowledge that their subconscious mind is at play or even exists and needs reprogramming to change bad trading habits into good trading habits. Your subconscious beliefs either work for you or against you. Inflexibility breeds mediocrity in trading and the art of detachment is key. The root of all our problems as traders is found in our inability to detach ourselves from our story of survival.
Great💯
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