Term
| CONSISTENCY: A STATE OF MIND - How they think about how they do it and how your thinking when you do it. |
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Definition
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Term
| Your state of mind is a by-product of your beliefs and attitudes. Your situation could suddenly shift to joy buy your state of mine would be an external shift and not a result of an internal shift in your attitude. If you depend on outside conditions and circumstances to make you happy, then its unlikely you'll be happy on a consistent basis. People who are happy don't have to do anything to be happy. They are happy people who do things. |
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Definition
| Traders don't try to be consistently successful, its a natural expression of who they are. Trying to be consistent will negate your intent by mentally taking you out of the opportunity flow. |
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Term
| Having to try indicates your expecting to get something from the market. The best traders stay in the flow because they don't expect anything from the market. They take when the market offers and nothing is blocked or hidden from awareness. |
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Definition
| Our minds are wired to avoid both psych and emotional pain. When you expect something and don't get it your pain avoidance mech kicks in. When you take yourself out of the flow, you enter the realm of woulda, coulda, shoulda, which in the moment was invisible. |
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Term
| We can't pick and choose info on the basis of what will make us happy, give us what we want, or avoid pain. The threat of pain generates fear, which is the source of 95% of errors in trading. Learn to accept the risk and fear disappears. |
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Definition
| ACCEPTING THE RISK - Accepting the consequences of your trades without emotional discomfort or fear. |
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Term
| Don't put on a trade if your afraid of the consequences; your fears will act on your perception of the info and your behavior in a way that will cause you to create the very exp you fear the most. |
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Definition
| You are perfectly satisfied to let the market do whatever it's going to do. Everyone starts out carefree, then scared, and fears diminish potential. The ones who break the cycle, stop avoiding and start embracing resp and risk. Most don't make the shift in thinking until so much pain from large losses has a positive effect of stripping away illusions about trading. No one can explain it but speak in axioms like 'go with the flow' or 'cut your losses'. The how of the shift isn't important. |
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Term
| If you can learn to create a state of mind that is not affected by the market's behavior, the struggle will cease to exist and trading will be easy. |
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Definition
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Term
| ALIGNING YOUR MENTAL ENVIRONMENT |
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Definition
| Being aware of something doesn't auto make it a functional part of who you are. Awareness is not a belief. You can't assume learning something new means you can act on it. Contradictory beliefs and nonfunctional awareness are flawed mental software code. Find it and fix the flawed code with willingness and desire. |
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