Daily Mental Conditioning For Becoming a Successful Trader
Deciding to be a profitable financial
trader is the first step in becoming one. Trite you say? Not really. Missing
this one step or doing it out of order xplains why 90% of brokerage accounts go
to zero within the first year, many doing so in the first 4 months!
In addition to arbitrarily deciding
to be a profitable financial trader, a more powerful and lasting way is to use
psychological conditioning on yourself so that you CONSISTENTLY decide that you
are a profitable trader Here’s my interpretation of the method for doing this
that I learned from the famous success guru I alluded to in my comments two
blogs back.
First, write out the sentence below on a piece of paper.
“FROM THIS MOMENT FORWARD, I AM A
PROFITABLE TRADER”.
Second, consider the pain you have experienced before because you have not
consistently thought of yourself as a profitable trader. Imagine experiencing
that again in the present and future. Do this for 30 seconds. Notice how you
feel as you do that.
Third, consider the pleasure you would experience in the present and the
future if you did make this decision. Do this for 30 seconds or longer. Imagine
yourself getting a string of winning trades in your brokerage account (stocks,
options, emini market average futures, pork belly futures, orange juice
futures… whatever). Notice how you feel as you do that.
