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Be transformed by the renewing of your mind. In this page I will
put the thoughts that I have used to help me stay in the market.
Trading the markets, especially the futures market, is probably
the hardest thing you will ever do. If it were easy, everyone
would be doing it. You are competing against the world. Everyone
else who is playing this game is trying to take your money away
from you. The competition is staggering. You will be like David
and Goliath. The odds will seem overwhelming, but there is help.
Trading involves a staggering amount of money and it can quickly
undermine your financial security. Your core beliefs, the hope
you have, your self esteem are all tied in some way to your financial
security. What I want to attempt to do is give you golden nuggets
that you can use to encourage you to keep going.
Trading will try your patients and endurance. Your true character
will show when the trades dont go well. I almost have a desire
that trading my system will not go easy for you because if your
character is not proven, the money this system will give you will
quickly evaporate. We have all heard of lives being destroyed
when people win the lottery. They were not prepared for the fortune
they would have. The love of money is a root of all sorts of evil.
Take these thoughts as lights that will guide you in dark times.
*****
I once read a book about emotions. A couple was sun bathing on
a beach that was warmed with a gentle breeze. The seagulls were
flying overhead as the waves gentle washes onto the sandy beach.
It was a perfect summer day setting by the shore. Their feelings,
as they laid on the blanket, were peaceful and tranquil. A feeling
of happiness filled their lives at that moment.
Some one came up to them and frantically told them that a tidal
wave was about to hit this beach and everyone should get out of
here as fast as possible. Now for the moment, their apparent circumstance
did not change, but with a new belief that a tidal wave was coming,
their emotions had change drastically. They were now fearful and
scared for their lives.
Trading will fill you with fear and greed. One moment you will
be excited and confident about your trade. The next moment fear
will over come you. The market will go against you and unless
you are very discipline with your trading, you will not know what
to do. You must control your emotions to be successful with your
money. Your first golden nugget: Be transformed by the renewing of your mind.
What are your beliefs? What do you believe the market can do to
you? Can it destroy you? If you lose your money, will it effect
your life, make you less successful, or take away your self-esteem.
How do you renew your mind? It is a lifetime occupation of replacing
the falsehoods that have been put there from your childhood. You
need to discover the truth about money as an adult. It is very
difficult to determine how many falsehoods you are living with
but, the level of your trading success will greatly be influence
by the beliefs you have and what you hold to be true.
*****
Hope can be a feeling that something desirable is likely to happen.
In trading it is the possibility that you will make $10,000 just
by making two phone calls to your broker, one to buy and one to
sell. Its so simple. Yet each trade can take your hope from you
and cause you to come to despair. Too many loses will make you
close your account, not because you are out of money, but because
you have become exasperated. How do you keep hope going? When
is it foolish dreaming or genuine perseverance? It might be hard
to tell the difference but one thing is sure. If you quit you
will never make those two $10,000 phone calls.
Hope deferred makes the heart sick, but desire fulfilled is a
tree of life. How do we get through those times when we are discouraged?
You may have heard that you should have faith in God or faith
in yourself. Many people apply faith to keep hope alive. There
is nothing wrong with this approach. That may be one way for you
to develop and strengthen your hope. But there is another side
to hope.
Suffering is part of the trading game. Every time you take a loss
you are suffering. Too much suffering and you will lose hope.
But wait! Rejoice in your suffering, because suffering produces perseverance;
perseverance produces proven character; and proven character yields
hope. And this hope does not disappoint.
Your inner strength can come from the very thing that would destroy
you. The "suffering" you feel when your stop loss is hit is the
very thing that will bring you hope if you see your trading in
this light. Proven character is a highly desirable trait and is
sought after by all who would achieve their desire. The qualities
you have as a person will determine if you can hold on to your
hope.
*****
I once saw a cartoon where a giraffe was eating leaves off a tree.
The tree was higher than the giraffe. He had eaten all the leaves
off the lower branches. Now he was stretching his long neck as
far as he could up the tree to eat more leaves. It was evident
that he would never be able to reach all the leaves on the tree.
The tree was too tall. The caption read, All I want is a little
more than Ill ever get.
This cartoon has a haunting message that portrays ones attitude
towards a necessity of life. We all need money. But he who loves
money will not be satisfied with money, nor he who loves abundance
with its income. As your account increases so will your desire
increase to want more.
There is a very thin line that you must not cross. There is a
state of mind that makes your trading a force that keeps you from
enjoying yourself and all that you do in life. The desire for wealth can enslave you and take away your ability
to make choices that enrich your life, not just your account.
It is very important to understand this.
If you are enslaved by money, your decisions in your trading will
be constantly influenced by your master. You will stay in trades
too long, wanting more profit. You will trade too many contracts.
You will not see the obvious warning signs that a trade is going
bad or take the necessary actions in time.
Trading can take the enjoyment from your days as you toil under
the sun during the few years that you live. You have heard or
will come to the realization that life is short. Learn to enjoy
what you have, whether it is a little or much. The markets may
give you riches and wealth, but it can not empower you to be satisfied
with your condition or situation. Keep yourself occupied with
the things that bring your heart gladness. Do not allow the markets
to become stronger than your inner self.
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