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Are you Trading Your Method or is Your Method Trading You?Submitted by shanti0001k1 Mon, 10 Aug 2009
Many Traders that I work with come across this phase in their Trading where they know that their Trading Method works, but yet still fail to consistently follow it.
Most Traders are Conscious of the fact that A lot of your Success in Trading Will be determined by their ability to stay Disciplined and follow the plan. Yet why is it so difficult for most? At this stage in a Trading Career some Traders become very frustrated and start to Fix the Method or look for better Trading Ideas, Strategies, Systems and Methods. Through Experience in trading of the years I have found that nearly Every Trading System\Methodology WORKS! However it is right that some perform better than others, some even perform very poorly and some perform so well when followed consistently it even becomes hard to believe that it can be true! I can show you Method after Method that works, I show my Trading Room members, hundreds of different methods, yet all you need to do is follow just ONE of them consistently! The sooner that you realise that Trading is nothing but a numbers game, the better. There is only one way to make money in the Business, and it is no different to any other business. Find a method that makes a greater Profit after Costs. Trading Costs will involve any trade in which you were wrong (NOTE: Losing trades do not exist in my Vocabulary, because with that word Lose, comes Pain, and as a Human being the unconscious mind associates FEAR with PAIN), Your Broker Commissions, Exchange fees and any Hardware\Software Costs that you require to run your Trading Business. To increase your Revenue focus on the DISCIPLINE to follow your plan, and always treat each Trade as a Business Deal, and only take the BEST OPPORTUNITIES, working out your potential Risk to Reward in every trade before hooking yourself into the Deal. Work each trade from a Business Mindset and you WILL make much better decisions. NOW even if you have a Great Trading Business Model in place, and your Trading Business has all the tools of the Trade to Succeed, why is that some traders still fail to Profit from such a Business? it's a numbers game after all right? The answer is: "YOUR ARE NOT TRADING YOUR BUSINESS OR YOUR METHOD, IT IS TRADING YOU!" What do I mean by this? Well, Let me explain, I am a big believer in.... "WHAT YOU BELIEVE WILL BE YOUR EXPERIENCE!" Most Traders fail to understand that their Conscious and Unconscious Beliefs and Agreements that they made with themselves are like the glue that holds them and WHO they are together. Your Core Belief System, and any Limiting Beliefs that may be installed within the Unconscious Mind and any other Conscious Agreements that you have made will Express themselves upon your Trading Business and therefore effect your Behaviours, Actions and Decisions in Trading with a major Force behind them... Who you are. Not only does your Beliefs effect your Trading business, it will effect all areas in life! another one of my beliefs is that: "PERCEPTION IS PROJECTION" We live in a Cause and Effect Universe. What you see around you is a direct reflection of HOW you see the world around you and Who you are, based upon your Conscious and Unconscious Minds Filters (See the NLP Communication Model Below) These filters Include your Values, Attitude and Beliefs in Life. This is unique for each and every Human Being on this Planet. My Perception of the world around me is different from you right? Why? Because we hold differing Beliefs and Values. Therefore what you Experience within your Trading Business (Including it's Profitability) is a Direct reflection of the Projection you have put out there! Think of your life around you and your experiences in Trading as a Projection of Who you are! If you do not see that yet, that is fine, You one day may see the truth in this :-)
Kam Dhadwar is the author of this article on market profile trading. Find more information relating to psychology of trading, and learn to trade here.
Source: ArticleTrader.com ![]() Comments
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