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"old" perception of events. Consequently you will begin to adopt new beliefs that will increase your ability to perceive the markets. As you trade real money, you will have to constantly reinforce your empowering beliefs. By using sensible risk control parameters, you will financially survive long enough to make better and better distinctions. |
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The ability to execute a trade free of errors is a skill that is mastered through repetition. Your desire should be to execute the placement of your order with a procedure that eliminates the possibility of error. As you consistently apply your new beliefs while experiencing new events, your ability will steadily increase. |
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The time it takes you to become a consistently profitable trader will also depend upon your ability to clearly define what your beliefs are. What is the market? Is it a friend or a foe? Is it fun to trade or a struggle? What is a bear/bull trend? What is a loss? What is profit? What are your beliefs about your own identity? What are your goals regarding trading? Have you mastered your virtues? Have you controlled your vices? What do you believe about learning? Is learning fun? Can you have a flexible mind? Do you believe that you have the ability to perceive the beliefs of others? Can you perceive why others are behaving the way they are? What are your beliefs about the length of time it takes to actually learn and use new information? What are your beliefs about awareness? What are your beliefs about accepting the behavior of the market, others, or yourself? |
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The length of time it takes you to master trading is totally dependent upon how long it takes to master yourself. People who excel in any activity are excellent because they have become their new beliefs and distinctions. They are not trying to be confident; they are confident. They are not trying to trade free of fear; they have no fear. The act of trying means that you are still not there. Trying to accomplish anything will only guarantee you more frustration. |
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It is easy to know intellectually what needs to be done. It is an entirely different matter to do it. The very first step that you must take is a "leap of faith." Once you have the faith that you will become all that you desire, then you will become what you desire. As always, the first step is the most difficult. |
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Shortly after I went to "Date with Destiny" by Anthony Robbins and a retreat by Dr. Richard McCall, a little light went on inside my brain. Finally I understood: The secret that all traders are looking for is not in some indicator, system, or computer program. Rather, the secret to becoming a successful trader lies in mastering the ability to think and enhance certain internal values, beliefs, and rules. In other words, the virtues that an individual consistently uses on a daily basis are the largest single factor in his |
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