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we were in while perceiving certain events. In order to change our beliefs we need to understand a little bit more about points of reference. As we know, references can be real events or imagined ones, or they can be derived from other people (i.e., role models). As we go through life we experience many different events. Our mind interprets and organizes these references in a manner that will either empower or disempower us. All too often, because of our beliefs, the mind interprets these events in a disempowering manner. |
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The first step is to make a conscious decision to change your existing beliefs by altering your perception of your life experiences in an empowering way. The mind interprets and gives meaning to everything you experience. That interpretation and perception is influenced by your beliefs, values, and expectations. |
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One tool you can use to interpret new events in an empowering way is contrast. By contrasting any new experience with a less desirable experience, you can change your perceptions and feelings in such a way as to create an empowering belief. For example, if as a trader you are stopped out of a trade and incur a loss, and subsequently the market reversesa shift that would have generated a profit if you had not used a stopyou can use contrast to change the experience from a negative one to a less negative and possibly positive one. You could contrast the small loss experienced by using a stop with the large loss experienced by a different trader (a reference) or by yourself at another time when a stop was not used. |
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The second step is that you must obtain more references. For many traders, new references wind up costing a lot of money. This is why determining the references of other traders and then using them is so beneficial to your bottom line. As we obtain more references, we have more choices available to us, and our faith increases that we will accomplish what we desire. We can also obtain more references by reexamining our own life experiences. Often a negative or painful experience will have an empowering lesson embedded in it. If we remember it as we normally would, our physiology will reflect the amount of pain (mental or physical) that we were experiencing. In such a state it becomes very difficult to perceive that experience in a way that we could learn and grow from it. However, if we remember the experience while in a peak physiological state, and while asking questions that change our focus, our perception of the event may change enough so that we are able to learn something that empowers us. |
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For example, if you had the misfortune a few months ago to be long when hogs went limit down for five consecutive days, the amount of pain you experienced might have been immense. If you remember that experi- |
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