*If you have any questions about this program or its benefits, particularly as it relates to your trading (or even just to your life in general), please feel free to send me an e-mail.
...in thirty seconds...
Once upon a time, a smart professional daytrader (whose methods I studied a few years ago) happened to mention that a successful technique that he uses when he's lost a trade is to count to thirty...apparently this shifts your mind from a negative emotional state to a neutral rational one. Well, give me neutral any day over negative...at the very least. I tried this technique many times over the ensuing years during difficult periods of family health issues/crises and, I have to say, that it actually works. It kept me sane when I thought I wasn't...so it's my turn to share this little gem...thanks for listening.
I once heard that the key to Warren Buffett's success was his predilection for only investing in something that would grow in value and not depreciate.
I've discovered that one of the perks of growing older has been the accumulation of knowledge...its effects are cumulative...it can never depreciate. It's something that I've been spending more time and energy on over the past few years. The magic appears and begins to accelerate when we believe in our ability to find the value of that which we have learned thus far and direct it toward something about which we're passionate. I'm enjoying the journey!
We don't have any snow, but it has been cold here as the rain finally stopped a couple of days ago and was replaced with sunshine here in the Pacific Northwest. The countdown to Christmas Day says that the kids only have to wait 28 more days to see what Santa has brought for them.
We traders only have 19 1/2 trading days left until we see what Santa brings for us...hopefully lots of goodies! I can dream, too...
As a trader, I can only take this to mean that I should ask myself, "What does the market think about this situation?"...that will show me the overall reaction of the market, and, since the market generates more force than I do, it doesn't matter what I think of the situation. It seems to me that the "truth" in trading, lies therefore, in how the markets are trading this situation, and not necessarily what the situation is (since the situation itself may be based on false information/perceptions/interpretations).
A trader's edge lies in being able to "feel" what the market flow is and get on board at the appropriate time...not an easy task. It really boils down to how good an "interpreter" I am at any given point in time of market action, not how good/bad I judge the situation to be.
So, on to another day of my life-long studies in "Market Interpretation 101"...
No doubt, everyone has experienced some kind of loss over the years. Its consequences can be quite painful.
- worry (as I suspected he was gravely ill);
- which progressed to extreme panic and fear (of not knowing what decisions I'd have to make and the ensuing consequences);
- and then moved on to profound sadness;
- and then to numbness and disbelief;
- and, now, to somewhere just slightly above (and more positive than) numbness, as I come to terms with what has happened and where I go from here.
These range of emotions, as well as losing those whom I love, have re-enforced the old saying that "nothing lasts forever." People, events, places, things, and stuff, in general, are transitory and are not ours to keep or possess, but, simply, to borrow and enjoy while they are in our lives. I'm finally realizing that to yearn for something or someone that is in our past (and gone) is not a healthy place to be...it uses up valuable energy and weakens my abilities to, firstly, decide what it is that I desire in life now, and, secondly, from recognizing it and acting on when it tries to show up and become a part of my new life.
You may wonder why I'm writing about this in my trading Blog. I realized today that I've experienced these same emotions when I've made trading losses.
- First, the worry each morning (as a daytrader) that I won't be able to make money that day;
- second, extreme panic and fear that I won't know what to do if the trade goes against me;
- third, profound sadness when I've lost a trade;
- fourth, numbness and disbelief that this loss happened to me;
- and fifth, somewhere more positive than numbness as I try to assess the trade and move on to the next opportunity.
There has to be more progression from the fifth state (in my life and in trading)...to that of being in a state of "having and happiness" (since the "Law of Attraction"works without fail and we will get more of what we have or are experiencing in life). It won't do me any good to beat myself up over my loss or yearn for its return by trying to "make up for that loss on the next trade." That never works. It only clouds my judgement and puts me in a state of "not having something that I can never have" (the lost trade)...not a good place to be as it's, simply, a dead-end.
Perhaps you can recall a time when you made a split-second decision and knew that it was the right one...hang onto that experience/feeling and know that you can and will make the right decision at the right time in all areas of your life...do not worry that you can't, because you already have and you can do so again, at all times. It will keep you sane. Stay in the moment, accept things as they are, deal with them (knowing that you can), be grateful for what you do have, and move forward toward your desires, for they do exist (as unformed probabilities of existence)...look for them and they will eventually show up and you'll recognize them when they do...then, and only then, you'll know what to do (not a moment before)...it will feel natural and easy and will be the best option (for you) in the world. Everything will work out in the end...it always does, if you allow it.
I may add more to this article from time to time as more is revealed to me on this subject in the days/weeks/months ahead. In the meantime, I thank you for taking the time to read what I've shared, and I wish each one of you a happy, stress-free, rewarding, and exciting life! :-)
The following little snippet was e-mailed to me by my "personal cheerleader" (my dear sister-in-law) just as I was finishing this article, but hadn't yet posted it. Amazed, I thought it was timely and pertinent to my post, so I've included it here...co-incidence or the "Law of Attraction" at work?
P.S. December 22, 2015: I think, perhaps, that mysterious "Sixth State" includes leading a balanced life, including a balanced approach to all things...I've certainly been trying to keep that in the back of my mind as I go about my daily activities, and it has helped me in many ways...may that continue.
Who you are and who you think you are may be two different things.
Who you (actually) are is shaped by your inner self or intuition, whereas who you think you are is shaped by your ego or logical mind.
Your ego is the sum total and the final effect of all your thoughts and beliefs that you've accumulated over the years.
Your true self is your intuition that provides guidance to you in some way, shape or form...it may surface as a sensory stimulation of some type...its signal may be loud and clear, or it may be subtle. It can only take its cue from your thoughts and beliefs to present you with options from which to choose at the right time. It is all-knowing, whereas, your ego is limited in its perceptions and power.
If your thoughts and beliefs are always negative and involve self-doubt, you'll only receive cues from your intuition that serve or support them. The opposite is true -- if your thoughts and beliefs are always positive and based on self-confidence, you'll only receive cues from your intuition that re-enforce those.
Since the job of your intuition is to seek to attract those things that resonate with what you believe to be true into your life and to alert you to their presence when they arrive, doesn't it make sense to intentionally program a supportive "intuition language code" in the form of thoughts, beliefs, and desires on a daily basis...similar to programming a computer with its software language. Then, that sets up a two-way communication system with your intuition to, firstly, let it know what you think, believe, and desire, and, secondly, opens the channel for you to receive the signals from your intuition that would prompt you to then take action (at the appropriate time as determined by your intuition) to actualize what it is that you desire. Remember, your intuition always knows what's best for you...not your ego, for it's far too limited in its scope and power to properly analyze any situation that arises and determine the best course of action to take.
It would, however, be necessary to make sure that your thoughts, beliefs, and desires are clear and consistent, otherwise your intuition will become confused and will malfunction...like the computer, which only runs as well as what's been programmed into it.
So, from this day forward, you have the power to choose what type of program you wish to write and incorporate into your life, in order to create the type of life that you desire. I wish you success in whatever you choose for yourself. :-)
I finally realized a few things today (March 29, 2013) about energy flow (from within).
The challenge for me over the past few years has been to try to maintain a nice positive and even energy flow (devoid of highs and lows) without being drained of energy. For me, my energy can be drained by any number of things, such as:
- sidetracking myself from any one purpose/intent at any one time causing me to mess up on my original purpose and then having to undo any damage
- ignoring negative body signals
- ignoring unusual emotional signals (highs and lows)
- doing any task for too long (e.g. sitting at my computer for hours on end without taking a break)
- 'awfulizing'...that describes what I sometimes do to a tee...that is to think that something bad will happen and then look for all the reasons as to why it will...that unnecessarily blows up, what is probably a tiny blip, into something huge that will probably never happen (anxiety and fear of the future)...I'm a pro at this one, as I have a very over-active imagination...this is my Achilles' heel
- carrying old and hurtful baggage (thoughts, feelings and regrets about stuff from the past)
I'm already energized just thinking about it!
(Article written April 28, 2013)
When you feel that you've hit a brick wall at any point in your life and can't seem to get through to the other side, just gather up all the hurdles that you've overcome, pile them up against the wall to create steps, and simply walk up those steps to the top of the wall. Then leave those hurdles behind for they have served their purpose. The answers that you seek await on the other side of the wall and will guide you forward.
(Article written April 29, 2013)
I haven't spent the past 10 years of my life studying and trading the markets in order to become a bad trader...I don't believe that's my fate.
(Article written April 29, 2013)
If you don't think you have what it takes to be a leader, know that you're already a leader. You've led your life in a way that only you could have...no one else could have. That makes you a leader...don't let anyone else tell you you're not.
(Article written May 10, 2013)
I'm finally learning that I don't have to "like" what others are doing around me one single bit...but, if I can simply "accept" it, see it for what it is, use that to my advantage, and focus on what it is that I wish to be/do/have, then I'm liable to be in a headspace and have the energy that facilitates that...otherwise, my toxic thoughts and energies will be wasted on all those things I don't like and will get me nowhere, except to a possible early grave...and that's not on my agenda! ;-)
- my method
- my real-time observations
- my forecast
- my upside and downside probabilities of success (minimum ratio of 2x +'s to -'s for each)
- my risk vs. reward assessment (minimum ratio of 1:2 to tie in with #4)
- my trading platform and order method used to enter a trade to achieve the best entry price
- my entry execution (my level of commitment and confidence ratio needs to match #4 & 5)
- my trade management skills in real-time assessment of the trade's progress to target (includes monitoring or adjusting, but never increasing, my stop-loss)
- my recording of the trade in my Trading Journal, which includes my reasons for entry, what went right or wrong, what I could have done differently, my net profit/loss, etc.
- my enjoyment of the rewards! (the best part of all!)
Imagine that you've left for a 500 mile trip in your car to an unfamiliar destination. As you drive along the winding roads, would you be consciously driving each mile at a time, or would you be attempting to drive and navigate the road as it is at Mile 400 if you were only at Mile 100? Do you think you'd reach Mile 500 without experiencing negative feelings of doubt or insecurity along the way if it were the latter, or would you even reach it at all if you drove like that?
So, too, it is with our conscious thoughts. While you may think you're actively thinking about a certain task (which may be tied to a larger goal) as you perform it throughout your day, you may, in fact be thinking about something else and not be fully aware or present in your current task. That "something else" may be a thought about something in the past or the future. If those non-present thoughts have worry or fear attached to them, they will steal from your energy supply and will rob you of your complete abilities to handle the task at hand. This can lead to feelings of insecurity and misgivings on your part about your abilities to reach your goals or destinations. The more we perform our tasks in this non-present manner, the more these bad habits become ingrained in our subconscious and become automatic with negative emotions attached to them.
How can functioning in this negatively-charged habitual mode lead to anything but feelings of insecurity?
As we know, our goals are made up of small incremental tasks forming our daily lives. It is for the above reasons that it is important that we are fully present when performing these tasks. This allows for our creative spontaneity (which we all possess) to actually do its job properly and without stress and worry. Also, if we are consciously trying to keep our thoughts and actions based on the present task at hand, we can become fully aware of our accomplishments (small as they may be at the time), which will manifest into a feeling of security (in the knowledge that we have the ability to actualize our goals).
This becomes a "process-oriented" life rather than a "goal-oriented" life...and will allow us to enjoy the journey (as we've heard so often for many years, but probably haven't been able to fully embrace).
The key to happiness is to live this "process-oriented" life and to consciously remember to acknowledge (with positive emotions) that we've actually handled each task. It's really OK to pat yourself on the back for jobs done to the best of your abilities while fully present (no matter how small)!
Confucius says, "When chopping wood, chop wood." I say, once you've done that, acknowledge that you've done it and experience the security that comes with knowing that you can and did do it! Have a great moment!
I learned a valuable lesson a few years ago in my move cross-country. Since I was in the process of a major downsizing following the loss of my husband several years before that, I was finding it difficult to part with a number of items that we'd accumulated over the years...as well as still grieving his passing and the passing of our two pussycats in the past several years...my "family" of four had been reduced to a family of one (me). However, I had no choice...I had to be rigorous in my approach to the move and establishing my new life.
Then I remembered something I'd learned in the past year...something that can be of benefit to each of us...that was to simply think of items that I had accumulated as items that were only meant to be borrowed and not meant to be kept for life...this same principle can also be applied to everyone we meet (and are a part of) throughout our life (friends, loved ones, spouses, partners, children, family members, pets, etc.).
I think the key to the success of this concept of borrowing is to accept this as fact, detach as much as possible from the many emotions surrounding each treasure (item and person), and maintain a steadfast (and joyful) determination to move forward with our life and life purpose, in spite of the changes in our circumstances. We may also find it useful to think of all the things we're grateful for as we reflect on each of these items and people and to discover what we've learned from our association with them. Finally, and this relates to our items that we're selling or donating, we may think of these as items that others will "borrow," enjoy, and eventually pass on to someone else, as well.
Nothing in our lives lasts forever...good times...bad times...people...pets...things...situations, etc. Change happens, and we need to accept it, so we can grow from each experience....this is one method that can work for you to help you cope with such events.
Such an approach can keep you sane and on track with your life purpose (to move forward in a healthy manner)...I speak from experience...it certainly did for me.