Beliefs! Shift Your Mindset

Question 1

FALSE: I can’t accept losses

Answer 1

TRUE: losses are a part of trading

Question 2

FALSE: I don’t have discipline

Answer 2

TRUE: I have been and am a disciplined trader who sticks to the plan

Question 3

FALSE: I am not consistent

Answer 3

TRUE: I get consistent gains due to my discipline in follow my system over a large sample size

Question 4

FALSE: I am not profitable

Answer 4

TRUE: I have the tools and skills needed to be consistently profitable

Question 5

FALSE: it hurts when I am wrong

Answer 5

TRUE: I am here to make money not to be right and trading is a probability game! Being “wrong” can be expected and factored into the system. It is nothing to take personal !

Question 6

FALSE: I am stuck in bad habits

Answer 6

TRUE: I am able to change my neuropathy due to neuroplasticity

Question 7

FALSE: trading is so hard

Answer 7

TRUE: trading is a legitimate profession in which many people succeed in

Question 8

FALSE: losing is heartbreaking

Answer 8

TRUE: any business comes with expenses and losing is a trading business expense, nothing to take personal just a fact

Question 9

FALSE: winning is validating

Answer 9

TRUE: winning cannot be controlled, it is simply being on the right side of probability!

Question 10

SHIFT: I want to be profitable

Answer 10

To: I want to be consistent, since you can’t control profit/loss

Question 11

SHIFT: other traders are so much more disciplined

Answer 11

To: I am more disciplined and dedicated than most in real life and this will transfer over into trading!

Question 12

I am constantly aware of these trading demons

Answer 12

1. FOMO and gunslinging,
2. Unrealistic expectations
3. Caring for individual trade P&L
4. Feeling like I need to make it back

Question 13

Losing also has benefits that can be embraced such as..

Answer 13

1. Growth in skill and wisdom by extracting the lessons
2. Growth in humility towards the market and in life
3. Growth in respect for the craft and the markets