In The Zone - The “uncertainty” Principle Flashcards
If there was a single secret to trading it’s this…
1 - the ability without fear or overconfidence
2 - the ability to stay completely in the one moment opportunity flow
3 - the ability to perceive what’s the markets offering from its perspective (as opposed to from your perspective, my 10% stop loss rule is an example of using my perspective which the market doesn’t care about)
4 - the ability to spontaneously enter “the zone” and have a free from fear or overconfidence belief in an edge
The best traders believe without a SHRED OF doubt or internal conflict anything can happen. They know this outcomes is 100% uncertain.
This keeps mind free of unrealistic rigid expectations
The boy scared of the happy dog, he only sees fear. Our minds don’t always present all the opportunities available
We must objectively make ourselves available to the information the market supplies
Knowing the probably of success is in your favour is fine….but you must totally accept what???
That anything can happen and you don’t know the outcome
Mind must always be open for energy and information exchange with market
What is the zone?
Your mind and the market are in sync - flow
Not super simple at first
1 - must focus on now moment opportunity - open mind
2 - accessing creativity intuition and hunches from our right brain as well as the rationale left brain (and ensure these two are blockages free from each other)
Acting on hunches and intuitive impulses and inspiration / a sense of knowing takes training. Belief and clarity is needed
Rationale mind needs to be trained to trust intuition or it will flood left brain with conflicting and competing thoughts - whilst thoughts will sound reasonable they will flip us out of the zone
To be a successful trader you You must have a resolute unshakable belief in…..
Uncertainty
Anything can happen!!! Makes trading effortless and fun and as easy as reading the chat
People attribute way to much importance to market analysis, it can help sure, but accepting uncertainty is more important
We must adapt our mindsets to totally faith and acceptance of uncertainty
Sounds simple???
Awareness or understanding uncertainty is Not the same as having accepted and believed them (something truly accepted isn’t in conflict with rest of mind)
Most traders simply don’t do the mental work to reconcile many conflicts that exist (Nils can help you resolve but it’s important to try solve solo first)
In the zone flow - requires conflicts and contradictions resolved