Enlightenment and trading

Ok, i've used the word Enlightenment improperly.

Some time i just open the charts while my mind have a continious coming and go of thoughts (mostly technical-analysis and future projections thoughts, like today i want at least 2-3% from this babe, price maybe will go there, this will be a good entry, this pattern is forming, this pattern is formed, fibonacci, support resistance breakout rebounce add to a position cut it soon bla bla #@!##@#).

Some time i just open the charts with a silent mind (no thoughts at all), open a chart, see an opportunity, enter the trade, exit it, do it again and again.. perfect days, all without enter in the thoughts vortex, just being present in the present moment, observing it and acting without any thinking process associated to it, without emotions and with a feeling of boredom.
I don't say that it's a kind of magic, of course even in those times trades are taken because of technical reasons (trend, retrace, etc), however it is soo simple to find the opportunities, with an amazing winning %.

The interesting thing in all this, is that the state of mind play a big role in the trading results, absolutely bigger than any trading system / edge.
Even with the holy grail system, if your mind-status is bad you'll end up loosing big, and in the same time with just a naked chart and a great state of mind trading can be extremely profitable.

This applies to everything in life, not only in trading.

And i think this is why 95% of people (somebody say 90% somebody 99%) lose in trading, the reality is just a mirror of our inner state, we create it moment after moment.
To conquer a target (trade successfully in this case) it's not important what we do (trading systems, crappy rules etc.), but HOW we do it.

Hey,

There are those movies like "The Secret" and all that.... I have read books and other things about thought frame and it's influence on outcomes of whatever practice you are developing for many years before this movie came out.

Hypnosis can improve this. NLP also works...

I have done an exercise that helped me with many things for many years now.

I adopted it in forex and it helped me a lot. I just have on OneNote (Office program) a page where I write:


I type 12 times because it's said to be a number with more power and meaning than others (in what I read about healing and OBE books). It feels better.

So I type it out 12 times... everyday. I really convinced myself with this. It is self brainwashing: you see it so many times you convince yourself, it becomes a truth. I decided to do this when I was in a bad losing streak, and I knew how to do everything I just wasn't doing it, somehow. It's hard to explain. It's not just discipline, I guess I had a bad mind frame. So I implemented this method and I just started to have incredible improvement.

I think most people who lose on forex don't just lose and quit because they are dumb or anything that simple. I think it's because they didn't study and persist, but also because something in them held them back from their objective, and their frame of mind, like you said, probably played a HUGE part in all this, as it does in everything else in our lives.

I have read a lot about this. It really helps to be positive and believe in yourself and your success no matter how silly or impossible others say it is (it can be impossible for them, and not for you). I can say these self inducting positive thoughts really work, based on personal experience.

Hey thanks for your reply, yes they really work and are very powerful, it is a good way to improve trading (and everything) outcome/results.

It is like the opposite of a bad mind-frame, so whenever bad mind-frame produce bad results, a good mind-frame produce great results.

Nice )