The law of attraction and trading

The secret and the law of attraction might be interesting ideals to live by in the course of internal notion and peace within yourself (very much like having religion or spirituality) but I would never bring these things to your trading day. I try to center myself, do small meditation, nature retreat and charity as features of my life to help UNWIND from trading, usually on weekends.

When trading I try to go into a very unemotional, analytical state, concentrate on market details,etc.. this never includes centering with the universe or seeking laws of attraction. In fact, my trading psyche could be even explained as more of an survival mode of nature...looking at the market as a jungle and being discipline enough to:

protect myself
seek opportunities
watch closely all that happens around me
learn what and where are feeding opportunities
learn and practice the setups of closing those opportunities
unemotionally pulling the trigger or holding back as the opportunity develops
If failure, cut my losses quick and try, try again, learn from each try

Of all the people I know in these markets the ones that do the very best could be characterized as cold, indifferent, somewhat unfeeling very non-spiritual non religious atheists, a bit introverted, superior acting toward others, no temper but no real happy face either, very much uncaring of the universe, mostly unconcerned of anything except themselves and maybe a few close friends. With these people attraction happens by going quickly to what they want and taking it without hesitation, moving with very high confidence and no REMORSE what so EVER! This is very much opposite of sitting and allowing the universe to come to you.

Achieving spirituality as with meditation or visualization is best done in a mostly isolated environment. Trading is not an isolated endeavor but the opposite. It is very much a pack behavior in many respects because the most sucessful follow almost step by step with others of similar type (the banking, wallstreet, high capital group) even though they may be 1000 miles away from any banker. Although this pack is not a herd grazing together but rather a pack of wolves who feed off of the much larger grazing herds. They run together but attack in systematic fashion with each member having his place in the setup. They probably know alot about behavioral psychology and also know alot about how the jungle works (intimate knowledge of the broker system, order and volume dynamics, contrary behavior, resource imbalances and general finance). Spiritual has nothing to do with it and usually causes contradictions to trading behavior because spirituality is about universal love and acceptance and trading is about seeking and conquering. Most spiritualists in the trading field make thier living as coaches and teachers, most pro traders use spiritual guidance as one tool among many, many and use it mostly to fend off greed, temper, stress and burn out.

The best type of knowledge seeking to be successful in this market would probably be to spend some time working at a brokerage of any type, hiring a market psychology coach and being mentored by a successful and skilled hunter of the jungle.

Is anybody having success with the law of attraction applied in trading?

Yes.

The "law of attraction" as I understand it isn't meant to be mystical or spiritual. Instead, if you possess complete faith in your vision/goal/aspiration, you will take ACTION to bring that vision into reality. Then it's just a matter of finding that opportunity. It's just a different way of writing the formula 'planning + opportunity = success', or re-writing the phrase 'if there's a will, then there's a way'.

Last year I was a complete nub-cake to trading, and believed in the "efficient market" hypothesis taught to me in my economics degree. I didn't think trading could be profitable, at least from a retail perspective.

In the last year, I've developed two profitable trading systems, and have two more showing some promise. It took me maybe 3-5 hours of backtesting EVERY DAY, literally, to get this far. If I didn't hold that faith in success, I would never have bothered putting in so much time and effort. For the last three months since going live, I'm up 2-3%. I will probably generate an annual return of 10% at this rate. It's not alot, but considering most noobies blow up their accounts, I think I'm doing ok.

I traded for half year using some law of attraction strategy and i got up to 50 % return on my demo and then i stopped for half year cause i've been busy with work and planning to start my own business in a few years from now. I've gave up on it for a while also because I can not get more return in short periods of time. I just can't beat the time hard enough.

Happy New Year!

One day I've told to a coworker that "knowledge is power" and in reply he told me that "imagination is power". That got me thinking. I think that people with good imagination will have more success in life because they can manifest their imagination. Painters would be a good example.

Yes, if you are making new things, but FOREX is there allready, it is just a game, you have to know how this game works.

We move through life in a time parallel with millions of other people. They/we all 'want' one thing more than anything and it's probably money. The securities and derivatives trading industry exists because it feeds off the 95% of traders that fail. The deck is stacked.

Yet by the hour there are more guaranteed failures signing up to try beat the table. Some fancy indicators, a customised algorithm. They're dreamin'.