« Basics of the Stock Market | Main | Evaluating a Money Manager »
The Power of Internal Dialogue
Trading Dilemma: “Bad internal dialogue and questions can disempower a trader”
When a trader is having a bad trading day all to often their internal dialogue, questions and language are also bad. This leads to trading with uncertainty, insecurity, fear, unhappiness, and other disempowering emotions. Also the result can be a continued pattern of one bad trade after another. Traders that continue this behavior tend to “beat themselves up” on a regular basis, even if they have winning trades. The solution is sometimes referred to “positive thinking” but it is much more then that. It’s conditioning.
Examples of bad internal dialogue, language and questions, to watch out for.
| I’m so stupid? | I can’t find a trade. | |
| The market makers did it to me. | I can’t make money. | |
| Every time I trade I lose money. | I’m a bad trader. | |
| I only made ¼ of a point instead of ½ | I always lose. | |
| I can’t win. | I can’t do this. |
Solution: Create new self dialogue and questions that will empower you Your brain creates associations every time you have a thought. Bad thoughts get bad results. Good thoughts get good results. Approaching trading with an open, inquisitive mind moves a trader forward faster as the brain will look for new distinctions, strategies and solutions. (Like playing a video game and figuring out how to capture additional weapons to fight off the villain’s, resulting in getting you to the next level.)
Here’s how you switch your dialogue and questions to enhance your trading.
I’m so stupid ——————> I’m an intelligent trader that can figure it out.
I can’t find a trade –> There’s a better trade around the corner, and I will find it
The market makers did it to me———-> I did that…..now how can I do it better?
I can’t make money————————> I can make lots of money.
Every time I trade I lose money —> When I am focused and patient I always win.
I’m a bad trader—————————–> I am a successful trader.
I only made a ¼ of a point instead of ½ –> Next time I will make even more money.
I always lose.———————> I always learn something. New distinctions.
I can’t win.———————————-> I will win this next trade.
I can’t do this. —————————–> I will figure out a way to win.
So, be careful of what you say to yourself. It is the powerful food for your brain and your behavior. Use it to increase your trading success and let the market be the only thing that presents you with your trading challenges.
Robin Dayne,
http://www.robindayne.com/
Topics: Psychological | No Comments »
Comments
You must be logged in to post a comment.