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and a peak emotional state, our trader will be ready to examine his references. Then, by asking intelligent questions, he will either validate his initial belief or introduce doubt, thereby allowing the creation of a new belief. He will change the focus of his mind. Often he will become aware of much of what his unconscious has been deleting, and he will be able to access more mental and physical resources. |
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Let's look at some of the questions our trader could ask: "How many years of experience did the traders who turned $10,000 into $1 million have? How many times has it been done? If it was so easy, why hasn't it happened more often? How many trading methodologies did the trader discard before finding the successful one? If the computer program makes so much money, why is it for sale? If it does make money, how many traders can use it before it loses its effectiveness? If a $3000 computer running Microsoft Windows is adequate for making millions, why do the large hedge funds have $30,000 workstations? If a data feed that cost $300 a month will make me millions, why do the top CTAs have data feeds that cost thousands of dollars every month? What information am I failing to see? Ten years from now if I reexamined this issue, what new information would I see? What belief would empower me? What belief would allow me to see more information?" |
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These are just some of the questions that would enable our novice trader to see the fallacy of his original belief. As our trader answers these questions, he will begin to realize that perhaps his old beliefs were not reflecting reality. At this point he must make a decision that the old beliefs were erroneous, and that he will create new beliefs that more accurately portray reality. |
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Let us look at another novice trader who believes that ultimately she will become a successful trader. Since she is a novice, she has no actual trading references. Consequently all her beliefs regarding trading are based on the references of other traders. The vast majority of these beliefs were obtained from reading books, watching videos, and attending seminars. In order for our novice trader to obtain valid beliefs about the markets, she must first start asking intelligent questions. She must carefully choose as references other traders who are producing consistent profits. She must vividly imagine to the best of her ability that these valid references are her own, so that she will obtain her own empowering beliefs. |
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Let's look at some of the questions our second novice trader might ask: "Is there a common methodology for all successful traders? If so, what is it? If there is no common methodology, is there something else that all successful traders have in common? If the vast majority of new traders lose |
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