Wednesday, October 21, 2009

Empower Yourself

It's possible for traders to tap into one of three general attitudes when they approach the market. The first attitude is one of pessimism; the second is one of randomness and/or neutrality; and the third is one of empowerment. The first attitude never works. The second attitude seldom brings us much success, while the third attitude, when properly done, guarantees success.

Let's imagine that you have immense power to create the results you want from your trading activity. And a good reason to make this assumption is because you do have such power. Now, if you had such power, what do you think would happen if you approached your trading from a viewpoint of pessimism? You'd probably lose money-no, you would lose money. No matter how good your system, you'd figure out a way to lose money.

If you approach the market with neutrality (and you have this power to create your life), then the best you could possibly do is perform at an average level. You certainly wouldn't add any personal energy to the market, and I suspect that your performance would probably be substandard.

But let's look at the third option-approaching trading with an attitude of empowerment. I pointed out in Volume Five of my Peak Performance home study course that all good traders know they will win at the end of the year. I might take that one step further and say that great traders know they will probably win at the end of the month. What does that imply? It implies a great deal of FAITH. You must believe in yourself and in your trading. You must know deep in your heart that you have won and feel grateful for your success.

Faith is like a magic power that propels you to greatness. For example, let's take a look at a few Bible quotes:

Let it be to you according to your faith. Matthew 9:29

If there is faith in you even as a grain of mustard seed, you will say to this mountain move away from here, and it will move away; and nothing would prevail over you. Matthew 17:20.

If you can believe, everything is possible to him who believes. Mark 9:23

Whoever should say to this mountain, be moved and fall into the sea, and does not doubt in his heart, but believes that what he says will be done, it will be done to him. Mark 11:23

Therefore, I say to you, anything you pray for and ask, believe that you will receive it, and it will be done for you. Mark 11:24.

Incidentally, I used to avoid a lot of spiritual references. I did so because I found that many people's beliefs about spirituality were both very strong (the essence of who they were) and very narrow (i.e., if you went beyond their boundaries, you went into dangerous territory). However, my objective is to help people change and I've found the most powerful change comes at the spiritual level. Thus, it is now time to begin to open up the spiritual basis of trading. And perhaps, this being the weekend after Easter, now is the right time to do that.

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