Trade What You See, Not What You Think Message Board

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Strategies & Market Trends : Trade What You See, Not What You Think

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To: underdog430 who wrote (538)	5/7/2001 10:28:49 PM
From: chris-	of 867

underdog...great question and here's my answer: Vadym came up with what we call trading mantras. These mantras can be found in our trading course and they help us to bring us back to center and focus after mistakes are made or a negatively charged day brings in some frustration. By repeating these mantras and redifining a few new ones, it's a concious effort to redefine trading behavior based on current beliefs and beliefs you need to change. I know this is a little "Stuart Smalley"ish (Saturday Night Live reference for self affirmation), but it really does help to define the problem you have and then to alleviate this current belief with the correct one. Eventually, it just becomes second nature to not "double up on bad position, chase the trade", etc. While we have many more mantras in the course, here is one below as example to help you get started.. All the best, Chris 4. Recovery after losing streak or heavy loss I am starting fresh. I know what to do to win. I am doing the right things right now, not trying to get back my money. I will only switch to the right things to do. I am not taking revenge - there is no one to fight with. I am taking it slowly until I get a good feeling of power to win. I am not complaining about my loss. I paid money for the lesson. Now I am applying new knowledge to my trading. I am taking only trades that match to my set of rules. There is no memory of money lost - my trading account is not money, it's a tool for making money. I am re-building my confidence with many small wins - they let me feel the taste of winning. I don't let events to control me. I am in control of myself. I am going to remember the feeling of every win.

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