Okay... extra long weekend for me....where are we? Oh yea, the "whats" and "hows". Before I say some stuff on the "hows" please allow me to share some more "what" and "why", for I feel that as people find a "how" to work with, it can help significantly if they understand as much as possible about the "what" and "why".
Let's look at the question of why isn't trading like driving? Under normal circumstances our Ego doesn't get trigger, so what's the difference?
It has to do with the Market's Reflection of Self:
The Ego must perpetuate, continue and SURVIVE! To survive the Ego's vital energy must not be removed or threaten. This energy can be water, air, food, physical body, shelter, etc... In a capitalist society, this includes money, for that is the exchange for acquiring these items. Another vital energy, is the energy received by the 3rd person perspective of one's self. If the Ego perceives this perspective to be lessor than it, then the Ego is considered weak and therefore threaten, for it stands ready for attack from the 3rd person. Anything that is paramount to the Ego's ability to perpetuate is viewed by the Ego as a vital energy.
When a trade is open, one is committing money and their decision (to enter trade) to a particular stock and a given direction of the stock. At this point the Ego has two vital energies committed to a particular function. One has the possibility of loosing money or being wrong! So, the Ego must feel as it is in control of this commitment or it feels threaten and the remaining subtle energy behind the emotion of the words of thought are triggered. Without any training or experience this Trader's subconscious or Ego, truly knows that it (Ego) has absolutely NO control over the movement of this stock. The conscious Trader will say he does, but the subconscious truly knows it doesn't. This creates a situation whereby two vital energies are put into a position of absolute no control and therefore a major trigger. This is the concept of perceived risk and control. At this point, the market will reflect where you are with yourself!
In driving, we have enough experience that the Ego feels it is in control and not threaten or its perceived risk is low.
So, as we have been discussing, one needs to find methods, the "hows", to lessen the energy behind the words to weaken the Ego.
With this said, there are methods that can help shift the aspect of the Ego or change the Ego's perspective.
For instance:
Threei has suggested that one can change their view point from "I know what the market will do" to "I don't know what the market will do, but I do know what I will do in reaction to the market." (Threei, forgive me if quote isn't exact.) If one can repeat this to themselves enough and practice it with great conviction, one begins to reprogram the subconscious perspective that they ARE in control. The Ego will no longer perceive that there are vital energies at risk and will not trigger.
Addtionally, Threei has shared that he created a "role model", a detached state of mind Trader to assist him in his beginning. This idea is tremendous for what one is doing is separating the power of the Seer (the intuitive) from that of the instrument of Seeing (the body-mind,Ego). This concept is based on the dual reality of self. When you separate the two, you empower the intuitive and weaken the Ego. The Ego's perceived threat does not trigger as the intuitive knows there is no threat to self, for the intuitive does not require these energies.
Either of these two "hows" is terrific for the beginning trader, for they enable you to begin experiencing this idea of perceived risk and triggers with small successes rather quickly while you continue to find your true "how" to dissipate the energy of emotions.
The ultimate state of mind to trade is the ability to trade in happiness. This state allows you to "feel" the market, it's undercurrents, peaks, valleys, etc... and just ride what is happening now. As someone said, it is like listening to music, you don't think (thought=emotions=Ego, etc..) as to where the music is going, you just go with where it is. This is the state of Beingness, not Doing!
In regards to looking for a "how", try to find something that you have an affinity with. There are many "hows", so don't get discourage if you can't work with one, just keep looking until you find something that works. This "how" should be something that does require some form of "self" examination or change, but not something that will be self-destructive. You want to eventually break the Ego, not the Spirit. I tend to see best results with people who find a "how" that confronts yet allows for small successes. Remember, the Ego is still intact and we ultimately use it to change self, which in turn leads to great changes.
Okay, that's enough for now, didn't mean for that to be so long. Great discussion everyone..... |
