The Importance Of Affirmations In Your Trading/Investing Journey
It is important to remember that your mind and subconscious are strongly connected. While you can train your body and muscles to improve strength, speed, endurance, etc., your mind and subconscious are where the truly strong and lasting changes happen. It is through your mental actions, as well as your words, that you begin to change your trading and investing for the better. As such, it is important to understand and utilize these powerful tools.
When I first learned about trading affirmations, I often wonder are they just statements? Well, as with anything in life, the more you focus on positive things and thoughts, the more positive things will come to you. Affirmations are consciously conscious statements that become a part of your trading reality and identity and become deeply ingrained in your mind.
It is very easy to focus on all the negative things that are going wrong when trading and investing. However, when you are aware of the positive affirmations that are within you and what they do to help you, it becomes easier to focus on the good things and move forward. You can choose to use either positive affirmations or simply write them down, but whatever you do, make sure that they are written in the present tense. With this type of thinking, they have the power to significantly influence your trading and investing.
I have been trading since 2000 and spent my first 15 years investing / trading losing a significant amount of money because I didn’t know, what I didn’t know. What I have learned in investing / trading are the following:
-
There is no HOLD GRAIL in trading / investing.
-
Investing / trading is a game of probability.
-
It’s not about your winning percentage, but your avg. win vs. your avg. loss that's important.
-
It’s all about capital preservation and risk management.
But equally important are trading affirmations.
Repeat these trading affirmations daily in front of the mirror and see how they can help dramatically improve you and your trading.
Trading Affirmations #1: “I am a successful and profitable trader”
Trading Affirmations #2: “I have full belief in my strategy”
Trading Affirmations #3: “I will trade according to my strategy’s rules and not gut feeling”
Trading Affirmations #4: “I will be fully accountable to for my actions in the market”
Trading Affirmations #5: “I keep a journal of all of my trades – both losers and winners”
Trading Affirmations #6: “I always keep the trade risk low” (ie: 1-2% of account value)
Trading Affirmations #7: “If there is no set-up based on my strategy I happily stay out of the market to preserve my capital”
Trading Affirmations #8: “I only follow trades with a high reward/risk”
Trading Affirmations #9: “I choose trading for long term gain rather than a quick buck”
Trading Affirmations #10: “I shall not have an emotional attachment to the outcome of my trades”
In conclusion, use positive thinking in my trading. Believe, which will become thoughts, my thoughts which will become words, my words which will become habits, my habits which will become my values, my values which will become my destiny.
Posted Using LeoFinance Beta
