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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30561
Forum Topic:

EUR

Discuss EUR in this thread
 
jontrader
Texus, United States
Posts: 0
26 days ago
Feb 27, 2017 16:50
......Stock, Futures & Forex Trading......


You may have heard the statement before; the biggest battles traders will face are within. If there was an explanation as to what these sorts of battles are it's more than likely along the lines of overcoming bad habits, emotional issues, biases, beliefs and so on. But why are these so important to master, and why is it so hard to do so?

I'll address why it is so important first, as a lot of traders believe that trading should not be so difficult in that if one set of rules works for trader A, they should work for trader B.

When a math teacher is attempting to teach a class the 12 times table, some students get it straight away, some take a bit of time, and some can't grasp it at all. Now let's just assume that it is important for children to learn the 12 times table, if some are grasping it straight away and some are not, then is it the method being used to teach it the reason some can't grasp it? Well yes and no.

If it's working for some students then the method is not flawed, but what is missing is that the other students have a different set up, a self image or belief system at the sub conscious level that is not enabling them to grasp it. But it is not the job of the teacher to find out what these sub conscious issues are, otherwise they are no longer just a math teacher.

So if a trading system works for one person and not the other, the reason has far less to do with the system and a lot more to do with what's going on at the sub conscious level. Put simply, you can not make a success of trading if you have a self image or a belief system that is not in line with success.

The two quickest ways to determine what your self image is at the sub conscious level is to one, look at your results, and two, listen to yourself when you talk both out loud and within. Negative talk is negative talk, that's all there is to it. You either have faith in your ability to achieve what you put your mind to, or you allow the world to influence your results in life.

Now being negative is a problem for almost everyone that walks the earth. I'm not going to say otherwise as I'd be lying; but admitting your negative is only half the battle. Overcoming negativity is difficult because we are actually addicted to it. Just saying I'm going to think positively is not as easy as some people make it out to be.

Thoughts, behaviours (which occur with thought) and beliefs (also occurring with thought), whether at the conscious level or the sub conscious have emotions attached to them; some more potent than others but they all have emotions attached.

Our brains way of keeping us alive in our primitive days was to create a chemical rush when experiencing strong emotions such as a dangerous situation, a rush so powerful that the receptors (whose job is to receive the chemicals) in our body would never forget them. Should we face a similar situation, the past memory (and thus thought) is triggered and the brain would be called upon to release the same chemicals, readying our body for action.

However, our receptors will become addicted to a chemical (and thus a thought process) if it receives it at higher than normal levels and on a consistent basis. Can you think of any negative thought processes going on in your mind that have been there since your childhood? My guess is that you most certainly will.

The reason we find it hard to break bad habits which create unsatisfying trading results is because we are addicted to our chemically fed bad habits and poor self image.

So the biggest battle any trader will face is within, but now you know why. You need to step away from the negative and into the world of 'I can!', and at the same time, stop the negative feeds.

Reprogram your mind for success, not failure; there are plenty of tools around that can help you do this, and surround yourself with positive people and traders, not those that will drag you down. It's your choice and always will be if you just allow yourself to make the right choices. As Dirk du Toit once wrote - "The winners and losers are divided not two years down the road or even six months down the road, but from day one."


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Ashraf Laidi
London, UK
Posts: 0
3 months ago
Nov 29, 2016 1:06
In reply to Sir Ignore's post
alwebadmin at Ashraf Laidi com
Sir Ignore
United States
Posts: 3068
4 months ago
Nov 24, 2016 12:18
Ashram. What is the email for you. Tia
Sir Ignore
United States
Posts: 3068
4 months ago
Nov 24, 2016 12:18
Ashram. What is the email for you. Tia
Ashraf Laidi
London, UK
Posts: 0
5 months ago
Sep 30, 2016 17:20
In reply to Sir Ignore's post
SirIgnore,

I think I may have his email somewhere. Please email me to the address below and cite your name.

Thks

A
Sir Ignore
United States
Posts: 3068
6 months ago
Sep 15, 2016 23:19
Ashraf do you know any info on Dave Oldham tia
Sir Ignore
United States
Posts: 3068
6 months ago
Sep 15, 2016 23:19
Ashraf do you know any info on Dave Oldham tia
oldgreywhistletest
mulhouse, France
Posts: 0
1 year ago
Mar 18, 2016 3:48
ashraf

ur site is a mess block them the access
oldgreywhistletest
mulhouse, France
Posts: 0
1 year ago
Feb 6, 2016 17:36
In reply to oldgreywhistletest's post
cash is king
for the overall economy heat up is having great momentum after the negative interest rate stimulus from bank of japan is failing to deliver the so attended infaltion objective.
one has to know that for inflation to pick up the all segments of the economy must feel the growth but actually after several years of liquidity injection in the commodities complex it is difficult to see another round of pick up in commodities prices.
the pick up in commodities prices has lasted five years since the fed decided to initiate the non conventional monetary policy of massively injecting liquidity in the system chasing for yield and place for money to be put at work.
it is normal to jugulate the equilibrium between financial recovery and economic recovery to an apex point where both will gain in tandem.
with several months of empployment gains and wages growth in the usa the economy is gainign momentum but it is too early to begin festivities.
it looks like that 2014 2015 period were a passage in the eye of cyclone but january sell off in the stock market pointed out the inherent risk aversion of investors.
so are we in the second wing of cyclone ;it looks like we are gonna pass the year 2016 with the follow up of the sell off initiated in january with usa presidential election in november.
oldgreywhistletest
mulhouse, France
Posts: 0
1 year ago
Feb 5, 2016 21:23
In reply to oldgreywhistletest's post
CL at 31.24 for tonite close or monday morning for a push down toward the 29.45 around.
stil expect a 36 37 dollars for crude wti next week before entering a leg down toward the 13 dollars ...7 dollars....