Make Money Trading CONSISTENTLY With This Simple Method!

Hello and welcome to the Consistent Profits Podcast brought to you by Inside out trading and Brian McAvoy, where the focus is on consistency because when you have the consistent part down, profits become easy. All right, hello, everybody. Welcome to the new episode of the Consistent Profits podcast. We're visiting again today with Louise Non Wheeler. She is a hypnotherapist from the UK and a really cool person. She's been on the show before, so we're gonna do a little bit of catching up today. Louise, thanks for being here.

Taking a tool, losses, etc. Then what happens is the fight or flight will come in.

Yeah, so, yeah, no, I grin because it's word. I've heard a lot over the last few months and I don't know why, because up until May, probably about six months ago, I hadn't really heard hardly anybody use it. And like I said, lately it's, it's like almost everybody that I'm talking to, they're talking about, yeah, you know, go on tilt. So. But I love it because it's, you know, it's a visual word, but it's so appropriate for, yeah, trading. Because it's like, I'm over here, I'm off balance, I'm struggling. And so, yeah, that.

Now your ebook for traders, Traders Mind Reset. Ebook. And also I launched a new course this year, funded Trader Mastery. And yeah, just sort of being on social media, obviously the podcast as well, Trading in the Zen, that's been going really well. So, yeah, just kind of. Just a combination of a few different things really. But it's, it's all going well and it's, it's helping traders. So.

Yeah, yeah, well. And, yeah, and I remember, I mean, I'm on your mailing list, of course, so I can see when you have new stuff coming out and you publish excellent articles when you do, you know, take the time to write them. So. Now, one thing that I would really like to get into a little bit with you today that I think is going to be a value for everybody is helping everybody understand because, you know, everybody, you know, knows about trading psychology being so important for traders and all that kind of stuff, but there are a lot of different angles or perspectives on the matter. And one of the reasons I'm always excited to interview you is because I think you've got a very unique approach to it and it's very effective one, you know, it's not new, so you didn't invent it, but you've really, you've really been able to bring it into trading in a way that's very effective and that's with the hypnotherapy. And so, you know, what, what really from a, you know, psychological perspective, because, you know, with traders, I mean, what would you say are the more common issues that traders are running into from a psychological perspective? You know, when they're coming to you, what kind of stuff are they usually running into?

So I think it's important to remember that, you know, everything we do basically sort of stems from the subconscious and that's including trading and trading behaviors. So going on to your question, it, it really stems from, from one thing or two things. Fears and limiting beliefs. So when I work with traders and you know, we have a chat, I can very quickly pick up patterns and hear things and I'm like, okay, there's something going on with self sabotage because I can hear in, you know, the trader's language that perhaps there's a, a lack of self worth. So we'd look at that. So I think generally most of the things, issues that traders experience is it, it can seem like a lot, it can feel overwhelming, but it literally comes down to a couple of things. And so I think it's really important not just in trading, but in, in life, you know, even sort of physical issues to always try and get to the root cause or causes as to why something's going on.

So yeah, okay, well now you, you mentioned them separately, said fears and limiting beliefs. Now limiting beliefs, of course, and. Well, we'll dive deep into the limiting beliefs here in a minute. But how do you distinguish fears from limiting beliefs where you like present them separately? How do you see the difference?

It's a good question really, because they can be attached. So say for instance, if somebody has a fear around or a negative relationship limiting belief around money, they're going to have a fear about embracing success. So they, you know, there can be a real strong link between limiting beliefs and fears. However, we've also got the primitive brain, that dinosaur brain that in a way keeps us safe, know, and it's something that we can't suppress, it's something that we shouldn't suppress. But basically it's our kind of physiology and our way of saying there's a fret going on. And so we feel it really physically. So if we feel in danger or a threat. So for a trader, loss of capital, losses, et cetera, then what happens is the fight or flight will come in. So that kind of fear response. And then that's generally when traders go on tilt. So their heart will race, they'll lose Focus, their hands are clammy, they're not trading logically, they're trading irrationally. And that's a real kind of fear response. Yeah.

So, yeah, no, I grin because it took this word I've heard a lot over the last few months. And I don't know why, because up until maybe, probably about six months ago, I hadn't really heard hardly anybody use it. And like I said, lately it's, it's like almost everybody that I'm talking to, they're talking about, yeah. You know, go on tilt. So. But I love it because it's, you know, it's a visual word, but it's so appropriate for. Yeah, trading because it's like, I'm over here, I'm off balance, I'm struggling. And so, yeah, that now with the, with the limiting beliefs. And this is one, like I said, I really want to spend a little bit of time with you on this because I think it's important. I mean, most people will recognize that, yes, limiting beliefs, of course that's going to be something that inhibits you if you have limiting beliefs. But we're like, when I first heard about them years ago and started looking into it, the problem I had was, well, if I've got limiting beliefs, how do I, how do I address, how do I fix them? Because especially if it's something that's kind of deeply ingrained and maybe, you know, like from my childhood or something, you know, just something that I grew up hearing all the time, you know, like, you know, money is the root of all evil or something like that, you know, addressing those beliefs and, well, uncovering what's actually like the, the root belief underneath it all. You know, how do you, how do you, how does hypnotherapy actually help to get down to the very root of the problem?

I love this question. And you're talking about something I'm really passionate about, obviously hypnosis and hypnotherapy, but also beliefs, you know, and you know, we've had this conversation before or a conversation about beliefs, but it's so, so important for everybody now. The first thing is it can be really difficult to identify exactly what our limiting beliefs are.

Oh yeah.

But there's various, number one, so there's various ways where you can start to identify limiting beliefs. You know, you start to look at your relationship to success, to money, to your self worth, things like that. And if, if something's off balance and not how you really want it to be on a conscious level, then there is something going on subconscious, which is probably a limiting belief. Now, the good news is our subconscious mind knows everything about us. It knows everything, including our limiting beliefs. And so if somebody works with their subconscious mind through meditation, self hypnosis, journaling, they can access that part where, where their mind silent to start to kind of really identify the limiting beliefs. And then when that happens, you're in a position where you can start to change that, challenge them and change that. And if I'm honest, the fastest way to change limiting beliefs is by working with the subconscious mind.

Well, now first, hypnosis, because I mean that hypnosis is when you're talking directly to the subconscious, right?

Yeah, pretty much. I mean, there's many, many different techniques with hypnosis, many techniques, but it generally is about guiding a person into a relaxed place simply because that's the time where the conscious part of the mind starts to quieten down and the subconscious is more kind of open and receptive. And it is, it's literally about talking to the subconscious mind, the person's subconscious mind, or if you're doing self hypnosis, you know, your own sort of subconscious, and it really is about changing, reframing, eliminating. Now, it's important to be mindful that any changes that a person does not want to see is never going to happen. And it's simply because the subconscious knows everything about them and it knows what changes they want and what they don't want. So it's remarkable how it works.

Well, actually, I'm glad you mentioned that because. And I'd love to hear your perspective on this and your experience with working with people, because I remember hearing years ago that you can have an internal conflict between what you consciously say you want and subconsciously what you want. And so, you know, we're talking about limiting beliefs, but in your experience, you know, when you're working with people, what kind of conflicts in particular would you say you've run into and you know, situations or maybe examples, if you can, you know, share any on where. Yeah, somebody would say something like, yeah, you know, I want to be successful, I want to be a millionaire. And what, when you, when you're working with them under hypnosis, what kind of stuff are you coming up that their subconscious might be kind of sitting on saying, no, I disagree. And so, yeah, I mean, what might be a couple of examples of that? Because I mean, like, like, like, like you're saying if you look at your life, that's really going to tell you what your beliefs are?

Yeah, absolutely. Yeah. So that's That's. Yeah, that's another good question. So what can happen is sometimes when a person's going into hypnosis or they're in hypnosis, say for instance, I'm saying, you know, you'll start to feel better. You're, you're trading with more consistency, you feel good about yourself, things like that, you know, your confidence is growing. What might happen in that space is their conscious part of the mind is going, I don't believe that. No, no, we're not going to have that, you know, like sort of the chimp mind. Now, that's absolutely fine. And I say to clients, let it go. That's absolutely fine. It's natural for that, for sometimes those thought patterns to come up. The good news is the subconscious part of the mind will always eventually override the conscious part of the mind because it's so much more powerful. It's, it's a powerhouse, our subconscious. And so eventually what will happen, even if it's kind of a couple of sessions, is clients will start to say, yeah, I don't have that negative self talk anymore. It's because the subconscious has started to absorb and change things for us or for them.

So finally giving up the argument.

Yeah, yeah, that tug of war starts to, to reduce, huh.

Well, now, as far as hypnosis, so how do you, how do you say it's, you know, getting somebody into a relaxed state. But again, just for our audience, you know, for, for people aren't all that familiar with hypnosis or maybe they've seen, just seen stage hypnosis where, you know, people are kind of supposedly, you know, talked into doing odd things, you know, like walking around like a chicken and stuff like that. So what's, what's going on in a person's brain when they're under hypnosis? I mean, are they still awake? Are they kind of in a trance and unaware of their surroundings or what?

There's different levels of hypnosis. So there's that really light level of hypnosis. And I'll give you an example. So say, for instance, when we get in our car and we drive and we get to the destination, more often than not we go, I don't remember that journey much. We're in kind of that daydream. That's me.

I've done that a lot.

Yeah, light hypnosis. And we, we're kind of in hypnosis all day, every day in light hypnosis is that kind of dreamlike state. Now, there are very different levels of hypnosis. Generally, the hypnosis that clients first see is one minute they'll hear what I'm saying and then they'll drift out and then it's kind of like they're going in between the states. State of awaken asleep. And it's really quiet. It feels like sort of nice waves of relaxation. And then you can get very, very deep with hypnosis where your body is super heavy but your mind, like, you'll hear a pin drop, your senses are super sharp because you're in that real space. So. Yeah, there's different levels of hypnosis. I've been in all of them, so.

So when you're in one of the deeper states, how's that different from being asleep? I mean, because I've. I've experimented with stuff and I haven't worked with you yet as far as actually, I mean, I've never been hypnotized and. But I've always been curious. There's a part of me, it's. I don't know, a little guarded. But what, what's the experience like when you get into a deep hypnotic trance versus, you know, when you're drifting off to sleep or something like that?

I would describe it personally. I can't sort of, you know, everybody's kind of views on it are different. But for me, when I've been in that space, I would class it as bliss. It is absolute bliss. It's like, it's very, very. It's the same state as meditation, but you just feel so relaxed in your body. Like your senses are high end and there's just absolute peace. You just become the observer of your thoughts and. Yeah.

So are you still very well aware of your surroundings and are you in like a conscious.

Okay, yeah. Yeah.

All right. I had to ask because, like a lot of times, you know. Well, yeah, you know, when I'm meditating or whatever, sometimes it's like I'll. I'll lose awareness of my surrounding and it's. I'm not necessarily asleep. I'm still kind of consciously thinking, but mentally I've gone somewhere else.

Yeah, that's what it's like. Absolutely. Yeah. It's just kind of. It's a really nice, peaceful place to be really. And when we're in that place where our conscious mind, you know, we've got that silence. Our subconscious, I mean, it's. Our subconscious never sleeps, is always awake. It's like I said, it's a powerhouse, but it's more sort of receptive to absorbing images, suggestions and so forth.

Huh. Well, now, so the. So we have different states of mind or states of consciousness that you deal with with hypnotherapy. How can a person kind of guard their mentality if they're say, you know, they've got stuff going on in the background, like, you know, listening to CNBC or some other, you know, news channel or something like that, while they're trading, they're not necessarily paying attention to it, but it's back, they're playing and they're hearing it, and very likely hearing it on a subconscious level, even if they're not hearing it consciously. And just things in general, how can a person, like I said, kind of guard their mentality so that they're not picking up stuff by default and having stuff put in their head that they're not aware of and especially into their subconscious?

Well, that's. Yeah, that's a good point, actually. You know, it's not just what we feed our body. It's what we feed our mind. I mean, for me, I don't watch mainstream media. I just. I haven't watched it for years. I have no interest in it. That's my personal choice.

No, it's funny you bring that up. I'm the same way. I haven't had regular. Regular TV for years. And the other day I just happened to be passing through a room and they had a regular show, and I think it was the Sopranos or something like that. I stopped and there was a little commercial break. And years ago, it would. You. You know, it'd be three, maybe five commercials. There were 32 commercials in this one commercial break. Like, you've got to be kidding me. I mean, it was shorter, but it was just one after another after another after another, and a whole lot of visual stimulus and stuff like this. And I'm like, oh, my. Yeah, no wonder I quit doing this. Yeah, it's nuts.

It's crazy. And it's. It's shortening people's attention span. Like, apparently now people's attention span, especially on social media, is six seconds. I mean, it's like we've. So I think it's going back to your question. It's really important what we feed our mind. For me, I don't watch any of that. I don't watch tv. I watch documentaries. I read a lot. You know, I spend a lot of time in nature and so forth. But before I go to sleep, before a person goes to sleep, it's really important what they listen to or what they're watching or feed their mind. And, yeah, it's the most, the most important time is before we're just about to go to sleep. So I would strongly suggest not to be reading the news and kind of. And definitely flashing images and staying off of Facebook. That's, that's just a suggestion. It's.

Yeah, but oh no, you're absolutely right because I, I had to, had to make it a rule for myself as part of my evening routine. It's like, yeah, at least an hour before bed. It's like I just stay off of all that stuff because I went through a spell where I was on Facebook every night toward the end of the day. And not only is it like a mind suck anyway, it's like I get in there, you know, I'm just going to check a couple of things and it's like an hour later, it's like, oh my God, it's just that quick. It's gone.

You lose time.

But I would, I found that I would be dreaming about this stuff all night long and I'd wake up thinking about this stuff and it's like, I just got to stop doing this to myself.

Yeah, yeah, yeah. I've done it before myself. Like I've seen some stuff on Instagram reels and I've had dreams and I not generally have very good dreams. But that night I was like, no, it has to stop. So most nights for me I listen to my hypnosis, but yeah, depends.

Well, so as far as like an evening routine, because you're bringing up something really important here. You know, a lot of people like, they like to talk about morning routines, but your morning really is largely dictated by what you do the night before sleep that you get. So what would you, what are some suggestions that you might have for an evening routine for people that, you know, yeah, they want to be able to sleep well and wake up refreshed and then, you know, good mental state especially, you know, for their trading day. What are some things you'd recommend for like an evening routine?

Yeah, it's a good, another good question. I guess everybody's lifestyle's different. You know, some people have families and so forth. But I think number one sleep is, you know, it's a non negotiable. The quality and quantity of our sleep is so important. And for me that's one of the things that always comes first. You know, I think that a person should get at least 7 hours good sleep if possible. And you know, there's ways, there's, it's important to kind of have that good environment, you know, like a diet.