Trading Psychology: Letting Go of Limiting Beliefs - Part 1

Do you have limiting beliefs that are holding you back in your trading, that are making it tough for you to make money and keep it? Well, it's entirely likely. I mean, if you think about it, beliefs are at the root of our mental processes. You know, how we interpret the information that we take in what we think of and how we form our decisions on what to do, what to focus on, all that kind of stuff. All this mental processing that we do all day, every day and especially as we're trading has the underlying foundation of our beliefs. Now if things are not going ideally for you, well, it's probably because you've got some limiting beliefs that are interfering with things. And I mean, this only makes sense. And you probably heard the phrase, you know, you are your own worst enemy. Well, the beliefs really are the enemy. It's not you, of course, but yeah, it's, you know, if we're having troubles, if we're not, you know, enjoying the kind of results that we want, it's usually because we have some limiting beliefs that, that are interfering with our ability to succeed. And that's what we're going to take a look at in this series. Now, what kind of limiting beliefs might we be talking about? Well, there might be some foundational ones and this is going to be a series of videos because there is a lot to cover in this. There are a lot of things, there are a lot of things that can make trading difficult. So as you're well aware, a lot of ways things can go wrong. So anyway, as far as beliefs, what we're going to look at are the different, you know, there are different categories. And so one of the first ones that we're going to look at are really beliefs about yourself. And we're going to, and this again is going to be a series of videos, but today, you know, we're just going to take a look at some of the really foundational things, such as, you know, do you even believe that you deserve the success, the successful trading that you really want just based strictly on how things have gone so far? Is your past experience being allowed to define what's okay for you in the future? Or have you maybe had such bad screw ups that your brain is saying, wow, no, you don't deserve it now because you just really screwed up, that was just a blunder and a half or if you've actually blown up your account or you know, maybe it kind of goes a little deeper than that. Maybe it's just, you know, in general because you know, what, you know, what the potential is here for trading. And, you know, maybe there's a part of you that says, well, I don't know, you don't deserve that. You know, you can have some success and you can, you know, you're okay where you're at, but you know, man, if you really hit it big, you just don't deserve it. So, you know, those are a couple of like, again, you know, the real foundational stuff. Do you just really. It's one, you know, do you deserve the success? And so you have to take a look at it and is it possible that, you know, somewhere in the back of your mind there's this belief saying, no, you don't deserve it because of, again, you know, you know, your past experience with trading, you know, some scripts that you've had there that, you know, the fact that it's been rough or you've made a lot of mistakes or just plain, you know, you've had the old cycle of try and fail so many times that, wow, yeah, you just don't deserve it. Or maybe it's just you, you know, in general, you know, no, you don't deserve to see this. Just really take off and enjoy the trading lifestyle. So those are a couple of foundational ones that you might want to ask yourself. You know, is this floating around in my head when I think about trading, when I envision, you know, yeah, man, I'm just really, you know, rocking it with my trading. And I'm making 10, 20, 30% ROI per month on my trading account. You know, I'm getting that really excellent return. Is there a part of me that says, no? You know, when you think about that, when you envision it, do you feel some kind of discomfort physically or mentally or emotionally? If you do, that can be a sign that, yeah, okay, you've got some internal conflict. And so, you know, again, just the first step is raising the awareness to it and bringing it to conscious light so that we can address it. So in the rest of the videos in the series, you know, we're going to talk about the different beliefs and also how to attend to them so that you can, you know, release their grip on you and change them into more constructive beliefs. So I hope this has been helpful. If it has, you know, give me a like and a subscribe down below and you know, you want to subscribe to my videos. So as I release them, you're getting them and, you know, helping with your trading. And of course, you know, if you enjoyed it and you have friends who trade, please, you know, do go ahead and share it with them. I do. I publish these so that I can help you trade better and enjoy the success that you do deserve. You know, when trading works, it's great. When it doesn't, it can just really suck. And I would prefer that it works great for you. And it's. It's providing, you know, the addition to your life that you really, you know, seek from it. So, again, I hope this has been helpful. Talk to you soon. Cheers. So do you sometimes struggle with inconsistent results from your trading? You know, a little too much variability in, in what you're getting, as far as, you know, winners and losers. If you like, some help with your consistency. That's my area of expertise. I used to be a quality assurance manager and quality is all about getting consistent results, predictable, reliable results. So if you'd like my help with your trading, swing by insideout trading.com schedule a call with me. We'll get on. We'll talk about your situation, see if I can help you improve the consistency of your trading results. Talk to you soon.