Stop Sabotaging Your Success When Doing Well

Kardex Trader explains why traders sabotage themselves after winning streaks. The dopamine rush from success creates overconfidence or fear of loss, both rooted in money beliefs formed early in life. He shares his childhood in an alcoholic household that taught him money must be constantly reclaimed, and offers practical steps: take breaks, reset your mental state before trading, and investigate your underlying beliefs.
Chapters
Kardec Trader. Have you ever been in a place where you've been putting good days together, and those good days may be a couple days, they may be a week, they may be a month or two, and you've pulled it together, and all of a sudden you are trading at the level that you want to be trading, and you start seeing, oh, that ratio of my losers to my winners, it's, it's hitting that zone where I, I know that if I lose, I know that my losses are only going to be half as the size of my gains, and I start making good decisions. This goes on, and you know something, I start feeling really good. I said, I've made it, I finally have turned the corner. And then you go to Okay, what happened? You've done all this work, you've earned it, you know this stuff backwards and forwards, you have the knowledge of trading. Then you get into trading where the money's real and you really decide, oh my God, you know something, I need to start really doing a better job. You really buckle down, you even get more determined, you get more really focused and riveted on your work. And you push the emotions away. Okay? And at the same time you're looking at it, gradually you see that you are putting good days together, good weeks together, and you're feeling good. Friends, the feeling good is the very moment that you took defeat out of the jaws of victory. It was at that moment that you went tilt. You didn't notice it. What happened is you started feeling good. Now, everybody wants to feel good, or do they? In trading, feeling good is dangerous because what you're experiencing with feeling good is you are actually hitting the dopamine reward system, bap, bap, bap, and you're getting squirts of dopamine. You're feeling good, that is a neurotransmitter that makes you feel good. It's a high reward. So you, what happens, you sit there and you're doing really well and you're hitting the reward system and it says, "Do that more, do that more, make that a habit." The problem is, is what you're also wiring into that habit is the feeling good component. Feeling good to emotional intelligence is very different than feeling good like, man, I just won one, boy, I feel like whooping it up. Feeling good is basically euphoria, the same euphoria that you would get from snorting cocaine. And it's gonna take you out of a state of mind that can trade correctly, okay? You start feeling good, you start deciding that, you know something, hey man, the good days are here, I finally turned the corner, I've made it. No, you have not made it. That's the delusion of dopamine, which by the way is a lot like cocaine. What you've got up into this moment of where you started feeling good, you had been able to say, you know, I can maintain a particular mind created from a particular set of emotions. And what I teach is you're building a cocktail from discipline, of a ruler, from the courage of a warrior, from the self-cooling, self-calming of a caregiver, and from the impartiality of a sage. You put those emotional programs together, and out of those emotional programs rises the mind. All thinking is emotional state dependent, okay? That then embraces, engages the uncertainty. That is what you need. However, when you win, all you've really done is you've landed on the right side of probability. But you've taken it as like, hey, look at me, I've won. I've got it. I've got this finally. I've turned the corner. I have figured this out. The good days are gonna roll on forever now. That's euphoria. And it is so far different than the state of mind rooted in discipline. Courage, self-soothing, impartiality. Suddenly, in hitting that dopamine— and understand, it's biological— you get a reward, you know, you do something right, and the way you actually take that thing and pull it into pattern is by dopamine. It's the reward for doing it. You do it over and over again, you get a fix, and all of a sudden it is instinctual. You would never know that what you've done is out anything outside of like good plan. I like to feel good. Why wouldn't I want to feel good? Because it takes you out of the trader state of mind. You're no longer evaluating, engaging the uncertainty of risk from that stable mind. You now are in a euphoric mind. And it so happens that I see that every day. I see people who have learned how to trade, they've done their work, and they finally get a streak going Okay, and they mistake that streak with being good. No, it's a streak. Probably what you've done is you've gotten the trader state of mind, you've balanced it, you've taken it on, and after a while you hit that dopamine reward so much that it takes you out of the mind that you need for trading. That's how you sabotage yourself. You didn't even know it. What I want you to do is start noticing what emotion you're in. If you're feeling good, you've got trouble on your hands. You may not see it right that moment, but it's there. And you need to pull that feeling good euphoria back to a place of where you have a disciplined mind. You have the courage again. You have the calming down ability. And you have the impartiality that comes with that. Because the first casualty with euphoria is impartiality. So that's one side of what it's like to blow up by sabotage. And you're seeing that, you know, what happens— you have all these good intentions, you're winning, you've done all the stuff, you've done, you've done what society norms success supposed to be, you've gotten that moment, you're there, and what happens, you discover, is society's wrong. If you're going to win, produce success, long-term success in trading, You're not going to feel good. You're going to have this discipline, courageous, self-calming, and impartial mind. That's what you want. The mind to rise out of those emotional cocktails to be able to judge, guess what, uncertainty. There's a second path to sabotage. Okay? The second one is you start winning. You start putting good days. You're on a streak. You're on it. Hey man, this feels This is really good. Everything's great. And then all of a sudden, somewhere along the line where you start really bumping up against your deep beliefs about money, you start saying, oh golly, man, I've been winning. You know, if I'm winning, uh, somewhere along the line, I'm gonna have to start losing. Whatever goes up must come down. And you know, I need to, I need to be really careful because you know, something is, I'm winning. And that means, that means that sooner or later I'm going to start losing again. And before you know it, you've created the think of losing mind of scared money. And guess what? You, the observer that you are, just gets absolutely painted into a box where the observer looks out and sees the potential of losing. And what do you think it starts creating? Even though abundance is all around you, that observer now is focused on, guess what? Losing, giving it back. And before you know it, darned if your mind, rational creature that you are, rationalizes a reason to start losing. Yeah. So what you're looking at here, this is actually a kind of scarcity thinking. Okay, where the other is, you know, the exact opposite. You know, you're just absolutely in euphoria and everything's great and everything's wonderful. Two different minds producing the same result. Two different pathways. One, success, winning, and triggering the euphoria. You're going to have to learn very soon that when you're trading, you've got to, you've got to embrace the trader's mind. You cannot allow feeling good to creep in, okay? You maintain that trader state of mind. Now, on the other side, what you're doing is you're having scarcity beliefs showing up, and your job is to say, this is causing failure. I'm not scared of failure. What happens is I see failure as a way of learning. And you look at the failure and say, what's behind that? I know there is an emotional program But beneath the program that's fired that allowed me to have a mind that really messed up, what I know is there is a self-limiting belief about my understanding of money, what money really is. And the truth is a lot of people live in scarcity where they think what they have is going to be taken away from them. That's why they stay small. That's why they stay in dead-end jobs. That's why they have a hard time in trading because you're creating your world. Based on what kind of emotional state management you're using to generate the mind that engages that uncertainty, that uncertainty of risk. So now you have both sides. What I want you to do is take a look at your trading, take a look at your life for goodness sake, and start saying, how is it I go about sabotaging myself? Do I use the root of euphoria and start feeling good and get out of the state of mind where I start believing everything's going to be great, everything's wonderful, I'm there, man, I am in the zone, I know how to trade now? Which is BS because ultimately what you're doing, particularly with my work, is you're learning how to sustain a particular kind of mind from an emotional cocktail for about an hour, hour and a half at a pop. Then you need to like do anything but think, let the brain kind of recover, start over again, recreate that brain before you start trading, trading again. That way you get a good mind to gauge with. On the other hand, what happens is you're looking at sabotage from actually, you know, actually starting putting good, good stuff together, good wins, good days, good weeks, good months, and all of a sudden really believing that maybe you don't deserve that money. Maybe you're not worth that. Maybe you know that things are going to blow up. Like for instance, in my childhood where I grew up in, now I grew up in a profoundly chaotic, profoundly alcoholic. I committed my parents to a mental institution because of this. And mentally ill, my mother was bipolar. Everything was chaotic all the time. And what I did, what my brain did, is it adapted me to survive in chaos. When I grew up, I went out and somehow always found chaos around me. If there was not chaos there, I would create chaos because that's what I wanted. And at the very core of it was a money belief about get the money back. You've lost it, something's taken away from you, and now you've got to get it back. You've got to work to get it back. So I was always getting money back, not realizing that I was creating scenario of losing to get the money back. And I stayed in that for about 15 years. Okay. And I finally learned that, oh my God, this is what is— this is what it— this is what the belief is at the bottom of my sabotage of my potential. Yeah. So what I want you to do, maybe watch this video again, then start looking at the other videos on YouTube, but then go to my website and start really drilling down and start asking, what are the beliefs that are generating my emotional response to the management of uncertainty? Is it euphoric where I'm just, I finally got there, I'm going to make it, I see, I see the gold at the end of the rainbow? Or is it, oh my God, something bad's going to happen? Take a look at that and start seeing not just in trading, but in the rest of your life too. How does this work out? Okay, come and learn, friends. Come and learn. Watch, watch the webinar this month. Go to the website, go to YouTube. Really start saying, what makes me tick, and what do I need to reorder in myself to become the mind that can in fact trade well? Okay, come and see us. Take care.










