Trading is a Journey in Self-Discovery

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Dr. M. Woodruff Johnson

02 Nov, 2012

in Psychology

So, trading is a journey in self-discovery, and you must begin to pull back the layers of your unconscious onion, one at a time to begin to realize and recognize what is motivating you to behavior that is producing results that you don’t want.  There are essentially two kinds of data with respect to trading.  Many traders miss this fact and therefore miss a very important set of variables that impact heavily upon their trading.  One type of data is mechanical data, which are everything that have to do with the markets; that being, news, technical analysis, instruments, indicators, etc..  This data is external to you.  The next type of data is internal data, which are everything that have to do with your thoughts, emotions and behavior; in other words the T+E+B=R equation which impacts upon every outcome that you get.  You must manage this equation in order to manage your results.

Trading is a 100% mental and emotional game.  Either you are preparing, analyzing, processing or executing while trading; all of which require mental and emotional tools.  If you don’t have mental and emotional tools that’s like driving without a steering wheel; and you will not only lose your way but you will crash and burn without it.  And, you can’t steer if you are driving blindfolded.  You must become aware of what is between you and keeping commitments with consistent follow-through. In Mastering the Mental Game we teach you tools and techniques to put the steering into your trading while helping you to remove the blindfolds as well in order for your journey to be a joyful and self-fulfilling one.  Remember, you can’t change what you can’t face, and you can’t face what you don’t know.

May all your trades be green.

Dr Woody Johnson can be contacted at The Online Trading Academy

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Re: Trading is a Journey in Self-Discovery

Markets work independent of what we think about it and it's been doing that for years & years.
It's us who have to keep on re-adjusting to the actions we take against the market, and this re-adjustment times & again is something which brings our inner values on the table in front of us.
If we love ourselves, we pick up the right values and let go of the bad ones, else we just ignorantly keep going and lose all we can.
Trading is a platform for self-discovery, I've experienced that, I hope someday you all do.

Regards
Pankaj

Nov 15, 2012

Rookie Member (14 posts)

good morning

hello dr M
I just spend a few minutes reading your article very relevant. I wanted to thank you for the advice that will make me a much better trader.

Nov 14, 2012

Rookie Member (5 posts)

Re: Trading is a Journey in Self-Discovery

BeginnerJoe;2007106
Well, clearly your journey was different to mine as well. My long is now non-loosable. Trading needn't be so much work, so much thinking, and so much teaching. One just has to flow, you know, really flow. While it's flowing, I now go play sports. When I come back, pips could be waiting.


Illiterate ****-"non-loosable" :thumbsdow - so you cannot "loosen" whatever it is you omit to name.
Perhaps you mean-" I cannot lose."

Nov 05, 2012

Member (4885 posts)

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