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You Can't Become Rich In Your Pocket Until You Become Rich In Your Mind | ||||
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The picture you have of yourself will also determine whether or not you can be successful in tradingSOME BACKGROUND TO GET YOU STARTED I really feel for you to learn and really understand an idea or a set of ideas, its important for you to know the background of where it comes from. If you understand where the ideas come from and the foundation of where they came from, it makes understanding the details much easier as well as making them being more meaningful. Dr. Maxwell Maltz wrote a book called Psycho-Cybernetics and it was first published in 1960. This book became a huge best seller. It is often thought of as one of the best self-help books ever written. Dr. Maltz was one of the worlds most widely known and highly regarded plastic surgeons. He was a Professor of Plastic Surgery at the University of Nicaragua and the University of El Salvador. Even today, Dr. Maltzs discoveries in the field of self-image psychology continue to influence thousands of people worldwide. Psycho-Cybernetics is still on the cutting edge of personal development technology. It remains as timely today as the personal computer. In fact, Psycho-Cybernetics has often been called the first and only true science of personal development, and many experts feel it is the only true way to alter your personality. As a plastic surgeon, Dr. Maltz operated on thousands of people. The plastic surgery that he performed on people (usually facial surgery) brought not only a change in these peoples physical appearance, but in many cases, an amazing change often occurred in their personality too. This dramatic change in personality occurred almost immediately after their face had been changed. Dr. Maltz realized when you change a mans face, you frequently change a mans psyche too. Dr. Maltz realized this was an awesome responsibility, so he knew he needed to learn as much about this phenomenon as possible. He figured he owed it to his patients and himself to know fully about what he is doing and the dramatic changes that he was bringing about in peoples lives. The strange thing was that some patients showed no personality change whatsoever to the dramatic changes in appearance. While, on the other hand, many other patients showed huge changes in attitude and personality less than a month after surgery. Dr. Maltz needed to find out why some people changed for the better and others simply acted as if there was no change at all, as if the surgery was not performed. This told Dr. Maltz that the changes in appearance were not the key to the changes in personality. There was something else which was usually influenced by the facial surgery, but sometimes not. When this something else was reconstructed, the person himself changed. When this something else was not reconstructed, the person himself remained the same, although the physical features might be radically different. It was as if personality itself had a face. This non-physical face of personality seemed to be the real key to personality change. If it remained scarred, distorted, ugly, or inferior, the person himself acted out this role in his behavior regardless of the changes in physical appearance. If this face of personality could be reconstructed, if old emotional scars could be removed, then the person himself changed, even without facial plastic surgery. Once he began to explore this area, he found more and more phenomena, which confirmed the fact that the self-image, the individuals mental picture of himself, was the real key to personality and behavior. The picture you have of yourself will also determine whether or not you can be successful in trading. In other words, if you have a clear picture of yourself as a successful trader, that will go much farther than you can imagine in getting you to become and remain a successful, profitable trader. You will need to learn how to see that picture clearly in your mind. It is the only way to achieve success. MENTAL PICTURES Successful men and women have, since the beginning of time, used mental pictures and rehearsal practice, to achieve success. Napoleon, for example, practiced soldiering, in his imagination, for many years, before he ever actually went on the battlefield. He vividly imagined himself as commander, and drew up maps showing where he would place various defenses. He would make all his calculations with mathematical precision in his mind. Conrad Hilton, the famous owner of the Hilton Hotel chain, saw himself owning and operating hotels in his imagination many years before he bought his first hotel. Mr. Hilton said he imagined himself to be a successful hotel man long before he became one. A famous basketball coach once said, There is no way to put the ball in the basket when the pressure is on, if you cant see the ball going in the hoop clearly in your imagination first. I would say the same is true for trading. If you cant clearly see yourself in your imagination as a successful trader, there is no way you can be a successful trader. The best most successful traders have been vividly picturing themselves as successful for many years. (And, in many cases, these traders pictured themselves as a success long before they actually were successful.) There is an automatic mechanism inside all of us. Dr. Maltz calls it the servomechanism, and it is an automatic goal-seeking machine, which steers its way to a target or goal. We all have this inside of us and can use it to achieve goals that we want to reach. This servo-mechanism works very much like a guided missile. But just like a guided missile, it needs proper programming to hit its target. That programming comes in the form of mental pictures that we give the servo-mechanism. If we continually give the servo-mechanism clear, vivid pictures of the goals we are trying to achieve, our subconscious will quite automatically do the necessary things to help us achieve our goals. On the other hand, if we continually think and picture the things we dont want to happen, our servo-mechanism will take those pictures as our goal, and attempt to make those bad pictures come true. You see the servo-mechanism works quite automatically. It simply takes the mental pictures we give it and tries to make them reality. It doesnt care if those mental pictures are in our best interest or not. It simply reacts to the mental pictures we give it. For example, if we are worried about being able to give a speech in front of a large number of people. If we vividly picture in our minds the speech going very well and the audience receiving us in a positive way, this will go a long way in helping us to give the speech and have it come out the way we want. But, on the other hand, if we continually worry that we will be laughed at, the words will come out all wrong, and we will give a poor speech. Then this is what will most likely happen to us. Our servo-mechanism will most likely perform the type of speech we have vividly pictured in our minds. This is precisely how the success and failure mechanisms inside us work. (We will talk about the success and failure mechanisms a little more in a few minutes.) But the goal or picture in your mind must be within your capabilities. For example, in trading, if you picture yourself making a few hundred dollars a day or a week, then you can probably achieve that goal as long as you can see it in your imagination clearly enough. On the other hand, if you picture yourself making $5,000 everyday, no matter how clearly you picture that goal, it will be next to impossible to make it reality because it is probably not within your capabilities. You can imagine yourself any way you want in the future, success or failure. Its all up to you. But, all too often, people are not willing to exercise this control. They allow their imagination to destroy their potential by picturing situations in the past in which they have failed. We all carry mental scrapbooks, but instead of preserving the joyous occasions of life, the moments of accomplishments, some people save only their times of failure and frustration. But, its so easy to take control over their imagination. All you have to remember is that your brain has a hard time distinguishing between real and imagined experiences, if they are vividly enough imagined. If we picture ourselves functioning in specific situations clearly and vividly, it is the same as the actual performance. Mental practice can help you perform better in real life. You will learn specific mental exercises to help you improve your trading. These mental exercises, if imagined vividly enough, will be almost the same as the real situation. They will help you be ready for many different situations youll come across while trading. A psychologist demonstrated the power of mental pictures. He found mental practice could help people throw darts more accurately. (Dont get me wrong here, Im not suggesting that throwing darts is the same as trading. I just want to give you an example to make the idea of mental pictures more clear.) He sat his subjects in front of the targets and told them to imagine that they were throwing darts at it. He did this for several days and tested them for actual performance and found that this mental practice had improved their aim as much as actually throwing the darts. Golfers use this technique too. When you next watch golf on television, note how the pro rehearses his shot, imagining what is going to happen before he physically hits the ball. The alltime great golfer, Ben Hogan, once described for Time Magazine how he mentally rehearsed each shot before he attempted it, making the shot perfectly in his imagination, feeling his back swing and follow through, exactly as it needed to be. Another example would be shadow boxing. Boxers regularly use this technique to improve their performance in the ring. You, too, can learn to apply this technique to improve your trading. You can shadow box in different areas of the trading arena that you are having trouble with. You may be asking yourself whether it is actually true that you can exert real control over your behavior and even outside events using your imagination. Well, its certainly not quite as easy as okay, Ill imagine my way to success. Like becoming good at anything, there are steps youll have to learn and regularly practice. The picture you have of yourself will also determine whether or not you can be successful in trading. In other words, if you have a clear picture of yourself as a successful trader, that will go much farther than you can imagine in getting you to become and remain a successful, profitable trader. You will need to learn how to see that picture clearly in your mind. It is the only way to achieve success. |
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