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You Can't Become Rich In Your Pocket Until You Become Rich In Your Mind | ||||
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If you have the self-image of a trader whos scared and afraid to pull the trigger, then being successful and making money will be next to impossible even before you startMORE RELAXATION EXERCISES The following relaxation exercises can be used instead of the calm body, calm mindexercise.(Taken from Psycho-Cybernetics): 1) In your minds eye, see yourself lying stretched out upon the bed. Form a picture of your legs as they would look if made of concrete. See yourself lying there with two heavy concrete legs. See these very heavy concrete legs sinking far down into the mattress from their sheer weight. Now picture your arms and hands as made of concrete. They also are very heavy and are sinking down into the bed and exerting tremendous pressure against the bed. In your minds eye, see a friend come into the room and attempt to lift your heavy concrete legs. He takes hold of your feet and attempts to lift them, but they are too heavy for him. He cannot do it. Repeat with arms, neck, etc. 2) Your body is a big marionette doll. Your hands are tied loosely to your wrists by strings. Your forearm is connected loosely by a string to your upper arm. Your upper arm is connected very loosely by a string to your shoulder. Your feet, calves, and thighs are also connected together with a single string. The strings which control your jaw and hold your lips together have slackened and stretched to such an extent that your chin has dropped down loosely against your chest. All the various strings which connect the various parts of your body are loose and limp and your body is just sprawled loosely across the bed. Many people will find this the most relaxing of all. Just go back in memory to some relaxing and pleasant scene from your past. There is always some time in everyones life when they felt relaxed, at ease, and at peace with the world. Pick out your own relaxing picture from your past and call up detailed memory images. Yours may be a peaceful scene at a mountain lake where you went fishing. If so, pay particular attention to the little incidental things in the environment. Remember the quiet ripples on the water. What sounds were present? Did you hear the quiet rustling of the leaves? Maybe you remember sitting perfectly relaxed and somewhat drowsy in front of a burning fireplace long ago. Did the logs crackle and spark? What other sights and sounds were present? Maybe you choose to remember relaxing in the sun on a beach. How did the sand feel against your body? Could you feel the warm relaxing sun touching your body, almost as a physical thing? Was there a breeze blowing? Were there gulls on the beach? The more of these incidental details you can remember and picture to yourself, the more successful you will be. Daily practice will bring these mental pictures or memories clearer and clearer. The effect of learning will also be cumulative. Practice will strengthen the tie-in between mental image and physical sensation. You will become more and more proficient in relaxation and this itself will be remembered in future practice sessions. WHY VISUALIZATION TECHNIQUES WORKS! The question often comes up of why visualization techniques work so well and why so many people use them on a daily basis. Its really very simple. Everyone has a self-image or, in other words, a picture of the way they see themselves. This picture may not necessarily be true, but nevertheless, that picture will influence your behavior in extreme ways. For instance, lets say you think of yourself as a person who lacks coordination. That alone will cause you to drop things easily, possibly slip and fall, as well as other things that go along with a lack of coordination. Your self-image (picture you have of yourself) will always control your behavior. So, on the other hand, if you see yourself as a very coordinated person, that will go along way to helping you be sure-footed. The power your self-image has over you is remarkable. So the key to acting the way you want is to first change your self-image. Once you change your self-image, your behavior will change quickly and almost automatically. A good example that we mentioned before was a person trying to lose weight. A person will never be able to stick to a good diet and exercise unless they first see themselves as a thinner person. Once they see themselves (in their minds eye) as a different person, its easy to change their behavior. They can easily eat healthier foods and make it to the heath club several days a week. But they wont be able to do this until they see the new picture of themselves. This is why using willpower to try and change a habit almost never works. Sure you may be able to force yourself to eat better foods and get to the health club for a few days, but if you dont change the picture you have of yourself, you wont be able to sustain it. Your self-image will say, what are you doing, youre not a person who goes to the health club and eats all these fruits and vegetables. And then you will go back to your old habits. But if you change your self-image using visualization techniques, then your new healthy habits can take over and changing your behavior will be almost effortless, where before changing those habits would have been a huge amount of fighting with your will. But willpower wouldnt work anyway, your self-image is always much stronger. What Does This Have To Do With Trading? The same is true for trading. If you have the self-image of a trader whos scared and afraid to pull the trigger, then being successful and making money will be next to impossible even before you start. On the other hand, if you have the self-image of a disciplined trader who acts in his own best interest, that alone will go along way to making money consistently. But you cant just say O.K., I now will be a confident disciplined trader and then expect it to happen. That is like trying to use willpower to force yourself to go to the health club. Just saying it is not enough. You need to use visualization on a daily basis to change that picture of yourself. The skills youve learned here will help you to change that picture so you can become the kind of trader you want to be. But make no mistake about it, if the self-image is not changed first, the behavior will not change! Its that simple. The following books were used for research: 1)Psycho-Cybernetics, by Maxwell Maltz - Pocket Books / Simon & Schuster 19602)The Disciplined Trader, by Mark Douglas - Prentice Hall 19903)Zero Resistance Living, presented by The Psycho-Cybernetics Foundation, Inc. 19974)The Secrets of Floor Traders, by Larry Levin - Trading Advantage 1998 |
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