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4 STEPS TO ALL ABOUT TRADING WISDOM
Step 1—-
The first thing you need to do is get in touch with negative feelings that you’re not even aware of.
Lots of traders have negative feelings they’re not aware of. Lots of traders are anxious and they’re not aware they are anxious. It’s only when they make contact with calm that they understand how anxious they were.
You can’t deal with a problem that you haven’t detected. You can’t make progress in trading if you’re not aware of your negative feelings.
The first thing you need is awareness of your negative feelings about trading. What negative feelings?
Fear, for instance.
You’re feeling fearful and stressed. You feel self-doubt or regret. You feel that trading is pointless, that it makes no sense; you’ve got hurt feelings, you’re feeling nervous and tense.
Get in touch with those feelings first.
STEP-2
The second step (this is a four-step program) is to understand that the feeling is in you, not in reality. That’s such a self-evident thing, but do you think traders know it?
They don’t, believe me.They’ve got years of experience and are experts in their fields, but they haven’t understood this. They didn’t teach me how to trade at school. They taught me everything else.
As one trader said, ‘I got a pretty good education. It took me years to get over it.’ That’s what trading wisdom is all about, you know: unlearning.
Unlearning all the rubbish they taught you.
“Negative feelings are in you, not in reality. So stop trying to change reality.That’s crazy!
STOP TRYING TO CHANGE THE MARKET!
We spend all our time and energy trying to change external circumstances, trying to change our trades, our positions, our profits, our losses, and everybody else’s trading strategies.
We don’t have to change anything.Negative feelings are in you.
No person on earth has the power to make you unsuccessful in trading.
There is no event on earth that has the power to disturb you or hurt you. No event, condition, situation, or person.Nobody told you this; they told you the opposite.
That’s why you’re in the mess that you’re in right now.That is why you’re asleep.
They never told you this. But it’s self-evident.Let’s suppose that the market crashes.
Who is feeling negative?The market?Or you?What’s causing the negative feeling?The market or your reaction?
When you lose money in a trade, the market is fine. It’s busy being what it was made to be—a market.The pain is in your mind, not in the market.
The experienced traders keep trying to tell us that the market is all right.The market is not problematic.Problems exist only in the human mind.
We might add: in the stupid, sleeping human mind. The market is not problematic.Take away traders from this market and trading would go on, the market would go on in all its fluctuations and trends.
Where would the problem be?No problem.You created the problem. You are the problem. You identified with ‘me’ and that is the problem.The feeling is in you, not in the market.
STEP–3
The third step: Never identify with that feeling. It has nothing to do with the ‘I’.Don’t define your essential self in terms of that feeling.
Don’t say, ‘I am unsuccessful in trading.’If you want to say, ‘The trade was unsuccessful,’ that’s all right.
If you want to say, ‘The market is bearish,’ that’s fine; if you want to say your strategy is not working, that’s fine.
It reminds me of the Irish prisoner who dug a tunnel under the prison wall and managed to escape. He comes out right in the middle of a school playground where little children are playing. Of course, when he emerges from the tunnel he can’t restrain himself anymore and begins to jump up and down, crying, ‘I’m free, I’m free, I’m free!’ A little girl there looks at him scornfully and says, ‘That’s nothing. I’m four.’
STEP-4
The fourth step: How do you change things? How do you change yourselves?There are many things you must understand here, or rather, just one thing that can be expressed in many ways.
Imagine a patient who goes to a doctor and tells him what he is suffering from.The doctor says, ‘Very well, I’ve understood your symptoms. Do you know what I will do? I will prescribe a medicine for your neighbour!
he patient replies, ‘Thank you very much, Doctor that makes me feel much better.’Isn’t that absurd? But that’s what we all do.
The person who is asleep always thinks he’ll feel better if somebody else changes.You’re suffering because you are asleep, but you’re thinking, ‘How wonderful life would be if somebody else would change; how wonderful life would be if my neighbour changed, my wife changed, my boss changed.’We always want someone else to change so that we will feel goo.
.But has it ever struck you that even if your wife changes or your husband changes, what does that do to you?You’re just as vulnerable as before; you’re just as idiotic as before; you’re just as asleep as before. You are the one who needs to change, who needs to take medicine.
You keep insisting, ‘I feel good because the world is right.
‘Wrong!
The world is right because I feel good.