Inspiration – Mind Over Matter (It’s Important)

“Incredible how things change when you change your point of view…today I had my best day ever, just having the right mentality, let things run, enter when I feel that’s right, getting out when I see ok I’m wrong but always controlling losses (3 in all), and when I stop feeling that “vibe”(a lil bit extra confident/excited) I stopped, even having more races.. Its everything about how you feel, at the right point(having some skills course), I could be wrong but today I really feel it..and when things gone wrong I wasn’t upset, sometimes I laugh for being stupid and don’t doing wait I thought initially..lol Funny that’s all begin with my changing mentality yesterday…and a Shower today before trading, what I think that could be what I call a “MY state of mind trigger”, if it was, I’m gonna take showers everyday haha Thanks for all, without your information probably I wasn’t on this level.”

– Julianno Carlos

Inspiration…

Updates have been a bit infrequent lately—sorry about that! I’m well and truly back into the swing of things now.

The last seven days have meant a bit of a backlog in mail and messages. The quote above was received via the Facebook page, and it’s always really nice to get messages like this! Julianno has been in touch from time to time over the past couple of months. From our first messages, I could see he had the know-how and a solid understanding of certain situations, but he was just struggling to turn that into consistent profits. It was much the same for me all that time ago, and then bang, it all changed. Interestingly, it’s often without changing much about how you trade.

Self-control is huge in this game.

I wanted to post Julianno’s comment because he said something I found very insightful and that I believe to be a useful strategy myself: the idea of knowing your own “triggers.”

Betting Triggers

I posted about this around the same time last year after a snowboarding holiday—check it out! (Be Happy). I’ve probably mentioned a few other strategies over time without even realizing it.

I think it’s natural for people to come into trading the markets with the idea that it’s a strictly analytical pursuit, and, of course, understanding the markets is very important. But as you progress, you begin to realize that accepting you’re human—and prone to the odd impulsive urge (even if you don’t let it influence your actions)—is completely normal. Having a few “triggers” you can deploy to reset your state of mind is a real asset.

I’d be interested to hear if any of you have similar techniques or practices that you believe help put you in the right mindset for trading.

Related: £26 in 26 Seconds – Volatile Markets