How To Put Your Past Failures Behind You And Move On To Trading Success

In the early days of trading, I once lost $1600 overnight because I made a mistake and left two contracts open. Another time I lost $400 and then another $1500 on a mad binge trying to get the $400 back. It was painful. Gut twisting, panic inducing, emotional hell. Not only in the moment. The pain stayed with me, haunted me, sapped my self-confidence, and left me feeling doomed as a trader - leading to further emotionally driven mistakes.

If this feels familiar, I have some good news! It doesn’t have to be that way. Here’s some trading advice to help.

Emotion is heady stuff. And in our game - trading and investment - where the risks are high, unless we learn effective emotional clearing strategies its very easy to fall foul of the dark clouds of fear, greed, jealousy, panic, and more. These emotions, pervade the mind, clouding judgment, and clog up the intuitive faculties.

When you are learning to trade, and inevitably make mistakes, the last thing you need is to get bogged down in the emotions of the mistake. You want to be able to pick yourself up, shake yourself off, and move on, without any retained baggage.

Lets face it, trading is difficult enough as it. Its hard enough focusing on the many variables of your trading system and the market, without operating at only a fraction of your capacity because your mind - your conscious awareness - has numbed itself into a fog out of fear. We need to be clear, we need to be alert, we need to be confident.

What I discovered for myself, was that when I learned how to clear my emotions - my mistakes, my over trading, my inability to follow my system, corrected itself. With a clear mind, I was able to be much more objective, and disciplined, I was able to draw the full potential out of my system and become a consistently profitable trader. And I tell you what, I was a hell of a lot happier!

All the things that have happened to us in the past are retained within our subconscious as memories. This pretty obvious, right? What is surprising though is that in the present moment, when we’re feeling bad about something, experiencing fear of something, we believe it. We buy into it and believe its real. We’re not able to witness what is going on and say “huh, this has just triggered an old memory which is making me feel afraid, its not real”. Try it sometime. See if you can catch yourself feeling bad about something, and see if you can attribute it to an old memory, and then drop it.”

In one of my previous posts Clearing The Way for Trading Success I introduced two powerful techniques for emotional clearing. In particular, Core Transformation - based on the techniques of Neuro Linguistic Programming is absolutely astonishing in its effectivness. If you learn the technique and make a genuine effort to practice it, and it doesn’t work for you, I’ll eat my hat!

The moral here is don’t let your trading mistakes continue to haunt you. Start fresh every day, continually clear your emotions, set a fresh intention for success every day. Monitor yourself - you’ll learn to see when you are in a positive, optimistic frame of mind that attracts success, or when you are in a negative frame of mind, that activates your worst, and attracts loss. Choose to be successful, its in your hands!

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