How many times have you seen a stock moving and said to yourself “Get in the stock now” Only to see the price stop and reverse.Leaves a bad feeling in the gut, doesn`t it? Why does this happen again and again we ask ourselves. The answer lies within ourselves. We are being run by our emotional state. There is that word state again.
Changing states
How to manage your emotional state.
Here is one way to control which state we are in.
Think of something you say to yourself.
1) Move my stop.
2) Get in now the stock is moving and there was no signal in your trading plan.
These are simply emotional reactions to a stock moving.
Notice which part of the brain this sound or voice is coming from – Left, right, behind you or where you think it is originating from.
Is it going into or out of your mind?
Notice whose voice it is – a friend, a relation or a mentor by noticing the voice tone.
Now imagine moving that voice down onto your shoulder,then onto your hand.
Then imagine altering the voice to a funny character – somebody who makes you laugh. Donald Duck or Mickey Mouse maybe.
Remember you are doing this in your imagination, the theater of your mind, so have fun with it.
Now what we will do is change the tone of the voice.
Whichever character you choose, keep saying it to yourself over and over again until it becomes the new voice.
Then we will put the new character with the new tone back to its original place in the mind.
Can you notice it no longer has the same effect on your state?
It cannot because there is now a new character with a new tone to replace it.
We have just altered our state by writing over the meaning we put to a communication.
Those words that you used to say put you in a certain state.
However by altering the communication you have changed the meaning.
Changing your state will change your decisions.
Changing your decisions will change your actions.
Changing your actions will change your results.
That`s the power of changing your emotional state.
Change the location/voice tone and you will alter how you feel in relation to that event.
The state you are in determines the quality of your life.
You must apply this psychology to your life.
Reading does nothing unless the content is applied in your life.
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Happy Trading