Breaking your negative mindset

How do you break a negative mind set? Psychology offers some insight into what may work.

It happens to all traders.  9:30 you hear that bell ring, with your plan in hand, you are ready to trade.  9:45 you put on your first trade: Stopped out. 9:51 you put on the second trade: Stopped out. You know where this is going…

All the statistics in the world wouldn’t prove to your feelings that the next trade is going to be different.  Two things are happening here 1) Unconcious negative priming 2) Fixated mindset.

These thoughts can range from “This next trade just isn’t gonna work I can feel it.” To “f@&k this! I’m a horrible trader, nothing I ever do is right.”  How do you break this mind set?  Move the body, but why?

“How do you break a negative mindset? Move the body!

In John Coates book The Hour between dog & wolf, he cites numerous studies supporting the idea that the endocrine system as a whole is meant to prepare the body for movement.  You are sitting there trading though!  Move the body! As the chemical cocktail permeates your system you are prepared to escape that tiger, fight that local villager, or keep your rank as Alpha Male.  But you’re still sitting there.  Get up!  There is support that exercise does more than just burn calories (more on this in a later blog & how it may effect trading)

Use the endorphins that flood this biomechanical machine to move. Go for a walk, go hit the heavy bag, do short sprints, squats, burpees, or push ups!  Anything that will let those chemicals be used in the way they were supposed to.

Market Tarot January 7th

Daily Market Tarot

Today’s Market Tarot is less about the market and more about my Trading this morning.  I had a great number of losers and nearly reached my daily lock out for the day.  In the afternoon I asked “what happened this morning, What can I change.”  These are the cards I drew.  Again,  the set I use is The Wild Wood Tarot created by Mark Ryan & John Matthews with illustration by Will Worthington.

20. The Great Bear – This card is about judgment.  These includes judgement of self and others.  It teaches us to be compassionate and loving to self.

5. The Ancestor – Represents your inner guide, the part of your unconscious that knows everything. She is leading you to a new path.

17. The Pole Star – Is about guidance, again from your inner self.  Knowing that the stars are aligned so that you may follow.

I saw this layout as The Great Bear crawling towards the other two cards.  That my judgement is attacking if you will my inner guidance.  Both from a feminine & male perspective.  While the Ancestor leads you into the woods with her heart, the male depicted in the pole star follows point A to B.  Knowing how my morning went I understand this as following my intuition, my trading ideas, and to stay away from judgement.  That being kind and forgiving to self is most important.

In turn, I had a successful afternoon 🙂

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Market Tarot January 3rd

Daily Tarot 1-3-2013
I thought it would be fun to do a reading mid-day on the market. Read the Market Tarot cards can help.  The layout that I felt was Past->Present->Future (from left to right). I drew the following cards…

Aces of Stones: The Foundation of Life – This card discusses manifesting your dreams, wishes etc into reality.
Six of Stones: Exploitation – This card speaks of an imbalance of resources that are damaging to yourself or the environment.
The Ancestor – Represents your inner guide, the part of your unconscious that knows everything. She is leading you to a new path.

How does this relate to the market? The reading was done around 1:00pm EST. Aces of Stones represents the base that was built in the AM. This is also related to the large significant up move we had on Wednesday. Six of stones I believe speaks to the grind higher all afternoon. This was not a healthy move and we have damaged ourselves in the process. The last card, The Ancestor talks about a new path. I would think that this card speaks that the close of today / afternoon trading will represent a new trend in the market.

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The New Blog @ AndrewIlardi.com

Hello!  I want to welcome you to my new blog.  Here I will post information regarding psychology, statistics, the stock market & their ever interchanging relation to one another.  You can visit my old blog here for older posts from Andrew Ilardi.  In addition, there are additional pages to peak into the other areas of my work.  At the top you’ll notice 5 tabs:

  • Home: The Main Blogging Area.
  • About: Information regarding my background.
  • Research: Current research I’m working on at the academic level.
  • Services: Information on what I provide and contact.
  • Capital Markets: Posts regarding daily research I do into the markets.