Quote from Flashboy:
I feel that the root of my problems with trading are definitely tied to my subconscious.
Has anyone overcome this before? I've read books on the subject, of course I never implement the exercises consistently in order to make any changes.
I will constantly run my account up to a certain level and its like a barrier. It then immediately falls back down and I lose what I've gained and more and in 1/2 the time.
I do things I know I'm not supposed to. And I expect it to happen and no matter how much discipline I try to use daily, I somehow ALWAYS manage to do those things I know I'm not supposed to do.
It reminds me of what Ed Sykota said "Everyone gets what they want out of the Market"..
Is this what I want? Failure, desperation, a life of struggling to get by, always struggling financially.
I could go into why I feel this is imbedded in me since childhood but I guess that's better left to go over with a psychologist.
everyone has unconscious issues. from my what i can tell, everyone also responds differently to different approaches.
here is my story....
several years ago (15) i tried the shrink route, but got little out of it.
about 5 years i tried NLP and had some success, but it i found my self going back to my old ways after a while.
also around 5 years ago i tried EFT (emotion free therapy), it was interesting and helpful, but not necessarily for my trading.
about 3 yers ago i began mediating daily using this www.centerpointe.com the cons are that it is expensive and it requires a significant time comm. but, it has really helped me in my trading and in other areas. when you get to the 2nd or 3rd level after a year or so, you can record in your own voice specific affirmations ( i use a mix of some trading affirmations, and some general affirmations). the premise of the program is that the different sound tracks entrain your brain with brain waves conducive to deep rest, creativity, clarity, and acceptance..and with your brain in highly receptive state, listening to your own voice can be very powerful. my biggest problem in trading used to be difficulty taking a loss, but since i have been meditating regularly that is no longer an issue.
because all humans will always have some subconscious crap, i still have my issues, but nothing like the past. now that i have effectively, for the most part, dealt with the part of me that was getting in my own way, my current issues are general stress and exhaustion from watching so many things at once due to my style of trading ES (i have described elsewhere in ET). for stress i started using www.emwave.com for 5 min when i wake up and again right when i sit down at my desk. i also use it after a loss, or anytime during the day when i feel off center. i also use it in the evening, and have found it especially helpful before bed.