Continuing the "psychology of money" exercises.
And really looking forward to resuming trading. Just to finish the trading month in beauty.
It was funny during the exercises, that
- I actually discussed with one of the "owners" and asked them if it was OK for me to make money there. Really interesting conversation " well, your staff are really nice and I 'd feel bad to clean up your business, so just tell me the truth and I'll go and clean up to the businesses who have 'jerky' staff". LOL.
- It was very interesting to read "maximum payout is 1.5 million / day! ". LOL
This is really a place of contradiction. But then, I can not help thinking that so many people have not had the chance to clean up their psychology and work on their psychology of money. Money is there for all. No need to fight for it : it is there.
- It was as if I had to get a clear authorization from the owner that winning there was fine. till they explained in the vip room that " please don't show to others how you win. That would be bad for our business". LOL.
Here I guess we need to look for these thoughts of needing "authorization" to win.
- I realize that I traded too often looking for the rush of adrenaline that huge gains brought.
It was interesting during the exercise to be adding small amounts in a very consistent way. But man, after 6 hours, I was feeling really tired, bored to tears and I could not help thinking that "ok that is consistent money, but man, how taxing it is from excitement/boredom point of view". So this is one psychological aspect to work on :
my hyper-active mindset.
- The exercise also highlighted to me the benefits of being extremely zen till THE high probability outcome came in. But man, there again, it was painful on the psychological side. Sometimes, I just wanted to jump in just before, and I had to hold myself. It was interesting to see then entering too early leads to problems.
- I like that the exercises really showed aspects of the money management I never really thought about.
- Obviously, I want now to work better on the "art of a small loss", or the "art of losing small". I love winning, I am fine losing small.
- But the huge change, was the result at the end. Reaching the exercise target. I had to stop only due to mental and physical tiredness, but I felt happy and content with what I did.
Quiet a few things to improve.
Just now I want to finish my June trading in beauty. And I will do what it takes :
just want to get the good results. I don't mind if I have to be super bored. There are worse activities
and I am realising how lucky I am to be on the trading path. I also realise how lucky I am to have "paid my
dues" in trading, so I am no longer interested in looking for adrenaline rush, huge wins, yo-yo performances,
and taking huge risks. Obviously these exercises got me to change my perspectives.
I am also kind of now know what lifestyle I am going to go for, at least till the coaching is fully done.