Trader X

It's time for an overhaul of my trading methods for daytrading. I went to a Van Tharp seminar called Peak Performance 101 and it changed my life. I can only say that I wish I had started there 3 years ago because I would be very much ahead of where I am today. On the other hand... maybe I needed 3 years of pain in order to realize how much I needed to do. Not really sure that if I have gone to Van 3 years ago I would have appreciated what I learned a couple of weeks ago.

I'm starting from ground zero. Starting with mental training then going on to trading plan. On the mental front I'm working on the Peak Performance course again and really going through the beliefs section. You don't trade the market.. you trade your beliefs about the market. I am working on getting rid of beliefs that serve no purpose or hinder me and keeping those that help. Then I'm working on my trading plan that will be formed around those beliefs. If you don't have confidence in your plan you won't trade it. I need to develop that confidence through my beliefs. Then demonstrate that the beliefs are true then I can trade those beliefs. Simple! Once I am trading I will follow the 10 steps of trading as part of my plan and continue to work on my emotional development of control via the feeling-release method/Sedona and behavior modification model that my Dad is helping me with. So far I'm impressed with my progress.

Tonight I'm going to do some random trading by picking a day at random and then trading it to help develop a belief about the markets and my methods.

Trader X