Have you enjoyed great profits over the last four years investing or trading in the financial markets? Most markets have generally risen over this period. This has presented investors with the opportunity to make handsome profits. If you have been involved in the markets and failed to profit, there has to be a reason. Maybe you went against your system. Perhaps your money management was faulty. The real reason might be your true beliefs about money.
Faulty beliefs about money tend to get magnified in the markets. How you view money from a psychological standpoint can make all the difference. Your unknown beliefs about money could be setting you up for failure. There are many common fallacies that get tossed around as common phrases. Buying into these everyday beliefs is the curse of death for your trading profitability over time.
Take for instance the saying, “Money is the root of all evil.” If this is part of your belief system, you will look at any money you receive as something bad. You might not realize it outright. Buried deep in your sub-conscious are thoughts that you have been exposed to over a period of time. These thoughts can trigger fatal reactions to market movements. Thinking that money might be evil in some way can cause you to avoid taking profits at the right time. This belief might also result in the inability to keep any profits you have made.
Another of the famous sayings the you hear all the time is, “The rich get richer and the poor get poorer.” If you believe in this saying, you are setting yourself up for big losses. You will see any loss you suffer as the poor getting poorer. This kind of thinking is not congruent with becoming a profitable investor. This saying, as it stands, is totally false. Your subconscious doesn’t know that and will accept it as true. Unless you are already rich and successful, your mindset will be tainted toward thinking in the same way the poor think.
We all know that “Money doesn’t grow on trees.” Again, there may not be anything like an actual money tree, but money can materialize from unknown sources. That is, if that is part of your mindset. Profits can also materialize out of thin air. An unexpected move in your favor could happen at any time. How you look at money from all angles will determine how you react to the unexpected. The market is always trying to create the next unplanned for event. A healthy money belief system can help you to take advantage of profitable situations.
Take some time to examine how you look at money. It is true that many of us are afraid to be winners. We have been unknowingly conditioned to fear success. Identify your core beliefs about money and being rich. If they are not conducive to the results you want, you have to implant healthier beliefs. The negative thoughts that course through your mind will eventually come home to roost. To change your beliefs, begin to see money in a positive light. Enjoying riches is not a sin. Money is not evil. Force yourself to appreciate every dollar that comes into your life. Originate a plan to treat your money well. This would include giving some of your profits away to worthy causes.
Appreciate money for what it really is. It is a means to have some of the material things you want in your life. It is also the means to help others. It is not a God to worship, nor is it the means to impress others. It will not purchase your lifelong happiness. The markets owe you nothing. And luck plays no part in your profitability. The process of entertaining healthy beliefs about money can bring you the success you envision. Work to eradicate the false thinking that dominates your beliefs about having money. This one step might be all that is keeping you from harvesting trading and investing profits. Once you begin to enjoy more profits, your feelings about money will determine how long you keep them.