By Mark Whistler
Winning dealer Mark Whistler attracts from the fields of psychology, spirituality, and philosophy to stress how self-honesty, vanity, emotional stability, and self assurance shape the basis of winning buying and selling. He demonstrates how adherence to a small variety of middle ideas drastically improves probabilities of good fortune, and stocks interviews from most sensible investors to exemplify his aspect that even the main profitable investors have needed to conquer setbacks.
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Extra info for Trade With Passion and Purpose: Spiritual, Psychological and Philosophical Keys to Becoming a Top Trader
00 in the open market. Of course, being the diligent investor I am, I traded in a so-called demo account for two weeks prior to going live. My demo account—trading play money—quickly grew almost 60 percent within the first two weeks. Thus I decided I was ready to trade real cash. My trading plan was to use nothing but technical analysis and stoplosses. " While I do have a fair bit of advanced currency trading knowledge, I had never actually traded them live. 00 at the end of a week and a half. Ouch!
If we’re going to be great, we have to take action, not sit around and analyze why we’re sad, mad, or frustrated. We do need to understand that there are some emotions that need to be examined—like fear—but in the end, the only way to overcome the emotion is to accept it. ) If we’re afraid of something, we can’t just face it without first accepting it. If we do, we won’t know how to let go of it, because we have never really accepted it as a valid emotion in the first place. From a general stance of social conditioning (seen in much Western psychology), if you fall off a bike, mostly we’re taught to get back up and do it again.
From the standpoint of Morita therapy, unchecked dogma only keeps us from becoming purpose-centered people, because we wind up seeing reality with a rigid, one-sided lens. Moreover, if we do not see the present in a clear sense, we cannot know what to do in trivial and difficult situations, except stick to whatever idiosyncratic line of thinking we’ve subconsciously, or consciously, accepted as reality. Thus, in our journey to find our purpose-center we must be in the moment, shedding the potentially dogmatic principles that are restricting us from ourselves and a clear sense of reality.