But here’s the thing; so many people who trade have an issue with money. Click the Title to Read More….
Trading is essentially all about money. (Watch the Video 22 mins)
It’s imperative to have a really healthy relationship with money when trading.
Sounds obvious, but you’d be surprised how many people actually really do have an issue with money.
Because when you’re trading, that’s what you’re doing, you’re dealing with money.
If you feel that you possibly have an issue with money, it’s not a bad idea to have a mantra that allows you to build on your relationship with money.
One of those ways is money is like a magnet, because money, at the end of the day, all it is is energy.
It’s a reflection of your energy.
Of each of our energies.
Wherever we are vibrating, whatever energy field we are vibrating on will depend on what money we have or wealth we have in our life.
You can say, I’m a money magnet or I’m a wealth magnet. Whichever works for you.
But at the end of the day, we’re trading MONEY, we’re dealing with money.
So, I think – I am a money magnet, is a good one.
It also rhymes as well, which also helps.
But, the important thing is that to understand what your relationship with money is.
Do you love money?
Ask yourself, do you love money?
Do you love wealth?
Really ask yourself, be honest with yourself, because being honest with yourself is one of the hardest things to do.
It is my opinion that it is possibly the hardest thing to do in life is to be really honest with ourselves.
So, WHEN YOU ask yourself, do I love money? What comes up for you?
What comes up in the darkest depths of your mind?
What beats in your heart, Do I love money; Or, I love money. Or, I love wealth. What comes up for you?
Listen to that voice, that really deep, deep voice. Not the ego, where you say, Of course, what’s not to love about money?
I’m not talking about that voice. I’m talking about the real voice that resonates deep inside of your heart, deep inside of yourselves. Okay? That is the truth.
There’s another indication of whether you really do love money or not.
That is what does your life demonstrate?.
If you’re struggling for money, if there’s more month at the end of the month than there is money?
More days at the end of the month, that is quite significant actually, now we’re at month end, it’s the first of July.
Are you waiting for month end to get paid?
Or have you got more bills than you have money coming in?
What is going on in your life? Because generally speaking, people who really do love money, and really have a love for wealth and wealth building don’t struggle with money.
Money is energy. It really is one of those things that really reflects where we are in life.
Therefore trading is going to reflect that. If you’re struggling with money, you’re struggling with self-worth.
You’re struggling with issues around your own beliefs, around yourself, your relationship with the world, and your self-worth as well.
There’s an issue around self-worth.
Generally speaking when there’s an issue around self worth, you’re vibrating on lower levels where there’s a lot of fear.
There’s a lot of guilt and shame taking place and this is a conversation that not a lot of people want to have with themselves.
And there’s a sentiment around deserving as well.
When we are mired on those lower vibrational energy levels. Where we have a lot of shame, fear, guilt, that will be manifesting in our beliefs.
So when there’s a lot of fear beliefs, a lot of shame beliefs, a lot of guilt beliefs, that obviously is going to impact the sense of which you feel you deserve wealth.
This is the thing. If you feel you don’t deserve it, you’re not going to create it, and that’s just one of the harsh realities of life.
When we’re trading money, that is the first thing that’s going to be coming back.
One of the things that I really believe that makes the Tribe of Traders very unique is, we believe in the 80/20 RULE OF TRADING, where it’s 80% mindset, 20% the actual tactical side of actual trading.
But in actual fact, a lot of that tactical side of actual trading is driven by the 80 as well. So, where does the 80 start and finish? Is it not 100% mindset?
Trading itself, the actual tactical side of trading, identifying technical setups, and actually calculating your risk percentage, or your risk size, or you allot size for your trade, and the actual placing of trade, that’s all easy.
That’s simple. Trading itself is the simplest thing to do.
The issue with trading is the barrier to entry is so low that so many people can get into it, but the truth of success in trading actually is around your mindset, and it’s about the extent to which you know yourself, and the extent of which you’re prepared to know yourself.
And I honestly believe that one of the most significant and most important areas to know yourself in in trading is what is your relationship with money?
Do you love money? Do you love wealth? And when you ask yourself that, what’s resonating for you?
What’s really going on deep inside of you? Because at the end of the day it’s a really simple concept. Money is energy.
Wherever we place our attention is where our energy goes, and if our attention is going to lack, fear, scarcity, worry, stress, that’s where the vibrational levels are going to be operating from.
We’re not going to be able to get up into the other higher levels of vibration, like essentially where there is a higher level of self worth, where there is acceptance, there’s gratitude, there’s inspiration, it’s essential to trade from inspiration.
When you’re trading from a place of fear, or shame, or guilt, or a lack of deserving, there’s always lack, there’s always a fear of missing out, there’s always a lack of opportunities in the market.
Whereas if you are able to raise your vibration, raise your energy level around money, you’ll first of all be trading from inspiration, and you’ll always see there is plenty, plenty of opportunities, and again this brings me back to, and I’ve spoken about it so often, is that the second biggest mistake that almost 100% of traders make is over trading – you will not be tempted to over trade!
If you find yourself over trading that is a result of trading in the lower vibrations, or should I say, living in the lower vibrations of fear, shame, guilt, and lack of deserving, lack of self worth, because when you’re vibrating in the higher levels, there’s never ever a lack.
There’s only abundance.
There is never a shortage of trades to take, there’s only abundant trades to take.
There’s never an issue of missing out.
So that is why so many traders over trade, is because they see that there’s a lack, and over trading could be driven by two things –
One, it could be driven by trying to catch up. So, you’re down in the mud, you’re trying to trade to catch up, which in a sense some people call it revenge trading, hope trading, gambling, all that.
Other ways is that people, and I’ve seen this time and time again, where traders are up in the month, but they keep on trading.
Instead of stopping at their target, they ignore their rules and keep on trading, because the market’s trending, and their strategy is a trend strategy, and they see the set up, so why not make the most of it? As they say, what is it? Make hay while the sun shines.
So, whilst that’s appropriate for farming, you’ve got to make the most of the weather, but it’s not appropriate for trading.
No, you do not make hay when the sun shines with trading, because then you start getting into over trading and your fear of missing out.
You need to be confident and comfortable with the idea that once you’ve met your target, you’ve met your target. Great, done, job done. Protect your capital for the next month.
The problem is when people are now making hay when the sun shines type of thing with their trading, and they lose a trade, and then lose another trade, and then try and get that back because they’ve given back the profits, it just becomes a vicious circle.
That is why then you, the most powerful thing you could do to help your trading is really understand what your relationship is with money.
Now, in the Tribe of Traders, it’s an integral part of what we do, is we understand first of all where we are at in terms of our relationship with money, and that is through a process, which I call identifying where you’re at in your wealth thermometer.
So we go through a process to get clear on where you’re actually at, and every single trader that joins us, gets into this process, they get very clear about where they are at on their wealth thermometer.
Nine times out of ten people will start on the lower vibrations, and then through a process we’re able to work that energy level, that relationship with money, and relationship with where they’re operating from to higher levels of inspiration.
It’s a very important part of the process.
You have to make sure you have a healthy, a positive, a strong, and an intimately good relationship with money and wealth, because you are trading money.
And at the end of the day, I always say money is the matter, and our soul is the spirit, and they’re all one. A soul is the spirit and money is the matter, and the spirit and the matter are one.
So, the higher we are in our self worth, the higher we are on our vibrations, in terms of being inspired and being on a level of acceptance, it depends on where you are on the levels of consciousness as well, and getting out of the space of scarcity, out of the space of fear, out of the space of feeling that you don’t deserve, the greater the opportunities that come to you, and the less you will seek out trades, and the more you’ll be open to receiving the information that the charts are telling you.
Because the more you’re trading in shame, or fear, or guilt, or low self worth, the more you will be projecting your beliefs onto the charts. It’s a big thing, it’s a big issue.
As the saying goes – we trade our beliefs, and it’s so true, we do.
And it’s the fear, and guilt, and low self worth, and lack of self belief, and feeling that we don’t deserve, they drive our beliefs, the beliefs drive our thoughts, and our thoughts drive our actions, and our actions drive our results.
So, it’s all tied up together, and this is why guys, but this is why I say that trading is the gift that keeps on giving, because it directly mirrors back to you without filters what’s really going on for you, and because we trade our beliefs that are driven by those concepts, those lower vibrational concepts I’ve been talking about, we will constantly be trying to project our beliefs onto the market all the time, and that is why there’s real benefit in getting out of those levels, increasing your vibrational level, and that’s why I say increasing your wealth thermometer, where you are now open to receiving information from the chart, rather than projecting your beliefs onto the chart.
So, projecting your beliefs onto the chart, you are trying to control this five trillion dollar a day moving monster, okay?
That’s what you’re trying to do by projecting your beliefs onto the chart, onto the market, and that’s what you’re trying to trade, okay? You can’t do that. There’s just no ways on earth you can do that.
Turn it around on its head and don’t project your beliefs onto the market.
Allow the market to tell you what to trade, because you’re just one in hundreds, and hundreds, and hundreds of thousands of people who are just chipping away at the market.
So rather let the market tell you what to trade, and the way in which you do that is by vibrating on a higher level, by having a higher level of self worth, higher level of deserving.
Know in your heart and soul you deserve untold wealth.
At the end of the day all money is is a representation of ourselves.
It reflects, just like trading mirrors our life, money mirrors our life, and you deserve to have riches.
You deserve, it’s your god given right to be wealthy.
Because what money will do, it will make you more of who you already are.
If you have any idea, or thought, or belief that money is the root of all evil.
Or money is hard to get.
Or money doesn’t grow on trees.
All the cliches that we have in society.
If you’ve got any relationship with that whatsoever, other truly believe that it’s sheer goddamn garbage, you seriously need to do some work around your relationship with money.
So, today is all about having a new mantra about money. I’m a money magnet, I’m a wealth magnet.
Money is magnetic.
It magnifies to those who vibrate at higher levels, and it repels from the lower vibration, okay?
So the more in which you are vibrating in the higher levels, like in a state of inspiration, a state of high self-worth, and a state of deserving, the more money will flow.
Not just in your trading, but in your life as well.
Okay, let me know if you want to know more about the wealth thermometer.
If you’ve not done the program, you might want to look at doing it, and if you want to do work around increasing your wealth thermometer, it’s a very powerful exercise. I have seen the impact it’s had on traders. It is very important.
But as your starting point guys, is number one; ask yourself what is your relationship with money or wealth?
What do you feel about money or wealth?
Really, not the ego driven, Well, who doesn’t love money?
There’s a lot to love about money, but equally there’s a lot not to love about money.
Money is only going to be a representation of who you already are.
So, who are you?
What sort of person are you?
What will wealth do for you?
There’s so much, I could take up days just talking about money here.
We don’t have days, but it’s a very important topic. It’s a very important topic.
So, ask yourself that question, what is your relationship with money?
What really, what’s in the back of your mind? What’s in your heart? What is tingling in the souls of your body?
Because there’s the truth. There lies the truth, and that will give you an indication of what’s going on for you and what you need to do.
But certainly, I love mantras because they’re a way of tricking your mind to shifting your perception. It’s a starting point. It’s the be all and end all, but it’s a starting point.
If you know anybody, even if it’s not in trading, anybody who would be struggling with money, this will be equally valid for them, so share it with them as well, because I have this philosophy that any area in life that you’re not empowered, you’re going to be overpowered. If you’re not empowered financially, you’re not empowered in life. You can’t be empowered. Being empowered in life starts with financial empowerment.
So, if you know anybody that is not empowered financially, share this with them.
Because the wealth thermometer concept doesn’t just refer to trading, it actually refers to all areas of life.
I honestly believe it’s our god given right to be wealthy, and it’s within all of our grasps. We just need to reach out and take it.