the uh uh some materials on the new age of trading psychology um I'll give you a little bit of background just uh in case for those of you who don't really know who I am or haven't heard too much about me I am the co-author of the discipline Trader with Mark Douglas Mark and I met in 1984 I know ancient history caveman times uh long before there was any field called trading psychology and he was a retail broker I was a Flor Trader and our two perspectives really kind of jelled together and we started working together writing down what we thought was just going to be a couple speeches and maybe a workshop or two and it ended up becoming two years later our first book uh first bestselling book on on the field of trading psychology that is been Trader and it kind of took off from there and you know then most of you probably know trading in the zone which is our our second most popular book and then our third book uh the complete Trader and then I have other books of my own independent Prosperity success without fear and so forth all of those are on Amazon or you can just contact my office with that said uh I just wanted to give you that little bit of housekeeping before we get started so for those of you that aren't familiar that familiar with my name just have to understand that back in the 80s and the early 90s there were really not a lot of women that were considered experts at trading there were there were some really excellent Floor Traders who were women but at that time I don't know if there was anyone or or very few women that had written any books about trading much less trading psychology because that that term wasn't even known in in in the late 80s early 90s so of course being a woman I was kind of in the background even though Mark and I developed all our materials together so with that said it's now 2024 and things are different and now you're getting to know me better so if you guys have any questions just let me know I'm going to break this down into three sections so when I get done with the first section I'll ask for questions so feel free to type them in or however it's done in this venue and we'll we'll do that or we can save them all to the end either way I'll at least stop three times and and give you time to uh ask questions so let's get rocking so one of the things to keep in mind is as Traders you are creating your reality each and every moment in the markets now it may not seem like each each trade Blends into the next but you are attempting to create the very type of Financial Freedom in your life right now with every single trade now with that with that said you may you may ask well I have things in my life I have streaks of bad trades that I don't like that I wouldn't choose at all but that really isn't the case because you are choosing every action every thought every time you get into the markets through your beliefs which produce your thoughts which then produce your trading actions and ultimately the those thoughts are funded by those beliefs that were put there by someone else initially I mean we're all born as babies with a clean slate no no baby is born thinking they're a loser or they're stupid or they're ugly or they're brilliant or they're beautiful or they're a rock star that is all learned programming by others some of it's good some of it may be not so good but it's all right up here and even though we may not be thinking about it on a on a momentto moment basis those underlying beliefs that we have been programmed with play a big part in who we are and what we want to accomplish for instance let's just take a moment and look at some of the greatest spiritual teachers throughout time now I'm not being religious here I'm just making a really good point so just bear with me what is one thing that we could say all all the greatest philosophers spiritual teachers um successful people have in common no matter what era they lived in prayer or meditation or visualization Stillness being one with God or the universe or whatever you may subscribe to or maybe just within themselves Mark Douglas meditated for two hours every day I meditate for at least one hour every day now what I do uh in meditation is different for what you might do and your definition of meditation might be different than mine but the point is you still tap into who you are and what you want to accomplish before that trading day hopefully hopefully you're doing that anyway so creating and maintaining a personal connection to yourself and to your higher power whatever you subscribe to to achieve your goals is is important to you to understand what it means to be a traitor all of the greatest Masters throughout the centuries whether they were painters or um architecture or or spiritual teachers were those people who chose to live their path live their lives with a certain direction a a consistent purpose a path oh hold on a second I forgot to put hold on sorry I got I got to turn my phone off here it's making noise um sorry um they chose a path for themselves in other words a personal Focus this took courage because in many instances as we know throughout history you know they were they were denigrated by their own families I mean just look at Van go his own brother thought he was crazy and he he's you know one of the greatest painters of all time so their courage took them away from most of society's definition of a normal life even today even not not not just in ancient history but even today as Traders for instance the Buddha gave up great wealth once he saw the abject poverty outside of the palace where he lived and his father okay he was a great teacher who who who taught compassion but someone who also helped def find self- knowledge knowing that without the latter there can be no former Jesus roam the countryside preaching love and concept and acceptance and of course we all know what happened to him now in more modern times we can take a look at Mother Teresa and even though she was considered by some controversial by her methods she accomplished great things with almost no money she got no money from the Catholic church and look what she did for all the poor and down trodden people in her country and around the world setting up you know the sisters the Daly Lama he was born to humble beginnings and now today he is lotted as one of the world's most powerful spiritual leaders and the difference with him is he does not live in poverty he lives in wealth in a manner that he believes he should live teaching prosperity of body mind and soul so think about this guy you got the dolly llama who's who's who's this huge spiritual being s sentient being on this planet and he lives in the lap of luxury so it can be no different for you but you have to determine that it's okay to be as prosperous as you want to be okay so my point here is you do not have to suffer for your beliefs you don't have to suffer to succeed nor do you have to be afraid to live your truth whatever that means to you you don't have to be afraid no matter what anybody else is telling you and this is the new age of trading psychology is getting to know yourself and and and this is not religious or any by by by any stretch of the imagination but this is what Mark and I started all these decades ago was to help people get in touch with who they are and who they want to be each and every day when they wake up and when you are not afraid of living your truth once you know what it is and once you accept what that is you can accomplish everything you set out to as Traders because you will have a purposeful Focus that will allow you to make as much money take as much profit as you want out of the markets it really is that simple but you have to give yourself permission to do so now my comments about these spiritual leaders is not in any way intended to talk about any type of Faith it's just giving you a a a background in the philosophical philosophical aspect approach perspective that Mark and I again began so many years ago so the bottom line is if you have no fear then you have clear Focus now Marcus Aurelius is quoted as saying as to the perfection of life this power is in the soul and that power Grows by being indifferent to anything else outside of you that is indifferent to your purpose now that may not be very clear so I'm gon to give you a little better quote by Katherine Ponder who wrote the award-winning book The the dynamic Laws of Prosperity I had the great Fortune to work with her over the years and she's probably one of the best prosperity teachers on the planet today and she writes when you get definite about Prosperity Prosperity gets definite about you that's very simple when you make up your mind to be prosperous there's nothing that's going to stand in your way so all the great masters of any type whether in war love Financial or spiritual matters they kept choosing the same thing over and over again until their thoughts their focused will shall we say was made manifest in their daily lives in other words they created their Reality by choosing what to choose now that may be a little little confusing for you guys but let's just move forward and then you can ask your questions so let's say you have some negative thoughts or beliefs that you've recognized that are limiting you on your trading how do you how do you remove those negative thoughts or energies you do that initially by choosing more positive and more productive beliefs in your life instead of continuing to hang on to outdated or negative beliefs now I'll give you a quick example a lot of traders that call me for coaching they'll say well you know my parents really didn't support me they never really you know pushed me to do my best well okay I understand that okay no parents are perfect all right we we all do the best we can given the knowledge we have at any given moment all right so let's let's kind of give our parents a pass I mean unless they really were very bad people all right and that's that's for another another conference but anyway um so let's just say you feel that your parents didn't give you everything that you needed to know about becoming successful or making money or or whatever okay so you got to hear you're here right now you're a Trader you have a trading account so how bad could your parents have been now think about this guys I'm not telling you to go back and you know kiss the feet of your parents or anything but what I'm saying is is that if you are here right now listening to this conversation tuning in to this conference whether it's free or not the point is you're here because you have a trading account so you must have been successful enough to fund an account and for those of you who may just still be paper trading you're going to become a Trader that is your goal so you're already a success to some degree right now and what I teach is to help you step into the future you that wants to be more successful okay so keep in mind every time you make a decision about what you think that goes out to the universe as Mark Douglas used to like to uh joke around about in our workshops he Likens the universe and I agree with him as to a big xerox machine okay so if you keep saying to yourself or out loud I don't want to keep not following my rules I don't want any more losing trades I don't want I don't want I don't want that's all that's going out to the universe that's the energy that you are sending out that you don't want and so what do you get back what you don't want it's the Law of Attraction you attract what you fear you fear losing trades you fear getting in too early or too late and what happens you may do well for a while and then it comes back to you because you have not resolved that fear or that negative thought about not wanting that limiting action to be repeated so in other words the universe only sends back to you what you send out to it for instance if you keep stating something like I want more profit that's exactly what you will get wanting you don't get more profit you get the wanting back you don't get more money because your very words are stating that you want you're not asking to get so your intent is not there your intent is you don't want now I know this is maybe a little bit of a gray area for you guys but this is the way it works this is what we've been teaching around the world with our bestselling book alltime bestselling books translated into 14 languages now we know what we're talking about so you have to understand what is your mental energy as you approach your trading each and every day so does anybody have any questions you want to ask or I'll just keep going forward all right if your questions come up then we'll we'll we'll we'll address them all right so let let's take another example how many times have you met someone and they were really lucky you thought they were very lucky let's say they were lucky at the track or they were lucky in Vegas and you know somebody said oh my gosh good question I'll get to that in just a second okay um and you say oh gosh you know I wish I wish I could go you know touch them or rub their arm and maybe some of that'll rub off on me so what you're saying by that is you don't believe in yourself you don't believe in yourself so the question that just came up was what do you say instead when I talked about I I I don't want more losing trades okay instead of saying I don't want any more losing trades you can say I only put on winning trades right I only put on winning trades or I only put on trades that work out appropriately because you know you are going to have losing trades no matter what you do you may do everything correctly obviously we know and just due to Market Behavior due to the millions of other Traders on the planet you know you're going to have losing trades so instead of saying I don't want losing trades I I I you know I don't want to you know stop following my rules you just say I follow my rules every day that's real simple isn't it now think about this how much of a difference would that make if all if if before you get started in your trading you write down your criteria for what you want to accomplish that day and you write down I follow my rules every day I only put on valid trades I only put in a high percentage of winning trades now think how think how your perspective would change if you actually started saying that to yourself and writing it down and looking at that before you started trading every day it' be it would be a lot different wouldn't it you you would start feeling a little less pressure a a little less dark and eventually it's going to enter into your brain and and you're going to know that's exactly who you are okay he says I do not have rules no targets just enter the trades based on my expectation what the market will do okay well how's that working out for you okay all right so if it's if it's working out badly then why do you continue to do it why wouldn't you have any rules look guys trading is a business just because you don't have a boss you're the boss but this is your money the only reason that we are Traders is to make money period make money to do other things with but to make money more money than we have ever made at any other job obviously so if you're going to enter into a business attempting to make money and you have no rules then how is it you expect to grow your Equity when you have no rules you have no plan you have no Focus now think about this guys all right and you don't have to answer that I'm just putting this out here for you guys I started okay don't okay he's saying don't call I call myself stupid first first and foremost stop calling yourself stupid how where is that getting you okay look I I'll tell you and I I think I said this in other other uh um podcasts I had a grammar school teacher for three years Miss Davis and she was horrible I mean if she did the things today which she did to us back then she'd probably go to jail but if you were not one of her favorite students she would humiliate you and scream at you and cuss at you and put you down in front of the whole class and none of the other teachers ever stepped in you know to do anything about it and one of the things that she routinely told me was that I was stupid now I was getting a and as's and B's how is that stupid all right so my point being is many years later uh right out of college I had a job with a self-made Fortune 100 guy in Chicago he own a lot of real estate um had four of the best hottest nightclubs in town and head hunting agencies just a fabulous man we're friends to this day and he gave me a project to do and I didn't know what what he was talking about it was something about morgage rates for commercial properties I was like 21 years old right so anyway he says do you have any questions and I said no so a week later he calls me into his office and he says what'd you find out and I said oh I couldn't find out anything nobody had any answers because I didn't know what I was supposed to ask right so he get up he shut the door and he sat down and he said you don't know what the hell I asked you to do do you and I got really nervous and and I almost started crying and he yelled at me and he says don't you dare cry he said 'why didn't you ask me if you didn't understand and I said because I didn't want to look stupid so all those years later that teacher was still right here don't ask a question don't get humiliated in front of the class and he said well yeah I do think you're stupid now because you didn't ask a question so um my point being is I learned a lesson that day miss David history after that I was not stupid and I let that outdated programming go and for the person that just said that uh calling yourself stupid has nothing to do with your trading you are absolutely 100% wrong absolutely okay so moving forward on each denomination of money here in the US there there is the phrase In God We Trust by using money by keeping it in motion whether as Traders or in any other field we're keeping it in motion because money is energy we the whole world you know revolves around money as well as air and water and food and that kind of thing but without money you would be homeless and you couldn't buy food all right so by keeping money in motion you are telling God that you Universe you're telling yourself meaning yourself first you are stating that you trust that your financial means will be met on the other hand let's just say you see a bunch of coins in the street how many how many of you have passed up coins on the street because you think they're dirty probably a lot of you okay if you pass up coins in the street then what you are stating to yourself in essence the universe God your high power that you do not need or you do not want money it doesn't matter what the denomination is the fact that you believe coins aren't good enough to pick up or too dirty to pick up is sending a message to your psyche over and over and over again that you don't like money or not that kind of money or not that denomination in essence you don't need money this is the way it works guys this is the way the universe works and this is how it works when you're a Trader if you're not willing to pick up that dime in the street whether it's shiny or it's dirty that means you're not willing to take take $50 in a in in profit in a trade and that's $50 you didn't have that dime is a dime you didn't have and that could be part of a tip for your Starbucks coffee this is how it works they're all related and after you refuse to pick up those coins in the street for whatever reason you you you chose that not to pick up those coins it's a refusal to pick up any amount of money repeatedly then you go home then you start trading and you wonder why you have losing trades and why more profit is not coming into your account Mark and I always pick up coins in the street always okay this is like a this is this is like without fail will see a penny I will pick it up I will put it in the coin thing in my car and Mark and I have never been without money whether from Traders or giving presentations like this to all of you lovely people never this is not fiction this is logistics simple Logistics the universe does not exist in a vacuum and the universe has to remain in balance and since the universe has to remain in Balance just like our minds have to remain in balance with what we think then all our thoughts and prayers and pleadings that go out to the far reaches of the ethers will be answered if you state you need something that will manifest the that will man manifest as a need not as an action to be fulfilled this is what's meant to have your prayers answered your prayers are specifically what you ask for you know the old adage be careful what you ask for it absolutely applies with trading so you have to ask yourself what am I asking for each morning before I start trading what do you ask for before you start trading what do you ask of yourself because that's what this is all about you are asking yourself to create money and how so what is it that you're you're telling yourself that you're going to do or promise yourself you're going to do before each trading day anybody okay to be the best version of myself that's fabulous that's great but which version as a father as a brother as a husband as a best friend what's the version you want to be what's the best version you want to be okay I asked for my goal of $500 cool that's good that's specific if you but to the earlier statement to be the best version of myself how about to be the best trading Trader version of myself you wish you knew where the marker was going yeah don't Le all let me get out my crystal ball okay we we'll do that in the next segment all right I wanna I wna um I want to explain to you a little more about the mental aspects of of trading and I'm going to bring up um two of my favorite movies and the first one we're going to take a look at is is the Godfather now this is a great movie not because it glorifies the crime family um it's great because it shows the Dynamics of thought processes a chosen mental approach that defies All Odds and it's a rock solid perspective of the characters in the movies knowing they will do what needs to be done in any given situation would we all agree with that I think okay so now I'm not equating trading to crime by any stretch of of the imagination and I'm not stating that you know The Syndicate or the mafia or gangsters or or gangbangers are are good you know up upstanding citizens or they're bad people so please don't misquote me on this forward okay I'm just I'm just using these movies as examples all right take with it what you will right so the theme of of that movie as well as yes The Sopranos is good too I like that series I I was hooked on that too um and and the second movie I'm going to talk about is training day another one of my favorites now the theme of both of those movies is power I think we could all agree on that right I mean I'm attracted to them because you know being a woman you know I do have less power than men it's just a fact okay it's just the way it is it'll always be that way I'm not complaining about it I'm not some glorious Dynam complaining about men I love men I loved my husband okay it's just just just the way it is okay so we can all just relax about that but those two movies represent elements of pure and absolute power in different ways now the outcome of that power is not what we're discussing meaning we're not going to talk about the crime aspects of it but what we are discussing is how powerful the mind is When You Believe In Yourself exactly The Godfather said everything's just business so in the beginning the character of of Michael Corleone is distant from his family's crime business he's a war hero and repeatedly States you know to everyone who listen that he's not any part of his family's business and he has no intention to become it um stating it's not who he is okay um he later on he explains to his soon Tobe wife that his father's way of doing business is dying and you know it won't be around in an X number of years so now his perspective is accepted by the entire family because the Godfather his father has made plans for Michael to go into politics based on the Godfather's connections his powerful connections with you know government officials now after The Godfather is shot we find Michael Corleone realizes he is not so distant from the family's perspective and and and when he goes to the hospital as his father lays near death after an attempt as assassination he tells him I'm with you now in that one scene the shift in perspective in in Michael's in the character Michael Corleone's eyes you can hear it in his voice and shortly therea after you see it expressed visually when him and another character the poor Baker who shows up to pay his respects stand up to the second attempted assassination of The Godfather at the hospital as Michael and the baker act as if they are ready to shoot the Assassins of course we all know the assassins take off so the point I'm getting at is that in that point of the movie you get a strong sense that Michael and obviously that poor Baker will never be the same again because Michael made a decision not much is said in the movie about the shift in perspective because Michael himself is not vocal about it the character of Michael is not vocal but we can see it that it's become implanted it has become who he is after several other set of circumstances happened to their family and that Michael begins to make suggestions and slowly starts taking over in a way that anyone watching that movie can tell have come from a mental state of deep thought and from lengthy contemplation which happened which started long before his father was shot in other words the seeds had been planted long before that and again as anyone knows who's watch that movie Michael goes on to take over the family business and and grows it into an Ever larger Financial Empire now let's get to training day now again anyone anyone listening to this and watching this I am not suggesting you become a gangster you know or a criminal of any sort to achieve your financial trading goals okay that's not what I'm getting at again this is all about the mental game of becoming the best Trader you can be so all I'm saying is we can look at these two movies and see how people made a decision to change their mental perspective about their future and after careful consideration and and and self-reflection chose to step onto a path to achieve what they wanted for themselves so but like the like in the movie as Michael first had to make a promise to himself to do what needed to to be done to fulfill their goals so do we as Traders we have to make a promise to ourselves to do what needs to be done to achieve our financial goals so ask yourself so you have to ask yourself um if if you were in the situation in Training Day where let's say we we take the characters of Denzel Washington and Ethan Hawk and Denzel Washington is a typical Trader or in in the olden days what we would call is a bagman meaning uh he was in cahoots with the broker and he would get the best trades okay doesn't really happen anymore now because we don't have the trading floor but so so Denzel Washington could be looked at as a successful cop or detective and Ethan Hawk is is new to that department or that section and he wants to learn how to he wants to learn the ropes along the way Denzel Washington is is showing him things that were so completely foreign to his mindset as as a as a you know a novice cop that I'm sure we can looking at Training Day movie we can see Ethan Hawk's brain exploding it's and it's just const L you know having to take drugs you know you know beating up guys you know whatever Denzel Washington was doing that was out of line stealing from from people that lived in the projects and he had he had to figure out what he wanted to do and and and in the end when he realized when Denzel Washington left him at the gang Banger's house and abandoned him there and then the guys you know started beating him up and he knew he was going to die he still didn't get it until they realized that Ethan Hawk's character had saved their cousin and they let him live and the gangster who put the towel around Ethan Hawk's bloody face said this was just business and he had to say it more than once and you can see Ethan Hawk I don't think he still really got it but he had changed his perspective enough to do what he needed to do and that was to go after Denzel Washington not to kill him but to bring him to Justice because Ethan Hawk made that decision that he would not become like Denzel Washington's character so what I'm saying is so you have to ask yourself what is your definition of a promise Michael Corleone made a promise to his father initially but ultimately he was making that promise to himself first to be able to fulfill the promise he made to his father to keep him safe without a promise to yourself first you cannot achieve any goal you set out to do because the promise to you equates to a belief in you and you are the only one who can make that promise and you're the only one who can follow through on that promise just like Ethan Hawk's character did by staying true to the promise he made to himself was to be a good cop an honest cop and to treat people fairly so let's talk a bit a bit about the word promise here what is a promise well I'll I'll let you guys answer that first and then I'll give you you my thoughts on it what is what the what's what does the definition of Promise mean to you guys okay commitment that's good thank you Danny anybody else okay this is kind of a pop quiz this is the way I work guys so but no pressure no pressure all right so more comes up we we'll we you know I'll go over them but so first and foremost A promise is power A promise is power yes your word is promise yes by the very definition my word is a promise thank you Godfather A promise is power through belief in yourself power through mental strength power through knowing you will do what needs to be done at any given moment in the markets power in spite of mainstream or popular thought that TR to sway you away from your goals and I know a lot of Traders out there have family that don't really like that they're Traders power creating the as yet unknown meaning however much money but that's your goal future favor as a promise yes we could look at it that but a promise also involves being in the now moment so it could be favor right now instead of future favor it could be both but that's a good point Thank you thank you for bringing that up a promise is power working underneath the surface meaning self-reflection within yourself mentally spiritually and physically but the most important one here guys is power is knowing yourself knowing who you are what you think what you believe and why you're acting to Market data okay now some of you know I might have mentioned after Mark Douglas passed away I lost everything uh I lost our business I had to spend two and a half years fighting to keep our copyrights to the books and our materials and uh it was it was pretty dark time and I had to borrow money to live off of Just is what it is because all the money went to attorneys because there was no way in hell I was going to let any of those clients that we had coached that were now attempting to take my copyrights away from me there's no way I fought it for two and a half years and of course I won all right but the point being is I would not be here today bigger and better and stronger than before with more new books out you know more more podcasts all this kind of stuff all these new materials if I didn't know who I was so was I upset when it happened oh damn right I was uh yeah I I was like screaming at people every day just about when it all when all happened I'm human okay I'm human but during that time when I was fighting to keep what I created from these yahoos that did nothing did nothing um but take our coaching and then claim that you know they wrote the books which is ridiculous um what sustained me was knowing that number one Mark and I wrote the materials together Mark and I had a philosophy Mark and I believed in ourselves and there wasn't anything that could stop me from doing what I wanted to do so ultimately of course I won um and within a year and a half after all of that I had paid everybody back with interest and again now I'm bigger and better than ever before so my point being is if I did not have a mindset of knowing who I am knowing what I think knowing what I was taught knowing what I believe and what works today for tomorrow I'd be nowhere right now and we would not be having this lovely conference together so I'm telling you I know what I'm talking about just from that and of course other experiences which we can talk about at another time but if you don't know what you think or why then you can't grow your money because you don't know how all right so just like I mentioned Miss Davis calling me stupid unfortunately one of my boss you know gave me a project and so I found out oh my gosh I still have that lingering 1% of feeling stupid and that was limiting me from asking a question okay so and I'm not I'm not sharing any of this um you know for any sympathy or anything like that I'm I'm just alerting you to the fact that I have been in the trenches okay I know a lot of people out there think oh my gosh why is she working you know she should just be you know relaxed on all their millions and all this kind of stuff well it's not the way it works all the time in the real world okay okay and and besides the fact I love what I do right you know I I'll be doing this till the day I die which will be 50 years from now hopefully so so my my point being is we have to as I said earlier you have to be careful about what it is you're saying to the universe what you're saying to yourself and I'll give you I'll give you an example of this I have a good friend who prays every day for Prosperity he's retired he he's an ex realter um he's living on a fixed income now because of inflation and everything else going on in the world and he's found that his finances are dwindling well he prays every day and this is his exact prayer thank you Lord for bringing prosperity to everyone on the planet well now he can't figure out why his his financial Outlook keeps dwindling well and he keeps saying my prayer hasn't been answered well yes it has been answered he prays for everyone else to have Prosperity except his own so you know after a while I you know I I don't want to be mean to him but finally I said hey you know why are you why are you praying for everybody else to be prosperous and not you and here's a classic answer he says well everyone knows you can't ask God for money well where do you think a mindset of prosperity starts at where does it come from God your higher power whatever the universe wants us to be as prosperous as we want to be okay it's our thoughts that limit us from becoming as prosperous as we want to be so this is a classic example of conflicting beliefs he knows he needs money but he also believes he can't pray for money I pray for money every day I have a great connection with God and I like hey God okay I'm getting up today I'm going to be trading uh whatever stocks uh whatever valid setups I get right and I'll sit in the front of the computer and I'll say lead me in and you know and I have my stop in you know I follow all my rules but if I win I win and I'm like thank you Lord thank you God I love it I mean yes I still have to know how to trade but the point is I am telling God like like the earlier comment you know I want to make $500 whatever whatever my probable profit is I will ask him and say show me make sure I'm staying on my path if it happens it happens if it doesn't I get out limit my loss okay but that's my perspective and I'm not saying that you have to adopt that all I'm saying is that I know what I'm thinking every single moment before during and after every trade I put on yes in Hindu there are a number of gods and goddesses for Prosperity as a matter of fact I have a beautiful handmade painting of lakshi hanging over my desk and I also have a wonderful statue of um oh gosh I just lost just had a brain freeze sorry Ganesh thank you thank you Ganesha um uh who is the uh the God who helps you deliver you from troubles or or being you know um stuck so and those I'm I was also raised Catholic so I obviously I believe in God so yes obstacle remover thank you Ganesha is an obstacle remover just like crystals there's crystals that can remove obstacles there are crystals that can help you be focused it doesn't matter what you use what you subscribe to but you have to subscri subscribe to something when you get stuck you have to have some Avenue some some venue shall we say where you can reach out and say I need help I can't figure it out on my own and there's nothing wrong with this guys it doesn't mean you're stupid it doesn't doesn't mean you don't know what you're doing it just means you're right here and and you need a door to be opened I have had so many wonderful teachers in my life so many Traders good and bad that taught me the best of the best about trading and Mark and I worked so well together because we had the same philosophy that we never had a problem asking questions through meditation and visualization yes seek the kingdom of God and his righteousness and all these things will be added to you yes seek and and you shall find okay so all of these all of these ancient sayings apply especially when it comes to trading because if you you just think okay I I got to get a better system or I need different different methodology all you're going to keep doing is running in place and blowing money on on information that you don't need because then you'll be an information overload when the answers are already inside of you okay you have to believe this and all you have to do and I'm I'm sure any of you watching our all our pirated videos Mark's pirated videos I know there's there's a point in each Workshop where he says ask yourself the question ask yourself the question and listen be quiet and listen and you will get the answer that's your higher power that's the way it works guys it really does but you know instead you know if you get full of fear you know you pray you beg you plead you make promises to change and that you think and then you think you're prayers aren't answered because nothing changes and subsequently you become fearful in in all different areas in your life and this happens because you have conflicting beliefs about making money or more money or being successful and so you pretend those limiting beliefs aren't there but when they are not answered you become afraid so all right so what what we're going to do here is is um sorry about that I had the ringer off yes yes that is true Mark said we have to think about what we're thinking and and another and I'm glad you brought that up thank you because one of the best statements that Mark ever said which um everybody needs to understand is and this this was one of the reasons that I fell in love with his mind when we first met I I I I have to tell you that I fell in love with his mind first I mean not that he wasn't a good-look guy because he was kind of cute but anyway um this is so true he always said there is not one thought inside my mind that I don't allow to be there now think about this guys there's not one thought in your brain or in my brain that we don't allow to be there now we all have baggage okay I'm not going to get into my past but I will tell you I've had some horrific incidents you know I was abused and you know when I was younger and so I have all that history all right which I've worked through a lot of so but on occasionally especially if I'm not 100% and decide not to trade and then I feel like I miss a move because again I'm only human then I start thinking oh and that Taps me into that ancient history but I'm allowing that negative thought to be there I allow it but the difference between me and countless traders that I work with is I will immediately get out my journal or a pad of paper whatever's handy and I will write down that negative thought and say why am I allowing that to be a part of who I am today and then I'll write down the answer I already know the answer but I write it down and I get it out of my brain okay because anything that's happened to us previously that's negative by us still subscrib ring to it we're giving energy to it on a regular basis and so that takes over the positive aspects or the positive things that we have achieved as as Traders that's that's how boom and Busters come into play they do well for a while because they try to control those negative thoughts when in actuality you have to de-energize them you have to make them meaningless it's just okay yeah that happened that was yesterday but that's not today that's what was not what is and what and is not what will be that's what we have to keep in mind here as Traders okay and I'm sharing some of this personal stuff with you so you know you know I'm not some Angel okay I haven't had perfect life I didn't come for money you know I I worked my way up and and I'm very proud of everything I'm done I've done and I am the best at what I do I truly believe that and you have to believe it too you are the best Trader you can be so far that doesn't mean you can't be better even more so okay so think about this understand that when you change your mind the entire direction of where you thought you wanted to go changes as well okay that means when you change your mind to believe in yourself as a Trader to make that promise to yourself to do what needs to be done at any given moment meaning following your rules putting on your stops whatever whatever it is you your criteria is when you make that decision to follow through 100% then you're putting that energy out there and you're going to attract back to you unlimited amount of profit on a regular basis that's the way it works guys that's the way it works when you make your choices with your entire heart and soul there's nothing that's going to get in your way when you stay focused on your trading goals you'll achieve them when you don't change your mind in Midstream you will take profit consistently remember to keep choosing the same thing you want day in and day out before you start trading this will remove any doubt you have maybe not right away but in a very short period of time if you stick with it now keep in mind your life lived by choice meaning with focus is a life filled and full of conscious actions now in in in reverse a life big lived by chance meaning without Focus or without consistent focus is a life of unconscious reaction resulting in boom and bus cycles and in essence a life of spinning your wheels getting nowhere moving ahead with your trading so when you make a decision about any action to complete your trading goals there should be only one thought is this who I am if not write down why and the next thought is this who I choose to be and if it is write that down okay so remember that is this who I am before you start trading every day is this who I choose to be and write down your answers and that's going to lead you onto a path of thinking consistently to achieve your goals okay so you guys have have some questions or comments now I'm ready get something to drink here hold on is there anything that wasn't clear you know let me know or if there's any any other questions that you want to ask that I didn't cover how to get out of bad trades from RK okay well how did you get in the bad trades what what first of all let's back what is your definition of a bad trade was it a valid trade that just went South okay so did it go against you and you still followed all your rules rules oh right you don't have any rules okay okay all right well that that kind of says a lot right there you don't have any rules so how how are you trading so you just you just willly Lily you do you don't have any setups you don't you don't put in any stops you don't have any criteria as to what what what to trade and why is that what you're saying okay how to make yourself follow the rules all the time okay I'll get i'll get back to your swing trade um it's real easy to make yourself follow all the trols first of all you can't make yourself do anything okay that's like telling an alcoholic just make yourself stop drinking okay if you don't follow your rules all the time then you don't believe in them that's the way it works okay I mean it's no different that if you get in a car and you didn't believe that a red light meant stop you'd get into an accident right and you'd get hurt at least financially if not physically right but you believe that a red light means stop so if you you don't follow your rules that means you don't believe in them and you have to ask yourself why don't I believe in my own rules if they are your rules they might be somebody else's rules that you that that you're using okay thank you Danny that was deep thank you um so if you can't follow your rules then you have to ask yourself why you can't follow them or why you don't want to why you're choosing not to and one of the reasons will be because you have an opinion about market market movement Market Direction Another another reason might be because you want to prove yourself that you know more than the system another one might be is you don't feel you need rules I mean you know you there's a there's a do dozen others that we can come up with but the bottom line is if if anyone doesn't follow their rules they don't believe in them for whatever reason and so you have to ask yourself why don't I believe in my rules and again if there are somebody else's rules then you need to create your own and that's pretty common okay so so everything I'm saying here guys it is nothing personal to anybody who asks the question or makes the statement these are just all common trading challenges that we all have I went through them Mark went through them everyone I know that that that's a good Trader they've all gone through them so what you're expressing has not changed in 30 years okay so you're just like everyone okay you're just like every other Trader which is normal okay so don't beat yourself up that's the point of me sharing this do not beat yourself up over something that you think is just you because it's not it it's just it's just very typical and it's just part of the learning curve okay so not following your rules that's just something you just got to make up your mind to follow your rules okay you just you just have to dig your heels in and say I'm gonna do it and and I have a uh a form and here here I'll give you a good example get take a take a calendar just print out the calendar off your computer all right and so every day you follow your rules just put FR okay followed rules and on the days that you didn't follow your rules put do day off okay so start start keeping track of that because when you just say followed rules let's say Monday Tuesday Thursday you followed your rules and Wednesday and Friday you took the day off from following your rules Now isn't that a little more positive than saying oh my God I can't follow my rules and that's going to help you de energize why you're not following your rules by not beating yourself up okay I followed my rules two days this week Yahoo all right and the other three days I took the day off from following rules and then you're going to look back after that one month even and you're going to say oh that was that was kind of dumb so I think I'm going to try following my rules three days a week and that's how you're going to gradually de-energize any any limiting thoughts you have about your rules to be able to follow them okay it's a simple exercise and it works according to thousands of Traders I've worked with okay and myself okay I mean a lot of the stuff I developed myself a lot of the stuff Mark and I developed together and we didn't start sharing it until we proved it to ourselves all those years ago so um that that's about it so I've got you know if anybody has any other questions let me know or you can send me an email later again you can go to my website Pol web.com uh for any questions I'm on Twitter uh power trading now and uh we're going to be coming up with some more podcasts and uh new book's going to be out in the fall behind Wall Street is the title and I really thank you guys for being here today and I had a blast and I hope to hear from all of you soon okay take care