#Psychology #Markets

Traders n Investors Have Heard About Role Of #Psychology In Success Or Failure

Lot Of #Psychological Aspect Revolves Around #SelfEsteem Or #SelfImage

Self-esteem is how you see yourself #Subconsciously

Set Of Belief System Abt Your Capabilities

1/n

This Self Image Is Not Chosen But Built Over Years Since Birth By Feedback From Parents, Teachers, Friends,Society

When Mind Is Young & Impressionable..

Science Says Major Portion Of Belief System Is formed By Age 6

2/n

While Some Are Fortunate To Have Positive & Encouraging Conditioning Since Birth, Many Are Not Bcoz Of Surrounding Ppl Who Themselves Are No Major Success

Majority Have Self Esteem Issues With Varying Degrees, Even Commercially Very Successful People

3/n

When Trader Comes To Market, He Brings All Those Issues To Market

Basically Market Becomes His Medium To Achieve Success & See Himself As Perfect Heri.. Which He Is Not & Knows Subconsciously But Unwilling To Accept Due To #Ego

4/n

To Become Successful In Market, One Needs To Let Go Of All Old, Self Sabotaging Belief & Create New Enabling Beliefs

In Short, Reprogramming Of Mind

How Does One Achieve That?

I Realised Issues Within Myself & Started To Look For Corrective Measures

5/n

Self Help Books, Meditation, Psychology Courses , NLP Followed

While They Help Little, They Don't Bring Permanent Change

Then I Read & Implemented Small Book Which Started To Bring Big & Lasting Changes In Me

6/n

"What To Say When You Talk To Yourself"

Basic Premise Of Book Is There Is Constant Unnoticed Chatter Going On At Back Of Our Mind- MindVoice

Most Of It Is Programmed To Old Beliefs & Reinforces Those Beliefs With Repeatation

7/n

For Lasting Change,We Need To Reprogram That Chatter To New Positive Beliefs

By Conscious Positive Chatter Within Mind

I am no expert & have limited knowledge

But constant practice of self talks have helped me to overcome limiting beliefs & adopt new ones

8/n

In Markets, Enviourment Is Very Uncertain, Dynamically Changing Which Brings Out All Of Our Insecurities Which We Call FOMO

While Human Mind Desires Certainity, Assurance, No Risk,Easy Money

Opposite Of What Market Presents

9/n

In Order To Succed In Market, We Beed To Identify Our Wrong Behaviours Repeatedly, Identify Root Cause Of Same, Then Replace Those Beliefs With New & Correct Ones

Big Shit, Lot Of Patience & Hard Work Required To Change Sel Behaviour

10/n

I am still on to my Journey of self discovery & Corrections

Thought of sharing this with people who understand role of psychology but don't find way to imprive

If you find it useful, do share with Family & Friends

It applies to every sphere of life, Not only Markets



End