Wisdom of Mark Douglas. Learn to trade without the slightest bit of fear.

Joined June 2021
The Complete Trading Psychology Masterclass by Mark Douglas (5 hours course) 🔖 Bookmark to watch later xitter.cf/TheBadChartist/status/…
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fear is a contracting force that stifles the learning process.
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Mistakes just point the way to something that we haven't learned yet and obviously need to know. What exactly is a mistake anyway? We certainly weren't born with a concept or definition of what a mistake is.
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Everything that exists is evolving, because everything that exists is in motion, and motion creates change. Even the grandest mountain will eventually wear away into small rocks, which will themselves turn into sand and then dust.
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Each memory and belief builds a self-concept that acts as a force on how we interact with the environment.
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Mark Douglas Quotes || Trading Psychology retweeted
The best way that I know of to add to our sense of valuation is to commit ourselves to the process of growth.
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Mark Douglas Quotes || Trading Psychology retweeted
Thoughts are a very powerful tool to effect changes in the mental environment. We can use them to shift, rearrange, add to, detract from, or change the polarity of various mental components. Thoughts are a form of energy, probably no different from electricity or light.
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All our lives would become a lot easier to live and potentially more satisfying if we operated out of the belief that we are in a state of imperfect knowledge, evolving toward something that we haven't become yet.
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Creativity is synonymous with growth and change.
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What we perceive is directly connected to what we already know.
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The only real limitations that exist with respect to thought are those rules that were either taught to us or the ones we made up for ourselves.
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Mark Douglas Quotes || Trading Psychology retweeted
Ultimately everything that we do contributes to or detracts from our sense of self-valuation. That is why it can fluctuate from day to day or moment to moment.
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Thoughts are a very powerful tool to effect changes in the mental environment. We can use them to shift, rearrange, add to, detract from, or change the polarity of various mental components. Thoughts are a form of energy, probably no different from electricity or light.
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The best way that I know of to add to our sense of valuation is to commit ourselves to the process of growth.
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As individual traders if we want to give ourselves more and more money out of the markets, we have to learn how to value ourselves more and more so that we believe we deserve what we want or deserve what we get.
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Mark Douglas Quotes || Trading Psychology retweeted
Refusing to change what we have already learned is virtually the same as saying that we already know everything there is to know and don't need to learn anything further.
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Ultimately everything that we do contributes to or detracts from our sense of self-valuation. That is why it can fluctuate from day to day or moment to moment.
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the first step in the process of valuing ourselves more is to accept our true starting point; that is, we have to take complete responsibility for what we end up with as being a reflection of what we need learn about the markets, about ourselves, or both.
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Mark Douglas Quotes || Trading Psychology retweeted
As individual traders if we want to give ourselves more and more money out of the markets, we have to learn how to value ourselves more and more so that we believe we deserve what we want or deserve what we get.
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Mark Douglas Quotes || Trading Psychology retweeted
In any given trade, there are a number of possibilities to take profits or cut losses. What we decide to do in each instance with respect to each possibility will be the result of our perceptions and all the internal components affecting those perceptions.
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