Creating A Belief In Consistency
The following sub-beliefs are the building blocks that nurture the foundation for what it means to be a consistent winner.
Now, the author speaks about why he is a consistent winner:
1. I objectively identify my edges.
2. I predefine the risk of every trade.
3. I completely accept the risk or I am willing to let go of the trade.
4. I act on my edges without reservation or hesitation
5. I pay myself as the market makes money available to me.
6. I continually monitor my susceptibility for making errors.
7. I understand the absolute necessity of these principles of consistent success and therefore, I never violate them.
To blend these principles into your mental system at a functional level requires that you deliberately create a series of experiences that are consistent with them.
The first principle above has the entire crux of the lesson: Objectively.
Being objective infers you to operate out of beliefs that keep your expectations neutral and to invariably take the unknown forces into consideration. This requires that you specifically train your mind to be objective and stay focused on the “now moment opportunity flow”. You must pursue to be an objective observer and think from the market's perspective (every moment is truly unique).
Establishing the dominant belief “I objectively identify my edges” requires a transformation. This process of transformation starts with your desire and willingness to refocus on the object of your desire (self-discipline). Desire is force. A lucid desire aimed squarely at a specific objective is a powerful tool for change. You can use the force of your desire to construct an entirely new version or dimension to your identity; shift energy between two or more conflicting concepts; or modify the context/polarity of your memories from negative to positive.
If there is enough force behind your resolve, it is plausible to experience a major shift in our mental structure almost instantaneously. Deactivating internal conflicts is not a function of time, rather it is a function of focused desire (although it can take a considerable amount of time to get to the point where we really make up our minds).
You must “make up your mind” with as much conviction & clarity as possible, that more than anything else you desire consistency (the state of mind in which trust, confidence, and objectivity reside) from your trading.
