Trading Psychology Tools: Dealing With Trading Losses And Tank Downturns- Part 2

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Next in this series of articles I will be sharing a tool which on the face of it may appear contradictory to Tool 1 ‘Creating Self-Manifested Momentum’ which I shared with you in my previous article. In a nutshell, tool 1 was about self-influencing our mind in to believing that momentum is going more for us than what we had previously thought. Or to put it differently, we could say that we were trying to make ourselves think and feel better by trying to connect to a more positive financial reality. We were not accepting a reality where things were going against us.

Tool 2- Seeing The Beauty In Challenges.

With this tool, a more accepting approach is used. But as always, a trick of positivity is being applied to achieve the result of ending up feeling considerably better both psychologically and emotionally. The basic concept is this- ‘Don’t see the trading downturn as something negative. Instead, find beauty in the situation and see it as something positive’.

Hey? What was that? At first it may seem that this is rather ridiculous thing to say about a situation which has gone contrary to our goal of making financial profit. But remember, our goal is also to feel peaceful, happy, and to think effectively along our journey, right? So if something works to achieve that, why should we not accept that thing to be rational?

Like with many other psychology tools, some imagination is certainly needed. In order to feel positive about the new situation we find ourselves in following a financial downturn, we need to explore our mind until we stumble upon something which makes us feel good. If we feel good, we can accept that to be sound evidence that what we have stumbled upon works.

To help demonstrate what kinds of things we should look for in this tool, I would like to offer the analogy of a movie containing a character who has suffered some adversity. Let’s imagine a movie character who was of good nature, but somehow or the other they had lost something important to them and now found themselves in situation of real adversity. Perhaps they had lost their home, a partner or friend, a family member, their good health, or even a dream. But despite their situation of adversity, they displayed courage, ingenuity, remained kind, they refused to let the situation get the better of them and keep them down. I’m talking about the situation and qualities of a hero. As viewers, how do we feel about watching these heroic characters? Don’t we adore them and find the way the hero is dealing with things to be very beautiful? Wouldn’t it also be fair to say that we would hold a character in this situation in higher regard than a character who actually possessed everything or who had everything going their way? Hopefully you can kind of get where I’m going with this.

The idea is to try and see your own situation as a kind of hero situation and to see it as a beautiful thing. If it helps you can even see yourself as a wonderful movie character who has just suffered some adversity, but who is standing up tall and saying ‘I will not let this defeat me. I will now dig deep and display even more admirable qualities than ever before!’

Using our imagination and thinking of our situation in this kind of way achieves two things. Firstly it helps us to see our situation as a beautiful thing, which is positive, rather than seeing it as something negative. Secondly, it helps us to connect to qualities which are helpful to responding effectively to our new financial situation, rather than potentially responding destructively.

ACCEPT-HERO-BEAUTY!

When using this tool ‘Seeing The Beauty In Challenges’, remember that the ultimate goal is to think, feel and behave better about the situation. Therefore in the process of accepting the adversity of our financial downturn, it’s important not to connect to any reality which results in us responding in a way contradictory to our goal. For example, if we simply contemplate that our trading tank has gone down a lot, we’re now experiencing a situation of adversity, we’re feeling sad about what we’ve lost etc., then this negative conclusion alone is likely to just end up making things worse for us. We must throw a big positive spin on it and dwell mainly in that positive reality. I.e we must dwell in the reality of being heroic, strong, courageous, maintaining our good qualities etc in the face of adversity. We want to connect to a mindset and behavior which inspires us and makes us feel proud of ourselves.

Like with each of the other tools in this series ‘Dealing With Trading Losses And Tank Downturns’, experimentation is important. Experiment and work out how effective this tool can be for you. And feel completely free to combine it with any other tools. The right tool or combination of tools to use will also vary on the day as our minds and emotions are forever fluctuating. But with a little practice we can soon find what are the best tools for us and start to respond to our financial downturns with a fresh new air of positivity, strength, peace, and sound effective thinking.

No Thoughts on Trading Psychology Tools: Dealing With Trading Losses And Tank Downturns- Part 2

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