Now, this is different from paper trading. Paper trading is useful to understand a method and to verify that method’s profitability, but it does not teach the trader the ability to actually trade. It does, in fact, do quite the opposite. The trader learns simply to observe and be immune from risk. Paper trading for too long a period teaches a person to simply be a spectator, not an actor. When they later start to trade, they may not be able to pull the trigger.

Mind rehearsal is different. You imagine putting the trades on and accepting whatever the market gives you. You imagine your ultimate, long term success even as you accept temporary losses and set backs. You hold the faith as you build your faith. You build your confidence as you build your skills. You build the experience of consistently doing the right things. You strengthen your weaknesses as you build on your strengths. Then, when you actually trade, you have the support and the background experience of having traded effectively.

You can do this by simply imagining yourself going through the trading day applying your methodology to the market. Better yet, you can purchase my Power Trading for Power Profits audio course which includes a mental rehearsal CD. I strongly recommend it. You’ll be amazed at how your trading improves.

The mind is a powerhouse of possibility. We can develop skills and build confidence and trust through thinking. We can change the meanings we give to events and we can change our results. In short, we can alter our factual reality through using mental rehearsal. We can do this to create what we want—as opposed to what we fear or don’t want, which is what most people do unwittingly. What if you could take control of your trading through effective mental rehearsal?