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"Keys to Trader Self-Talk"
by
Ruth Barrons Roosevelt

If you hear yourself saying, "I don't believe this!" Look out. You're warning yourself that you're not taking the market action at its face value; an extremely dangerous thing to do. Remember price is your predominant reality when you trade.

Some traders demean themselves when they trade. They speak to themselves in negative ways they would never let another person talk to them. They call themselves stupid idiots, failures, fools, losers, and so forth. While their intention in so speaking might be to motivate themselves to better behavior, it seldom does. Self-denigration rarely produces good results. Have you ever noticed that the more you scold yourself, the more your behavior reproduces itself? The strangest secret is that we become what we say. I tell my clients that I won't allow anybody to speak unkindly to my clients, including themselves.

Much better to encourage yourself. "You can do better than this." "You don't need to do that again." "I'll do better tomorrow."

Start writing down the words you say at critical junctures in your trading. You'll begin to understand where your thinking is helpful and harmful, and you'll be able to change the direction of your thoughts by shifting your words. There's an article on my website discussing the critical importance of questions. Check it out. What if you could learn to direct your words and thoughts in such a way that you truly support your success in trading?

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