Unpopular opinion:
Celebrating profitable trades actually helps with success rather than staying neutral.
Many athletes always make celebration acts or scream when they score. Don't you ever wonder why they are doing this?
A threadπ§΅
#TradingPsychology
Celebrating profitable trades actually helps with success rather than staying neutral.
Many athletes always make celebration acts or scream when they score. Don't you ever wonder why they are doing this?
A threadπ§΅
#TradingPsychology
1/ Quote from the book "Mindset Secrets of Winning" written by @markminervini (One of the Master Traders interviewed by @jackschwager in "Stock Market Wizards"). Mark Minervini mentioned EMOTIVE FRAMING.
2/ Think of the imprints you store in your subconscious as images that are "framed" with emotion. The image remains the same, but the frame you give it adds more weight or meaning and, in turn, occupies more space in your mind.
3/ Your goal is to get to the point where mistakes never get you overly emotional.
4/ When you make a mistake, minimize emotion. If you get angry and worked up, you'll put a large emotional frame around your poor results and that will only strengthen the image in your mind, pull you off process, and increase the probability of repeating the same mistake again.
5/ Since your emotions create the frame, your goal is to put as much weight as you can on your positive results.
6/ When you have a good performance, make absolutely certain that you celebrate. This isn't about bragging. You're trying to affiliate as many positive emotions as you can to your victory. This is the time to get emotional!
7/ Your goal is to assign as much positive emotional "weight" to your good performances and minimize the emotion you attach to poor results. You want to build large frames around positive outcomes and tiny frames around negative results.
8/ When we skip celebration, we cheapen our efforts and fail to positively reinforce our work. We miss the opportunity to strengthen our identity. Creating a winning self-image begins by building an inventory of positive outcomes and amplifying them with emotions.
9/ Get in the habit of praising yourself when you do well. Acknowledge your successes, big or small. Learn how to immerse yourself in the feelings of success.
10/ Watching footage of Tiger Woods, you'll see some incredible moments of fist pumping, screaming, and jubilation after a winning putt drops into the hole. You will see more emotion put into his victories than into the setbacks and blunders.
11/ Unfortunately, most people don't celebrate. Maybe they're embarrassed or afraid to lose their humility. You might feel awkward throwing your hands up in the air and showing excitement. But if you really want to build a strong self-image, that's exactly what you should do!
12/ When you reinforce a behavior, you increase the likelihood of that behavior happening again.
13/ There's an imprinting that takes place for every successful action you have ever performed in the past. With that imprinting comes a feeling or emotional frame. To create a winning mindset, your goal is to relive those feelings as often as possible.
14/ When you reactivate and recapture that winning feeling, you also stimulate the winning action patterns that accompanied it. This is how we program a winning mentality.
15/ Highly recommend this book.π₯If you find this content useful, please hit the like button and leave a comment about how you celebrate your wins.β€οΈ
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