Affirmations for trading – Life Hack for Traders
Affirmations are a type of self-talk that is used to boost one’s self-esteem and confidence. They can be used in a variety of situations, including when you wake up in the morning, before an exam, or before a job interview.
For example, I love myself and others. I prefer to start each day with a blank slate. My self-assurance is high today. I am better today than I was yesterday.
Because the word “affirmation” comes from a Latin word that means “to repeat,” affirmations are frequently repeated aloud or written down multiple times. The power of affirmations is derived from their repetition.
When it comes to changing one’s mindset or even our world, affirmations are nothing new. For centuries, many different cultures have used affirmations to try to change their lives for the better, from Christianity and Judaism to Buddhism and Hinduism.
Affirmations are frequently used to transform negative thoughts into positive ones. They can also be used to remind oneself of one’s own strengths and abilities.
Affirmations are an effective tool for changing your life. They will assist you in manifesting your desires and goals in life if used correctly.
Affirmations are effective because they have the ability to alter your beliefs about yourself and the world around you.
Affirmations work on the subconscious level by making you believe what you say, according to science. Affirmations become more powerful when they are repeated because they create new neural pathways in the brain. Your brain’s reward centres are also activated. This is why it is critical to ensure that the affirmations you use are true and credible to both yourself and others.
Affirmations are classified into two types:
1) Positive affirmations
2) Negative affirmations
Positive affirmations typically include a present tense verb and an affirmative statement. They concentrate on what you want rather than what you don’t have or don’t want.
Negative Affirmations: These statements typically include a negative verb followed by an affirmative statement. They concentrate on what you don’t want rather than what you do want.
Examples of Affirmations:
I am beautiful (positive affirmation)
I am not ugly (negative affirmation)
Because new neural pathways are formed whenever you think about it, you must use only positive affirmations and say them as if you believe and have experienced them. The more times your brain fires in the same pathway, the stronger it becomes. This is known as neuroplasticity. This means that your brain, like your mind, has the ability to change.
How visualisation and affirmations help our brain
How neuroplasticity and affirmations help improve optimism
How affirmations can help your trading journey?
Trading is a mental game. You can succeed in trading if you are mentally strong and follow all of the rules.
Affirmations can help you stay optimistic, can assist you in remaining disciplined and staying positive and motivated.
Make a list of positive affirmations related to your trading goals and use them on a regular basis to help you stay on track.
Keep a journal in which you record your trading results and market thoughts, and use the affirmations that work best for you to help you maintain a positive outlook.
My very own affirmations
Money management –
I risk only 1% per trade.
I take only 1 trade per day.
Emotional management –
I never let my emotions win over my mind.
I have a strong evidence of enough data for my strategy.
I believe in my strategy as I understand the logic and probabilities.
Paper trade –
I can trust my strategy as I have practised my trades well.
I always follow my plan strictly.
I understand the reality of the market.
Nothing is 100% accurate in trading.
Trading journal –
I journal my trades everyday.
Affirmations from books
I am a successful and profitable trader.
I objectively define my edge in the markets.
I am patient and I let trading opportunities present themselves to me.
I believe in my trading strategy completely and wholeheartedly, and I act upon my edge without hesitation, doubts or fears.
I am committed to doing whatever it takes to reach my trading objectives, goals, and visions I pre-define my risk on every trade I place. I completely accept that risk ,and I am willing to completely let go of that trade once it’s on.
I keep a journal for all my trades – whether they are winners or losers.
I continuously monitor my susceptibility to making errors by keeping detailed logs for every trade I place.
I trade according to what the market IS doing, not what I think it ‘should’ be doing”.
Markets are uncertain and I am at peace with it. I accept the losses it
Check out this book here.
Check out this book for other affirmations related to trading.