First and foremost, as you explore how to develop the self for trading, look for ways of calming down the process of emotional arousal – not cranking it up.
The more emotional you are, the more difficult you will find it to create the calm, patient states of mind necessary for trading.
Next, look at the way the system is teaching you to achieve success.
Are you being asked to produce high-energy states where you can “feel” the energy of success that makes success happen as you envision it?
Or are you being trained to develop a state of mind that is receptive (or open) to what life (or the markets) are willing to give you and then to seize the possibility?
Trading demands calm, patient states of mind that can seize opportunity when it appears.
This is the self-development that works well in trading.
It is the difference between the way the Cheetah hunts compared to the hunting style of the African lion. The cheetah waits in patience for the prey to appear in her ambush zone and then she pounces.
This is the kind of strategy that works well in trading.
On the other hand, the African lion chases the prey in teams.
This high-energy “chasing the trade” strategy sucks the trader into trades and positions that take him out of the state of mind that keeps probability on his side.
Ultimately, the trader has to develop a mindset that encourages him to wait to see what the markets are willing to give him and to also conserve energy and capital to trade another day.
Understanding the mind that needs to be developed can really help you sort out HOW you go about building that mind.
What tendencies are you bringing to your trading mind as it observes the markets?
What aspects of your psychology do you need to develop in order to get into the zone where effective trading occurs?