Mastery of trading

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Mastery of trading!

• San Diego Investools Group
• Tom Jackson

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George LeonardMastery

• In his book Leonard describes the concept of
  mastery, and how to achieve it.
• Mastery is defined not as a goal to be achieved,
  but as an acceptance, and even enjoyment of the
  process of learning and growing in the skill

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• For many of us it may take a couple of times to
  hear something to get it.
• Anyone else have this issue???
• And then along the way, you may start to hear the
  message a different way

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This discussion is the Readers Digest version of
Mastery and how I think it applies to me and my
trading
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First!!!!

• You need to learn to deal with Homeostasis
• The tendency to remain the same
• What we experience when we attempt to change a
  habit

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Have any of you ever experience backsliding?

• This is a Universal experience, you are not the
  only one that this happens too!!!
• Get real!

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Why do we have Backsliding?

• We may have unrealistic expectations
• But
• This is a predictable process in change

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So, what do we need to do to stop us from
backsliding?

• Business Plans
• Trading rules

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So we know we will all become great traders, that
is a given
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But in the process of this, we find a pattern

• 4 Helpful hints with Mastery

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1.) Uninformed Certainty

• You can see what you want, but youre unsure how
  you will get it.
• But. Your confidence is high
• Ill do a search
• Look, three green arrows
• I see the MACD rolling
• Sound familiar???

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But then time moves along

• You may find a block or two
• You lose money (how did that happen?)
• Another bad trade!
• News, you got to be kidding!
• It cant go there?!?!?!
• Earnings, what are earnings?

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2.) Informed Doubt

• Now, youre not so sure of the result
• Start to doubt yourself
• Maybe even Panic a little
• (not any of you, but I do)

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Realization

• This is going to take time
• This is going to take energy
• This is going to take commitment
• I thought all I had to do was look at the
  arrows

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Since we are still here, we havent quit

• So
• How do I move to the next step??

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• Form a community
• a partner group
• a Mastermind team

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3.) Realistic Concerns

• With the group we will develop
• Process
• Plan
• The correct behavior
• And to see what we really need is time, energy,
  and need for encouragement

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And when you make it this far.

• 4.) Informed Certainty
• (that I will be a disciplined, outstanding,
  great, good looking, compassion, generous,
  philanthropic, etc, etc trader)

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This is the natural process

• When we hit the wall, we just need to do it
  anyway!!!
• If we get into informed Doubt ( stage2) too
  long, then we say weve made a mistake
• With meaningful change, we understand that we
  need time and energy to be successful

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Time and Energy

• Navigating through this change will take us time
  and energy..
• We must be aware of this!!

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So what is my spin

• Form a group
• Learn from each other
• Become Uncomfortable

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Last point, Energy

• Physical, take care of yourself, exercise, eat
  right, rest.
• Mental, get yourself around like minded people.
  When you are at a low, they will pick you up and
  carry you along, they wont let you give up
• They will help you to maintain your energy for
  mastery
• We build energy by using energy

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Know the pitfalls

• Getting on the path is easy
• Staying on it is hard

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• You are all great traders!!!!!!