Trading With Tony Robbins

Trading With Tony Robbins

One of my favorite books is “Awaken the Gian Within” By Tony Robbins.  These types of books have become more helpful to my trading than actual trading books lately.  I’ve now reached the point where success and failure is determined by my discipline (or lack thereof). Get the book here.

“It is in your moments of decision that your destiny is shaped”
  Mastery of 5 areas of life

  1. Emotional Mastery
  2. Physical Mastery
  3. Relationship Mastery
  4. Financial Mastery
  5. Time Mastery. 

Interest in something is not Power,  It’s a weak prayer without the faith to launch it.
Path to Power

  1. Decide what you want
  2. Take action
  3. Notice what is working and what is not working
  4. Change your approach until you achieve what you want.

Making a true decisions means committing to achieving a result, and then cutting yourself off from any other possibility. 
Repetition is the mother of skill. 

Design our lives. 
neuro-linguistic programming 
Pain: associate pain with negative behavior to make lasting and immediate change.
Application to trading. 

Actions I’ve been putting off:

  • Putting together a comprehensive trading plan
    • Reasons why it’s Tedious,
    • it’s work
      • mire away in mediocrity. We Stray from the things that work.
      • Do not have fully developed rules that will carry me forward when trading is not easy.
    • STATUS: Work in progress.  I have created comprehensive guides for several of my setups.  But I still need to cover all of them and money management and broad market signals. 
  • Trading only my setups.
    • Missing the profitable $ quick money trade
      • led astray and take trades that don’t have great risk to reward
      • Not taking trades out of boredom
        • I’ve attached an emotional factor to trading and I must be seeking excitement
        • As a result, I take lower quality setups and stocks sometimes.
    • Status: Greatly Improved. but I’m still prone to putting on too much risk.  
  • Record keeping
    • Why not?
      • takes time
      • Might not like what I see
    • Problems: I miss trends in my behavior and what the market is telling me.  I miss opportunities to get feedback beyond my most recent trade.
    • Risks: If  I don’t change all of these actions, I will never become a constantly profitable trader.   I will keep engaging in the boom and bust cycle and I will never become the trader I know I can be.
  • Reason for change: by taking these actions, I will gain pleasure in knowing that I will become more profitable, I will be on my way to accomplishing my potential as a trader.
  • Status: My Trading journal has been kept.