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LESSON07/17/2026 - Q & A on Trader Psychology
_Mentoring Sessions_ / Trading Psychology Sessions · Jul 23, 2026 · 58m 32s · 396 segments (nova-3)
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0:00Welcome to another FOMO Friday. I have Boris and Ted.
0:03And I'm Diane. If you haven't been with us before, this is a session FOMO Friday is a mentor session where we talk about emotions that come up in trading. And those emotions can have
0:13a lot of different effects. Right? They can impact our self esteem and self-concept. They can impact decision making
0:23and set off a lot of negative effects when it comes to trading. In fact, it can cause us to do things that are really,
0:34well, counterintuitive sometimes and also just not helpful sometimes. So a lot of times when we're trying to get a handle on our emotions, we actually
0:44go at it in ways that might be how we've always done it, but they might actually not be so successful. And then maybe they are in other aspects of your
0:53life, but they might not be in trading.
0:55And there's ways, you know, a lot of times with traders that we work with, and Diana and I both do trader coaching sessions with with people. And
1:05the thing that I'm struck by is, you know, oftentimes on the surface, you might feel like, you know, you can check-in with yourself and basically be, okay. I'm,
1:15you know, I'm here. I'm calm. I'm I'm whatever. But that's only, like, one layer. Mhmm. And then often, there's a lot more going on
1:25kind of under the surface. And this idea of, like, being able to really check-in with yourself, you know, kind of and
1:36and even imagining that there are some deeper layers there, you know, and and even asking questions, but, you know, what are what are some of the things going on in your life right now that
1:45might be influencing how you show up for trading? And even though that might not be, like, at the forefront of your awareness,
1:56it can still kind of sneak up on you and drive you, you know, in in directions that you won't even anticipate.
2:04One of the things I think about on the on those lines, Ted, is that a a number well, all different sorts of people, you know, reach out, and and
2:14we work with all different kinds of people in in terms of where they are in their trading journey or, like, maybe what other kinds of work they do. And sometimes people
2:24come from fields where it really hasn't been okay to make a mistake. Mhmm. And that's a that can be a big one or fields where you really had to hide your own feelings
2:34or set them aside. One of those fields that comes to mind for me is medicine. Yeah. A surgeon. Or Yeah. Or or really anyone working in medicine
2:44all the way from nursing all the way to, you know, surgeon. Having to kind of set aside like, it might be a simple need, like, I need to I need to go to the bathroom or, you know,
2:53might be a it might be a a, you know, a a fight with your spouse or, you know, something going on with your kid or something that really,
3:03really pulls at your attention. And one of the things that, you know, people that are trained in those fields or flying is another one.
3:13Yeah. In parallel.
3:14Yeah. They really can't you know, they they get very good at at compartmentalizing because they really can't have those kind of thoughts in
3:23this arena. So we think about, like, a surgical arena or or, you know, flying a plane or something like that. Really need to be a 100% present with what they're doing.
3:33And and trading is that way. But in trading, because of things like intermittent reinforcement, because there are
3:43gonna be times that you're that you, you know, that you do get it wrong. You know? Hopefully, hopefully, if you're a pilot, you're not, like, crashing your plane or, you know,
3:53if you're a surgeon, you're you're not making a life threatening mistake. But when I think about trading, you you are going to be wrong. Even if you're following your rules
4:03and your plan strategy and you're doing everything right, you're still going to have instances where you where you have red trades and even
4:13instances where you get emotionally hijacked and where, you know, enter into emotional trading. And and you're going to have results
4:23where, you know, it's not perfect. And so you can't really utilize the exact same kind of compartmentalization. It
4:32would be too triggering. Right? You know, it's like the emotional backlash of it. And so when I think about, you know, the it's a more
4:42it's a more middle middle ground approach that you really need to have and one where you need to be more aware of on a deep level, like what Ted was
4:52getting at, not just that surface level of am I okay? Am I am I awake? Am I am I, you know, paying attention? But, you know, what's going on? Am I
5:02having any kind of issue, like an emotional issue, a physical issue. Am I having
5:11thoughts? Am I having most of us are having some kind of thoughts in the background, some kind of emotions in the background. They're less threatening to us if we
5:21are able to notice them, and then they can kind of settle down. And and even something as simple as that, practicing
5:31that meditation, that noticing of things, and letting it settle, and then kind of getting into a relationship with these emotional parts of yourself
5:41where you are able to ask those sort of like permissions. You know? Like, does this feel okay? You know? Then you're then you have
5:50then you have the emotions backing you up instead of pulling you this way and that. And that's a lot of what we're getting.
5:59Yeah. And I wanna give a shout out to both, let's see, Ray and Damian. First time attending a FOMO Friday session, so I wanna say welcome. Glad to have you
6:09with us. Anyone else who this might be your first time attending one of these particular sessions. And these are, you know, like Diane was saying, these are kind of
6:18different session. You know, the place that she and I are coming from, it's different from the other mentors and that we, you know, we have backgrounds in
6:28psychology. You know, we've worked with warrior and traders for many years now because, you know, this stuff can
6:38be really hard. You know, even thinking about things like accuracy, Diane brought up surgeons
6:48or pilots where you have to have a really high degree of accuracy in order for things to be okay. In trading,
7:00you're just not gonna get that level of accuracy.
7:03Working with, yeah, working with someone this week, something that she said was, like, my level of accuracy is really, like, kind of insane. But
7:13what she really knows she needs to work on right now is being a good loser.
7:18Right. Because that's often what we see, you know, even with people that do have a high level of accuracy and are still not profitable, it's it's
7:27typically because they have, you know, a small number of days where they just fall off that cliff and give everything back
7:37and then some.
7:40And the other thing that I would say about her is that, you know, one of the the pieces in that, it's like, it's that recognizing. So, you know, she's in a place where
7:50she's she's been profitable for a few months, and she's in this place where, you know, a lot of people would just be like, okay. Great. Now size up. And instead, she's
8:00looking at, okay. Now how can I refine this? What could I be doing better? And she's looking at the thing that still gets me is I wanna go back and fix it or I have
8:09a hard
8:09time accepting that. And and going back and fixing it a lot of times works out for her. So then that's really being
8:19reinforced. But she knows that's not the way. And and so whatever she knows it's not the way because also she wants other things out of
8:29her day other than day trading. And and and so that's something to to think about is, like, what you know, where does trading fit in the
8:39overall context of your life? What do you want out of trading, and what are you willing to put into it, and where could you really make a sacrifice? And
8:49so, you know, in this case, it's like, okay. Before I kind of search forward with this, I'm going to work on becoming a better loser because I know that's
8:58something that is still emotionally difficult for me. Then you get to that place where, like, okay. I'm feeling better about this. Ready to take that
9:08next step. That that's a really wise approach in my mind. Yeah. Is to give yourself a little more time and a little more space and
9:19more time to kind of sink into, like, the plateau of your process. You know? I'm not talking about your your profit and loss
9:28plateau or something like that. Saying, like, with what you're doing, okay. I've been able to do this all for a week. Okay. Can I deepen this? Can I do this for
9:38a little bit longer? Can I can I really get comfortable with this? And and when you do, then you might notice some of those other nuances of, wow.
9:48This is really something to pay attention to for me. Now that I've done this for a few weeks, I have more metrics about it, and I can see that when I am having a
9:58problem, it's coming from this area and send focusing on that and getting yourself really in a good position to
10:08then take that next step so which might be sizing up, might be something different.
10:13And, like, some of the comments coming through or, like, on the kind of like the following the medical theme, you know, that Amanda has a nose. I'm saying you're a
10:23100% right. Learning how to show myself grace when I mess up or go red on a trade has been a great byproduct of learning this new skill. Then
10:33Ray said, might argue that many physicians' accuracy for diagnosis can be in the 80% range due to the history of disease presentation. It can often
10:43be like looking at a stock pattern developing and that you are making a call at times even before the whole pattern of disease emerges.
10:52That's a really looking I'm glad that you, you know, that you put
10:58that in. I love that. That was a wonderful wonderful metaphor there.
11:02Because it's also you know, I think about things analogy. Like beginner's mind. You know? And when I think about
11:14well, a trader I was even working with yesterday who is beginning to recognize how much
11:24and this is, like, straight out of, Mark Douglas', treading in the zone, you know, the importance of being able to
11:34see both the possibilities and the risk. Mhmm. And, you know, he's as a trader, he's beginning to really recognize, you know, how
11:44one-sided his vision has been where he, you know, can only see the possibilities. He never thinks about, okay. What's the you know, if this
11:53goes against me, you know, what is it that I need to do? He's not even giving it the, you know, the possibility that it could go against him. And then and
12:03that, you know, invariably gets him stuck in some pretty tricky places. And when we think about thing you know, it's like, okay. So you're getting into you're you're looking at the stock.
12:13You're seeing patterns emerge. It's got, you know, new it's got all the, you know, all the you know, it has you know, it's it looks good on on
12:23multiple fronts, but still, you know, leaving room for, okay. What if it doesn't?
12:34I mean, that was something that I think even last week, Ross got caught in. He went pretty heavy into a trade
12:44because it had all the it was, you know, within a sector that is getting a lot of attention. It had news. All the setups were there. It just it
12:54looked very, very good. And he got in it with, you know, heavy size, and it just went the opposite direction.
13:04And then when we kind of debriefed about that later, he was like, overall market, I didn't take into account that, you know,
13:14you know, that things had been more bearish. You know, he all you know, he was just paying attention to this this one particular stock, not even in
13:24singularity, but in, you know, in this one grouping. But he didn't think of the overall picture and that that should have, you know, made him a little more cautious in
13:34how big he had gone into it.
13:36So So we we'll go with flow.
13:46Mhmm. How do I separate the psychology of trading from other needs of my psychological profile?
13:56I have cerebral narcissistic tendencies and look toward the market and my mentors to validate my intelligence. It usually gets me into trouble with the market.
14:07And I know. Yeah.
14:11Well, I mean, I think it's good to recognize, you know, these patterns, these tendencies, the things that you are susceptible to. It's like,
14:21you know, recognizing that there's a part of you that's looking to the market to validate your own sense of of
14:30intelligence. You know? And and probably some of the things that can be really difficult in that is it's like the idea of of being
14:40wrong can feel equated with things like being stupid. You know? If if I'm wrong, I'm stupid.
14:50And with trading, you're gonna be wrong a lot. And so it's not a matter of so so being able to recognize, okay. I have this tendency.
15:03when I'm successful, it validates my sense of my own intelligence, and when I'm unsuccessful, it completely undermines
15:13and diminishes that. That's a a really important place to meet yourself with we talk about loving kindness and compassion all the
15:23time, you know, being really kind to that part of you and doing, you know, doing some work to sort of separate
15:33that out. You know, that you never know which way a stock is going to go. Everything is kind of a best guess.
15:44And part of, you know, sort of exercising, you know, our our deeper intelligence is is including that
15:53possibility in your analysis and looking at, okay, when that happens, because it will, what are my protocols? What
16:04are the ways I need to operate when a stock I believe in doesn't go the way I I expected it to. And having worked that
16:13out so you're not just caught in the emotional, like, oh, no. You know, and then, like, you know, fight flight or freeze kicks in.
16:24So it sort of put in, you know I think that's feels like a little bit of a theme of what we're talking about today is, you know, how do you handle,
16:34how do you become a good loser? And how do you what's the smartest way to be a good loser?
16:41So I wanna I also wanna answer the question as well. Sure. One one of the things that I think can be helpful, and I think it's great that you have this self
16:51awareness to kinda recognize that you're looking for this external validation and to also realize this that isn't the role that trading
17:01should play for anyone is is to is to give you those good feelings because that is sort of a slippery slope into
17:11gambling type behaviors. And so one of the things I would say in working with that is taking just the facts of something.
17:21And, you know, so and this could be outside of trading too if these if these tendencies come up outside of trading. But in trading, look at just the facts of what
17:31happened. You know? You know, this is maybe what you observed. This is what action you took or didn't take, you know, so on and so forth. So in reviewing the
17:41trade, really allowing yourself to kind of see just the the facts of it all. And and then to really be able to look at how does that
17:51match up with your, you know, with your process that you that, you know, the strategy and the rules that you've developed for yourself and what you want to be
18:00doing and to really look at, like, those places where things are not aligning. And and that's really what you focus
18:10on. Okay. This is where it's going off the off the off the map here. What was the emotion I was experiencing? What was the thing I wanted or
18:20needed to happen? What was so important about that for me and for some part of you. Right? What was so important about that? Really being able to look
18:29into these deeper needs and to recognize, okay. This really relates to an internal or
18:39external locus of control. So if we, you know, so if I'm getting a a dopamine hit maybe when I when I get
18:49out of a trade green and, you know, and and I'm also having this external validation, and I'm feeling really good about myself, And maybe I'm not
18:59getting that anywhere else in my life, you know, so so I can recognize that. You know, that's that's attributing the win to, you know, what I did. But
19:09in looking at just the facts, did it come from following your rules? Did it come from executing your strategy? You know?
19:19Or did it come from, you know, the luck, I guess, of of things working out right? And then on the other side too, you know, maybe it's a
19:29red trade, and then we tend to kind of a lot of people will be like, ugh, you know, either blame myself or blame the market. So it's
19:39internal or external locus of control. Pay attention to that. Is it am I am I assigning all the blame to myself? Am I assigning it to the market? And then look
19:49at just the facts of what happened. Did you follow your rules? Did you follow your strategy? You know? And and how did that line up? And pulling it apart
19:59this way, you know, kind of dissecting it a little bit, you're probably gonna be more able to see, you know, if you what you attribute to
20:08yourself and what you attribute to, you know, or blame on outside factors and looking into that deeper layer of what's so important about
20:18that. Why am I why why am I doing that? Asking that why question and really allowing yourself to be with just the
20:28facts of of did I follow my my process as I, you know, laid it out or didn't I? And and then to
20:38to kind of look at or be with the feelings that you have around that. Now you're even further separated out from just the
20:47piano and and how that might be whipping you one way or the other. I hope that makes sense.
20:53Yeah. I thought I thought so. Wanted to just touch in on what Damian said about I struggle with that I'm wrong more often than I'm right. It's
21:03humbling and gives me a feeling of shame, but I'm working on being okay with failing. Mhmm. Well and so with that, I mean, you know, it's I think it's great that even
21:13just being able to put that out there, being able to both admit it to yourself and others. And, you know, I'm I hope that you you know,
21:23given that, I'm hoping that you're still trading in the simulator because you're at a at a stage in your journey where you're trying to figure figure this out.
21:34You know, you're trying to to see if you can actually see good setups, you know, if you can have good execution, if your
21:43stats are getting to the place where you're more than 50% accurate. You know, they talk about, you know, somewhere trying to be around 70% accurate in order to
21:53switch over into live trading. But I also know I know traders that are successful even, you know, well under 70%. You know, it's
22:03more a matter of, you know, how quickly or how much you're willing to, you know, cut losses. You know, the the tighter
22:13that is, the less accuracy you need because you're you know, it's and it's all just like, what are the stats telling you?
22:20Mhmm.
22:20What are the metrics telling you? All of those things. And then the things about recognizing the feelings of shame, you know, feeling really humbled. You know, that's a place
22:30of both being kind to yourself that, you know, trading is hard to learn. Even though on some level, it's like the, you know, the mechanics are simple on one
22:40level. To actually be successful, it's quite difficult. You know? The success rate is pretty low. And
22:50so giving yourself, you know, the time and space for that and, you know, allowing yourself to just, okay, just keep working on, you know, trying to
23:00get a little better at that, but don't put a lot of money on the line, you know, while you're trying to get there.
23:08Amir asks, is it possible that some of our trading struggles are caused by psychological schemas we develop from past experiences?
23:18For example, quit hesitation at the moment of entry or fear of failure be related to these schemas? If so, how can
23:28we identify and work on changing them? Yes. That's definitely something that happens. And and the the
23:38really, the way to work on this is through a a mindfulness practice to be noticing. And and you can
23:48do this you can do this, you know, oftentimes people do some kind of mindfulness meditation or check-in with themselves ahead of
23:57time, you know, noticing what's present, what feelings are present, what thoughts, what sensations.
24:07Also, reviewing your trades is a time to kind of gather some of this information and to be able to kind of do a postmortem of a trade. You're able to kind of pull it
24:17apart and look at not just what happened, you know, in terms of the trade, but what was happening emotionally and what what pattern that is. You know?
24:27So when we're talking about schemas, we're we're really talking about patterns that are set for us. And and Ted and I talk a lot about emotional parts of us from the IFS
24:36perspective. This idea of there being a part that's leading us into something. Oftentimes, a part of us that
24:46might either hesitate or a part that might be carrying this fear of failure was born at some other time. It didn't begin in in
24:56trading. It it came much earlier than that through other life experiences. And parts in your system, other emotional parts
25:05will sometimes defer to particular parts that have been useful for you. But now these parts that they're deferring to are just carrying out the same thing. They
25:16have a limited perspective. They see things from this limited perspective, and and they and they keep trying to do the same thing for you. And
25:26it's important to note that what they're trying to do isn't actually related to trading. They don't care about your trading. They care about how you feel.
25:36They
25:36care about if you feel confident or if you feel like a failure or if you feel desperate or heartbroken. They care
25:46about these kind of things, and they especially care probably the most about if you're overwhelmed or might become overwhelmed.
25:55Usually, the parts that are the strongest in us are parts that are really working either proactively
26:05or reactively. Those are the most intense ones. And in an effort for us to not become overwhelmed by something that once overwhelmed
26:15us. So it could be a time that you experienced an intense humiliation, a physical attack, you know, some
26:24loss. Yeah. A huge loss, you know, like a loss of a parent or a child or a significant other or something like that.
26:34These these aspects, these parts of ourselves become dedicated to making sure that nothing like that
26:44ever happens again. And and and through that, they can actually push your decision making in the moment when everything is
26:54moving fast during trading and you're in a very high stakes situation. Right? Your bank account is on the line. So so or your
27:03trading your trading account, but yeah.
27:06Hopefully, not your bank. Your whole bank account.
27:07Right. But your money is on the line. Right. And and so having that sense about, okay. All of this
27:17makes sense. You know? What's happening? That impulsive behavior, that thing I keep doing over and over again even though I know it's the wrong thing to do, the
27:27emotional brain gets there faster than the cognitive brain. Right. So one thing you can do is talking yourself through the trade can be really helpful.
27:38Another thing you can do is, like I mentioned earlier, starting off with a routine, a mindfulness routine before trading,
27:47going back and and reviewing trades in a way where you consider what was happening for yourself emotionally as well as just what just like not just like where did I get
27:57in, where did I get out, and how much money did I make or lose, but what was happening for me emotionally aligned that journey.
28:04Yeah. So I'm gonna try to go so we have a lot of questions that come in. Let me go back to, I think, Ray. Recently, I got stuck in some swing trades
28:14and chose to sell at a loss only to then have the stock spike, and I got gun shy, not willing to pull the trigger. Now
28:23I'm stuck in a 50% drop in SNDK and feeling like I'm developing a bit of a cycle of of
28:33fear of making mistakes and then FOMO and back again. So I'm just caught in this cycle of, yeah, being, you know,
28:43emotionally triggered. And and, yeah, like, that feeling of self doubt of, you know, yeah, too too afraid to,
28:53like you said, pull the trigger on something. So one, you know, the acknowledgement of all of these emotions that are moving through you and
29:03recognizing how triggered you are and, you know, doing some work to try to, you know, slow things down and come back to a sense of being grounded and
29:12centered and really developing, you know, a plan for how you might start to address this. And that could be, you know,
29:21trading with some smaller size, And especially, you know, like, when you're in swing trades and you're stuck in something that has had, like, a
29:32a 50% drop, it does sort of force you into this place of of having to kinda just manage a bad situation.
29:42You know? You have to start to look at, you know, what is the likelihood of this, you know, coming back? How long could that take? How much further could it
29:52go? You know, it's there's a lot there. And trying to not
29:59make a rash, you know, emotionally driven decision, I had I had somebody that was in a very similar
30:09situation and had this big drawdown on a particular stock and then very impulsively jumped into something that he had had
30:18success with at a different time thinking, I'm gonna make it up. You know, I'm gonna get it back in this other trade and have the exact revert that one
30:28reversed as well. And then he was, like, double stuck, and is still trying to get you know, still waiting for the market to turn
30:38around on that. So it's a it can be a difficult place to be. And then, you know, this checking in with different parts of you, what's going on inside of you,
30:49and how can you best navigate. You know, is is the appropriate thing at this time to be patient? Is it appropriate to start looking at cutting some of these losses?
31:01And, you know, trying to look at it from as many angles as you can, while paying attention to really calming those emotional
31:11parts of you that wanna drive you towards more desperate action. Hope that helps.
31:16Martha asked, how do you manage your emotionals emotional yourself emotionally as a new trader considering the of the market.
31:25Some days are hot and some days are cold. The days seem pretty inconsistent with small caps. I find it challenging to gauge whether gauge
31:35whether or not to take a trade on certain days. I mean, the the simple answer to that is, you know, that over time, you're going to really begin
31:45to, you know, sort of test those waters a little bit. You can you can you know, if you're still in the simulator, you know,
31:54it's it's it's safe to, you know, experiment or test those waters. If you're live trading, you might wanna be more
32:04careful about the actual trades that you get into. But but by and large, you're giving yourself time and experience to notice.
32:14And it sounds like you already noticed this is a hotter day. This is a colder day. Things are moving. Things are not moving. Now how do you
32:24react and react to that? How do you react when it's a hot market? Ted was mentioning earlier something I think of as positive and
32:34negative mind. Positive mind is, you know, seeing all the opportunities. Negative mind is seeing all the dangers. You really wanna come into neutral mind where you can kind of
32:44notice both sides and then act from your center. And so coming into that space around whatever kind of market it is.
32:53So naming them naming what you see. I back to talking out loud through your trading even. Naming what you see. What kind of market
33:03is it today? What's moving? What's not? How you know? And now naming what's happening inside of yourself. You know? Naming if you're feeling,
33:13you know, sweaty palms, racing heart. Naming if you're feeling boredom. You know, whatever is happening in you. Letting yourself, like, notice that as
33:23well, especially if you're a beginner trader. This is a great thing to do, but anybody could be doing this. It's a great thing to be letting
33:32yourself learn this. Learn about the market and learn about yourself in response to the market. Notice these parts of you that arise. What
33:42wants to happen? What thoughts come up, what fears come up, and really looking at the relationship between
33:53impulsivity and hesitation. And and both are driven by self self doubt. So, you know and there is a mentor session
34:03that we've led on on those on those things as they relate to confidence and trading. If you are
34:13if you are sitting sitting down with that mindset of I'm gathering information, I'm gonna see what what the market is like today, I'm gonna notice what it brings
34:23up in me, You're already going to be a little bit more in your center just from doing that.
34:32And, you know, and I think Ross does a pretty good job of being you know, like, the example that he gives of of
34:42really trying to get a feel for the market each day he shows up to trade. You know, he'll talk about taking, you know, some starter positions, get the temperature of the market,
34:52And we highly recommend, you know, following his lead on that in terms of, you know, asking that question. You know,
35:01what what are the overall conditions of the market today? Does it feel like things are moving? Does it seem choppier?
35:11Does it seem like everything that starts to move just gets shoved right back down? You know, these are all things that are really important to be
35:20considering that a lot of traders, you know, don't really start to, you know, include or incorporate, you know, those, you
35:30know, those larger market pictures, until they get burned, you know, a few times. So, you know, putting that into your awareness
35:41and being willing to have and, again, I think Ross has a really good example, you know, job with this of being willing to have no trade days when the
35:51market simply isn't there to meet you. And that can be hard for people. You know? That's you know, if I it's like I show up to trade, I'm I wanna trade.
36:00Mhmm. You know, I'm trying to learn. I wanna you know? And that's where, okay, you know, even if you are live trading, if it's a day where, you know,
36:10it doesn't seem like much is moving or is moving very inconsistently, that would be a great time to go back into the simulator to just to to
36:20practice, you know, to see what happens. There you know, the current conditions.
36:31But to be very careful about doing that, you know, live trading. I mean, there was one point several weeks ago that I remember Ross had been, like, very patient
36:41because the overall market conditions had been very good. And at one point, based on coming into trading, feeling frustrated with other, you know, kind of
36:51other things going on and even just kinda getting bored, he'd, you know, jumped into stuff that he shouldn't have that he knew he shouldn't have jumped into and, of course,
37:00have the, you know, predictable results. So even he can be susceptible to this. It's it's hard to be, you know
37:09Patient.
37:09Patient and consistent. Mhmm. Yeah.
37:13Some some of it is knowing that that's going to happen sometimes and and being accepting of that, that that is part of trading. Yep.
37:23So
37:24Oh, Bernie. Hey. I haven't seen you two in a while. You guys look great. Hey. Thank you.
37:30So Martha kinda concurred with that and said that that was the reason that she hasn't been live trading. I found that learning
37:39how to respond to the market seems to be more important than learning the level two right now for me. Mhmm. And and that's that's really important
37:49to know that, to know for yourself what's really important for me right now. You know, how do I allow myself the right pace with this?
37:59And a lot of traders get caught into feeling a a tremendous amount of pressure from the very beginning, feeling like I have to learn this in three
38:09months, six months, one year, whatever it is. They they have set some outside number, and and then they are every day
38:18kind of feeling the pressure of moving toward it. And and that's probably not the best way to be. You know, the best way to be is to be really listening to
38:28yourself and giving yourself the time that you need for this.
38:32I was looking at the thing that Fernando shared about something Jess had said about slow days, sitting is trading. Mhmm. And I think that that's an interesting
38:43well, a question, you know, like, when when Ross was developing as a trader, when he was, you know, before warrior, all that kind of stuff, and we were working
38:53together. You know, a question I would often ask him is, you know, are you gambling or are you trading? And I think that that, you know, sitting is
39:02trading sort of fits, you know you know, in that idea of when there is nothing worth trading and
39:12you are willing to have that patience to just to sit and actually wait, you are actively trading.
39:19And you're building you're building tolerance. You're building trust in yourself. So all of that is happening.
39:27Yeah.
39:28Should we go on to our, like,
39:30two minute We kinda just jumped in, and we usually, do a meditation at the beginning. We even have, like, a quote from. I'll
39:37read I'll read the quote, quote, and Ted will lead us in meditation.
39:40Sure.
39:40Or is that good?
39:41I don't I'm pretty congested.
39:43Okay. I can read it.
39:44I'll let yeah. So should I read the quote, you do you wanna read it too?
39:47I'll read
39:47it. Okay.
39:49No. You can
39:49read it. Aw. Okay. This is a quote from who is a famous, Buddhist meditation practitioner.
40:00Around us, life bursts with miracles, a glass of water, a ray of sunshine, a leaf, a caterpillar, a
40:10flower, laughter, raindrops. If you live in awareness, is it it is easy to see
40:20miracles everywhere. Each human being is a multiplicity of miracles. Eyes that see thousands of
40:30colors, shapes, forms, ears that hear a bee fly or a thunderclap, a brain that ponders a speck of
40:39dust as easily as the entire cosmos, a heart that beats in rhythm with the heartbeat of all beings like that,
40:50heart that beats in rhythm with the heartbeat of all beings. When we are tired and feel discouraged by life's daily struggles,
41:00we may not notice these miracles, but they are always there.
41:06Well, Ted picked that poem, but it's so in line with what I've been thinking about and putting out a lot this week, which is, you know, what
41:16what else is here for you? And and that's something to remember in this moment, right, or in any moment, even waking up in the morning, this whole
41:26world that's waiting for you, this market that's waiting for you. So I like that a lot. I like that. And also remembering the
41:36heart that beats in rhythm with the heartbeat of all beings.
41:39Yeah. And, you know, coming into your trading day and even moving through the course, you know, of your of your trading session,
41:52trying to remember something like this. You know, how you know, there's the there's the experience that you're having, and then there's how you're having that experience. Mhmm.
42:02And, you know, when you start to feel really beaten up by trading, you feel beaten up by the market, you can get into those, you know, places
42:12of kind of white knuckle desperation or despair, and you can forget, you know, things like gratitude or beauty or
42:21connection. Mhmm. And yet if you can ground yourself a little more in the things that have deeper meaning in your
42:31life, it actually kind of paradoxically or maybe not paradoxically becomes much easier to engage with something like trading. You
42:41know? The bigger, the deeper your world is, the easier it is to show up and be patient, be mindful,
42:51be thoughtful, be balanced. And, you know, unfortunately, a lot of people it's like you get kinda caught up in
43:00trading, and there's this, you know, conscious or subconscious belief that, you know, I will feel better once I'm successful.
43:11And this can be a long journey, and it can be a difficult one.
43:16Yeah. So feel better now.
43:19Yeah. Exactly. Go ahead and give your do a step favor for yourself.
43:24Let, yeah, let yourself feel better. It's a good reminder. K. Renee also said, I just made a cool mindfulness checklist image to post on my desk, shared it with this
43:34group, waiting on approval. That's really cool, and that's something a good thing. You know? Make those resources for yourself. And and and remember, you know, whatever it is
43:43that helps you remember, you know, whether it's mindfulness, a state of mind, you know, whatever helps you stay with that connection. I love that
43:53that heart heart that beats and rhythm with the heartbeat of all beings. Remembering connection
43:59Yeah.
43:59To other things, to other people, to the the larger world. Even when you're in that zone of trading, it can really, really
44:10help you stay more grounded in in your center. And so I'm gonna take this I'm gonna take this into
44:16Sure.
44:16Meditation and just like
44:18Okay.
44:18I'm take us into meditation in just a moment, but I wanted to share another another I don't know if they can hear that knocking that
44:28happens.
44:28It's on the warrior.
44:29Oh, it's just you can't turn it off? Okay. Anyway, if if you another quote from. He was
44:39talking about what what Ted was just talking about, which is that we we can do things and lose the
44:49experience of what it is that we're doing. And so he says there's two ways to wash the dishes. You can wash the dishes to to have clean dishes.
44:59or you can wash the dishes to wash the dishes.
45:03Right.
45:04You know, that that you can have the experience where you're doing x to get to y, or you can have the a
45:13more fuller experience of x, right, and then arrive at y. Right. So there's either
45:23way, you get to the you get to the you get to the next part. Nope. That happened.
45:30There you go.
45:32Either way, you get to the next part. But but how do you wanna get there? And that's that's a really good thing to contemplate around
45:42trading. How do you wanna get there? Who do you wanna be on this journey? If you are trying to become a certain type of trader,
45:53embody that today. Be that be that trader. Be that trader. And and the more you sort of fill those shoes or practice
46:03that that day by day, you will be you will be in the process of becoming that trader.
46:10Shared the journey itself is the destination. Mhmm. Yeah. That's a great a great mindset.
46:18So you might like to close your eyes or you can hold a soft gaze looking at this lake this lake picture. But if you like to
46:28close your eyes, it might actually be easier to let your eyes soften. And from there, begin to
46:37let the muscles of the face and jaw soften, and let yourself notice the air flowing
46:47in, breathing in through the nose, feeling that air move through you, and breathing back out
46:57again, allowing yourself to be with each breath, holding
47:07a sense of curiosity and wonder, a powerful mindset
47:16of observation as you maybe sit in amazement at this miracle of
47:26respiration, this simple act of breathing. As you begin to come into this a little bit more fully,
47:36you might notice yourself relaxing, releasing a bit with each exhale, relaxing into the
47:46support of the seat that you're sitting in, feeling into all of the places where
47:57these surfaces, the seat, the floor come in contact with your your feet, your body. You might notice these
48:07places where the air itself that you breathe in comes in contact with your body, the way your body shifts to accommodate and then move it back out again.
48:22As you breathe, you might feel your eyes softening a bit more and your jaw softening a bit more, the muscles around the back of the head
48:32and the neck softening, the muscles through the shoulders and shoulder blades
48:41all around the upper spine softening, breathing into those small
48:51muscles between the ribs, really feeling the movement of the diaphragm,
49:04breathing into the belly, letting your awareness touch into all of these
49:13spaces with kindness, with love.
49:31And as you breathe in this way, you may begin to feel more expansive. You might sense your your
49:41aura or energetic field around you beginning to expand.
49:53According to certain yogic philosophies, the electromagnetic field around you can expand up to two miles. So really
50:02letting yourself feel into an expansiveness, your own energy. And then coming back to the
50:12heart center. And imagine that connecting of your heartbeat
50:25with the heartbeats of the people that are closest to you
50:37And then the people that you're friendly with, people that have made your acquaintance,
50:49letting that begin to expand out,
51:00feeling that expansion, that connection to your own heartbeat, and all of the others that are
51:09beating as well. For some reason, I'm even thinking about all of those animals in the
51:19forest, all other creatures,
51:30And then coming back again, zooming back in, and maybe even placing a hand on your heart. And if you like, one on your
51:40belly. And staying here with yourself,
51:49relaxing into your own presence, your own self love, your own kindness to yourself.
52:03Really staying with whatever present in your heart center today, whatever sensation, whatever emotions,
52:18welcoming what's here, allowing what's here. Even those thoughts that might be swirling around
52:27or creeping in, making a little bit more space.
52:38Really listening with a kind ear.
52:49Now what's on your mind? What's on your heart? What's in this place?
53:00I'm really listening for what's needed right now. Maybe it is just this presence.
53:10Maybe it is the kindness, the curiosity.
53:19Asking that question around trading as well. What's needed here? Not something you can think of, but just what you feel.
53:31What quality is needed? What have you not allowed to come in that might be needed
53:41here? That could be patience.
53:51That could be kindness. Just noticing what's needed that you haven't allowed in and
54:01see if it's okay to open up to that a bit. Maybe it's encouragement,
54:13permission, whatever you find.
54:24Maybe it's courage or even creativity. Imagine breathing in these qualities that are most
54:34needed, letting them flow in from the corners of the universe and the depths of yourself.
54:47Taking a moment to really notice what you do appreciate about yourself. Noticing in your life
54:57what you most appreciate about yourself. And even in trading, notice what
55:07you appreciate about yourself as a trader.
55:24Letting yourself really feel into that. And if there is anything
55:34that's been harder for you to accept about yourself or harder for you to accept about yourself in trading or as a trader,
55:45see if you can make some space for that right now. Just letting that be here too.
55:55Not trying to fix it in this moment. Maybe not at all, but letting yourself just hold it with more
56:04understanding, more curiosity, letting this aspect
56:14know you are part of everything,
56:24and you are welcome.
56:34Taking a few breaths deep down into your belly and then eventually opening your eyes and coming
56:44back into the session.
56:51Thanks for that, Diane. That's pretty cool.
56:53So we often start with meditation in FOMO Friday.
56:57Guess we kind of ended it with it today.
56:59Ended with it.
57:01So we can put our if you're interested in booking a session with either Diane or I, I'll give you our our trading coaching website,
57:12wisewisemindtrading.com. There you
57:21go. Wisemindtrading.com for those of you there in chat. Let's see. I'm also going to be starting a new
57:31Trader support group.
57:32Support group. We just actually wrapped one up last week. That was really, really cool. I haven't updated on the wise WiseMind
57:42website yet the the new dates.
57:45But if you're Probably this weekend, you'll
57:47Yeah. I'll probably do that this weekend. And, hopefully, starting starting sometime mid August is what I'm kinda looking at.
57:54So We really appreciate all of the questions and all the insights and input that you that you bring to this mentor session. It's really it's
58:04always a wonderful engagement. We really appreciate you.
58:08Yeah. Alright. Cool. So have a wonderful weekend, and we will be back not next week, but the
58:18week after. I think the I think it's the last day of July, actually, for another FOMO Friday. And, yeah, we'll see you next time. Take care, everybody.
58:31Bye.