New Rande Howell video: Why Do Your Beliefs About Money Have So Much Power Over You?

Why Do Your Beliefs About Money Have So Much Power Over You?   Hello Trader,                Why Do Your Beliefs about Money Have so Much Power Over You? The moment the money is real, everything changes. In the blink of an eye, the trader’s mind is transformed from a rational mindset managing risk and reward to a fearful mindset chasing after scared money or experiencing irrational exuberance in the pursuit of money. And bad, regrettable decisions follow when you have skin in the game. It is this power of money (both losing it and gaining it) that continually wrecks perfectly well-trained traders every day. But why? Every morning traders promise they will keep control of their emotions, this time. They will be in control, this time. Then the bell rings, and the game is on. Before you know it, the fear of loss trips their mindset up or an incredible urgency to act seeps into their performance mind – and they are stepping into trades they would not have pursued (when in their right mind) and over-trading and revenge trading seize the day. Traders fall into these predictable patterns and stay stuck there for years at a time. Why Do Traders Keep Doing the Same Thing Over and Over Again? Your brain creates emotionally based patterns that become automatic when triggered by an activating event. This is the way your survival instincts work. If your Thinking Brain had to process all the information happening immediately before acting on a potential threat or opportunity, it would hit a traffic jam and get stuck in traffic. Meanwhile, the brain is paralyzed to act quickly for its survival. These are where your survival instincts come in.  They are built to act quickly, without cognitive input. Every time you have experienced fear of entry, fear of loss, FOMO, revenge trading, and/or over trading, you have experienced your ancient emotional survival instincts doing what they are built to do – to save your life in an instant or to take advantage of a situation before the opportunity slides away. These emotional patterns plague your attempts to be the rational trader you aspire to be. Money Is Not Money – It Is the Power to Control and to Remain Safe Because they do not understand and appreciate the link between money and power as it plays out in their primitive emotional brains, traders doom themselves to trip over limbic survival patterns. To this Caveman brain of yours (the one that hijacks the rational mind under pressure), money is not just money. Your ancient emotional brain does not even know what money is. If you were somehow able to give a suitcase of $100 bills to your Caveman ancestors, they would be baffled and have no idea what to do with it. He doesn’t “get” money. It means nothing to him.  The link between Money and Power are a modern invention. To your ancient Caveman brain (that you carry with you every time you manage Uncertainty, Loss, and Opportunity in the form of trading) capital is linked to the power of survival. He sees threat and opportunity, not risk and reward. And as long as you try to push a risk/reward agenda on a brain that sees threat to life and opportunity instead, you will continue to trigger your survival instinct and its emotional survival patterns every time you risk capital to an uncertain future. Your Caveman brain does not see risk and reward (as you do). He sees threat. He does see a capital loss – he sees a biological threat to his existence. And he is going to fight that threat to the death. Because in his brain (the Emotional Brain), he may not survive the loss. The trader experiences this as revenge trading. This is the dilemma that you must master. There is no strategy that will save the day. Most of you have been there, done that.  The frontier is in building the trading mind so that your survival brain does not have to activate. I will continue this discussion next month. So, stay tuned for Part 2 and the webinar we will offer in December that will be aimed at this connection between the Thinking Brain (that you need for trading) and your Emotional Brain that is built to survive in a very threatening world. Watch for next month’s newsletter with links to our next webinar, on December 14.  I will be posting a video on your Money Beliefs and trading on my website...[click here to view it](  See you next month. And be sure to give thanks this month for the gift of Life. Be well.     [Facebook](  [Linkedin](   Rande Howell Traders State of Mind www.tradersstateofmind.com   Free Rande Howell webinar next month - in December, 2023  Title - Why Do Your Beliefs About Money Have So Much Power Over You? Speaker: Rande Howell Date/Time: Thursday, Dec. 14, 4:30-5:30pm EST IMPORTANT! The time shown is in U.S. Eastern Standard Time! Check back with us next month for information about registering for this free December webinar. IMPORTANT! The time shown is in U.S. Eastern Standard Time. [New free Video - ]( Why Do Your Beliefs About Money Have So Much Power Over You? The moment the money is real – the game changes. You may know how to trade in simulation and are able to see the potential that you could be experiencing. But, somehow, when you have real skin in the game, your rational mind flies out the window and “scared money” takes over. How does this happen? Come watch this video and find out – and learn what you have to do to bridge the gap between play money and capital at risk. Watch now.  Please [click here]( (and scroll down a bit) to view the video. Developing Traders State of Mind Group Course - Winter, 2023 The emotional brain is built to seek safety in a dangerous world. The world that it was created for has long since disappeared. It developed a hair-trigger to the fight/flight response because that is what was needed for survival. Now, it has been taken out of the jungle (where risk meant danger) and is being asked to act civilized in a world of probability - where risk is not lethal. Without re-training and re-programming the emotional limbic system, this is not going to happen. It is built to react to danger quickly. It was never built to ponder your rules when it is experiencing vulnerability, discomfort, and fear. It was programmed to act from your survival instinct.  Until this is done, your emotional brain will continue to hijack your thinking brain when you feel the discomfort of uncertainty and risk. This is your silent partner. The question is: Are you going to try to continue to pretend it's not part of your trading mind? Or, are you ready to re-program it for the modern world of trading and probability. Fortunately, this can be done. The Developing Traders State of Mind Group Course Teaches You How to Master Reactive Emotions The Group Course has been called a wake-up call by many traders. Most simply have no idea how the brain and mind work to produce performance in the clutch with risk on. You learn here. It's more than a wake-up call - it a door that opens you to a whole new world. You learn how the emotional brain (so focused on survival) needs to be handled to become an effective working partner with the thinking brain. This course is eye-opening. I had no idea how to fix the problems I had with my trading until this course. Learning how to manage emotions is only the start. You learn how to create a mind built to manage uncertainty. Bottom line is that I know longer sabotage myself and have become profitable. I wish I had taken the group course a long time ago. It's a difference maker. SD From the start you learn how to calm survival emotions down before they become big and hijack your trading mind. That's just the first step. The major benefit is that you learn how to create a mind built for trading, rather than survival in the past. This is what has to happen for success in trading. You have been using a brain/mind created for circumstances that no longer exist. What is needed is a brain/mind built for probability management. Where you learn to become comfortable with the discomfort of uncertainty rather than triggering to your survival instinct. This is what every trader, to be successful, has to learn. All those who register now will be enrolled in the Winter 2023 Group Course, which has its 1st Group Meeting in January, 2024. Give yourself lots of time to study, and get started now! The survival Instinct is not going to just go away. It is your partner. Do you want to learn to work with it so that it helps you to become the trader you can be? [Please Click here to register ]( the Group Course. [Please Click here to view a video about the Group Course or for more information.]( The DTSM Group Course teaches the same basic skills that are taught in my individual course, but is only $1195. This can be spread out as five payments of $239/each over a 10-week time period. It's a whole lot of training for a reasonable cost. SPECIAL NOTE REGARDING PAYMENT - PayPal CANNOT be used as a payment method for this Group Course since PayPal does not allow for rebilling. If you have any questions regarding this, please contact Delores at delores@mytradersstateofmind.com     Mindful Trading: Mastering Your Emotions and the Inner Game Author: J. Rande Howell, MEd., LPC If you know how to trade when not in the pressure of trading, but you have not been able to trade live from a calm, detached, and disciplined state of mind, this book will open your eyes. Mindful Trading actually shows you HOW to develop a peak performance state of mind specifically for trading. This book gets in the head of a trader. You will meet a number of real life traders who have overcome self doubt, fear, and impulsiveness. You will see how they overcame self-limiting beliefs and began trading from an empowered state of mind. You will discover your core beliefs that actually trade your system and methodology. And without change at this fundamental level, old self-limiting patterns of thought and belief re-assert themselves shortly after your brain pushes off any "tricks and tips" you learned from self-help seminars. It is this change at the organization of meaning and biology that makes this book so different. A number of disciplines are folded into a unified process that really gets at long term change. Those disciplines include neuro-biology, emotional intelligence, ontological reconstruction of the self, attachment theory and the meaning of the self, and Jungian archetypes. In Mindful Trading, imbedded in self-limiting beliefs, you are carried through a change process that transforms traders mired in mediocrity to a re-organization of the mind for peak performance trading. Mindful Trading is available both as an [Audio book]( a [paper book]( and a [downloadable e-book](. [Read an excerpt from Mindful Trading]( free and you get to look inside a trader's mind) And consider the companion study tool: the  [Mindful Trading Companion]( [e-Workbook!](   Explore a Trader's State of Mind Coaching Relationship with Rande Howell This is a personalized course for the trader who is ready to move beyond being stuck in self limiting beliefs. If you have recognized that it is you that stands in the way of your becoming a more successful trader, then this challenge can become an opportunity for re-invention of yourself as a trader, rather than something to avoid. It's like a door opening to an entirely new world. Great athletes recognize that the mental aspect of their game requires a performance coach for them to reach their potential. Trading is the same. Self-limiting beliefs have to be rooted out and changed - and a peak performance mindset has to be developed. It's all part of the training. Having a methodology that gives you an edge is not enough. You have to develop your mind so that it gives you the psychological edge to use your methodology and platform so that the uncertainty found in trading favors you. This is trading beyond fear. It is trading from a disciplined, impartial, patient, and courageous state of mind. Without emotional regulation training, this can take years (if ever) to achieve on your own. Teasing apart uncertainty from fear is simply something that the brain will not do on its own. The psychology to this has to be developed...or you stay stuck in the same old self-fulfilling prophesies of mediocrity. Do you want to move beyond fear and trade from a calm, detached, and disciplined state of mind?  If you are seriously considering registering for the Individual Course, then [click here to check out a free, no obligation consult with Rande Howell.]( get to see how this powerful technology of the mind can move your trading to the next level. To make this free consult productive for you, I recommend that you first attend one of my free webinars. This will lay down a lot of groundwork so that when you speak with me -- you'll be hitting on all cylinders. Also, reading my book - Mindful Trading - is advised.     [Website]( Book]( & Interviews]( Videos]( rande@mytradersstateofmind.com | [www.tradersstateofmind.com]( [By joining you get to keep connected to this powerful training process for the development of the potential you have as a trader. And if you decide differently, you can always un-subscribe. If you're a student of trading, this newsletter is a powerful tool for your development.]( Empowered Horizons | 1824 Prescott Ct., Iron Station, NC 28080 [Unsubscribe {EMAIL}]( [Update Profile]( | [Constant Contact Data Notice]( Sent by rande@mytradersstateofmind.com powered by [Trusted Email from Constant Contact - Try it FREE today.]( [Try email marketing for free today!](