What Is Psycho-Cybernetics And Why It Is Important For Trader
And No....This Is Not About a Robot trading or Artificial Intelligence thing...Speaking of robot This Is Reminds Me Of One Of Episode In Spongebob Series..
anyways Back To The Topics. (This Is Gonna be a Long Journey & Using TradingView App Is Recommended.)
From Book Psycho-Cybernetics By Maxwell Maltz
Psycho-Cybernetics is the first science of human development – a system of knowledge that will allow you to make accurate, predictable changes in how you think, how you feel, what you do and the amount of success and enjoyment you get out of life.
Cybernetics moved human development out of the realm of wishing, hoping, and undependable You’ll find no wishing and no hoping in Psycho-Cybernetics.
Psycho-Cybernetics has been proven successful by the millions of people who have Psycho-Cybernetics works at a fundamental level, and the changes it produces effects all Cybernetics has many uses for improving life beyond the trading arena.
The more you learn how
to master Psycho-Cybernetics, the more you can expect to:
Psycho-Cybernetics will not produce these changes overnight. It takes time to learn the
new ways of thinking and acting so that they become automatic in your life, but you’ll begin to
experience positive results almost immediately.
Psycho-Cybernetics is easy.
You’ll see that the techniques do not involve willpower or difficult effort.
(Like Do-Nothing Technique In My Recent Post)
The exercises and methods of Psycho-Cybernetics utilize your creative
imagination in a relaxed, playful way.
They’re simple to learn and fun to do, and like any skill, the skill of becoming your best self grows easier with practice.
The science of Cybernetics gives us a very effective way to look at the Human Brain and
Nervous System. Our subconscious mind is actually a goal-seeking Servo-mechanism, in other
words An Automatic Human Guidance System.
Psycho-Cybernetics is the science of this human
guidance system.
This Servo-mechanism has access to everything we have ever seen or done, tasted,
smelled, felt and learned. It is all recorded in our brain. If you provide this servo-mechanism
with a goal, it will automatically produce the means to achieve the goal. So human beings are naturally cybernetic, or goal-seeking beings. It’s the way we are created.
THE IMPORTANCE OF MISTAKES
All automatic guidance systems reach their goals by constantly correcting mistakes. guided missile on its way to its target has sensors that detect when it’s off course.
The guided missile relies on this negative feedback to guide it to its destination.
Without this negative feedback, a guided missile would actually not know where it was going The same is true for the human servo-mechanism.
Discouragement when actually the mistakes we make are exactly the information that our servo- mechanism needs to make the necessary corrections to take us to our goals.
Your servo-mechanism has no opinion one way or the other about mistakes.
An important part of Psycho-Cybernetics is learning to use mistakes creatively and to remove the negative feelings that mistakes cause.
SELF-IMAGE
The destination or goal of a guided missile is a set of coordinates programmed into its
computer.The goals that program our creative servo-mechanism are mental images, mental
pictures, voices and feelings which we create by the use of imagination.
The most basic and
important mental image that we use to program our servo-mechanism is our self-image.
Our self-image is our mental blueprint or mental picture of ourselves. We don’t usually pay attention
to it consciously, but it is there outside of our conscious awareness in great detail.
This self-image is our concept of
“the kind of person I am.”
It is constructed of our
beliefs about ourselves, beliefs that have been unconsciously formed from our past experiences,
our triumphs and failures, our successes and disappointments, and also by our observations of the
way other people reacted to us, especially early in childhood.
From all this raw information we
construct a
“self,” “who we are,”
our self-image. Once an idea or a belief about ourselves
becomes part of this self-image, we accept it as being true. We don’t think to question it so we
act as if it were true.
Our self-image determines our thinking, our feelings, our actions, even
what we think our abilities are. It controls the amount of success, excitement, joy, and
satisfaction we have.
The kind of life we have, even the kind of world we appear to live in, are
determined by our self-image.
Self-image explains why positive thinking is so undependable. It explains why willpower
is so ineffective and difficult to maintain.
Because all the willpower and positive thinking in theworld cannot produce change and success if they don’t match our self-image.
Our self-image is constantly programming our creative mechanism. If your self-image is
that you are a failure, your servo-mechanism will find a way to deliver that result to you.
If your self-image is that you are a victim of circumstance, that will be reflected in your life. If, on the
other hand, your self-image is that you are capable and successful, your creative mechanism will
produce those results.
The science of Psycho-Cybernetics teaches you to change and to create a
self-image that is strong, caring, productive and capable.
A self-image that is realistic and
reasonable, and expresses your best self, your true self.
IMAGINATION – THE TOOL OF CHANGE
You built your current self-image from the vivid and detailed mental pictures and feelings
you’ve experienced in connection with the events of your life, especially in childhood.
And
you’ll use the same powerful tool, your creative imagination, to construct the kind of self-image
that expresses the best of you.
You will use your imagination to create images and feelings of
success, satisfaction, accomplishment and strength, and with these new positive images you will
re-program your servo-mechanism so that it begins to produce results in accordance with your
new self-image.
You’ll learn to use your imagination in a relaxed, playful way, never straining,
never trying too hard.
This process will take time – you didn’t construct your current self-image overnight. But
soon the new programming will begin to take.
You will feel yourself beginning to think, to feel, and to act in accordance with your new
successful image of yourself. Eventually, this new self-image will become second nature,
completely natural and spontaneous, and it will bring you success, satisfaction, enhanced
relationships and happiness quite automatically for the rest of your life.
In Trading if you have a clear picture of yourself as a successful trader, that will
go much farther than you can imagine in getting you to become and remain a successful,
profitable trader.
You will need to learn how to see that picture clearly in your mind. It is the
only way to achieve success.
THE SUCCESS MECHANISM
AND THE FAILURE MECHANISM
We’ve previously discussed the servo-mechanism, the goal seeking mechanism that is
inside of all us.
We know the servo-mechanism works like an electronic computer to help us
reach our goals. But the servo-mechanism can either be a success mechanism or a failure mechanism.
When it is working as a success mechanism, it is helping us to reach the goals we want to
help us improve our lives. As you already know, we use our creative imagination to vividly
picture these goals, and our success mechanism helps us to accomplish these goals.
On the other hand, if we vividly picture the things we are trying to avoid, the troubles we
are having and, in general, our worries, then it only makes sense that we will receive more of the
same negative things in our lives. Like we said a little while ago, our servo-mechanism is
completely impartial.
It takes what we vividly picture and works extremely hard in making those
pictures reality.
If you picture positive goals, it will work like a success mechanism and help you to reach
those goals.
But if you picture negative things (like many people do most of the time), it will
work just as hard at making those negative pictures come true, and that is the failure mechanism
at work.
In
regards to trading, if you are constantly making trading mistakes and not acting in your own best
interest, then it seems obvious that the failure mechanism is at work.
On the other hand, if you
are acting in your own best interest and avoiding most trading mistakes, then it would seem as
equally obvious that your success mechanism is hard at work.
In Psycho-Cybernetics, Dr. Maltz lists the basic principles by which your success
mechanism operates:
FORGIVENESS
One of the biggest problems I see with traders is that they refuse to forgive themselves for
trading mistakes.
This causes a much bigger problem than most people realize. You see, when
you make a trading mistake, you need to forgive yourself for making that mistake.
But the thing is many people do not forgive themselves for their mistakes. In fact, they
do quite the opposite. They beat themselves up and continually picture what they did wrong in
vivid detail.
This is the very worst thing you can do after making a mistake, trading or otherwise.
Forgiveness is a key concept in Psycho-Cybernetics. As we’ve just learned about how
our subconscious works, we know that if we continually picture in vivid detail something, it
causes that picture to come true for us. Or it at least makes it much more likely for it to come
true.
So it only makes sense that if we make a mistake, we must forget that mistake and forgive ourselves completely.
If, on the other hand, we don’t forgive ourselves and relive the mistake in
our minds again and again, what do you think is going to happen?
It’s obvious that we will repeat the mistake.
This happens because our subconscious does
not care whether we give it good or bad information, it simply sees the clear pictures we give it and tries to act it out in our lives.
Obviously, it can only act this picture out if it’s within our capabilities.
And I think we all know that making trading mistakes is quite within our
capabilities.
This is the reason it is so important to forgive ourselves when we make a mistake or an
error.
If we don’t, we are likely to relive the mistake in our minds and then most likely project it
onto our trading. This will cause big problems.
If you think back, I’m sure can you think of times where you made mistakes and beat
yourself up for it. Not forgiving yourself, no matter what the mistake, will bring out the worst emotions.
Remorse, regret, self-doubt, and guilt all come with not forgiving ourselves for a past
mistake.
You’ve heard it all before. I’m sure you’ve been told to forget a past losing trade and
move on to the next one. Emotions are used correctly and appropriately when it applies to
something in the present time.
Since we cannot live in the past, we can’t appropriately react emotionally to the past.
As Dr. Maltz says, “The past can be simply written off, closed, forgotten, insofar as our emotional reactions are concerned."
We do not need to take an emotional position one way or theother regarding detours that might have taken us off course in the past.
The important thing is
our present direction and our present goal. We need to recognize our own errors as mistakes.
Otherwise, we could not correct our course and steering or guidance would be impossible.
But it
is futile and fatal to hate or condemn ourselves for our mistakes.
One of the biggest reasons people get into losing streaks while trading is because they
confuse their losing trades with themselves. In other words, we conclude that because we had a losing trade or a series of losing trades, we are a losing trader.
But the important thing to remember here is we are not our losing trades. Losing trades
are part of trading. There isn’t a single trader in the world who doesn’t have losing trades.
The only way to avoid them is not to trade in the first place. You cannot be a successful trader until you take mistakes and losing trades for what they really are.
They are simply by-products in the
trading game and need to be used to gain learning and understanding. But in no way do they define us as a person.
But that is where the big problem comes in. Many people let their losing trades and
mistakes define them. If they’re having trouble and have had a series of losing trades, they start to think of themselves as a loser.
They continually think of themselves in that way. As we know
from before, this kind of thinking will just bring on more of the same.
Forgiving yourself completely is the only way to avoid this trouble.
You are not your
mistakes and losing trades. You must put the past behind you and go forward. Holding a grudge against yourself only hurts yourself.
Forgive yourself, it’s the only way to be successful.
---END---
Thank For Reading This, Haha, Pretty Long Journey Isn't It?
I hope You Find Something Useful In Here, I Will Upload Again In 2 Weeks (Pretty Busy Times)
Have a Nice Weekend and Wish You Profitable Weeks!! ☺️.
Main Source :
"The Secret To Emotion Free Trading" By Larry Levi
"Psycho-Cybernetics" By Maxwell Maltz
Images :
PngAAA
Spongebob Series
ChaosFissure
Matkraken
MarcSimonetti
Zvyrke
fabianrensch
JPPestServices
anyways Back To The Topics. (This Is Gonna be a Long Journey & Using TradingView App Is Recommended.)
From Book Psycho-Cybernetics By Maxwell Maltz
Psycho-Cybernetics is the first science of human development – a system of knowledge that will allow you to make accurate, predictable changes in how you think, how you feel, what you do and the amount of success and enjoyment you get out of life.
Cybernetics moved human development out of the realm of wishing, hoping, and undependable You’ll find no wishing and no hoping in Psycho-Cybernetics.
Psycho-Cybernetics has been proven successful by the millions of people who have Psycho-Cybernetics works at a fundamental level, and the changes it produces effects all Cybernetics has many uses for improving life beyond the trading arena.
The more you learn how
to master Psycho-Cybernetics, the more you can expect to:
Psycho-Cybernetics will not produce these changes overnight. It takes time to learn the
new ways of thinking and acting so that they become automatic in your life, but you’ll begin to
experience positive results almost immediately.
Psycho-Cybernetics is easy.
You’ll see that the techniques do not involve willpower or difficult effort.
(Like Do-Nothing Technique In My Recent Post)
The exercises and methods of Psycho-Cybernetics utilize your creative
imagination in a relaxed, playful way.
They’re simple to learn and fun to do, and like any skill, the skill of becoming your best self grows easier with practice.
The science of Cybernetics gives us a very effective way to look at the Human Brain and
Nervous System. Our subconscious mind is actually a goal-seeking Servo-mechanism, in other
words An Automatic Human Guidance System.
Psycho-Cybernetics is the science of this human
guidance system.
This Servo-mechanism has access to everything we have ever seen or done, tasted,
smelled, felt and learned. It is all recorded in our brain. If you provide this servo-mechanism
with a goal, it will automatically produce the means to achieve the goal. So human beings are naturally cybernetic, or goal-seeking beings. It’s the way we are created.
THE IMPORTANCE OF MISTAKES
All automatic guidance systems reach their goals by constantly correcting mistakes. guided missile on its way to its target has sensors that detect when it’s off course.
The guided missile relies on this negative feedback to guide it to its destination.
Without this negative feedback, a guided missile would actually not know where it was going The same is true for the human servo-mechanism.
Discouragement when actually the mistakes we make are exactly the information that our servo- mechanism needs to make the necessary corrections to take us to our goals.
Your servo-mechanism has no opinion one way or the other about mistakes.
An important part of Psycho-Cybernetics is learning to use mistakes creatively and to remove the negative feelings that mistakes cause.
SELF-IMAGE
The destination or goal of a guided missile is a set of coordinates programmed into its
computer.The goals that program our creative servo-mechanism are mental images, mental
pictures, voices and feelings which we create by the use of imagination.
The most basic and
important mental image that we use to program our servo-mechanism is our self-image.
Our self-image is our mental blueprint or mental picture of ourselves. We don’t usually pay attention
to it consciously, but it is there outside of our conscious awareness in great detail.
This self-image is our concept of
“the kind of person I am.”
It is constructed of our
beliefs about ourselves, beliefs that have been unconsciously formed from our past experiences,
our triumphs and failures, our successes and disappointments, and also by our observations of the
way other people reacted to us, especially early in childhood.
From all this raw information we
construct a
“self,” “who we are,”
our self-image. Once an idea or a belief about ourselves
becomes part of this self-image, we accept it as being true. We don’t think to question it so we
act as if it were true.
Our self-image determines our thinking, our feelings, our actions, even
what we think our abilities are. It controls the amount of success, excitement, joy, and
satisfaction we have.
The kind of life we have, even the kind of world we appear to live in, are
determined by our self-image.
Self-image explains why positive thinking is so undependable. It explains why willpower
is so ineffective and difficult to maintain.
Because all the willpower and positive thinking in theworld cannot produce change and success if they don’t match our self-image.
Our self-image is constantly programming our creative mechanism. If your self-image is
that you are a failure, your servo-mechanism will find a way to deliver that result to you.
If your self-image is that you are a victim of circumstance, that will be reflected in your life. If, on the
other hand, your self-image is that you are capable and successful, your creative mechanism will
produce those results.
The science of Psycho-Cybernetics teaches you to change and to create a
self-image that is strong, caring, productive and capable.
A self-image that is realistic and
reasonable, and expresses your best self, your true self.
IMAGINATION – THE TOOL OF CHANGE
You built your current self-image from the vivid and detailed mental pictures and feelings
you’ve experienced in connection with the events of your life, especially in childhood.
And
you’ll use the same powerful tool, your creative imagination, to construct the kind of self-image
that expresses the best of you.
You will use your imagination to create images and feelings of
success, satisfaction, accomplishment and strength, and with these new positive images you will
re-program your servo-mechanism so that it begins to produce results in accordance with your
new self-image.
You’ll learn to use your imagination in a relaxed, playful way, never straining,
never trying too hard.
This process will take time – you didn’t construct your current self-image overnight. But
soon the new programming will begin to take.
You will feel yourself beginning to think, to feel, and to act in accordance with your new
successful image of yourself. Eventually, this new self-image will become second nature,
completely natural and spontaneous, and it will bring you success, satisfaction, enhanced
relationships and happiness quite automatically for the rest of your life.
In Trading if you have a clear picture of yourself as a successful trader, that will
go much farther than you can imagine in getting you to become and remain a successful,
profitable trader.
You will need to learn how to see that picture clearly in your mind. It is the
only way to achieve success.
THE SUCCESS MECHANISM
AND THE FAILURE MECHANISM
We’ve previously discussed the servo-mechanism, the goal seeking mechanism that is
inside of all us.
We know the servo-mechanism works like an electronic computer to help us
reach our goals. But the servo-mechanism can either be a success mechanism or a failure mechanism.
When it is working as a success mechanism, it is helping us to reach the goals we want to
help us improve our lives. As you already know, we use our creative imagination to vividly
picture these goals, and our success mechanism helps us to accomplish these goals.
On the other hand, if we vividly picture the things we are trying to avoid, the troubles we
are having and, in general, our worries, then it only makes sense that we will receive more of the
same negative things in our lives. Like we said a little while ago, our servo-mechanism is
completely impartial.
It takes what we vividly picture and works extremely hard in making those
pictures reality.
If you picture positive goals, it will work like a success mechanism and help you to reach
those goals.
But if you picture negative things (like many people do most of the time), it will
work just as hard at making those negative pictures come true, and that is the failure mechanism
at work.
In
regards to trading, if you are constantly making trading mistakes and not acting in your own best
interest, then it seems obvious that the failure mechanism is at work.
On the other hand, if you
are acting in your own best interest and avoiding most trading mistakes, then it would seem as
equally obvious that your success mechanism is hard at work.
In Psycho-Cybernetics, Dr. Maltz lists the basic principles by which your success
mechanism operates:
FORGIVENESS
One of the biggest problems I see with traders is that they refuse to forgive themselves for
trading mistakes.
This causes a much bigger problem than most people realize. You see, when
you make a trading mistake, you need to forgive yourself for making that mistake.
But the thing is many people do not forgive themselves for their mistakes. In fact, they
do quite the opposite. They beat themselves up and continually picture what they did wrong in
vivid detail.
This is the very worst thing you can do after making a mistake, trading or otherwise.
Forgiveness is a key concept in Psycho-Cybernetics. As we’ve just learned about how
our subconscious works, we know that if we continually picture in vivid detail something, it
causes that picture to come true for us. Or it at least makes it much more likely for it to come
true.
So it only makes sense that if we make a mistake, we must forget that mistake and forgive ourselves completely.
If, on the other hand, we don’t forgive ourselves and relive the mistake in
our minds again and again, what do you think is going to happen?
It’s obvious that we will repeat the mistake.
This happens because our subconscious does
not care whether we give it good or bad information, it simply sees the clear pictures we give it and tries to act it out in our lives.
Obviously, it can only act this picture out if it’s within our capabilities.
And I think we all know that making trading mistakes is quite within our
capabilities.
This is the reason it is so important to forgive ourselves when we make a mistake or an
error.
If we don’t, we are likely to relive the mistake in our minds and then most likely project it
onto our trading. This will cause big problems.
If you think back, I’m sure can you think of times where you made mistakes and beat
yourself up for it. Not forgiving yourself, no matter what the mistake, will bring out the worst emotions.
Remorse, regret, self-doubt, and guilt all come with not forgiving ourselves for a past
mistake.
You’ve heard it all before. I’m sure you’ve been told to forget a past losing trade and
move on to the next one. Emotions are used correctly and appropriately when it applies to
something in the present time.
Since we cannot live in the past, we can’t appropriately react emotionally to the past.
As Dr. Maltz says, “The past can be simply written off, closed, forgotten, insofar as our emotional reactions are concerned."
We do not need to take an emotional position one way or theother regarding detours that might have taken us off course in the past.
The important thing is
our present direction and our present goal. We need to recognize our own errors as mistakes.
Otherwise, we could not correct our course and steering or guidance would be impossible.
But it
is futile and fatal to hate or condemn ourselves for our mistakes.
One of the biggest reasons people get into losing streaks while trading is because they
confuse their losing trades with themselves. In other words, we conclude that because we had a losing trade or a series of losing trades, we are a losing trader.
But the important thing to remember here is we are not our losing trades. Losing trades
are part of trading. There isn’t a single trader in the world who doesn’t have losing trades.
The only way to avoid them is not to trade in the first place. You cannot be a successful trader until you take mistakes and losing trades for what they really are.
They are simply by-products in the
trading game and need to be used to gain learning and understanding. But in no way do they define us as a person.
But that is where the big problem comes in. Many people let their losing trades and
mistakes define them. If they’re having trouble and have had a series of losing trades, they start to think of themselves as a loser.
They continually think of themselves in that way. As we know
from before, this kind of thinking will just bring on more of the same.
Forgiving yourself completely is the only way to avoid this trouble.
You are not your
mistakes and losing trades. You must put the past behind you and go forward. Holding a grudge against yourself only hurts yourself.
Forgive yourself, it’s the only way to be successful.
---END---
Thank For Reading This, Haha, Pretty Long Journey Isn't It?
I hope You Find Something Useful In Here, I Will Upload Again In 2 Weeks (Pretty Busy Times)
Have a Nice Weekend and Wish You Profitable Weeks!! ☺️.
Main Source :
"The Secret To Emotion Free Trading" By Larry Levi
"Psycho-Cybernetics" By Maxwell Maltz
Images :
PngAAA
Spongebob Series
ChaosFissure
Matkraken
MarcSimonetti
Zvyrke
fabianrensch
JPPestServices
"The Secret To Emotion Free Trading" By Larry Levin
"Psycho-Cybernetics" By Maxwell Maltz
Both Are Really Great Author And Check His Other Books!!!