Hi Trader,

In our last newsletter, I shared with you some aspects of trading psychology and what a ?self-concept? is. I also asked you to explore some of the beliefs you may have in your life and how it can affect different parts of your life and how it could possibly affect your success in trading.

Today, I want to expand on this aspect a little more.

Each of us has been programmed to walk, talk, think, and act the way we do today. You cannot think, feel or behave any differently on the outside unless you change your master program or your self-concept on the ?inside?.

Basically, you are where you are and what you are because of what you believe yourself to be. Whether your rich or poor, happy or unhappy, fat or thin, successful or unsuccessful, your beliefs make you this way.

If you have a negative belief or thought about a certain aspect of your life then it will be expressed in negative attitudes about that aspect of your life.

In the newsletter where I mentioned Ed Seykota?s observation of a trader that would self-destruct after building his trading capital up to $250,000, what do think his self-concept was revealing about himself? Maybe he had a fear of success? Maybe that he couldn?t get his family?s attention and love without a tragedy? Maybe he couldn?t see himself with that much money and making dumb trades and losing it was his way of not dealing with it? This is common with winners of the lotteries. Winners often blow their money within a few years because they can?t see themselves as rich on a deep fundamental level.

Fortunately, a person can change their self-concept to be self-empowering instead of self-limiting. In the newsletters to come I will explore some other concepts with you and how a person can improve their beliefs as well.

Good Trading,

Billy W. www.stockoptionsystem.com

3828 West Davis Ste. 308-108 Conroe, TX 77304