Hello Trader,

Today?s lesson is both interesting and important in that it will serve as a foundation for future lessons on trading psychology.

One of the most important discoveries of the twentieth century psychology was the discovery of the ?self-concept?. The self-concept is the master program of one?s life. It is the bundle of beliefs that you hold about yourself and the world at large. If determines your reality in that you always see the world through a screen of prejudices formed by your belief structure. It is the belief structure that predicts your performance and behavior in every area of your life.

You always act in a manner consistent with your self-concept, consistent with the bundle of beliefs that you have acquired from infancy onward. If you change one of your beliefs at a subconscious level you change your reality.

It is common in trading that two traders given a winning system to trade will often not get the same results. One trader may hesitate and/or hang on to a trade too long or exit before the system will give a exit signal. The other trader may execute the system perfectly and even if he has a few losing trades is able to take it in stride because he can ?see? himself trading successfully and ?believe? in himself that he will be successful.

Till next newsletter, take some time and explore some of your beliefs that you think you have and how those beliefs may effect your trading both positively and negatively.

Good Trading,

Billy W. www.stockoptionsystem.com

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