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An Unconventional Approach to Your Trading Mindset

Today I’m going to share an unconventional approach to creating a successful forex trading mindset I employ every day before I hit the buy/sell button. A small confession though – it actually took me a while to realize it was a major ingredient in my success.

The funny thing is, I never read it in any trading book, video or blog. Perhaps it should be – perhaps it needs to be talked about more often, because doing this one thing has changed my mindset in trading and life.

So what is this one unconventional approach I’ve used that’s help to build a successful trading mindset?

lightbulb on fire trading mindset 2ndskiesforex.com

One word – Gratitude

For over a decade, I feel grateful about what I have, regardless of how much I have of it. Since I’ve started to feel this, both my trading and resources have grown every single year.

Now I know you’re probably thinking – how can gratitude help me build a successful trading mindset?

This is a ‘mindset‘ that actually puts you neurologically in a “whole brain state” – a state of balance and optimal performance. This mindset appreciates what you have, understands the value of what is already in your life, and energetically is far superior for your brain and body.

neurological benefits of gratitude and trading 2ndskiesforex.com

But before I get into the “mindset of gratitude“, I want to discuss a mindset I see and hear most traders engaging in.

 

The Mindset of Lacking

This is the complete opposite of the “mindset of gratitude“, as you don’t appreciate what you have. This “mindset of lacking” keeps your focus on the wrong things – what you don’t have, what you need, what you feel you are lacking.

Ask yourself – if you are feeling you have to get back your losses in trading, are you 110% focused on the market in front of you, or when you want to push the button to buy, you end up freezing for worry you’ll lose more?

Ask yourself – if you are thinking you need to make money to pay x, y & z bills, don’t you think this will create more fear when a trade is in the negative, and close it early?

Ask yourself –  if you are not willing to pay for something, but feel the need to just take it, aren’t you saying to yourself that you do not have the energy, skill and resources to manifest it, to pay for it with your own resources?

This “mindset of lacking” creates a negative “self image“, sub-conscious, and belief system that you do not have what it takes to succeed (in trading or in life). It actually creates neural pathways which interfere with trading successfully. This isn’t someone who needs an attitude adjustment, but a ‘gratitude adjustment‘.

 

The Mindset of Gratitude

I certainly didn’t come from much, but I’m completely grateful for what I have now. I feel totally abundant and continue to be more so each year, and feel more so each year, regardless of what I have and don’t have.

In terms of how this helped my trading – I never started my trading day thinking – I have to win this trade to pay this bill, or I need this money to buy this thing, or I have to trade because I’m missing that in my life. Preparation in forex trading is critical, and for me, mindset was where it began.

I traded because I was passionate about it – regardless of how much I had. I never felt like I was ‘lacking’ anything, and this kept my focus on trading and the process – not the money, my bills, or the result.

And I was grateful for it, for the opportunities and resources (material and non-material) I had in my life.

gratitude mindset of successful trading 2ndskiesforex.com

 

So how do I use this mindset of gratitude today?

When I walk into my office, before I look at the price action or ichimoku setups on the charts, I take a moment to be grateful – for the resources, people, and abundance I have in my life.

As soon as I do this, I notice my energy completely changes. I think not about what I need to get back, or what I need to pay for but about what I’m going to build, create and manifest in the markets.

For the last year or so, I now take a portion of my resources, and donate to someone/something/some non-profit organization every day. I am grateful for my abundance, and want to use this to help those in need, whether it’s water, food, shelter, education, or to those that spend most of their time helping others grow.

I am grateful for everything I have, and I hope to have an impact on people’s lives using these resources. Doing this mindset of abundance practice will increase your equity threshold, which is critical for taking your trading to the next level.

gratitude in forex trading 2ndskiesforex.com

 

The Litmus Test

The next time you start your trading day, take 1 minute to think about all the things you feel grateful for in your life, whether it’s resources, people, or opportunities (note: you do get to trade to make money, which is quite an amazing thing). Visualize all the things you feel grateful for and why.

Do this for one minute every day starting today, and notice how you feel when you start trading. Notice how you feel in your life about needing and wanting certain things.

This “mindset of gratitude” is a mindset of abundance practice, and will definitely change your brain, mind and life if you do this practice intensely. Ask yourself what kind of mindset have you been approaching the markets (or life) with every day, and how it has been working out for you. Then ask yourself what would a fundamental change in how you think do for your trading and life.

My guess is, once you start to employ this unconventional gratitude mindset, you’ll see things turn in a direction that you’ll never have to look back on, and your trading will take on a different meaning, focus, and energy.

“Be thankful for what you have; and you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” Oprah Winfrey

 

33 thoughts on “An Unconventional Approach to Your Trading Mindset”

  1. Eric Springer

    Another great article Chris. Thank you for putting thus together. This was very eye opening.

    1. Hola Eric,
      Glad you found this useful and put some key ideas together.
      Kind Regards,
      Chris Capre

  2. This saying I find beautiful :
    “being happy is exactly that desire what you already have”
    For me, this is the perfect summery of your text

  3. Thank you Chris for this article, in relation to trading and life itself, it is really making me think and smile…Gosh I want to give myself a thump actually, what do I be moanin about! Like in the other article I just read, in life too, I definitely focus too much on the target – so much so that I spend most of the time trying to work out how to get there instead of action – the process… I look at my garden, photos from last year versus this year, and wish I could apply that to the rest of life and trading – small steps and section by section has made it look so different (still not perfect but I do look out and admire it so far)..Here I do focus on the process, although I do imagaine the ultimate target but tell myself a garden is a never ending work in progress so enjoy each step. Really great reading thanks again …Gillx

  4. This is a great way to live life by!
    Thank you for integrating those great practices into trading Chris

    1. Hello Polosky,
      Glad you liked it as I’m hoping to offering some nuggets of knowledge – what little i have
      Kind Regards,
      Chris Capre

  5. I totally agree with what you said, but i believ the most important aspect of a trader`s mindest is the trading discipline! without it, you don`t have a mindset! well written piece of forex Chris! keep up the good work!

    1. Hello Andrew,
      Yes, discipline is quite important, but I do not think there is one thing that is the MOST important. I think they are all pillars, and without one or two, the structure and mindset falls. I’ve met many traders with army like discipline, yet they couldn’t become good traders. Why one has to ask? Because they were missing other key aspects of the mindset.
      Discipline by itself is necessary, but not sufficient to build a successful trading mindset. The key point is its necessary, but also not sufficient by itself. But definitely important.
      Kind Regards,
      Chris Capre

  6. Great article . Thanks Chris for sharing your knowledge with us. God bless you with abundance in your life.

  7. First of all feel better Chris.. wishing you speedy recovery and well being. Second, thank you for this gem, you are an awesome resource center. Being cool, calm, collected, and determined requires mental touchness.. and that is achieved from feeling/being complete yet ambitious (not greddy or starving) and creating flow. Your article makes that point beautifully, as gratitude and that good feeling can be a powerful ingredient to cultivate that mindset.

  8. What a marvelous article!!! I just spend a couple of minutes doing it and I realized I had so many things to be grateful about and the energy that it brought me is amazing!! And it should be so obvious to all of us! Thank you so much Chris for opening my eyes about the power of this and for everything that you are doing! I hope one day I myself can be able to help others the way you are doing it! All the best!

    1. Hello Dragosh,
      Am really glad you tried it, and more importantly – came to the realization that you have a lot to be grateful about.
      When you become aware of this, and how it changes your energy is when you see the potency of this.
      So hopefully you will make it a habit.
      Kind Regards,
      Chris Capre

  9. yes, you outlined it very well that mindset of Gratitude must part of your trading success or anyone else. it is not only require for trading but it’s essential for life.
    i would like to thank you that you take your time to write this blog which can touch thousand of ppl. i mean after all this kind of stuffs are secrets of success.

  10. Thank you Chris, everytime that i feel like the world coming down on me and trades are not going by way you have a great article to brighten by day. Kind Regards Ismael

  11. Santosh Kanekar

    It is such a beautiful thought. Chris, your piece last year on mindset of abundance completely changed my outlook to life. This piece has come exactly when I needed it as I have been pre-occupied with the losses in this month. Thanks for this and as usual I always apply what I say and it has always worked for me.

    1. Hello Santosh,
      That is the best compliment – that this article has changed your outlook on life. If you can make this a practice, then the changes will be lifelong, so keep at it.
      Kind Regards,
      Chris Capre

  12. This is simply great lesson for our life not only for trading.
    As you mentioned we always thinking about what we don’t have.
    still I don’t know whether these tips useful to my life and trading.But anyway we should try this because nothing will lose if we fail.
    I’m expecting this kind of “positive thinking lessons or best practices from you”
    thanks

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