What Limits You From Trading Profitably?

The Question
I was recently talking with a student in one of my trading courses who is an eager beaver.  They definitely have the desire to trade for a living, but I noticed something of a repeating pattern for them.  They would constantly not trade the system as is, make modifications to it and adjust the risk parameters.

I have often wondered why a developing student who wants to learn how to trade, but hasn’t made it on their own, make all of these decisions which would hurt their trading.

I am certainly guilty of this in my early days, without a doubt.  But like in Archery, I trusted my teacher, and decided to practice the technique he taught me.  Originally, this was not the case, but he told me that when I can shoot consistently and the technique is 2nd nature, then I can bring in my own style.  Until then, I followed his technique.

But the question has been with me for some time, as to why traders like myself (back in the day), or others would make decisions that obstruct them from the goal they so clearly want – to trade profitably and for a living.

The answer to this mercurial piece of the puzzle came together this past July.

piece of the puzzle 2ndskiesforex.com

A Weekend of Training
For about 6 weeks this last summer, I was on vacation in the US visiting family and friends.  But for one weekend, I was in a training that helped me answer some long lasting questions about trading, for myself and my students as to why some do things which hurt the learning process.

The training was a QRA Level 1 intensive.  QRA stands for Quantum Reflex Analysis and it was a weekend where I was pounded with information.  QRA is based on Biophysics, particularly on the work by Fritz-Albert Popp, an award winning physicist with hundreds of publications.

QRA is mostly focused on the healing of physical illnesses, but also works on a psychological/emotional level.

Although I remember many things from the weekend, one moment stood out amongst the rest.

The trainer was talking about someone who had cancer that came to see the Doctor and head of the QRA program.  They were wanting to get cured of their cancer, but the Doctor kept running into strange ‘blocks‘ in trying to help with the healing process.  It dawned on him that the client actually had underlying psychological or limiting beliefs that were interfering with the healing process.

The Answer
Imagine – someone has cancer and they have tried everything to cure it, spending hundreds of thousands of dollars and going through tons of painful treatments and surgeries.  They obviously want to live and want to be free from the disease.  But the whole time, there was something interfering with the healing process – and it was them the entire time.  It turns out they actually had a sub-conscious belief they did not deserve to live, and this program was running in the background the entire time.

light went on 2ndskiesforex.com
Suddenly, the light went on and it all came clear to me – this is what happens to traders who use improper risk management even though they know the math is against them.  This is what happens to traders who don’t trade the system, even though they know it makes money.  This is what happens when;

-a trader jumps in too early, before they get a signal
-or chases a trend when they know they shouldn’t
-trades out of emotion, trying to get losses back when they have no signal
-adds to a losing trade
-gets over-confident and thinks they ‘got it’ after just a few months
-trades way beyond their position sizing
-takes profit before hitting their target
-doesn’t accept their risk and panics, exiting too early only to watch the trade run to their limit
-fails to pull the trigger when they do get a signal

You know the story, because it has happened to you, just as it has happened to me.

Have you ever wondered, why you make the decisions you do, even though you know they are not helpful to your trading?

Is it your fear that overcomes your clarity?  Is it your impatience that overcomes your discipline?  Why do you not prepare for your trading day when you know how challenging trading is?

Whatever it is, it is currently in you, in your psyche and wired into your brain, causing you to repeat many of the patterns that has held you back.

You have known this in some way (hopefully), but it is very possible (and likely) you have a program running in the background, which is interfering with you trading successfully and reaching your goals.

You Mean I Don’t Want to Be Successful?
It is actually possible (like the patient), some part of you does not want to trade successfully.  It is actually possible, some part of you is afraid of being successful, of being wealthy, of being a disciplined trader, of reaching your goals.  If any of these, or many other programs and unconscious beliefs are there, then they will always short circuit your process and efforts to trade profitably.

The good thing is – you can change all this.  The brain has an ability to learn new things.  It has neuro-plasticity, meaning it can be re-wired with amazing flexibility.  You can learn new things at almost any age, you can increase your IQ, you can develop skills regardless of your background and training.  Thus, regardless of what patterns and behaviors are inhibiting you, they can be re-written.

neural wiring learning process 2ndskiesforex.com

I have actually trained in both QRA and ERT (Emotional Repolarization Technique), doing dozens of sessions designed to re-wire my neural connections, to function in a more optimal state, in a whole-brain state, to remove any unconscious programs which would interfere with my trading, along with many other things.

If I could have started my entire trading career over, I would have started with this training from the very beginning.  If I could recommend one thing to build a successful trading mentality, for those having psychological issues interfering with your trading, to combine with your learning process while working with a mentor, it would be this.

Two Questions
With all of that being said, I would like to end with two questions;

If you could watch yourself trade, like an observer, what advice would you give yourself?

and the other…

What would you do, study and train in order to trade successfully?

I hope you enjoyed this article, and that it has brought up some intriguing questions for you.   Please feel free to share, along with your thoughts on the article.

Kind Regards,

Other Related Articles:
Building A Successful Trading Mentality
The Psychology of Money and Your Equity Threshold
Awareness & Negative Habits in Trading

Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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  • Oh my, is it you? One of my favorite persons on the planet?

    • Rick

      I had a session too and it was quite helpful. as am blessed with finances I would gladly make the sessions more intensive. nice article by the way.

      • Hello Ricky,

        Am really glad you liked the session and found it helpful, along with noticing a difference in your finances since then.

        All the best.

  • Boyd Lim

    Nice, time fer a bit of re wiring here…..

  • mel

    You are right!!!!!

    I have this problem! I am living in Germany and something in me dont let me trade my plan. In the morning I prepare my plan which is very very good with all important points where I have to go long or short for the german index dax but then I have a lot of moments where I cannot go in the market and day after day I let 20 points of gain.

    I know that my plan is sucessful but my brain dont let me to go in the market,

    after your article, I want to test it tomorrow, I come to the decision that I have to do it, because if the problem doesn t dissapear then I have to stop my trading and this would be very very sad for me because I know that I can be profitable when I trade my plan!

    Thanks for the article, it is true and I am very sad about me, but trueness is often very rigorous!

  • Shea

    I simply want to mention I really liked you’re web-site. I’m going to bookmark your blog post and join your course as I’m really impressed with all the positive reviews and how students are doing better with your course.

    I’ll be signing up later today but can’t wait to study with you and improve my trading.

  • Baback

    Hi Chris.

    Great article as always. I also watched your webinar about trading mindset couple of times and actually I’m aware now that most of the times I don’t recognize myself as a deserving person to reach my goals. beforehand I found out that I’m afraid of facing the responsibility and all those changes of reaching my goals, so I was hiding behind excuses. these two, resulted in being lazy and not doing what I knew I should… so practically I was paralyzed.
    I found a book that helped me see how I myself was responsible for my misery but what really is changing me is finding these negative beliefs and habits and then going out, walking and talking to myself about them and somehow I’m getting better. I don’t know exactly what happens, but when I analyze the problem in every way I could, and I realize that that particular belief is not really what I want I somehow feel relieved.
    Now this walking ritual is the second thing in the morning.
    sorry it got too long. can you please share your thoughts about this ?
    Thank you and thank you again for your enlightening article.
    sorry it got too long but can you

  • Gill

    Great article! One question I ask myself again and again is why do I make the same mistakes again and again… over and over. I often feel like if I tied my hands behind my back when I go to look at the charts would I do better?

    Your article rang a bell with me cause I do often find myself just givin in and doin a stupid trade out of lack of confidence – with an attitude that ”i’ll probably get it wrong anyway”. When i do my preparation and know what I’m lookin for, obviously I am more confident and care more about what trades I take.

    When I started out, I saw so much written about psychology and said yeah yeah yeah whatever, just show me how to do it and I’ll be grand. Well, later on I sure found that ”how to do it” and ”how to control yourself” are equally important. I have definitely improved but discipline, patience and consistency are my three main problems – I am workin on those now – I start out the week sayin this week i’m goin to practice discipline and ”NOT” deviate from my rules. And in the last few weeks it has paid off.

  • Judy

    I tried it and liked it. Thank you for sharing.

    • Hello Judy,

      Good to hear from you – would love it if you can send me an email on how things are going.
      And also glad you got to take the ERT training my partner and I are working to build more material on it and offer it through the site, so traders can benefit like you did.

      Anyways, look forward to hearing from you and all the best.

      Kind Regards,

  • Richard

    Thank Chris. Unlike many blogs that I’ve found through facebook. This one is actually substantive. Very thorough and well thought out article. Thanks for sharing. I will be sharing with all of my network as well.

    • Hello Richard,

      Thanks for the kind words. I take great pride in my work so hopefully it comes through and is of benefit to others.

      Kind Regards,

  • mark

    Hello Chris

    great article, I think I have had similar problems, I keep getting to a point where I make excellent gains and make fresh highs in my capital at the end of the week, when the start of the next week I seem to trade really badly and I think its something to do with “do I deserve this success!” and “why do I deserve this success” and I think it is fear of wealth?? am not sure? But I will look into the methods mentioned.

    thanks mate


  • luis

    Wow man… this is a very self discovery suggestion, now I know I don’t know anything…
    I was blinded by my ego just because I went to Colledge, had some good jobs, etc…., but I neve thought there was something wrong with me till I found trading so challenging then I had second thoughts. This article is so POWERFUL!!!!, I better start those trainings(QRA, ERT), any suggestions on the budget??
    Thanks AMIGO….

    • Hello Luis,

      Yes, most people do not realize these things till they are faced with them, particularly in trading.

      As to the ERT training for traders, email me for further details.

      Kind Regards,
      Chris Capre