Use The Power Of Autosuggestion In The Stock Market

Self-Confidence is an essential starting point for any business venture. This is true even more if the company is trading in the stock market because psychology plays such a main role. Keep reading, this may change your life!

About ten years ago, I received a copy with the book  “Think and Grow Rich!” written by Napoleon Hill. Today, I credit most of my success in enterprise (including trading) to this book.

At first applying some of the principles described in this book  appears a bit crazy - for instance reading a Self-Confidence formula along with a Definite Plan aloud every day. But you really have to look at it with an opened mind and believe me (and many peoples who have made millions) this stuff works:

Here can be a brief overview (you really require to get the book):

- First - you must have a burning desire - for a trader this desire should be “to become a consistent winner in the stock market”.

- Second - you need to have a definite goal including the amount you want to make as well as the date by which you want this funds to be in your account.

- Third - You will need a definite plan, or what you will do in exchange for this money.

Here is an illustration of a plan - it can be generic adequate to be applied to most trading styles. Items specific for your style should be added. Your plan should be read aloud first thing in the morning and right before going to bed.

By December 31st 2006, I will make $200,000 dollars with my trading. In return for this funds I will do the following:

- I will follow a trading plan to guide my trading - therefore my job will probably be 1 of patience and discipline

- I will plan each trade carefully - I will not jump into trades by fear of missing out

- I will monitor the market’s current picture

- I will monitor the current picture for each industry

- I will manage my trades to protect my capital and my profits

- I will protect my capital through good funds management

- I will take responsibility for all my actions.

- I will trade to trade well and for that love of trading, not to trade often and not for your money. The funds will come as a result of trading well.

- I will not be influenced by the opinions of others. I will reach my own decisions and follow them.

- I will build the self-trust necessary to operate in an unlimited environment which has no rules.

- I will be rigid in my rules and flexible in my expectations.

- I will never believe that taking funds from the market is easy and I will never assume that I know sufficient.

- I will have no particular expectation when I place a trade because I know that anything can happen.

- I will treat trading as a probability game in which I do not need to know what is going to happen next in order to make cash. All I require to know

is that the odds are in my favor before I put a trade

- I believe that I deserve this money. I believe that I will have this funds in my possession. My faith is so strong that I can now see this money before my eyes. I can touch it with my hands. It’s now awaiting transfer into my account. I am awaiting a plan by which to accumulate this money, and I will follow that plan when it is received.

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