Belief Catalogue

  1. Price is prime.
  2. Markets trend.
  3. Fundamental news can move the market.
  4. Choosing the right stock is choosing a proper trading vehicle.
  5. Choosing the right stock is not a trading system.
  6. Some stocks move smoothly. Others gap frequently.
  7. Options can be used to limit risk.
  8. Options increase leverage.
  9. Indicators summarize price action.
  10. Some indicators are more useful than others.
  11. Having a trading system (entry, exit, risk) is an edge in the market.
  12. Understanding my psychology is an edge in the market.
  13. I can be a successful trader.
  14. I have difficulty watching the market minute by minute.
  15. Diversification applies to trading styles as well as markets.
  16. Trading more often can increase my potential return.
  17. I like to be right.
  18. Closing a trade for a profit can make me feel right.
  19. Losing money on a trade can make me feel wrong.
  20. Being right should mean following my rules and trading without mistakes.
  21. Not making mistakes requires having a clearly defined system.
  22. I am smart.
  23. I like streamlining processes.
  24. I don’t like being boxed in.
  25. I am logical.
  26. I can hesitate in making decisions.
  27. I like to analyze situations.
  28. I am a good teacher.
  29. I like being challenged (intellectually).
  30. I am a problem solver.
  31. I am creative.
  32. I am a big picture person.
  33. I also can work in detail.
  34. I am quiet and reserved.
  35. I can also be bold.
  36. Practice makes hard work easier.
  37. Genius is the ability to avoid hard work.
  38. I often come in second place.
  39. I prefer to be int he background.
  40. I like to make things happen.
  41. I don’t like to be forced to do anything.
  42. I can be controlling of others.
  43. I don’t often show emotions.
  44. I tend to sit on the fence, leading or waiting for others to make tough calls.
  45. I am a task oriented person.
  46. I am not a people person, though I enjoy watching and analyzing people’s behaviors.
  47. I can be an excellent trader.
  48. I have trouble cutting my loses short.
  49. I like having options.
  50. I am generally healthy.
  51. I am working towards a consistent exercise routine.
  52. I like myself.
  53. I don’t like it when a trade moves against me.
  54. I have difficulty finishing the last 5%/final details of a project.
  55. I like a relatively high degree of structure and organization in my life.
  56. Structure enables me to do more.
  57. I am good an synthesis/putting things together/ connecting the dots.
  58. I like crunching numbers.
  59. Backtesting can be and often is flawed, but is useful.
  60. I want to be able to trade the market on any day.
  61. I want to be able to walk away from the market for extended periods (travel/vacation).
  62. Fluency as a trader can be developed like fluency in a language.
  63. I will always find what I expect to find.
  64. Articulating details is difficult for me.
  65. I am not afraid to take a stand for my viewpoint.
  66. I like other people who stand up for themselves.
  67. I am competetive.
  68. The world is large enough for there to be many excellent traders.
  69. Trading is a zero-sum game.
  70. I need a deadline in order to complete a task.
  71. I like being useful and doing useful things.
  72. I don’t like wasting time.
  73. I am an efficient person.
  74. Too much information can be overwhelming.
  75. I am the key ingredient in my success.
  76. I am a leader and will step into that role when no one else does in a group.
  77. I enjoy goal-setting and planning.
  78. Having a trading plan will help keep my emotions in check.
  79. I tend to be an early-bird.
  80. I don’t like to miss opportunities.
  81. Routine is boring.
  82. I need a strong base structure in order to be flexible.
  83. Mistakes are opportunities to learn.
  84. Some of these beliefs are more useful than others.
  85. Excellence in what I do is always the desired outcome.
  86. Excellence is not expected on the first attempt.
  87. No one is perfect.
  88. There is always opportunity to improve.
  89. I like trades that move in my direction shortly after I enter.
  90. Bulls and bears make money, but pigs get slaughtered.
  91. As an improviser, I am resistant to developing a detailed plan.
  92. I am an improviser.
  93. Retracements can provide better entries than break outs.
  94. I don’t care as much whether you like me as long as you respect me.
  95. Balance is desireable.
  96. Family issues can interfere with and influence trading results.
  97. Focusing on the process will get better results than focusing on the outcome.
  98. I have talents in many areas.
  99. I have difficulty maintaining focus on any single area.
  100. I do not need to trade often in order to be successful as a trader.
  101. Gaps are areas of support or resistance.
  102. Gaps tend to get filled.
  103. Stock selection can impact trade returns.