As I close the year out, I go through a ‘clear the year’ process with a mindset group I am part of.
This week we are focused on clearing our perceptions around loss. Its called Side C of the Demartini Method.
In my perception, I had lost profits and as of yesterday, our 5 systems were overall sitting at a drawdown of 6%, despite being profitable overall by about 20 – 30% earlier in the year.
For the sake of this exercise, lets say that I perceived I was missing a $100,000 gross profit.
The first part of the exercise is to identify where I got $100,000 in value this year. The value could be presented in other areas of life – career, relationship, social, health etc.
As I looked in my life to see where my $100k was, I noticed that as I started designing my own systems, that is when the profit disappeared.
And I got so much value from the system design process. Nick and Craig taught me so much, and that alone is worth $100k to me. Knowledge that I can implement for the rest of my life (and profit from).
I also got value from other areas of life too. I developed two new income streams, my husband earned more money than expected and we upgraded our living arrangements. All of these added immense value to our lives.
The next part of the process is to identify and list all the benefits of the new form of $100,000.
For me, one of the biggest benefits of our other income streams was that I appreciated my husband even more. At times I focused so much on trading that I failed to acknowledge the other areas of my life and the other income streams that were contributing to our wealth journey.
The next step of the process is to list the draw backs of the old form of $100,000 profit.
That part was easy.
See, the profits were solely from two chartist systems. As they profited, they became a distraction at times. Plus it gave me unrealistic expectations in relation to the trading journey.
It may sound strange, but I would rather start off unprofitable because it will enable to me to stay in the game long term.
As nice as it would be to make say a 96% return from one the chartist systems in the first year, there are also downsides to making big money so early on in the journey.
Often times, people make big money only to lose it. It also creates a lot of pressure and expectation to perform in the future at the same level.
I’ve shared the ups and downs with my husband and Dad (who both get it), and despite the rollercoaster, they still trust in me enough to invest money in the future (and they as investors in this won’t have unrealistic expectations either).
Anyway, sorry about the lengthy post. It has been a rewarding and fulfilling time learning how to code and trade within this community. Looking forward to continuing the journey.
haha