Janice Dorn, MD, PhD
Neuropsychological Trading Coach
Janice Dorn, M.D., Ph.D., has been a full-time futures trader since 1994. Doctor Janice holds an M.D. in psychiatry and is board-certified by the American Board of Psychiatry and Neurology in general psychiatry and addiction psychiatry. She holds a Ph.D. in brain anatomy. A graduate of Coach University, she is a pioneer market psychiatrist and financial neurobehaviorist. Doctor Janice has written over 500 articles on the financial markets and coached over 600 traders worldwide. She is the Global Risk Strategist for Ingenieux Wealth Management Group, Sydney, Australia.
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What the mind of man can conceive and believe, it can achieve..Napoleon Hill
Over the years, I have written over 120,000 words of Trading Wisdom for you. This is the last Trading Wisdom, and I want to tell you at the outset how privileged and grateful I am to have had the opportunity to share with you my nearly 70 years of experience, strength and hope–both in and out of the markets. For those who reached out to me, I thank you and hope that I have given you the best of me in order to bring out the best in you. For those who have ridiculed or mocked me, I thank you because you have made me stronger and more determined to show you unconditional positive regard. For the silent masses who read my writing every week, I hope that something I have written has made you a better trader and a better human being.
As my parting gift to you, I want to tell you about the secret to success in the markets. This is something that very few will tell you because honesty is a precious commodity that, all too often, is in short supply. There is always the search for the Holy Grail, the guru du jour, the talking heads, the magical indicator, the greatest and newest trading software, the special formula or technique that will rise up and send you into a "Eureka" moment where you absolutely know that you have found the key to Rebecca. As you well know, none of this is true. The secret to success in the markets and in life is inside of you in your most precious and powerful trading tool--your brain.
Trading success is 100% psychological. It is always about how you think, rather than what you think. You can have the most colorful trading tools, the greatest gurus and the most sophisticated trading programs on the planet and still fail as a trader. The single reason that most people either make it or don't make it as traders is the way they think. This is a psychological game of ping-pong that you play with yourself every day. All trading success is inside of you, and anyone who tells you differently is trying to sell you something and doing you an enormous disservice.
If you want to be successful in any aspect of your life, you must study and model successful people. You must seek out, learn from and model the masters of trading. Books have been written about them, and--if you search and study diligently--you will learn something that will resonate with you. For the most part, they are hidden and seldom seen. But I can assure you that they do exist, and I am blessed to have been coached and mentored by two of them. I took from them what worked for me and made it my own. Even though I did not start trading until I was 56 years old, I knew from my past careers as a brain scientist and a psychiatrist that the way to mastery is to use my brain to model masters. Imitation is a most powerful form of learning. If you want the secrets to success in life and in trading, you must learn to model mastery until you become your own master.
Perhaps the greatest contribution to the concept of modeling the masters came from a book written in 1937 by Napoleon Hill. I will leave you today with a small sample of the secrets to success that he formulated from studying over 700 highly successful people. This is what I did when I first started to trade and what I continue to do every day. There is much more, but this will be a start to put you on the path to success:
- Adopt a definite purpose. Every person that is successful in life has had at least one major definite purpose. If your purpose is to become a great trader, then you must eat, live and breathe that until it becomes totally ingrained in you and etched into your brain.
- Write out a plan that describes in detail how you will fulfill your purpose. Keep working on it and revising it as often as possible. This is your trading plan and it is a work in constant progress. Make notes of everything you do in the markets and study them with rigorous honesty. Never be satisfied--rather keep revising and improving every day based on what you have learned about yourself that day. This is your trading plan and your success roadmap.
- Surround yourself with people that support you unconditionally. There is no room for energy vultures in the life of a successful trader. Ensure that those people are in complete alignment with your purpose and that they inspire you to go from good to great to greatest. Do not ever allow yourself to be brought into the realm of mediocrity by those who want to see you fail and delight in telling you that you don't deserve to succeed or that you will never make it. Rise above this and release it. The opposite of love is not hate–it is indifference. Just say "Next!" and detoxify your relationships.
- Persevere continuously and with discipline, enthusiasm and self-motivation. Learn to trade so that you will have meals for a lifetime, rather than standing around waiting for someone to throw you a fish. Never stop studying, and strive to lean five new things every day.
- Understand that FEAR is false evidence appearing real. Fear is among the most paralyzing and distorting of all emotions. Replace fear with faith in yourself and your definite purpose. Fear and greed are really two sides of the same coin. Both destroy and cripple your authenticity and hinder your ability to move forward as a successful trader.
- In all aspects of your life and trading, practice radical honesty. The greatest lies are the lies we tell ourselves, and they spill over into lies that are told to others until there is a great wall of lies that holds us back from ever getting to our authentic selves. You must find your authenticity in order to be a successful trader and it starts with telling yourself the truth and not being afraid to speak it to others.
- Take magnificent care of your brain and your body. Eat clean, healthy, food and exercise regularly to a sweat. Just as you detoxify relationships so that you are surrounded with positive energy, detoxify your body and your brain. Respect for yourself begins with honoring your body and your mind and removing all harmful thoughts and substances from it.
- Never forget that you are a child of the universe and that the spirit of grace and love flows through you. Connect with the universal force that gives you strength, courage and power to become successful and to create wealth in every aspect of your life.
- Always be in wonder, gratitude and humility for the gifts you receive from the markets and from life.
Patience, persistence and perspiration make an unbeatable combination for success…Napoleon Hill
Until we meet again, I wish each of you everything that you wish for yourself,
Good Trading and Brain On!
Janice Dorn, M.D., Ph.D.
www.thetradingdoctor.com
My new book, Personal Responsibility: THE POWER OF YOU, is here: www.personalresponsibilitybook.com
I will continue to share my market and life wisdom with you at my own site: www.thetradingdoctor.com. I write a monthly newsletter on the Psychiatry and Psychology of Trading, send out Market Updates and Alerts, do webinars and videos and do concierge coaching and mentoring on a highly selective basis. Because of my longstanding relationship with Trending123, I am offering to all members and anyone else who is receiving this Trading Wisdom, a special reduction of 50% off the price of a yearly subscription to all of the services that I offer. The regular yearly price is $239.99 a year, but it is yours for half that price: $119.99. To take advantage of this exclusive offer for all of you who have read my writings and written to me over the years, please go to www.thetradingdoctor.com. Click on Subscribe, and enter Coupon code: trending123. You will automatically receive your 50% discount and have access to all of my writings, reports, newsletters, updates, alerts, and all news on Quantum Supercycle/Big Rollover. Please join me as we continue together on this fantastic journey to success in trading and in life. See you at www.thetradingdoctor.com!
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