One of the ways to become deliberate about managing the sounds of your trading environment is first through managing your internal dialogue. This is done by monitoring thoughts in order to identify unsupportive, negative or destructive content stemming from limiting beliefs about self, markets or processes. When you recognize that a previously unconscious negative thought is now asserting itself you should immediately stop what you are doing and change the content and/or the context of the idea. That would change the meaning of that thought so you can go from, “…You were pretty stupid to lose in that trade.” To: “…I’ve made a mistake, I’ll learn from it and then move on.” When you go through this exercise repeatedly you will begin to train your mind/brain to jettison thought-garbage and replace it with thoughts that are supportive and relevant to successful trading.
Here’s something else you could do. Go through your journal (What?!? You don’t keep one? Then start immediately!!) and identify those negative statements or beliefs (“If my stop gets hit I’ll lose” and “If I lose that means that I’m a horrible trader!”) that created an emotion (like fear) and drove a behavior (like moving a stop). Then take that negative statement and change it to be supportive and make an affirmation about it. For instance, I’m so grateful and happy now that I allow my stops to always protect my capital. Then record the affirmation(s), put them on a loop using audacity.com and play them back along with the music and the binaural beats.
The examples above of managing your auditory trading environment create a powerful edge in planning your trades, trading your plans, following all of your rules and keeping all of your commitments. This is among the foundation of your goals and objectives. Designing your sound environment is a key to paving the way to your highest and best inner trader trading in the highest and best interests of self.
Dr Woody Johnson can be contacted on this link: Dr M Woodruff Johnson