Bill Williams Trading Chaos Applying Expert Techniques To Maximize Your Profits
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GOAL: TO UNDERSTAND THE PERSONAL BELIEF
SYSTEMS AND PERSONAL TRADING PROGRAMS WE CARRY WITH US TO THE MARKET AND TO LEARN HOW TO INTEGRATE THEM WITH THE UNDERLYING STRUCTURE OF THE STOCK MARKET
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You are now approaching the pinnacle of trading, where almost everything you do increases your growth, satisfaction, profit, and happiness. You have traveled a road experienced by very few ordinary citizens and less than 1 percent of all traders. You have examined and now understand the underlying structure of the market. That knowledge enables you to become consistently profitable. You have analyzed your own underlying and usually unseen structure. By aligning your own underlying structure with that of the market, you can make consistent winning the path of least resistance.

In this chapter, you are trading your own states of mind. This Olympic level of trading shares many characteristics with champions in any endeavor, including sports. Remember how Michael Jordan would take a foul shot? He would look first at the basket, then down at the floor while he bounced the basketball three times. Why always three times and never four or two? That was his way of letting go of his left hemisphere and having his core and right hemisphere take over. He had learned years before how to make a foul shot. His job at the four line was to not get in his own way.

In trading, as in sports, your brain is not always your friend. If you are on the 18th hole in a golf tournament and need to make an eight-foot putt to win, is your brain your friend? No. It almost always gets in your way. That's why Jack Nicklaus always does four dry putts. He knows how to putt, and he is not aiming at the hole. His job at this point is to get his left hemisphere out of the way.

Michael Jordan and Jack Nicklaus spent years learning to make, respectively, a perfect foul shot and a perfect putt. Their job is to deliver now, and they can do that best by getting the idiot brain out of the way and letting the more intelligent brain do the job it was biologically designed to do.

To examine this at a deeper level, we must go inside our unconscious belief systems. They become our paradigms or the lenses through which we view the world. To examine our own personal worldviews, we must look at reality and our concept of reality.

 
 

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