It is recommended that anyone who is concerned about getting started in the world of trading start by asking themselves if they know themselves.
Self-knowledge is fundamental, not only in trading, but in life in general. Self-knowledge lets us know what we really want to achieve, which helps us set realistic goals and identify where we are on our journey.
Thus, self-knowledge allows us to know how we are going to act in certain situations and how we are going to perceive and face certain evolutionary changes in our daily life. In short, what we will gain from self-knowledge is to identify our weaknesses and our strengths.
Self-knowledge is part of a long process whose principle could well be to answer the following three questions:
“Who am I?”: This is an existential question that, if throughout our lives we fail to answer, it can become an obstacle when it comes to achieving our goals. This is not an easy question to answer, as our knowledge of ourselves, oddly enough, is limited. It is very possible that the people around us understand certain aspects of our personality better than we do, since our view of many things we do is skewed. Nor does it have fixed answers because people change and evolve. The me today may be different from the me ten years from now. This is why it is important to continually re-evaluate and align our goals with our personality.
“What I want?”: Refers to your goals. It’s important to set realistic goals that you feel satisfied with and can truly commit to. Let’s not fall into the mistake of thinking that this is a question that only young people should ask themselves. Age has no influence when it comes to determining whether we are on the right path or whether we need to implement changes. Einstein said that the most important thing was not to stop asking questions. We live in a technological age of constant changes and challenges that make it not only correct, but also necessary to reflect on ourselves and the immediate future. For this reason, asking ourselves if we are where we want to be, or if we feel fulfilled, allows us to investigate ourselves and perhaps reveals deficiencies or emotional charges that do not allow us to move forward. Feeling good about yourself is a source of emotional stability that translates into physical health.
“Because I want to?: This question refers to values. That is, values will help you set goals based on your own moral code. Aligning the two will give meaning to your goals and allow you to prioritize one over the other. Each person has unique values that never end, they can change, but they never will.
These three questions will help us identify our beliefs that can sometimes be limiting, or they can push us to achieve our goals.
It is on the limiting beliefs that you have to work, because to believe is to create and if a person firmly believes that he cannot do something, most likely he will never do it since this person gives up the fight even before for trying to do it. she wants and everything to live linked to a series of axioms and dogmas that do not allow us to live beyond what she is used to. To live a full life is to get rid of certain dogmas that condemn us to repeating a monotonous and poor reality that we do not really want.
“Many failures in life are due to people not realizing how close to success they were when they gave up” Thomas A Edison.
Reprogramming these limiting beliefs is not an easy task, but we can do some exercises that can help us.
1.- Imagine that you achieve what you want. Create a fantasy where your current self meets the self you want to become. Look at yourself having achieved what you want and feel the feeling of fullness and well-being that this generates in you.
2.- Ask yourself about your limiting beliefs. Dare to question yourself about what limits you. For example, ask yourself this question and try to answer it: is this belief still true?
3.- Find out where the belief comes from. Many times, limiting beliefs have their origins in people’s childhood. They may be based on something we were told, or perhaps heard told, by our parents or another figure relevant to us at the time. It is time to reassess this belief, that we may have even heard it out of context or may not have understood it to its full extent.
4.- Flexibility. The more rigid and strong a belief, the less adaptable we are to our environment. As I have already mentioned, we live in a time of dizzying changes to which we must be able to adapt as quickly as possible.
In short, self-knowledge can be the first tool to be developed by a future trader. Knowing our weaknesses to work on them and our strengths to exploit them to our advantage.