The Empowered Trader by Mark Fechner

Learning to Respond to the Market, not just React

Looking at the World Through Rose Colored Filters?

with 4 comments

As I said in the inaugural posting, the focus of this blog will be to understand your trading decisions in the market and their affect on your trading results.  One of the things I’ve learned in my coaching practice is that if you’re not aware of an issue, you can’t acknowledge it and if you don’t acknowledge, you certainly can’t change. (I know that sounds like Dr. Phil but it’s not, trust me.) The beginning of awareness is education. The next several postings in this series will be dedicated to education.  The focus will be learning about seven filters* or states of mind that collectively act like a lens we naturally use when we make decisions. Let’s talk about the nature of these filters.

We daily make thousands of judgment calls, or decisions, on a variety of topics.  Some of these decisions are trivial, like what to eat for breakfast, to highly significant like how much money to invest in market.  The weight of the decisions may change but the lens is the same.  The lens can constrict or expand the options available to us for the decisions we make.

We use this lens unaware that we’re doing so and even less aware of how it constricts or expands our view of the world. The lens is developed over a life time based on our experiences, assumptions, interpretations and belief systems.  The filters or syndromes that make up this lens are not inherently good or bad, but they have characteristics that are positive and negative.

As we go though our day, we unconsciously cycle through these filters on a regular basis.  So the question becomes, what if we created such an awareness of our state of mind that we knew what filter we were using at any moment?  And by having that awareness, we could choose a different filter, effectively changing your perspective of a decision?  What if changing your perspective was the difference between a winning or a losing trade?

The beginning of changing your trading decisions is being aware of what filter you are using right now, in the heat of the moment. This is the outline for the next several postings.  Over the coming weeks we will:

  • Learn about these seven different filters,
  • Learn the characteristics of these filters,
  • Learn how they effect our decision process,
  • Create an awareness in the moment when you are using a particular filter,
  • Create some strategies on how to change the those filters and, essentially, change the options available to you.

I am very excited to put this material together and to share it with you.  I welcome your thoughts and comments .  Our next posting will be the introduction of the filters, the first one being The Defeated Trader Syndrome.


*The educational material contained is gratefully adapted from the training received at the Institute for Professional Excellence in Coaching (iPEC), its founder Bruce D Schneider, and his bestselling book Energy Leadership.


Written by etradingcoach

August 14, 2013 at 9:34 am

4 Responses

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  1. […] As we stated in a previous posting, we’re going to get started in learning about these different filters by examining the first one that I call the Defeated Trader Syndrome*. As I stated before, these filters are neither good nor bad but they do have positive and negative qualities, similar to the positive and negative quality of electricity. They can be ranked from 1 as most catabolic, negative, to 7 as most anabolic, positive. We use all 7 filters on a daily basis, usually unconsciously, and they help us make decisions on a variety of subjects and situations. […]

    • So far, I really like your postings (I’ve read 2). Very informative but concise and not too long winded.jc

      Jim Campbell

      November 27, 2013 at 6:27 pm

      • Hey Jim, thank you for commenting and noticing that these postings short and concise. One of my pet peeves are blog postings that read like epic novels. If I can’t say it in 500 words, than either I shouldn’t be saying it or I need to take another editing pass. I may not be the most prolific blogger, but I’d like to think there is some real content when I do post. Thanks again for reading.



        November 27, 2013 at 8:04 pm

  2. […] Both of these filters have been very catabolic, or have negative energy, associated with them. Remember, the 7 different levels are neither positive nor negative but they have a negative or posit…. With our next level, the Good Enough Trader, we are starting to enter the more anabolic or […]

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