The Defeated Trader Syndrome*
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.
The Defeated Trader Syndrome
The Defeated Trader Syndrome is the most catabolic of the energy levels. Being the 1st of the seven levels, it often is where many people default to when stress occurs. Some of the core characteristics are stated below.
Let’s start by identifying some feelings, and thoughts of this level.
- Feeling of guilt, regret or remorse.
- Incapable of succeeding as a trader.
- A sense of avoidance to trade or lack of motivation to trade.
To help you identify this level to yourself, becoming aware of the self-talk we use when we are in this level is helpful. Here are some things you might say when in this level:
- “Why is the market doing this to me?”
- “Every trade is a loser.”
- “Why did I take that trader? I know better.”
- “I should never have taken that trade.”
The action or result of this level might be:
- Feeling bad or a sense of inaction.
These are generalizations of what you might be experiencing, but in general, a lack of motivation and energy is not uncommon in this filter.
If you’ve been trading for any length of time, these feeling or actions are not unfamiliar to you. It is normal to experience these feelings. The trouble occurs when these dictate how you act on a regular basis or how long you stay in this particular level. If you are experiencing these feelings on a regular basis or several times during a trading session, you are probably not working are your best, optimal self. Creating the awareness is the first step to moving forward in your trading and getting more of the results you desire.
In the next posting, we’ll talk about some strategies for moving out of the Defeated Trader’s Syndrome to empowering yourself to making better decisions.
*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.