Chapter 11: The process of transformation starts with your desire and your willingness to refocus on the object of your desire (self-discipline). However, having desire vs having smallest definable parts "to be a consistent winner." You must trade with an objective identify edges. Defined risk. Accept the Risk or be in cash! Act without hesitation. Pay yourself!

Chapter 11 W: “When our beliefs are completely aligned with our goals or desires, there’s no source of conflicting energy. If there’s no source of conflicting energy, then there’s no source of distracting thoughts, excuses, rationalizations, justifications, or mistakes (conscious or subconscious).” “If there’s anything in your mental environment that’s in conflict with the principles of creating the belief that “I am a consistently successful trader,” then you will need to employ the technique of self-discipline to integrate these principles as a dominant, functioning part of your identity. Once the principles become “who you are,” you will no longer need self-discipline, because the process of “being consistent” will become effortless.” A: Mark gives us so much to think about in Chapter 11. I need to reread it again just to absorb it all 😊 Aligning my beliefs with my goals seems like a natural process, but in fact for me it isn’t. I could really relate when he was talking about getting into running and how he would come up with a million excuses not to go that day, but once he started making it a daily practice it became easier. I find that I do this with trading and it is definitely counterproductive to my goals. Recognizing that I do this is the first step for me and I look forward to implementing his “self-discipline” ideas to stop with my distracting thoughts and excuses and get onto being consistently successful.

W - The process of transformation starts with your desire and your willingness to refocus on the object of your desire (self-discipline). Desire is a force [...] A clear desire aimed squarely at a specific objective is a very powerful tool. You can use the force of your desire to create an entirely new version or dimension to your identity; shift energy between two or more conflicting concepts; or change the context or polarity of your memories from negative to positive. A- I think he wants us to remeber that to start all the things he told in the entirely book, we maybe only need a desire which is big enough. If we are satisfied, we maybe dont change anything, and we maybe dont have the strength to go through all the things we learned. A- I know the conept of a "strong desire" for a very long time. I have heard it many times. If you want to reach something, you have to know why you would like to have it. This is the force which drives you when you have your "bad" days. What is your WHY? Therefore I will work more on my dreambook and will watch it regularly.

Chapter 11 Entry: W - "If you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game. We use market analysis to identify the patterns, define the risk, and determine when to take profits. The trade either works or it doesn't. In any case, we go on to the next trade. It's that simple, but it's certainly not easy. In fact, trading is probably the hardest thing you'll ever attempt to be successful at. That's not because it requires intellect; quite the contrary! But because the more you think you know, the less successful you'll be. Trading is hard because you have to operate in a state of not having to know, even though your analysis may turn out at times to be "perfectly" correct. To operate in a state of not having to know, you have to properly manage your expectations. To properly manage your expectations, you must realign your mental environment so that you believe without a shadow of a doubt in the five fundamental truths." -Mark Douglas A - Mark has distilled in its simplest form the truth about trading: it's pattern recognition, defining risk, and taking profits. The concepts are simple but so difficult to implement in trading because our beliefs interfere with this process and needs to be deactivated in order to accept the ultimate truth of trading that anything can happen and that every moment in the market is unique. A - Thank you Susan for leading the "Trading In The Zone" book club during these past 11 weeks; your leadership has been exemplary. Thank you Ed for your insights into the trading mindset. Thank you all for allowing me to be vulnerable in discussing the good, bad, and the ugly of my trading journey. I have learned so much about myself and it has been a life changing experience which has greatly improved my trading mindset. Wishing all of you the best in your trading journey moving forward. 🙏

Chapter 11 - Thinking Like a Trader W- I AM A CONSISTENT WINNER BECAUSE: 1. I objectively identify my edges. 2. I predefine the risk of every trade. 3. I completely accept the risk or I am willing to let go of the trade. 4. I act on my edges without reservation or hesitation. 5. I pay myself as the market makes money available to me. 6. I continually monitor my susceptibility for making errors. 7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them. A - Mark is giving us the 7 principles of consistency. A- For me; I will be continuing to study, observe and live these principles. I am writing them on a board in my office along with the 5 Fundamental Truths. Like so many great books; it is not enough to read through the material...we have to know it, accept it and live it (IMO)! Talk soon everyone!

Chapter 11 Thinking Like A Trader W- Any Issues in trading can be linked to their own unique movements that varies in complexity and reaction of the move. No one trade can be compared to another because we are dealing with erratic numbers that are very dynamic. The only thing that you can incrementally deal with in the in the market is how much you change your strategy. A- As Mark Douglas was saying in his last chapter you must have tangible goals that can be worked on one small step at a time A- How I am going to apply this is to cut down what I’m focusing on per week. With having less to keep track of I’ll be able to make stronger incremental improvements. Working on bigger goals gives the feeling that you will have bigger results, but you can get slowed down if you’re not making tangible sometimes smaller goals.