It’s taken a long time in my trading journey to reach a point where I can let things go.

Letting go of setups that don’t quite fit my trading plan – they can be for someone else.
Letting go of needing to know what the markets are doing at all times – that can also be for someone else.
Letting go of missed trades, especially the ones that give the final sign of completion during the night session that I didn’t get to take.

But I’ve come to see that letting go isn’t giving up – it’s control. More specifically, it’s emotional control. And that’s the one thing we can have full authority over.

It’s also one of the hardest things to teach, and possibly even harder to learn.

Our thoughts dictate our emotions, and the events around us influence how we feel. But we can guide our thoughts. When something happens – good or bad – we can choose the meaning we assign to it. We can look for an interpretation that creates a constructive emotional response rather than a destructive one.

Negative events are inevitable. The degree of negativity will vary, but the responsibility is always ours to frame it in a way that serves us.

Some would call this manifestation.

In Ask and It Is Given, the author repeats a powerful idea: how you feel is your point of attraction. It took me a few listens for that concept to really sink in.

It’s interesting to reflect on that in trading.

If you constantly feel like you’re the one who gets stopped out before the big run…
If the trades you take seem to be the losers…
If you have wins but somehow end up financially back where you started…

Is that your “point of attraction”?

The author suggests you don’t have to be abundant to receive abundance – but you do have to feel abundant first.

Apparently, the universe doesn’t distinguish between a feeling you deliberately create and one that naturally occurs. If that’s true, then we have more control than we think. If you can generate the feeling intentionally, that becomes your new point of attraction.

One exercise I like is simple: put $100 cash in your wallet. Then mentally spend that $100 as many times as you can in a day. Experience the feeling of spending freely – without actually spending it. Once that feels normal, increase it to $200. Over time, you’ve “spent” millions… emotionally, and this raises your point of attraction because you are conditioning to the feeling.

Shift the internal state first, and the external begins to follow.

One market that I’ve been following of late is the Aussie Dollar. There’s potential for a strong trend to kick off again. My bias is to the downside, possibly starting mid to late March — but I’m completely open to it being higher.

Either way, it doesn’t really matter. If a setup presents that fits my analysis plan, I’ll take the trade. If it doesn’t – I’ll let it go.

Happy Trading,

Gus