Cheri Tree

17/06/2023

09/06/2023

Going broke made me so fearful of spending money.

Let’s talk about money mindset…

When I started trading, I remember my mentors would always drill into us that trading is 80% psychology, 20% skill.

I would sit on the computer for 10-12 hours a day studying everything I could about trading strategies, indicators, risk management etc but no matter how much I studied and practiced, I couldn’t turn a profit.

And then one day it dawned on me…

If trading is 80% psychology, then why am I spending 80% of my time on the skill…

My losses all came down to a fear of losing the last money that I had.

So I decided to work on that.

Fast forward… nailed that & then one day I was talking to my coach who mentioned that every time I am on a zoom my computer is slow & that I should upgrade.

I told him, “but this one still technically works and now I respect money so much that I don’t spend it on things I don’t actually need”.

He challenged me on that and asked if I now had a fear of spending money. He said, “what’s the point in making money if you don’t enjoy it or won’t even buy something that will help make your business run smoother?”

So I realised I had acquired a new limiting belief around money - if I spend it, I don’t respect it.

So I decided to respect it… at Louis Vuitton… with my crypto card that made me feel like I wasn’t even spending real money because my card allowed me to spend my crypto profits.

I consider myself cured!

25/05/2023

If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist

25/05/2023

“In trading/investing, it's not about how much you make but rather how much you don't lose.