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Phase 1 Awareness Forex

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38 views6 pages

Phase 1 Awareness Forex

Uploaded by

unendamichael
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Phase 1: Awareness

(Days 1–7)
Focus: Recognizing and understanding 2. Spot Patterns: You’ll start noticing
fear-based behaviors. repetitive behaviors (e.g., holding onto
Goal: losing trades too long or exiting winners
Phase 1 helps you identify how fear affects too early).
your trading decisions. By becoming aware 3. Understand Physical Reactions:
of these patterns, you’ll stop operating on You’ll connect how emotions like fear
“autopilot” and start taking control of your show up in your body (e.g., racing
mindset. heart, sweaty palms).
4. Break the Habit of Emotional
What Phase 1 Will Achieve:
Trading: Awareness is the first step
1. Recognize Fear Triggers: You’ll identify to breaking the cycle of emotional
the specific thoughts, feelings, or situations decision-making.
that make you trade emotionally (e.g., fear
of loss, fear of missing out).
Daily Breakdown
for Phase 1
Each day in Phase 1 is designed to build your Step 2: Fear Identification (5 Minutes)
self-awareness and track your emotions.
Why: Fear Writing down your fears helps you
1. Morning Routine (15 Minutes) take them out of your mind and see them
Step 1: Deep Breathing (2 Minutes) objectively.
How:
Why: Fear activates your body’s “fight or flight”
Use a journal or notepad to write your fears.
response. Deep breathing calms your nervous
Examples of fears:
system and brings you back to a focused state.
• "I’m afraid of losing money." "I’m scared I’ll
How: fail as a trader."
1. Sit in a quiet space. • "I’m worried about missing the best trade
2. Inhale deeply through your nose for 4 seconds, opportunities."
hold for 4 seconds, and exhale
slowly through your mouth for 6 seconds.
3. Repeat this 5 times.
Step 3: Journaling Prompts (8 1. Morning Routine (15 Minutes)
Minutes) Step 1: Loss Reflection Exercise (7
Minutes)
Why: Reflecting on your fears and
Why: Fear Reviewing your trades helps you
behaviors helps you recognize how
spot patterns in how fear drives your actions.
they influence your decisions.
How:
How:
Choose 3-5 recent trades to analyze.
Answer these prompts in your journal:
Answer these questions:
• "What do I do in trades because
• "Was my decision driven by fear or logic?"
of this fear? (e.g., hold losers, close
• "What opportunities did I miss because of
winners early)."
fear?"
• "How does this fear feel in my
• "What emotions did I feel during this trade?"
body? (e.g., racing heart, tension in
Write down any patterns you notice (e.g., "I
shoulders)."
always hesitate to enter when the market is
volatile").
Step 2: Mindset Reset with Affirmations
(3 Minutes)
Why:Affirmations help replace fear with
confidence
How:
Say this affirmation aloud 5 times:
"Fear is normal, but it doesn’t control me."
Reflect on how it makes you feel and write
down any changes in your mindset.
Additional Notes
for Phase 1
Each day in Phase 1 is designed to build your
self-awareness and track your emotions.

Consistency is Key: Even if it feels repetitive,


stick to the daily exercises. Awareness grows with
practice.
Be Honest: Don’t judge yourself for feeling fear.
The goal is to notice it, not to fight it.

Cheers!
Cliff Cheqona

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