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Ruth Barron's Roosevelt



Ruth Barrons Roosevelt is a Trading Psychologist who trades. She has a created a series of audio tape sets to help traders achieve peak performance states and get out of psychological slumps. Ray plays these tapes for his own trading. The tapes can be ordered by calling ADEST in Sydney Australia on + 612 9527-4690. E-mail questions to Ruth with our contact page>>

At the root of many trading problems is a sense of scarcity or a lack of belief in the abundance of wealth and opportunity. With abundance we have more than enough. With scarcity we have barely enough or not enough.

Successful traders have confidence that the markets will provide abundant and recurring opportunity and that they can identify and take advantage of those opportunities. The same is true in general of people who are successful in life. Successful people believe that life offers a cornucopia of opportunities and that they can identify and take advantage of some of them.

For them it’s really a matter of selecting which opportunities they will commit to and go after. A look at successful traders and entrepreneurs also shows that they have been able to survive failure as many times as they have had to. They use failure as feedback. They learn from it and make changes and go on. Many super traders have experienced crushing loss in their early trading years. All of them picked themselves up, and with the sure belief that they could make it back, they did just that.

Successful traders are able to ride through periods of draw down easily because they believe the draw down to be only temporary. Their confidence in their methods and their ability and their vision of what the markets can provide reassures them about their future success. Any period of loss is only temporary.

Confronted with a draw down, a trader who comes from lack will stop trading or change methods or systems only to junk the new methods or systems at the next draw down. Of course, I’m not saying a trader should stupidly keep doing what doesn’t work. What I am saying is that a trader with a sense of abundance and a verified methodology won’t crumble under temporary loss because she’ll know she’s simply passing through a difficult time that will end.

I’m not saying you should like loss. Winning traders don’t want to punish themselves, however successful traders don’t dread loss either because they know that whatever happens, they can make it back.

Strangely enough, failure is often a necessary stepping stone to success. Those who are too fearful of failure may never get to the success they long for. Fear can lead us not only away from the thing we fear however also away from the thing we seek. Ironically, fear can also lead us directly into the thing we fear. My thesis is that underneath fear of failure is a sense of scarcity.


Scarcity can freeze a trader and keep her from pulling the trigger when she needs to get into or out of a trade. Can keep her from ever trading. Can keep her researching, researching , researching until her time and money runs out and she still hasn’t traded.

A sense of scarcity is also behind the fear of missing out. When a trader is fearful of missing out, he can overtrade in terms of size and frequency. He can jump the gun on a trade or force trades that don’t fit his criteria.

Enough early or forced trades will ultimately result in loss, thus bringing the very opposite of what the trader intended. Fear of missing out can cause a trader to throw away good money management principles and trade in excessively large size. The end result of overtrading ultimately overtaxes the account and in certain cases actually leads to financial ruination.

Because underlying the fear of missing out is the notion that there are a limited number of opportunities, greed is produced. Greed is based on the panicky feeling that there will not be enough. For the truly greedy person, whether the greed is for food or money, there never will be enough. There can’t be, because if there’s a universal scarcity, how can there be enough?

Have you ever experienced overwhelming remorse for a missed trade or a missed investment? Traders often report that the anxiety and regret of a missed trade is far more painful than a trading loss. At the core of such remorse is the lack of awareness or focus on opportunities yet to come.

A belief in limited resources is also often the cause of a profit ceiling, a wealth cut-off point. I see this with traders who get their accounts up to a certain amount and each time proceed to give it all back. Such traders doubt their worthiness to accumulate wealth. Underneath this thought is the belief that there is not enough to go around. Or that they are unworthy of more than a certain limited amount--what they consider to be their fair share because there isn’t enough.

One way to avoid such a personalised limit is to find a cause you truly care about. Find something larger than yourself and begin tithing your trading profits to this cause. The more you make, the more you can give. The more you give, the more you can make.

In talking about an abundance consciousness, I’m not talking about easy come, easy go. No. That’s the inability to value wealth and let it grow. A spendthrift doesn’t honour the accumulation of wealth. Those who divest themselves of their wealth as soon as they get it don’t see wealth as something good which they deserve.

We need balance. We need to save money and let money flow. We earn. We save. We spend. We invest. We give. We wisely enjoy our money even as we make it grow.

With a sense of abundance we invest and we risk. We can afford to risk—in a calculated and controlled way—because there is more out there.

There is a need here for balance. It’s important to value wealth and value opportunity, not squander them. You don’t want to squander and you don’t want to grasp.

How do you value opportunity? By being alert to it and by taking advantage of it. By selecting carefully. You don’t want to take an opportunity that doesn’t exist and you don’t want grab too much of it either. Nor do you want to treat an opportunity with indifference or casualness. As a trader, you take trading seriously and you trade consistently knowing that the rewards can be even greater than you dreamed.

If, however, you do miss a trade or leave a trade too soon, there’s no need to stress over it. Discover from it and vow to do better in the future as you sustain a optimistic view of your future abundance.

Now, I know it’s easy to focus on lack and poverty and homelessness and the genuine suffering in the world and fail to notice that opportunity is all around us waiting to be discovered and utilised.

But allow me to end this discussion of the necessity to appreciate the abundance that is there for us by briefly reviewing this aspect of the Bible story of Adam and Eve in the richly plentiful Garden of Eden. God had provided for every possible need of Adam and Eve until one day the serpent beguiled Eve by asking her, "Yea, hath God said, Ye shall not eat of every tree of the Garden?" Eve replied, "We may eat of the fruit of the trees of the garden: however of the fruit of the tree which is in the midst of the garden, God hath said, ‘Ye shall not eat of it, neither shall ye touch it lest ye die.’ "

Well, the serpent persuaded Eve to overlook and forget about the plenty she did have and directed her attention to that one tree which was forbidden. Despite all the plenty God had given her, she ate the forbidden fruit and she persuaded Adam to do the same. God threw them out of the Garden of Eden and kept them from ever re-entering the garden. He cursed the ground, so that Adam had to struggle outside the garden with thorns and thistles and to sweat for his bread.

It’s easy to overlook the supply. What one thing do we know about our supply-- the markets? They are there and will continue to be there with plenty of movement and possibility. They provide us with rivers of opportunity. Pay attention to that. Count on it.

Ruth Barrons Roosevelt is a Trading Psychologist who trades. She has a created a series of audio tape sets to help traders achieve peak performance states and get out of psychological slumps. plays these tapes for his own trading. The tapes can be ordered by calling ADEST in Sydney Australia on + 612 9527-4690. E-mail questions to Ruth at our contact page>>


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This is general information not prepared for your specific investment objectives, financial situation or needs. Consult a licenced investment adviser before making investment decisions. Past performance is no guarantee of future performance. There is a risk of loss in trading as well as potential for profit. The opinions and methods you will hear today are from Jake Bernstein. The site is based on past historic data and is about methods and education. Jake Bernstein is a private trader and has much experience in trading. You will be taught his theories and opinions on trading methods. In no way is this intended as financial advice or an invitation to trade. Jake Bernstein is a not a Licensed Financial Services Licensee and therefore does not give investment Advice. He is teaching you his trading methods and that is all. You understand that you have to do your own research once you have learned these methods on your own markets. Jake Bernstein and ADEST make no guarantee about how you will perform using these methods. Jake Bernstein is not licensed to give advice or cause you to deal in a financial product in Australia. Please do not ask him to do so. He will keep to his methods. There will be a Licensed Financial Adviser at the Seminar with whom you can consult with about trading decisions. Do not ask Jake Bernstein for his current or future market opinion or anything to do with your own circumstances.

This seminar does not take into account your individual investment objectives, financial situation or specific needs. Before making an investment or trading decision based on any methodology, the investor or trader, should decide with or without professional Advice whether trading meets your investment objective and suits you psychologically, emotionally and financially. Trading & investing in any instrument ie shares, CFDs, foreign exchange, futures, commodities, have a risk of loss that if left open by market closure or lack of proper protective stop losses could result in a loss of all of your capital or more. Traders and investors are responsible for their own decisions and outcomes. Jake Bernstein is teaching you some methods based on what he sees as good for trading. Trading in any market financial or otherwise is a highly risky exercise and is not suitable for all people. Trading may not suit you. By attending this seminar you accept responsibility for your own trading outcomes and agree to research and test any trading method you learn at the seminar before making any trading decisions or committing risk capital to the market.

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