Transforming Your Money Blueprint for Trading

Trading success is not solely dictated by technical analysis, market trends, or just plain ole luck, in fact luck has nothing to do with success of any kind. A crucial yet often overlooked factor is our Money Blueprint.

Our blueprint is so deeply ingrained in our subconscious, our money blueprint shapes our financial decisions throughout life and impacts our trading outcomes. We will explore what a Money Blueprint is, how it is formed, the difference between a lack and an abundant money blueprint and finally how a lack money blueprint impacts our trading, and then provide some strategies to transform it.

A money blueprint is a set of subconscious beliefs and attitudes towards money that dictate how you handle your finances. These beliefs form a conscious framework that influences your earning potential, spending habits, investment decisions, and overall financial success. In the context of trading, your money blueprint can significantly impact your trading strategies, risk tolerance, and emotional responses to market fluctuations.

Your money blueprint is predominately shaped during your formative years through:

1. Parental Influence: The financial habits, attitudes, and behaviours of your parents or primary caregivers plays a crucial role in shaping your money blueprint. Observing how they handled money, whether they are frugal or spendthrift, risk-averse or risk-tolerant. Also hearing how they spoke about money such as money doesn’t grow on trees, money is hard to come by. All this lays the foundation for your financial beliefs.
2. Cultural and Societal Conditioning: The societal norms and cultural values around money further influence your money blueprint. Media, education, and social interactions all contribute to your understanding and attitudes towards money.
3. Personal Experiences: Significant financial experiences, such as periods of abundance or scarcity, successes or failures in investments, and even witnessing economic downturns, reinforce your money blueprint.

Who sits in front of your screen when you’re trading?

Your adult self or your younger self who still feels trading is not working hard for the money, being financially wealthy is being greedy or she/he does not deserve to be successful. What’s your truth?

What deeply ingrained beliefs does your younger self still hold that sit inside you that’s holding your adult self-back from trading success?
Don’t dismiss or ignore that your younger self has more power over the actions and behaviours of our adult self!

A lack money blueprint is characterized by a scarcity belief, where there is a persistent fear of not having enough money. This feeling often leads to behaviours such as:

• Risk Aversion: Reluctance to take risks or invest in opportunities due to fear of loss.
• Self-Sabotage: Making decisions that undermine financial success, often unconsciously.
• Stress and Anxiousness: Constant worry about money, that can cause a sense of urgency/desperation, leading to poor decision-making and health issues.

On the other hand, an abundant money blueprint is marked by a belief of plenty, where there is confidence in the availability of resources. This feeling encourages:

• Risk Tolerance: Willingness to take calculated risks and seize opportunities.
• Proactive Financial Management: Making informed and strategic financial decisions.
• Positive Attitude: Reduced stress and a healthier relationship with money.

For traders, a lack money blueprint can have profound negative impacts on your trading:

1. Fear-Driven Decisions: Traders with a lack blueprint may panic during market dips, leading to hasty decisions like selling off assets at a loss instead of holding or buying more at lower prices.
2. Missed Opportunities: Fear of loss may prevent traders from entering potentially profitable trades, causing them to miss out on significant gains.
3. Overtrading: To compensate for perceived scarcity, traders may engage in overtrading, leading to increased transaction fees and potential losses.
4. Emotional Volatility: Constant worry about money can result in emotional trading, where decisions are driven by fear or greed rather than sound analysis.

Deep-Seated Reasons for a Lack Money Blueprint

Understanding the root causes of a lack money blueprint requires delving into deeper emotional layers:

1. Childhood Conditioning: Negative financial experiences or witnessing financial struggles during childhood can create deep-seated fears about money.
2. Trauma: Financial trauma, such as losing a job, going bankrupt, or experiencing significant market losses, can reinforce scarcity.
3. Limiting Beliefs: Deep-rooted beliefs such as “Money is the root of all evil” or “I am not good with money” can severely limit financial success.
4. Self-Worth Issues: A lack of self-worth or low self-esteem can translate into feelings of unworthiness regarding financial abundance.

Transforming Your Money Blueprint

Transforming a lack money blueprint into an abundant one requires a holistic approach that addresses both the subconscious emotions and the conscious behaviours:

1. Emotional Healing: Address and heal any personal and financial traumas or limiting beliefs through, coaching, self-growth techniques or therapy. Emotional freedom techniques (EFT) and holistic cognitive-behavioural therapy (HCBT) can be particularly useful.
2. Awareness and Mindfulness: Begin by becoming aware of your money beliefs and how they influence your trading decisions. Mindfulness practices such as meditation can assist in recognising and shifting negative thought patterns.
3. Positive Financial Habits: Cultivate habits that reflect an abundant mindset, such as saving, investing, and budgeting effectively. Celebrate small financial successes to reinforce positive behaviours.
4. Education and Knowledge: Increase your financial literacy and knowledge of cryptocurrency markets. Knowledge reduces fear and empowers you to make informed decisions.
5. Surround Yourself with Positivity: Engage with communities and individuals who have an abundant attitude. Their positive influence can assist you to shift your own beliefs and attitudes towards money.

Your money blueprint plays a pivotal role in your success as a trader. By acknowledging, healing and transforming a lack money blueprint into an abundant one, you can enhance your trading performance, make better financial decisions, and achieve greater financial well-being.

This holistic approach not only improves your trading outcomes however also builds a healthier relationship with money, paving the way for long-term trading success. Remember, the journey to an abundant money blueprint takes time it’s ongoing and requires consistent commitment and effort, self-reflection, and a willingness to change deeply ingrained beliefs.

Coach Cat, TTC’s dedicated Mindset Coach, specialises in supporting members to conquer mindset challenges and emotional barriers, including money blocks, reducing FOMO, improving discipline, and managing emotional trading for long-term success. To schedule a personalised 1:1 session with Coach Cat, click here to book your appointment.