Welz’s Approach
Welz utilizes subconscious and hypnosis techniques to work on traders’ brains, establishing trust and embedding necessary competencies in subconscious regions. Despite the unconventional approach, Welz has a track record of helping individuals conquer fears and obstacles, leading to sporting victories and financial success. He emphasizes the importance of understanding and overcoming unique mental barriers for achieving success in trading. Trading discipline involves modifying behavior, overcoming mental resistance, and integrating investment knowledge with mental capabilities. Welz warns against focusing solely on technical aspects, stressing the significance of addressing emotional factors in trading. He believes that with willingness and self-improvement, anyone can become a successful trader.
In order to comprehend Welz’s approach, it is imperative to grasp the all-encompassing role of psychology and the brain. While the concept that psychology is crucial to the stock market is not groundbreaking, Welz firmly believes that trading is entirely dependent on psychology. Without a functioning psyche, our ability to assess financial risk and identify trends would be nonexistent. Welz asserts, “No brain, no stock market trading.”
Therefore, mental fortitude is absolutely essential for achieving success in trading. Moreover, approximately 95% of our actions are driven by our subconscious, leading us to replicate our behaviors repeatedly. Unfortunately, this often results in repeating incorrect or even disastrous courses of action.
To support this argument, Welz cites a study involving 120 traders who were provided with a system that had statistically proven its value in 19 out of the previous 20 years. However, after a year of testing, it became evident that 119 of these traders failed with the system due to their mental inclinations leading them astray. All but one trader possessed flawed mental processes.
Welz emphasizes, “Success originates from the mind.” While the system itself was sound, the attitudes and psychology with which the traders implemented it were not.
The majority of traders, who are predominantly men, often underestimate the significance of psychology. They believe that being coldly rational, well-informed, and experienced are the key factors. However, according to Welz, rationality, information, and experience are futile if the brain is not appropriately programmed and attuned. Therefore, what can be done to ensure that our minds and subconscious act in a suitable manner?
