Trader Training – 2 Key Trading “Best Practices”
Brian here with 2 extremely critical “Best Practices” for traders that you really
must not neglect, or your trading will suffer.
In my Quality Engineering days, we always sought to establish Best Practices wherever possible because it had a measurable effect on the bottom line, plus numerous other aspects of the business.
Now in trading there are Best Practices which will definitely benefit you and if you neglect them, your performance and your results are almost certain to suffer.
The First Best Practice
Highly successful businesses don’t just ‘happen’ by accident or by themselves.
…and you do want a highly successful trading business, right?
I mean you’re not in this for mediocrity or just something to do, are you?
No, you want a trading business that is consistent and most of all RELIABLE.
You want the security of knowing that your trading business can be counted on to provide both right now and for the future.
Again, reliable businesses don’t just happen, but the reason the so many traders never get anywhere, let alone taking it to that level where it IS reliable is this:
- they make the mistake of thinking that if they can just get making some money, then somehow everything will fall into place.
Where things go wrong
So many traders wind up too busy doing the thing of the business to ever take it to that next level, and just stay in kind of that ’scrambling to make money this month’ mode.
This is how businesses that ‘just survive’ get built and the owners usually do NOT enjoy the lifestyle that they want.
They are not making nearly as much money as they’d like, and
They do NOT have the security in their business that they want.
The other (and more common) result is that the business struggles and dies, usually in a matter of months, simply because of the resources that get wasted instead of contributing to the bottom line.
So the solution is to implement the first Best Practice: taking time to work “on the business”, not just “in it”.
This is most crucial AT THE VERY BEGINNING of the venture with the most important business asset – your Business Plan.
Once that is in place, then taking time periodically to again work “on the business” and not just in it, is so vital to making it what you really want.
The Second Best Practice
Because you are the decision-maker and center of your trading business, how well you perform has a direct impact on how good your results are, so…
You need to live by the second Best Practice: making the time to take care of yourself – this means several things.
1. Take the time to exercise. Taking a walk or jogging or anything that gets you away from ‘work’ and does your body good will also benefit you in your trading.
2. Take time to detach and get some R & R. It is vital to efficient and effective trading for you to take time completely away from trading. A full 24-hour break, meaning completely stepping away from it, will do you worlds of good.
3. Get enough sleep – how can you expect to trade at your best if you are shorting yourself necessary sleep? You can’t, so make sure you get enough to feel rested.
4. Mind what you eat. Certain foods will agree with you and others might taste good, but don’t serve you well. On trading days, eat what helps you feel good and sharp.
Summing it up – and more…
Your trading is your business and it directly depends on you the trader.
Put these Best Practices into place and make them practices.
Remember to work “on your business”, take care of yourself, and make sure that you have a Business Plan.
For more on Treating Your Trading As a Business,
Click here to watch the video, “Trading As Your Business”
Click here to take the “Trading As Your Business” Quiz and see how you’re doing
Enjoy!
Cheers
Brian
“The Trading Turnaround Coach”
P.S. Neglecting these Best Practices causes many traders to suffer un-necessarily.
Don’t let it happen to you! Watch the video and / or take the quiz and make your trading business the RELIABLE one you want it to be!
Trading Psychology Video From A Trading Veteran w Over 15 Years In
I’ve got a worthwhile video for you to watch from a good friend and colleague of mine.
Here’s his message before you watch it,
When dealing with literally thousands of clients over the past 15 years, I’ve noticed this is one common theme that they all have had to learn to accept and overcome.
This even applies to folks who’ve been trading for several years.
To hopefully save you some time on this vital topic, I decided to create a 9 minute video for you explaining one thing that will have you trading better than you have had in years.
I have personally coached thousands of clients in over 200 countries and in this video I am going to shatter a common misconception that separates the “real traders” from those that continue to struggle despite all efforts to the contrary.
“From a Ditch to a Mansion Thanks to Trading”
This is not your run-of-the-mill “dry” boring video. And it’s not a sales video. It’s pure content that will give you some insight that you can use right away and share with you some of my own mistakes and history as well.
If you’re not getting the results you’d like to experience in trading, you’ll likely discover why by watching this video could help turn it around ASAP and could shave years off how long it will take you to finally be successful like no other.
Limit Your Emotions and Follow Your Plan,
Todd Brown
Head Trader
“Empowering traders worldwide for over a decade and a half”
Have a great weekend!
Cheers
Brian
“The Trading Turnaround Coach”
Does Treating Your Trading As A Business Give Tangible Results?
It’s unanimous!
100% of the answers that have come in agree:
EVERYONE believes that the wisdom “Treat Your Trading As A Business” has tangible and measureable benefits.
And of course, it only makes sense because it means much more than just being serious about making a profit. It is about taking a calculated and knowing approach to the whole endeavor.
It’s about doing those things that MAKE IT a real business, and more importantly a measureably consistent and reliable business.
But how well are YOU doing when it comes to treating YOUR trading as a business?
Are you doing the things that you should be doing, or are you missing some of the specific matters that mean the difference between continued disappointment and success?
Find out right now!
Cheers
Brian
“The Trading Turnaround Coach”
P.S. The quiz is anonymous and there’s no sign up or cost. If you DON’T take it, then you may be missing out on those 1 or 2 items that could make that difference that you’ve been looking for.
Trader Training Quiz – Trading For Your Independence
This weekend the United States celebrates over 200 years of Independence which is pretty cool.
As a matter of fact the #1 reason that people choose to trade in the first place is for Independence, the personal and financial freedom to live life on your own terms.
To help you determine how you’re coming along,
Click here to take the Trading Independence Quiz
Cheers
Brian
“The Trading Turnaround Coach”
P.S. The quiz is anonymous and there’s no sign up or cost. If you DON’T take it, then you may miss out on something that would make your life easier right now. 
P.P.S. Make sure that you’re giving your best effort and doing it as right as you possibly can.
Click here to take the Trading Independence Quiz
Trading Psychology – Trader Services Holiday Special
This weekend will be special over and above being a holiday weekend (Memorial Day is Monday here in the States) for a handful of traders.
Here’s the story…
Every week I get emails from all kinds of traders asking for my help because they are having trouble with one or more problems in their trading right now, such as:
- Self-sabotage or other psychological issues. Some traders are looking for someone to talk with to sort out why they are sabotaging themselves because they are tired of regularly handing back all their profits to the markets
- Consistency could be better. Some are doing okay with their trading, but they know that they could be doing better and want help with a particular matter, such as getting their trading system clearly documented and tweaked to help improve their consistency
- Need direction, focus, organization. Yet others are tired of jumping around from one system to another and know that they need help gaining clear direction for their trading because they know that they’ve been wasting way too much time, money and effort without progress, so they look for me to help them get organized and focused
Well this weekend, if you are one of the lucky traders that qualify,
…you are going to get the personal service and help that you want PLUS the chance to SAVE some serious bucks.
Now why do I say “that qualify”?
Because of the demand for my services, I am selective about who I work with.
If you’d like to be in the running for my personal help and some substantial savings, then you need to do 2 things:
- Send me a short email letting me know what your situation is, what your needs are and why I should take you on as a client.
- Check back to the blog tomorrow, Friday May 28, 2010 at noon Eastern time.
That is when you’ll get your chance to get my personal service, my personal help with your particular problem(s)
That’s also when you’ll see the specific services being offered and which would be best for your needs right now and how you can save up to 50% at the same time!
Cheers!
Brian
“The Trading Turnaround Coach”
P.S. Be sure to check back to my blog at NOON Eastern time tomorrow!
http://insideouttrading.com/blog/
“New Trader FAQs” Review – New Trading Book Just Released
There is a new and very good trading book that’s just been released and I highly recommend that you get it right now.
I read it myself a few weeks ago and regardless of how long you’ve been trading, I guarantee that you’ll get more than your money’s worth out of it.
Quick summary about the book and why you should get it right now:
- The book is all about answers to your questions about how to trade well
- Assembled by a Professional Market Analyst and trading coach
- Contributions from over 12 different professional traders (including some names you’ll recognize)
- Dirt-cheap price (no reason NOT to get this, really)
- Over 200 content-packed pages, but organized so that you can easily go straight to what interests you
- Benefits seasoned traders as well as rank beginners
You can thank me later!
Cheers!
Brian
“The Trading Turnaround Coach”
P.S. After you’ve gone through his book, you’ll smile and feel pretty good to have found such a gem, and such a great bargain. You get immediate access to it, so you can peruse it over the weekend if you like!
P.P.S. For more trader education materials, go to http://insideouttrading.com/
Free Forex Training Video – Forex Pair Round-up and Coaching Review
Since alerting you to the opening of Bill Poulos’s Forex Profit Accelerator Group Coaching Program on Monday, I’ve received numerous emails requesting more info on it.
Well, I just got something BETTER.
It’s a 8 minute, 55 second video preview of an actual live group coaching session held just last week for one of Bill’s other coaching classes so you can see what his actual students see.
(please allow the page a few seconds to load & then press the play button)
You’ll get a taste of what’s in store for you when you join Bill as a student of his new program before the doors close next Tuesday, March 16th, at 11:59pm Eastern (New York time).
Have a great weekend!
Cheers
Brian
“The Trading Turnaround Coach”
P.S. It looks like Bill’s member’s website preview is still open, too, where you can pick up some extra complimentary bonus video training, and also get access to his “Pip Feeder” service.
I anticipate he’ll pull this offlint to coincide with the closing of his program next Tuesday, so make sure you click on the link below:
Your username is: readyto
Your password is: enroll
[Forex Traders] Forex Trading Tactics Live Q&A Webinar
Did you miss Tuesday’s live coaching sessions? If so, all’s not lost…
…Mac X himself is going to hold a live Q&A tomorrow night at 8:00 PM EST.
This is important, because every trader gets started with the dream of becoming financially independent.
Well, Mac started at ground zero… with nothing but his guts and determination…
…and quickly built a trading empire, which now boasts of over 20,000 students! (You know he’s got a killer method with that kind of a following.)
Here’s your link to get on the call:
=> Click here to register for the complimentary call
His private consults, which he almost never does anymore, go for $1000/hour. But you can ask your questions for free.
A few minutes with Mac could change your trading life forever.
What’s that worth?
Don’t miss this opportunity to get on the line with a legend:
=> Click here to register for the complimentary call
Cheers
Brian
“The Trading Turnaround Coach”
P.S. – I hope you didn’t miss the live trading webcasts on Tuesday… but you can still download his software free. Plus, there’s the Q&A with Mac tomorrow night – something that no one should miss!
=> Click here to register for the complimentary call
Free Trader Training – It Happens This Friday Feb 19th
This Friday, February 19th at 0900 EST, is the day and time you want to mark on your calendar.
Schedule a reminder in your phone.
Put a sticky-note on your frig.
I’m very serious – this is one that you do NOT want to miss.
What you will discover will permanently and completely change the way you look at your trading forever.
I’ll fill you in on more details tomorrow.
Cheers
Brian