Psychology of Trading – Their Value Only Comes From This ____________
You’re trading to find freedom and security, but unfortunately for most traders, they aren’t experiencing either one.
Now, so long as you’re hitting winners and making money, you feel good and all is well.
But sometimes all it takes is a handful of losing trades and doubt comes in, your confidence starts circling the drain, your discipline gets shaky and you’re left filled with anxiety and insecurity.
It gets really tempting to look for new indicators to see if you can find something that will give you back that edge, that feeling of having it under control.
The mistake that most traders make along the way, the reason that a change might work for a short while, but fail and start the cycle all over again is because they aren’t asking the crucial question when they think they incorporate a new indicator:
You see meaning is the only thing that gives value and usefulness to ANY of the tools you use in your trading.
Step back and think about it: trading is really just a process of gathering information, evaluating it, drawing conclusions, making decisions, then taking action.
The tools are there to help you make good decisions, and the only way that they can do that is if you fully understand what they are telling you – and what they’re not.
This goes for the charts themselves, the lines, the levels, the bars, everything. You simply MUST know what they are really telling you for them to be of value in helping you make good decisions.
When you are working with indicators that you DON’T fully understand, then you are cheating yourself out of that security and confidence that you want in your trading.
You’ll find that you feel anxious more often than you really should, that you make mistakes and fight many other frustrations as well.
Your system is the heart of your trading business.
If you sincerely want to be an independent trader, then it only makes sense that you focus on developing your mastery when it comes to the matter of your trading system.
Now this topic of MEANING is only one of the several useful matters that we cover in the Trading System Mastery Accelerated Coaching.
If you are tired of putting in the hours, the effort, and the capital but only left feeling frustrated, then perhaps this coaching is for you. After the coaching, you’ll find that you have an entirely different look at your trading and that you feel tremendously confident to trade regardless of what is going on in the markets or the economy.
Click here for more on the Trading System Mastery Accelerated Coaching
Click here to see the video explaining the real cause of all your frustrations
Have a great weekend!
Cheers
Brian
“The Trading-As-A-Business Coach”
P.S. If this resonates with you and you want the full experience, then now is the time.
Click here for more on the Trading System Mastery Accelerated Coaching
Psychology of Trading Forex – Why You Must Recognize Where You Are
Seriously, do you recognize where you are right now?
Yes, this can be a big problem for you if don’t.
[NOTE: Make sure to read this entire message - it only takes a couple minutes. Do NOT make the mistake of getting half-way through it and then dismissing the rest thinking that you already were attending to this or that it doesn't pertain to you.]
Here’s one way to tell if you don’t really know where you are…
Do you sometimes feel at a loss as to what to do to get your trading where you want it?
If so this is a good indication that you don’t understand the developmental curve or at least where you are on that curve. This is why you don’t know what to do.
You see there are several different stages that you have to go through in the process of evolving from a rank newbie to a fully proficient, very satisfied and consistently profitable trader.
No one goes straight from being a “1″ to a “10″ without passing through the points in between.
NO ONE.
There is a progression, a developmental curve, that you just can’t skip over.
If you try to, you’re going to have issues.
Issues that you probably have been led to believe are ‘psychological’ issues like discipline.
When the truth of the situation is that you simply need to attend to the more practical matters.
When you do, most if not all of the ‘trading psychology’ issues that you think you had take care of themselves and good trading becomes easy instead of a daunting task.
There is one stage in particular that most traders ‘try’ to skip, but they are not allowed to. You simply have to attend to this one, no “ifs” “ands” or “buts” about it.
You wind up working through it one way or the other.
You can do it intentionally on your own and in an effective, time-efficient and cost-efficient manner.
If you choose to ignore it, the markets will force you to attend to it anyway, and the markets are HARSH.
To help you understand this evolution that all traders have to go through better, I’ve made a short video where I explain the specific stages in more detail.
Once you understand these matters (that no one brought to your attention before), it takes much of the stress out of your trading.
Cheers
Brian
“The Trading Turnaround Coach”
P.S. This time of year is great for preparing for the fourth quarter. Make sure that you are getting underway!
Trading Psychology Coach – Less Than 24 Hours Left for the “Disciplined Trader Basics Program”
Trading Psychology Coach – 2-Minute “Courage” Video
Courage in trading is a sign of a very real and potentially big problem.
Discover what the danger is and how to address it in this short video.
To watch the 21minute video that covers the whole matter, click here
To see how well you’re doing, take this quiz
When you’re ready to take it to the next level, click here
Cheers
Brian
“The Trading-As-A-Business Coach”
P.S. If you don’t attend to this problem, you are leaving yourself open to a never-ending battle with emotions making your trading difficult. Address it and be free!
[Trading Psychology] Why It’s A Mistake To Trade With Courage
To even consider being a trader takes guts, that’s for sure.
Problem is, being courageous as a trader is really a red flag.
Here’s why.
You see, courage is taking action in the face of fear, in spite of it.
And trading from a position of fear is not a desirable way to trade at all.
If you have genuine fears, not just a little excitement from the anticipation of getting on with your trading day, then that is a sign that a real problem exists…
…a problem that will wind up costing you.
What kind of fears?
- The fear of losing money (or capital)
- The fear of failure
- The fear of making mistakes
…just to name a few.
Fortunately, there is a simple and direct way to become free of your fear.
That’s right. Instead of feeling fearful and anxious about your trading, you really can feel very at peace and secure.
It’s all about replacing your fear with real and well-founded confidence.
That’s why the addage “Treat your trading as a business” is so critical to being able to trade with true confidence, rather than hope and courage.
This approach gives you the full confidence that you are trading in a calculated and knowing manner.
Now, there are certain elements and processes involved in treating your trading as a real business, and a proper business plan is at the heart of it all.
The word “proper” is the operative term in that statement. Most traders make the mistake of having “make lots of money” as their business plan, and that’s all. That’s not a business plan by any means.
To have real confidence in your trading operation, discover the trader training program specifically designed to walk you through the steps of properly organizing your trading business, including the creation of your own personal Trading Business Plan,
When you don’t treat your trading as a business, you’re running on hope and faith, which leave you open to all sorts of fears and other emotions.
When you are properly organized and prepared, you have true confidence in what you’re doing – and you no longer have need for courage because your fears have been addressed.
It is truly the best way to trade!
Cheers
Brian
“The Trading-As-A-Business Coach”
Trading Psychology Coach – Fear Elimination
Is fear interfering with your trading?
Very understandable if it is.
Fear is the #1 obstacle that plagues traders
Patrick was getting tired of having his fear of losing capital getting in his way, so he contacted me to help him work through it.
Here’s what he had to say:
But all that changed quickly after getting your assistance and putting to work some of your tools and recommendations. I am more confident in my trades and no longer worry about the unknowns.
If you’d like to put your fears behind you and do it quickly, now is your chance.
For a very limited time, I am opening up five slots in my 1-on-1 Fear-Elimination Coaching.
By being one of the next 5 that sign up, you also save $500 off the normal fee.
The Fear-Elimination Coaching includes up to 4 weeks of phone calls, diagnostic questions, and actions specific to your situation to get you past your fear.
You’ll experience a new level of confidence, better organization and a transformation in how you see trading.
Now is the time.
Click here to eliminate your fear
Enjoy!
Cheers
Brian
“The Trading-As-A-Business Coach”
P.S. Because this is ME working directly with you, this is STRICTLY limited to 5 and 5 only. If you wait and miss out, then it is by your own choosing. Don’t let that happen.
Click here to eliminate your fear
Forex Trading Psychology Video – What Really Motivates Traders
Brian here with a YouTube video sent to me by a client.
I really enjoyed this because it sheds light on what really drives traders plus why traders often do the very opposite of what they know they should do.
Enjoy!
Cheers
Brian
“The Trading Turnaround Coach”
P.S. After watching this video, you’ll see why the P.I.T. Club Training Program is structured the way it is. The right start is critical.
Take a look here AFTER you watch the YouTube video.
Trading Psychology – Manage Your Beliefs and Control Your Trading
I’ve got another excellent video for you today from Head Trader Todd Brown of TripleThreatFX.
In today’s video, Todd gives you insights on how to:
“Manage your belief systems and control your trading”
Here’s his message before you watch it,
What are your belief systems behind your trading? Do you
believe you can truly be successful? Because what you feel
about your trading plan has a direct influence on your results.
Your future in trading depends on your belief in the power
of the model and the strategy. I put together this video “SysTrain
Session from Dynamic Structure Training Series” to explain
this to you in great detail.
http://www.triplethreatfx.com/blog/
In this next video you will learn the 5 following points:
1. Developing a strong belief in your trading system.
2. What your brain sees when looking for the optimal
conditions when entering a trade.
3. How the “IF” in the conditional process is essential.
4. Applying the “WHEN” factor.
5. Combining both the “IF” with the “WHEN” together.
A sound trading strategy requires walking through the entries,
stops and targets. In order to see if it is a good strategy, there
will be a string of winners, losers and sideways equity.
You will learn to familiarize and accept the above three conditions
and how they are the components of absolute truth behind any
trading system you will ever see.
Simply click on the link below to be taken to the video blog
where you can watch the video and I welcome your comments
and questions as well.
http://www.triplethreatfx.com/blog/
Remember to Limit Your Emotions and Follow your Plan,
Todd Brown
Head Trader
TTFX
Have a great weekend!
Cheers
Brian
“The Trading Turnaround Coach”
Trading Psychology – A Very Good Book On How Your Mind Works
Now I do NOT speed read, but this book was so engaging that I literally read all 228 pages in less than a 24-hour period.
Trading is all about decision-making right?
Well then, I’m sure you’ll like this book too because that is what it is all about.
What’s the book?
It’s called “Blink: The Power of Thinking Without Thinking” by Malcolm Gladwell.
Cool insights into your mind and how your decision-making process works (or doesn’t!).
You can find it at your local bookstore or online at sites like Amazon or Borders.
This will definitely make for a good read over the weekend!
Cheers
Brian
Trading Psychology Coach – When You Do It, 5 Things Happen Right Away
What happens when you do it?
There are 5 things in particular, but there are more to be sure.
Here are the Big 5:
Well when you treat your trading as the business that it is,
2. You sleep better knowing that your not ’subject to’ the whims of the market – because you’ve taken control of your trading
3. Your free time becomes more relaxing and you find that you have more of it, because you are more structured, organized and efficient during your trading hours
4. During your trading, you find it so much easier to stick to your system, because you’ve properly analyzed it and know what to realistically expect from it
5. You feel good about the future because you know that you’re taking a calculated and business-like approach to your trading
There are many more benefits to treating your trading as a business.
So how well are you doing in treating your trading as a business?
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.