[Free Trader Training] Why It’s A Mistake To Be A Courageous Trader
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”
Psychology of Trading - Trading Psychology - Eliminate Your Fear, plus save $500 (limited availability)
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
Trading Psychology Video - What Really Drives 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 training in the P.I.T. Club is structured the way it is. The right start is critical.
Take a look here AFTER you watch the YouTube video.
Psychology of Trading Forex - Manage Your Beliefs, 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”
Good Trading Books - I Read This One In Less Than A Day
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
Day Trading Forex Currency - 5 Things That Happen
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.
Free Trader Training - Eliminate Counter-Productive Beliefs Now
Brian here and I recently found a very cool and effective method for eliminating negative beliefs.
While this guy isn’t a trader, the beliefs he addresses have direct impact on your ability to trade well.
There’s no cost and you can check it out here
Cheers
Brian
“The Trading Turnaround Coach”
P.S. Beliefs CAN changed in a matter of minutes. I was pleasantly surprised at how quickly this method works. Check it out - doesn’t cost you anything. 
Trading Psychology Article - A Costly Mistake Many Traders Make
There’s one mistake that I see traders make over and over that causes them to stay on the not-so-fun roller coaster with their trading
They reach a high enough frustration point that they go and get a book (or 2 or 3) on trading psychology, put loads of focus on it, make some good progress, then they just focus on the trades and making money.
It doesn’t take long, especially after a win streak, to fall back into the sloppy trading again after a relatively short period of time.
Because managing your state isn’t something that you attend to once, set it and forget it.
Keeping yourself mentally on top of your game takes regular, consistent focus.
Plus, since we as humans are rather complex creatures, there’s a rather long list of pitfalls and potential problems that can affect your trading and your general quality of life.
The first step is to get your arms around the known problem(s) at hand.
That’s why I created the Trader’s Guide to Emotional Management, to help you address whatever is making your trading life difficult right now.
The second step is to get on-going support to keep you at your best. That’s why the Trading Psychology Coach is such an important resource for your continued success.
In the Trading Psychology Coach, the trader’s publication which you receive twice monthly, you get a trader’s perspective on such topics as:
- The Fear of Success
- Improving Your Consistency
- Shoring Up Your Confidence
- Creating Gravity In Your Trading
- Instilling World-Class Attributes Into Your Trading
- Brain Chemistry
- Dealing with Depression
- And others…
What to do right now…
Subscribe to the Trading Psychology Coach and you get the Trader’s Guide to Emotional Management as an instant bonus
Plus you also get Instant Access to the video,
-
PLUS there are additional bonuses that come with the Trader’s Guide, which make this the resource to get right now to bring your best to your trading.
DON’T make the mistake of trying to play the ’set and forget’ game with your mental state when it comes to trading. The frustration and losses just aren’t worth it.
Make your life simple and do yourself the favor (besides this is incredibly cheap).
If you have any questions, just let me know.
Cheers
Brian
“The Trading Turnaround Coach”
Forex Trader Training - Discover Why Some Will Never Succeed
Sadly, there are some people that just plain will NEVER make it as a trader.
Oddly, the reason is NOT because they aren’t smart enough or because they don’t have the ability. It is because of something that happened along the way that they haven’t addressed. They are aware of it to a degree, because they can make money in their trading. The problem is that they have a decent run and then get cocky and reckless, and then wind up giving it all back to the markets.
And this happens again and again and again.
Another ironic thing is that it really isn’t their fault because it is caused by their primal survival systems kicking in and over-riding their rational mind. It’s a response triggered by a specific set of circumstances that are very common in trading, and once activated, this response tends to create a vicious cycle that is nearly impossible to break, at least without some help.
Here’s how it works. We’ll use my friend Jerry as an example (of course Jerry isn’t his real name).
Prior to opening his account, Jerry hadn’t ever traded at all. He’d just heard about it, but didn’t really know what it was about. He quickly sought out the basics of how trading works and chose to try a few things he’d read about on different forums he’d found.
It didn’t take long and Jerry felt confident enough to open a live trading and began placing his first trades. Afterall, how trading works is straightforward enough and he was pretty smart, certainly smart enough to get this.
During this time, he was trying earnestly to make money, but he was mostly hitting losers because this was all still very new to him. When he hit his first decent winning trade, he was jazzed. What a rush! What a great surprise!
The next winner was even bigger and WOW this really rocks!
Jerry managed to run his account up by just over 20% and he was feeling invincible! He’s got this trading thing down and he’s on his way!
It didn’t take long though until Jerry started getting reckless, jumping into trades that he had no business entering. He felt helpless as his account balance went down to break even, then down by 10% from where he started, then down by 20%, then down by 30. He couldn’t stop himself, even though he was well aware of what was happening.
Jerry put more funds into his account because he just knew that he could make this work, that he could repeat his nice run.
Unfortunately, Jerry was able to repeat the run, but not without repeating the rest of the cycle as well.
It finally got to the point where he just had to close his account and take a break. He just couldn’t take it any more. The most frustrating part of it is that intellectually he knew he could beat this, he just couldn’t seem to control himself once he started winning.
So Jerry called me up and asked for my help.
He wanted to understand why this happened and what he could do to fix it.
What Jerry didn’t understand is that what he’d been doing really was gambling. He wasn’t trading, because he hadn’t taken the steps necessary to trade in a calculated and business-like manner. What he had been doing was playing the game of anticipation and seeking the thrill of the unexpected.
Once a winner gets hit when you’re in this mindset, your brain chemistry is essentially the same as a drug addict and a gambling addict. It kicks in and shuts down your rational mind while activating your pleasure centers in a big way.
The added danger of this and the reason that many people won’t make it in trading is because they’ve been caught in this experience, and they won’t be able to shake it until they quit gambling and truly treat their trading as a business - again in a very calculated and business-like manner.
If this story here sounds at all familiar to you, then I strongly urge you to check out the training in the Trading P.I.T. Club. In it you’ll become that business-like trader that you need to be to stop gambling and start real trading.
Of course if you have questions, just let me know.
Cheers
Brian
“The Trading Turnaround Coach”
P.S. Those that don’t attend to the problem described above are bound to only repeat the vicious cycle and unfortunately it can go on for years. Don’t let it happen to you - stop gambling and get on with business-like trading that will help you keep your head clear and let you trade well rather than give it all back whenever you do make money.
Psychology of Trading Forex - 2 Crucial Questions That Impact Your Success
Brian here and today I have a couple quick and very important questions for you to ponder, important because they have such an incredible impact on your trading.
Now it is very important that you consider both questions at the same time, as the answers are very much related.
After the second question, I have a sage piece of wisdom from another industry that will serve you well in your trading and again relates to the questions.
The first question is simple and one you’ve hopefully actually thought about seriously, so here it is:
Question 1: “Why are you trading?”
The reasons for doing what you do are tremendously important and need to be emotional, not just logical reasons, and they also really need to be much bigger than you. If not, when tough spells are hit, you can lose your motivation and possibly have your confidence destroyed, so you need something really strong to survive this and keep you going.
Question 2: “What are you doing with that motivational energy?”
This is NOT a trick question. Many people get all fired up when they think about why they’re trading and what they want to do with the money they’ll make, but they don’t apply that energy in the right direction.
The mistake commonly made is to get even busier trying to make money.
The right thing to do is to focus on how to get better at trading, even if that means slowing down or even taking a break to regroup if things aren’t going well.
Main thing is to not just keep dreaming and trading away. You are a trader and you want to get very good at making money via trading, not just busy trading away.
The sage wisdom that serves you too:
In the real estate industry, there is a phrase that goes,
What the essentially means is to focus on the PROCESS of making money through trading.
Don’t just sit around daydreaming about all the money that you’ll make and how you’re going to spend it.
You have to get on with getting your trading business properly organized, getting yourself trained and in general focus on the process and your operation more than the money.
Too many traders just think (often without really thinking about it) that if they can just get to making money, that everything else will somehow magically fall into place and the consistent profits will simply flow in month after month.
If you want a reliable source of wealth generation and income, and you want it within a reasonable period of time, then you have to make it happen with intention and on purpose.
It ain’t gonna happen by chance and there’s no magic fairy going to come along and put it under your pillow.
If you’re not sure how to make it happen efficiently and you’d like guidance and assistance, then I can help you.
Of course if you have questions, just let me know.
Cheers
Brian
“The Trading Turnaround Coach”
P.S. Information is good, but sometimes a little good ol’ thinking and reflecting are extremely valuable too. 