Getting What You Really Want
I just posted a video, both at InsideOutTrading.com
and on YouTube about a topic that concerns everyone
in trading, regardless of chosen markets.
It is entitled “What You Really Want”, and it covers
one of the things that nobody told you when you first
got into trading.
You can check it out on YouTube,
http://www.youtube.com/watch?v=k6pdZpUoihg
or on my site at this link,
http://insideouttrading.com/video/whatyoureallywant.html
The video is free at either site, so enjoy and share this
with your friends!
Cheers
Brian
P.S. If you enjoy the video on YouTube, go ahead and
subscribe to my videos. Do share them with your friends
and colleagues if you feel they’d benefit.
P.P.S. If you want to find out the other things that are
roadblocks to your success, that nobody bothered to tell
you about, and how to get past them, check out
Do You Sometimes Neglect This In Your Trading?
It’s good to be focused and motivated, but it’s not good
to be so driven that you neglect truly important matters.
This is true no matter how long you’ve been trading or
how good of a trader you are. If you dismiss or neglect
what affects you as a person, you as the trader, you’re
asking for trouble and mistakes - and the losses that go
with them.
Here’s an example of what I’m talking about.
A good friend of mine is a full-time trader of nearly
20 years, does very well and has trading down to the
point that he has that feel for the markets that only
comes with long-term success as a trader.
I’ll refer to him as Kevin, but that’s not his real
name. I don’t want to embarrass him with this though,
because he wasn’t too proud when he told me about it.
Week before last, Kevin and I were on the phone, just
catching up on things.
Kevin was telling me how the day before, he probably
should have stayed home. He said he’d been sneezing and
coughing and generally feeling like crud. He hadn’t
slept well the night before and was pretty tired too.
I asked him how the day went in the markets, and that
was really the big issue. Because he was tired and
just feeling lousy, his mood was rather pessimistic.
This of course affected everything else, especially
his decision-making regarding his trades.
Because of his mood, he got out of two trades too
early because he was just ’sure’ that they wouldn’t
run.
He missed out on four winners, because he felt that
they’d just turn out to be losers like on other
occasions when the market turned on him right after
getting in. But his system had done its job of
telling him to get in. He just was in too bad of
a mood to believe he had a winner.
After those, then he was kicking himself and he
decided it was time for some payback, so he again
ignored his system and jumped in while he was riled
up, even though there was no entry signal. Another
mistake - and quick loss of $400.
By the end of the day, he’d cut himself out of $1,100
in profits getting out too early, missed out on what
would have been another $1,800 by not getting in, and
just plain lost another $400.
He might as well have stayed in bed.
Now the point here really isn’t to avoid trading. You
trade to make money and you do have to show up to do
that.
Just like any other activity of importance, you want
preventive measures in place. You want to have problems
averted, just plain not come up at all if possible.
You see, Kevin’s problem is that he does take very good
care of himself.
His diet is marginal.
He stays up late and shorts himself sleep.
He never gets any exercise.
He doesn’t even take any vitamins to help make up for the
rest.
Now, I like my sweets and other marginally healthy food
too. Plus I have three kids and I’m a natural night-owl
(I always have been a night person, NOT a morning person),
and I certainly don’t get as much exercise I should at my
age. I do however take my vitamins every day, along with
concentrated natural antioxidants.
You may be like me, where your health is generally okay.
The main thing is to stay ahead of the game, to do the right
things BEFORE a problem arises.
The frequency that I get sick is pretty low, plus I do
enjoy pretty reasonable health and good spirits the great
majority of the time.
As a result of my “compensating” by taking antioxidants, I
rarely have bad days like Kevin did.
When it comes to health, the best defense is a good
offense. Besides, powerful antioxidants help your
body do what it is built to do: fight-off germs, heal and
be healthy.
The main thing I like about taking my vitamins and the
extra antioxidants is that I don’t have to make any major
changes in my lifestyle.
I don’t have to go to the gym.
I don’t have to try to become a morning person.
I can still eat what I like, knowing that I’m giving my
body what it needs.
I feel good and function well when I need to be at my
best.
Besides, I plan on being around for many years to come.
I want those years to be fun and enjoyable, not sitting
around waiting to die. I’ve read in quite a number of
places over the years that antioxidants fight what
makes you age and makes your body robust against
disease and degeneration.
A few of my favorites, in addition to my regular
once-a-day vitamins, I take:
Extra Vitamin C, of course
Grape seed extract
Bilberry extract
Acai berry extract
I hadn’t heard of the last one until recently.
I’ve got this one neighbor who has alway been a bit
of a hypochondriac. Not too long ago, I noticed that
she didn’t have her usual list of complaints, plus
she didn’t look as miserable as she used to either.
This was weird, and it got my attention.
She told me about this blend of berry juices that
she’d run across, so I checked it out, and it was
pretty pricey, but I did research the product to
see what was in it that made it work so well.
I read that this juice she was carrying on about
has juices from 19 or 20 berries and other fruit,
but the main benefits are from one primary
berry in the blend: the Acai berry.
It’s reported to be an even more powerful antioxidant
than the grape seed, and has other health benefits
as well, so I decided to give it a try.
Now I don’t buy the juice blend she does. They
charge a bit much for the juice, so I hunted around
until I found the Acai berry extract in capsule form
and at a much better price.
I always look at what a month’s supply is going to be,
and this alternative is about 67% less than the juice
and a higher concentration.
I consider this small investment in myself a very good
one. A couple minutes a day and the antioxidants are
a whole lot cheaper than bad days.
Now, no matter how old you are, how well you eat and
how much exercise you get, take good care of yourself.
Trading can be very taxing and you really do need to
be at your best to make the most of it.
Cheers
Brian
P.S. If you’d like to find out more about the Acai
berry extract that turned my 55 year-old hypochondriac
neighbor into happy and feeling good, you can check
out the much cheaper alternative source that I found
here,
http://insideouttrading.com/go/acai.html
P.P.S. Trading is challenging, and at times can be
very stressful as you know. I go the extra mile for
myself, because I want the most out of all I do.
Whether you do the same, or simply take once-a-day
type vitamins, do take care of yourself.
Make sure that you give yourself the advantage of
good health so that you stay at the top of your
game. Your account balance will thank you for it!
http://insideouttrading.com/go/acai.html
What You Can Learn From Lexus to Make More Money As a Trader
There are a number of very valuable lessons that
you can take from Lexus, the car maker that will
directly benefit you as a trader.
You may not realize it, but the leaders of many
successful companies will intentionally look at
what the leading companies in other industries are
doing.
They do this specifically to see if there is something
that they can take and apply in their own industry and
gain advantage.
This posting will cover several things that Lexus
applies that you can take advantage of in your trading.
You may recall from a short while back, that Lexus
began using the slogan in all their advertising
“The relentless pursuit of perfection”.
The message is clear: Lexus is all about the highest quality.
Back in the 70’s, the Japanese cars had the position
of being cheap and of considerably lower quality than
their American competitors.
This had direct impact on their business.
- Their reputation was not good - which affected sales,profits and their selling price.
- Their scrap rates were high.
- Rework costs were high.
- Efficiency was inconsistent
- Production was inconsistent
- Profits were subsequently inconsistent and lower than desired.
Their futures as car makers was not particularly bright.
It’s tough to compete when you’re on the low end and
your operation has a lot of inconsistencies.
What the Japanese learned from Demming, whom the
Americans largely shunned, was that Quality is really
where business success is to be found.
They had been focusing primarily on the short term,
trying to make as much possible money each month
through:
- running their machines every possible minute
- buying cheaper materials
- accepting inconsistent work from their people
- accepting inconsistent production on their lines
- skipping periodic maintenance
- buying cheap equipment to make the cars
- doing marginal repairs on broken equipment instead of fixing them properly
- cutting back on research and development
- cutting back on training
They saw that this focus was the root of their problem.
What they learned is to focus on the long term and to
give primary attention to consistency and Quality
through process control.
They also learned that they had held an incorrect view
of Quality. They had been looking at it as a cost-center.
Such views as,
- “The better materials cost too much”
- “The better running equipment cost too much”
- “We can’t afford the downtime to fix the machine properly, just get it running”
- “We can’t afford the downtime for preventive maintenance”
- “We can make this month look good by dropping the training programs”
- “We can cut labor by eliminating the Quality inspectors”
At the end of process, they learned that these “costs” that
they had been associating with Quality were much lower
than the cost of POOR quality in their operations.
They learned that they had been looking at the matter
all wrong, viewing those expenditures to produce good
quality as “costs” and “expenses”. What they needed to
do was change their perspective and realize that these
expenditures were indeed very wise investments.
Investments in Quality are just that, money put into
something to realize a return.
By investing in the better equipment that would run
reliably and produce more consistently, they would
save both downtime and scrap.
Same for buying better materials with which to make
their cars.
By investing the time and money to perform the
periodic maintenance, the machines would also
have better efficiency and consistency.
By investing in training, their people would perform
better and more consistently, thus again lowering
costs of scrap, rejects and rework.
By standardizing procedures to the known best-
practices, then documenting them and training their
workers, the entire operation improves.
They also learned to monitor their processes very
closely and keep them under control.
Process control is at the heart of the success of Lexus.
By focusing on their processes, with an intent of consistency,
reliability and repeatability, then improving those
processes systematically, their Quality continues to go up
right along with their reputation, sales and profits.
Lexus now has a very respectable position as one of the best
car makers, in addition to admirable profitability.
Okay, so what does this have to do with trading?
E-V-E-R-Y-T-H-I-N-G
Trading is a process.
You have tools and equipment that you use to produce
profitable trades.
You want consistent production of high-quality trades, with
a low scrap rate.
You have a trader that needs to be trained to do the best
work possible, and in a consistent, reliable and repeatable
manner.
Focus on Quality - it pays handsomely.
Focus on process control and consistency.
Focus on research and development.
Focus on training and skill building.
The biggest lesson that the Japanese learned and that
Lexus has come to exemplify is that if you focus solely
on making money short term, you’ll struggle.
Focus on Quality and the money will come.
Same goes for trading.
Being a trader, business consultant and a Certified
Quality Engineer, I’ve seen it in action. It works.
You are the heart and soul of your trading business.
Invest in yourself and the Quality of your operation. You’ll
see the benefits both short term and long term.
If you want more on how to put Quality into your trading
to realize the benefits, visit my site. There are resources
there specifically created to help you do this.
How to Get a Helpful Trading Product for Free!
Don’t you just love getting good things for free?
I do. I also love to eat, so when the local grocery
store has the filet mignon on a Buy-One-Get-One-Free,
I always jump on it.
Nothing better than enjoying a real treat and feeling
good about being frugal at the same time.
So I decided to share that good feeling.
For the next 24 hours, you can get any one of the
products at Inside Out Trading for $0 when you buy
one. Here’s the menu:
The Trader’s Guide to Emotional Management $79
The Subtle Trap of Trading $67
The Trading Performance Analyzer $67
The Proven Formula of All Highly Profitable Traders $7
How to Take the Uncertainty Out of Your Trading $7
Now just like it works elsewhere, you buy one and get
another of equal or lower price for free.
For example, get the Trader’s Guide and get any of the
other products below it for $0
Get The Subtle Trap or Performance Analyzer, then get
the other or either of the reports for $0
Get either of the $7 reports and get the other $7 report
for $0
Also, act now, because just like in the stores, when
the 24 hours is up, the deal is over. Wait too long
and you’ll miss out. Don’t let that happen, get yours
now!
Just send me an email after you’ve made your purchase
and let me know which of the others you’d like. I’ll
send it to you promptly via email.
http://www.insideouttrading.com
Enjoy!
Cheers
Brian
P.S. Remember, this is just for 24 hours from the time
this goes out, so act right now and enjoy!
http://www.insideouttrading.com
FW: Just released - Power Forex Profit Principles
(Read all this because it has a DIRECT IMPACT ON YOU.)
Here’s the story:
One of the top online trading mentors has just released a landmark Forex report that’s not only going to ruffle some feathers…
…it’s going to challenge everything that 90% of most Forex traders hold to be true.
So if you have ANY interest in discovering how to ride the “coat tails” of the big banks to maximize your “pip potential”, you’re in for a TREAT.
—————–
STAY WITH ME HERE
—————–
The trader who put this 55-page monster together very recently surveyed over 50,000 traders to find out what their biggest concerns, questions, and challenges were around Forex trading.
And then he spilled the beans on the cold, hard reality of the Forex markets -
- to your benefit.
Here’s why…
Not only does he reveal his answers to the top 20 questions his readers asked him, but he completely cracks open and obliterates the unfounded confusion that seems to plague most Forex traders.
—————–
20 MINUTES A DAY?
—————–
Find out how the author spends just 20 minutes a day with TOTAL confidence in the Forex markets, identifying more pip potential in that time than most traders spend hours trying to squeeze out of their favorite Forex pairs.
You’ll also learn:
** How to “shake out” the good Forex brokers from the unscrupulous ones. Many brokers won’t be prepared when you ask them these 5 questions (page 12).
** His “insiders formula” on how to determine the best mix of technical indicators to use when trading Forex pairs (page 23).
** Step-by-step tactics for applying his “Optimal Profit Exit Strategy”. This is one of his favorite ways to enjoy profit- taking as quickly as possible (page 32).
** How he was able to drastically reduce his “time in the trenches” trading Forex by spending only 20 minutes a day. These
2 discoveries made it all possible (page 42).
** …plus, there’s a TON more you’ll get to sink your teeth into when you get the report.
—————————
WHY HE’S GIVING IT ALL AWAY
—————————
When I snuck a look at a preview copy of this report, I thought for sure I’d see it for sale online in a few days. In fact, I’d personally pay at least 50 or 60 bucks for this, and probably more.
But here’s the kicker - it’s not for sale (at least not right now).
You can’t purchase a copy.
But the author really has a deep-seated drive to “shake up” the Forex community, and that’s why he decided to GIVE IT AWAY.
In his own words he says, “I want to de-mystify the Forex markets once and for all. So I sat down to write this report as if I was under oath, being grilled by an attorney. That’s how direct and forthcoming it is.”
——————–
HOW TO GET YOUR COPY
——————–
To get your copy, just visit this web page right now:
http://www.insideouttrading.com/go/power-forex-report.html
By the way, you also have the author’s permission to give away copies of this report to anyone you think needs some “first aid”
for their Forex trading.
I hope you enjoy it as much as I have.
Cheers,
Brian McAboy
P.S. This is a HUGE report. Take your time and read it all, but hurry and download it. Why? Because it’s so large, it could be taken offline at any moment if the author’s web server “bandwidth” gets eaten up with all the requests for the report.
You can get it here:
http://www.insideouttrading.com/go/power-forex-report.html