Trading Psychology - How To Get Off The Confidence Roller Coaster
Are you getting tired of riding the ‘confidence roller-coaster’?
Flying high one moment only to have your confidence shaken to where it has you fearful of entering that next trade, even though the set up looks right?
If a few losing trades causes you to hesitate or feel a huge amount of anxiety, then don’t feel bad. I can relate to what you’re going through.
It really stinks to be going along doing okay, and then 2, 3 and then 4 trades go south and you’re wondering ‘What the heck?!”
That sinking feeling makes it SO tempting to start ‘forcing’ things, because the fear of yet another loser grows with each subsequent loser.
But it doesn’t have to be that way…
There is a way to turn this whole situation - right now - around and it may surprise you.
Here’s what I’m talking about. Your system may be just fine as it is. The problem is that you don’t KNOW if it is.
That NOT KNOWING is the problem. You’re simply feeling a great amount of discomfort and you want it to end.
For a more in-depth explanation of what’s causing the problem - and the quick and easy way to get off the confidence/discipline roller coaster,
Click here to see how to get off the roller-coaster
Seriously, the answer to your problem is right in front of you. You just have been looking in the wrong direction for it, and that’s why it has eluded you.
Before the day is out, you can eliminate that anxiety and have your confidence back.
| “…It is giving me a confidence in my system that otherwise might have been shaken by a few small losses.”
Richard Daniels St. Louis, MO |
I know what you’re going through and I just want to help you get passed it.
Cheers
Brian
P.S. There are hundreds of traders that gotten off the roller coaster - permanently - and enjoy the consistent peace of mind and confidence to trade that you want. You can have it too,
Get your confidence back - and keep it!
Enhance Your Trading Strategy To Grow Your Profitability
The strategy is the over-riding guide for your trading business. It defines how you intend to generate profit in your trading.
So it only makes sense that if you really want to maximize your business profitability, then the strategy you employ is the most logical place to focus.
Most traders have a rather narrow focus in their strategy which subsequently results in a limiting quantity or quality of trading opportunities.
To expand your profitability through an increased quantity and also get a higher quality of trading opportunities, an enhanced strategy is the place to start.
Rather than go through everything here and repeat what’s already been very eloquently stated, go to this page and you’ll see a great explanation with some charts to really drive the philosophy home on how you can expand your strategy to not only make it more robust, but also incredibly more profitable.
You can get the gist of it in about 2 minutes.
2 Minute Version with examples
For the long version in report form, go here
30 Minute explanation in report form
Happy Friday!
Cheers
Brian
Stock Trading Strategy - Balancing ROI & Hourly Pay With Reasoned Capital Turnover
When formulating a stock trading strategy, one must carefully consider the matter of capital turnover and its impact on ROI as it relates directly to both dollar profit and time. What is capital turnover? The average length of time that capital is tied up in a trade is the capital turnover. It is usually expressed in days and often as capital turnover ‘time’ or ‘rate’. Another way to look at it is the number of days from the entry of a trade to exit when it becomes available again, or how long it takes to ‘turn the capital over. It is an essential business metric when considering the desired profits for a trading business, in addition to being key to an optimum balance between one’s hourly pay and ROI as they relate to the overall stock trading strategy.
In devising a stock trading strategy, the goal is to maximize one’s ROI. Thinking that turning one’s capital over as frequently as possible is best, traders often err in considering only the dollar aspect of ROI and not that of one’s time investment. Trading capital is turned over almost immediately for day traders. Over the course of a year, this short turnover time offers a high frequency and high number of capital turnovers. Short, medium and long term trading may have a longer turnover time, but allow the trader the possibility of a much lower time investment.
Return on one’s time, or hourly pay, is an important consideration of the stock trading strategy, just as it is in any self-employed occupation. Expecially when the business will be matured, return on one’s time can not be overlooked. Financial freedom plus freedom of time is why most people enter trading. One without the other does not provide a desirable quality of life. Both are necessary.
Let’s look at an example. A person might choose day trading as the core of their stock trading strategy because with the short capital turnover time, they could possibly realize an ROI of 25% or $5,000 on a $25,000 account. Their hourly pay is only $21,28 if they are working 50 hours a week. A medium term trader who can afford to trade a more selective system since they are looking for fewer opporunities, might realize a lower ROI in dollar terms, say only $3,000 or 12%, but only investing 15 hours per week. The hourly pay for this trader would be $46.18, or more than double that of the day trader.
Time investment versus the dollar return is the primary difference. For a given account size, the capital turnover time dictates the number of opportunities that can be taken during a given period of time, so it is also related directly to the ROI. Care must be taken in selection of one’s strategy because the different strategies also determine the required investment of time. To ensure that the hourly pay is acceptable with a chosen strategy and particularly system, backtesting and analysis must be conducted to ensure an adequate winning percentage and profitability. A business-smart trader will optimize their ROI for both money and time through proper analysis, measurement and calculation of the various performance metrics of a given stock trading strategy.
Which would you prefer with your stock trading strategy, minimum wage or a professional’s pay? Quickly and easily determine your hourly pay and ROI with the Trading Performance Analyzer & Profit-Potential Calculator. Discover several ways to grow your stock trading profits here: http://insideouttrading/tpa/
Stock Trading Strategy - Killer FREE Report
Whether it’s your stock trading strategy or
for Forex or futures, you’ll want to grab this
FREE report right now.
This powerful report is something that you can
use to DRAMATICALLY enhance your trading
strategy and take what you’re doing now to a
whole new level.
Get the FR33 report now!
Now whether you trade Forex or not, you will
definitely see how this report can help you
grow your trading business by 300% or more -
no kidding or exaggerating!
Within minutes your mind will be racing with
ways to put things into action…
You WILL be glad you did!
Cheers
Brian
P.S. If you already have the Trading Performance
Analyer & Profit-Potential Calculator, you’ll also
know that you can jump on the ideas in the report
with complete confidence of adding substantially
to your bottom line - with ZERO RISK whatsoever.
Forex Traders - A $299 Freebie For You
Brian here and I’ve got an excellent fr*ee*bie
for you today!
LIFETIME FR*EE ACCESS to a great trading room!
NOTE: the page reads like the access is only for
a limited time, but that is not correct - the offer for
the UNLIMITED access is what is for the limited
time.
Repeat: the offer is time limited, not the access!
Here’s more on the FR*EE trading room (which
by the way, normally costs $299/month).
*************
I just wanted to let you know about this great
new trade room that Forex Traders Daily is doing.
There’s no charge and they have 2 sessions per
day, and they cover technical analysis, bank flow
and live news trading, all week long, every day!
https://forex.infusionsoft.com/go/rtdt/bit
You may already know him, but Dustin Pass, the
owner of Forex Traders Daily is a real pro when
it comes to trading and he has some of the most
reputable Forex trading services in the market.
Dustin’s primary trading strategy of trading
economic news events has averaged him 177 pips
per month through October 2008.
He trades a pooled forex fund, as well as hosting
a live trading broadcast to thousands of other
forex news traders, allowing them to benefit from
his trading expertise.
Dustin is also the brainchild behind the Rapid
Signal Service (RSS), which is a revolutionary
software system. It combines multiple news feeds
to provide one lightning fast aggregate feed. It
also deciphers the data and within milliseconds
informs you what direction to trade based on the
news. The RSS will actually execute the trade for
you on your own dealing station.
The new free trade room is hosted by Ross Mullins,
one of the very experienced traders with Forex
Traders Daily. Ross was previously trading full
time and co-hosting the Bank Flow live trading room
with the trading maverick Jonathan Silver.
I also know from my own “inside sources” that both
Dustin and Jonathan will be “regulars” in this new
room sharing both the live news trading and bank
flow signals. AND, you can see the RSS software in
real-time action as they use it during major news
releases.
Live commentary, market analysis and real-time Forex
training….for free….can’t see why you WOULDN’T
want to know about this….so enjoy!
https://forex.infusionsoft.com/go/rtdt/bit
Cheers
Brian
P.S. If you had the chance to listen in on the call
that I did with Derek Frey, then you’ll love this trading
room. Forex Traders Daily is where Derek now teaches and
trades, plus in the next few days, I’ll let you in on how
to get Derek’s new trading course. He’s very smart and
has many unique insights into trading and the markets -
as you know from the call that we did together.
For now, check out the trading room - at no charge!
https://forex.infusionsoft.com/go/rtdt/bit
P.P.S. I’ve got two more free*bies that I’ll be sending
to you hopefully today, but indeed very soon! So be
watching your inbox!