Forex Trading Psychology - “Courage” Video
Filed under: trader training, trading as a business, trading psychology
I know I wrote about this yesterday, but it is SO vital to good trading that I decided to make a short video about it too.
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!
[Psychology of Trading] 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.
The business-like approach gives you the full confidence that you are trading in a calculated and knowing manner, rather than hope and courage.
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 - Fast relief from 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
Two Trading “Best Practices” You Can NOT Afford To Neglect
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!
Psychology of Trading [Video] - What Truly 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.
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