Psychology of Trading [Focus] - 3 Questions You Should Ask Every Day
There are certain questions that you should be asking yourself every day as an independent self-directed trader.
On Dr. Phil’s show, he always gets around to asking his famous question,
It almost always draws a pretty good laugh from the crowd, and at the same time, everyone just KNOWS that it is the right question to be asking.
Now since you’re running a one-person organization as a trader, there are certain questions that you should be asking yourself everyday, just to make sure that you keep your focus where it should be.
Here are 3 critical questions for you to be asking yourself:
2. Am I doing what I know I SHOULD be doing?
3. Should I be trying to tackle this myself or would it be more time and cost-efficient to get help with it?
If you need help, then get it. There is assistance available to you so don’t cheat yourself out of getting there quickly and easily.
If you’d like my help, then visit my site,
or right here on my blog
Just take a peek at the resources to the right and see what works for you.
Even if you don’t get help from me, get some from somewhere.
Going it alone is definitely one of the hardest ways to achieve success.
Have a great rest of the week!
Cheers
Brian
“The Trading-As-A-Business Coach”
P.S. If your time matters to you, then take advantage of the assistance that is available to you - and allows you to leverage your time in the most efficient way.
Free Trading Education - How To Compress Time
If you don’t like the prospect of having to invest another several months, or worse yet YEARS, getting where you want with your trading, then you need to focus on the right things.
If you want to make it happen and happen FOR REALand in just a few weeks, then take a minute to read this short message, take just a minute for this message and click the link on down the page.
You see, the really smart traders compress time rather than take shortcuts.
Most traders make the mistake of thinking that they can take a short cut and just buy a “Goose to lay golden eggs”, like a robot, or the “latest and greatest” system or a signal service.
The problem with that line of thinking is that these will only temporarily serve you, if at all. Even worse is that they still leave you dependent.
The only real source that will provide for you for the rest of your life is YOU.
- When YOU have the skills, knowledge, process and tools to stand on your own two feet, and you are no longer dependent on anyone else’s system, signals or expertise…
- When YOU can take what you already have and fix it if it’s broken, or simply make it better (or just plain gain the confidence you need to have real faith in it!)…
- When YOU can quickly adapt to whatever the markets or economy throw at you and keep trading - with total confidence in a calculated and business-like manner…
Only then will you have true freedom and security.
The key is to compress the time it takes to get there.
Click here to find out how to make it happen for YOU
Cheers
Brian
“The Trading Turnaround Coach”
P.S. This is No-nonsense, No B.S. here. Check out the case studies by clicking the link below.
Click here to find out how to make it happen for YOU
Trading Psychology Video - Do You Recognize Where You Are Right Now?
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.
(If you get an error message or the video doesn’t play, just double-click it to go to YouTube)
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!
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