The 3 Trading Vampires
Visit any forum or chat room and you’ll find three things
that are stopping most people from achieving the success
they desire in trading.
Worry, doubt and fear are Trading Vampires that can suck
all the good things right out of your trading!
Your energy
Your attention
Your confidence
Your ability to act without hesitation
Your enjoyment of trading
Your profitability
But, think about this for a second.
Do successful traders ever have worry, doubt or fear in
their lives?
Of course they do!
The big difference is they do not allow these negative
feelings control their actions or inaction.
These negative feelings are consciously overcome or
removed!
Even the most successful traders will open new and
incredible possibilities for success instantly by
removing these limitations.
AND
Those who have not gotten their first real taste of
success yet, will have even more spectacular results
when they learn to master these Trading Vampires.
But how?
I will tell you a story about someone I know well,
who fought until he was able to stumble onto how to
master them…
I know him because I look in the mirror at him daily!
Yes, I have had many experiences with Trading Vampires.
I will tell you exactly how I got the upper hand in
that battle!
The first step was to stop looking for answers anywhere
outside of myself.
I had to face the fact that it wasn’t the markets that
were suddenly going to start favoring me just because
I wanted them to.
My system wasn’t the problem because I wasn’t sticking
to it well enough to say.
I simply had to make the decision that I WAS going to
make it as a trader and the only way to do that was to
make myself into the trader that I knew I was capable
of becoming.
One that followed his system with confidence
One that took the right actions without hesitating
One that knew where I was going with my trading, instead
of just trying to make money at it.
The first and biggest step was to take control of my
own destiny as a trader, and take responsibility for
my results - no more blaming anything.
I decided that if I was going to make it, I had to
approach the whole thing differently.
When I made that decision, it came to me that a large
part of the problem had been that I looked at trading
as something to do, not as a business and a new
occupation.
I’d made career changes before, but nothing prepared me
for trading, so I had to do some homework.
That’s when it all started coming together.
Now the lessons that I learned in that research and in
my time helping other traders, I’ve been able to not
only identify many helpful tips, tricks and techniques,
I’ve been able to tap on my experience as a trainer and
tutor in other areas to assemble a full curriculum of
what a person needs to become a successful trader.
If you have the desire to fulfill your potential as a
trader and succeed in this new occupation you’ve chosen,
and you really don’t want all the sweat, blood and tears
involved in going it alone, then I invite you to check
out the Trading P.I.T. Club.
http://insideouttrading.com/pit/
Members of the P.I.T. Club enjoy 26 weekly lessons and
exercises that build your skills as a trader and the
entrepreneur that you need to be a confident trader
that has your Trading Vampires under control.
No stress, worry, doubt or fear.
These negative feelings will be replaced by a feeling
of calm and confidence you’ve never experienced before.
Everything will become possible for you, and with so
much less effort and struggle than you’ve become used to.
You are deserving.
You have the power and the capability to succeed.
Simply remove the Trading Vampires from your life and
allow yourself to get there.
Go now and experience a miracle in your trading life!
http://insideouttrading.com/pit/
Cheers
Brian
P.S. If you’ve been struggling with many issues or
just a particular few, this training will help you
address them. Once you do, you can’t help but see
a difference! If nothing else just the elimination
of fear, doubt and worry is a gift in itself.
http://insideouttrading.com/pit/
You’ve got one, but what are you doing with it?
You’ve got one of these, but what are you doing with it?
Oh yeah, what is the ‘one of these’ that I refer to?
Your business.
You’re not just a trader, you are the owner of a business.
Your trading business.
Are you treating it as the business that it is, or are you just busy trying to ‘make money’?
There is a HUGE difference, and if you’ve never run your own business and worked for yourself before, then treating your trading as a business means that when you started trading, you actually had TWO learning curves to go through.
That’s right, two.
And they both came about at the same time.
You had to learn how to trade.
You had to learn what it’s all about starting and running your own business.
Even though you may not look at your trading as a business, it is one and in many, many regards is the same as if you had opened a ‘brick and mortar’ business.
When you started trading, you also started your own business, complete with an owner, manager and worker.
There are many parallels between a trading business and other types of businesses, PLUS the reasons for failure between the two are basically the same.
For more on this, (such as the list of parallels) go to
Prepare to have your eyes opened!
Cheers
Brian
P.S. The list of reasons for failure (and success) are surprisingly similar. Discover them right now and give yourself an edge you didn’t know was right at your fingertips all along.
P.P.S. Even if you have or currently own your own business, a trading business is unique in many ways (as you’ve probably discovered). Here is where you will discover how to make your TRADING business a reliable business as well.
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——————
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Cheers
Brian
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Trading as a Business - Lessons from “Over The Hedge”
In the kids’ movie “Over The Hedge”, there are several
good lessons for kids, but also for traders.
R.J. was a raccoon that in his hunger, made the near-
fatal mistake of stealing the hibernating bear’s food
stash.
He snuck into the cave of a hibernating bear to get
his food-stash. Had it all loaded up on the wagon
the bear had in the cave (hey it’s a cartoon) and was nearly
out of the cave when his greed got the best of him
and he just had to go get that can of “Spuddies”
that the bear was holding in his sleep. When R.J.
opened the can, the bear heard it and awoke.
The wagon goes rolling down the hill only to be
run over by a truck and the food all destroyed.
Now R.J. finds himself with his head in the clutches
of the bear and having to replace all the food and
he’s only got a week to do it - or he’s dead.
Lesson 1: greed can wipe out your account, even
with just one mistake.
The scene now shifts to the turtle Vern and his
“family” just waking up from their winter’s sleep.
First thing on Vern’s mind and which he reminds
everyone of, is that they have to start preparations
for the coming winter, because they were down to
a handful of berries for food from last year’s stock.
Lesson 2: prepare for the coming year. Don’t just
let the days pass until things are upon you, especially
when you can foresee them and make ready.
Back to R.J.
R.J. discovers Vern and his family and the light comes
on over his head (a firefly in the movie).
Here is a group that has the skills that he needs, as Vern
and his family are a group of foragers, so he enlists their
help (unbeknownst to them) to collect his needed food
and save his life.
They manage to get everything needed to save R.J.’s life
and in the short time frame of a week. Had he gone
about it himself, he’d never had made it in time.
Now the way R.J. goes about it in the story is not the
right way to get help from others (through deceit), and
along the way, he finds that they are a good group.
At the end of the movie when the truth comes out,
Vern says to R.J., “All you had to do was tell us, and
we would have helped you. That’s what families do.”
Lesson 3: when you’re livelihood depends on it, your
best bet to make things happen quickly is to enlist
the help of people with the skills, knowledge or
experience to help you achieve your goals.
Quick summary of the lessons:
1. Avoid mistakes, especially decisions made based
on emotions.
2. Prepare for the future
3. Get help, and don’t go it alone, especially if your
livelihood is riding on your success.
2009 will be upon us soon, so are you beginning
YOUR preparations?
Have you updated your business plan for the coming
year (or at least created the first one)?
If not, now is the time.
Don’t know how to create a business plan for your
trading business? That’s what we’re doing in the
Trading P.I.T. Club - and it’s easy when you know
how.
Don’t wait until New Year’s Day to get ready for ‘09.
Begin preparations now so that it will be your best year
yet.
Cheers
Brian
P.S. By the way, did you know that you can save $120
on the membership to the Club for a limited time? Go
here,
http://insideouttrading.com/pit/save120.html
What Are You Worth As A Trader?
Today’s message can be extremely valuable, if you’ll take just a few minutes for a very simple exercise.
The purpose here is to simply raise your awareness, so that you can take action to improve matters if you find that it would turn things in a more desirable direction.
Do NOT be offended - that is not the intent!
So the question today is very simple:
As a trader, what is your hourly rate of pay?
Have you even taken the time to at least get a rough estimate?
It’s very simple to calculate:
Take the average number of hours per week that you devote to your trading X 4.33
Now take the average net profit for your last 3 months trading.
Divide the profit by the hours worked.
This is your hourly pay as a trader.
So……
What do you think?
Is your rate of pay is substantially below where you want it to be?
If so, then perhaps a change of strategy - in how you approach your trading business - might help that tremendously.
Too many people in business pursuits of all sorts, let alone trading, never bother to take a look to see if they are being properly paid for all their efforts.
Often the trouble is the point of focus - spending time, energy and attention on the wrong things - but not that the current matter isn’t worthwhile. It is simply the mental approach to the activity as a whole.
Here are a few examples:
One trader I know in Kansas spends an inordinate amount of time trying to tweak his system because he just KNOWS that he can find a way to beat the markets. He spends almost no time focusing on his organization, emotional control (or the sources of his emotions), so when he goes to trade, his execution is dreadful and he doesn’t capitalize on his system efforts.
Another trader in Quebec reads probably 3 books a week, but doesn’t apply what he learns from the books. He is making the mistake of thinking that knowledge is the answer in and of itself. Knowledge put into action is power.
In New Zealand, we’ve got one guy that has run his trading into the ground and is about to ruin his life. He has lost his life savings and has been trading on his credit cards trying to make it all back, sure that he’s “this close”. And he hasn’t even told his wife about it. Nor is he even considering stopping. He just keeps trading away, thinking that staying active is the answer.
Okay that last one is a doosie, but the point is that these people are very busy investing their time but at less than minimum-wage.
When these people looked at their hourly pay as a trader, it was a major wake-up call for them.
Most people get into trading to find FREEDOM and a better living, not working for less than their day jobs.
This is but one of the many aspects of trading that is worthwhile to explore and act upon.
If your pay as a trader is lower than you’d like, that doesn’t mean that it is necessarily bad.
A brand new trader isn’t likely to have a high hourly rate. They are still learning the ropes.
For someone that has been trading for more than a year, however, the rate of pay should be at an acceptable level. If it isn’t, then perhaps the approach to the business of trading is what needs to be attended to.
As with any true profession, education is critical to success. Make sure that you educate yourself and apply what you learn.
I hope you’ve found this helpful.
Cheers
Brian
P.S. For a different perspective on how to approach your trading, go to:
http://insideouttrading.com/pit/
You can pick up a free copy of the 30-page report, “Traits of the Top 10%” while you’re there





