Psychology of Successful Trading - Tip #6 for A Great 2012

January 9, 2012 by admin · Leave a Comment
Filed under: trader coaching, trading as a business, trading psychology 

Brian here with Success Tip #6, and probably the most important one of all.

The last tip I sent you was about the 4 different groups of traders and how the first two groups never realize their goals, while the third group is on their way and the fourth group has arrived and enjoys all the benefits of successful trading.

The key is to be mindful of where you are now and do what you need to do, make the changes you need to make, if you do indeed want to make it to the 4th group.

The most critical and integral action that makes that happen is to PLAN.

You may have heard the life wisdom,

“The best way to predict the future is to create it.” - Peter Drucker

The reason WHY planning is such a high-ROI activity and such an incredible money-making tool is because it eliminates so many drains that often kill great ventures.

Now you may be thinking that trading is such a simple business that planning is not very necessary to become successful.

Sometimes I hear [not-yet-successful] people tell me that the planning is such a pain, that they’d rather just get busy doing.

And so I ask them a very direct and pertinent question:

“If you can’t build it on paper, how do you expect to do it in the real world?”

The plan is how you bridge the two, taking it from idea to tangible.

Plus when it comes to the psychology of trading, planning serves another extremely powerful function.

When you plan, you operate with confidence rather than courage.

What is the difference between courage and confidence?

Courage is when you hope to succeed, and act in spite of the fear of the challenges before you and the possibility that you will fail.

Confidence is when you know you will succeed, regardless of what challenges confront you.

When you plan, you foresee your obstacles and address them ahead of time.

When you plan, you make the path to your success direct, thus avoiding tremendously costly detours and delays.

When you plan, you make your success visible and tangible, which gives it staying power when challenges do come your way, and this keeps you going.

When you plan, you become efficient and effective.

With a plan, you gain control over your outcome.

A reasonable plan is the best assurance you can give yourself that you will indeed realize your goals and objectives, and in an acceptable time frame.

Subsequently you give yourself the best odds of receiving the rewards you desire.

Without a plan however, you deny yourself the opportunity to influence your outcome and are left only with hope.

Which is like flying without a flight plan or leaving port without a map.

You may make it to your destination, but you have to hope you don’t run out of resources before you finally get there.

The same is true in trading, but planning out a profitable trading operation is not easy without help and guidance.

Get help planning your trading success here

Brian

P.S.  You’ve invested your money and yourself in your trading business, so give yourself the best advantage you can by properly planning out your success.

Get help planning your trading success here

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading As A Business - Success Tip #5 for a great 2012

January 8, 2012 by admin · Leave a Comment
Filed under: Uncategorized 

Brian here with Success Tip #5 - Decide right now to live your life on purpose.

Living on purpose means to give your life and the various parts of it very specific meaning.

It means that you will benefit greatly if you live and trade for something more than just ‘to make lots of money’.

It also means that you should understand something about yourself and your motivations.

I’ve been in this spot before too, so don’t feel bad and definitely do NOT be offended.

But I’ve found that traders will generally fall into 1 of 4 groups:

Group #1. When you’re in this group, you’re very unhappy with your life and you are mostly just running away from it.

You don’t know for sure what you want, you just know that “this isn’t it.”

You’re so highly motivated to get away from the status quo that you are easily sold just about anything that promises the escape, even if it is easily seen to be an unrealistic solution in retrospect.

Because of your near-desperation, you are also the most likely to be taken for a ride by the many scammers and charlatans in the trading space.

Group #2. When you’re in the second group, you are still unhappy too, but you’ve made just enough progress to reach a point of tolerance.

You still don’t know very clearly what you want, “this” still isn’t it, and what you’re doing still isn’t making you happy, but things are tolerable, so you don’t readily take action.

You’ve “tried and failed” with enough attempts and seen enough crap, that you are hesitant to believe that anything will make a real difference.

Your current situation isn’t really working for you, but it does have an odd comfort and security in it, enough so that you usually opt to do nothing rather than change.

In this group, you are like a frog in the frying pan where the heat has been slowing turning up, so you are just waiting to die.  You are uncomfortable, but not enough so that you’ll jump out and save yourself.

In group #2, these are the traders that often have their trading careers suffer a long, slow and rather painful financial death.

Group #3. The third group is significantly different.

In group #3, you too are not happy with your current situation, but you know where you want to be.

You’ve gotten clear on where you are going, and what you want things to be like when you arrive.

You have clear, measurable objectives, a time frame, and often a plan on how and when you’ll get there.

When opportunities come to you, you can look at it and see if it matches up with your plan and your objectives.

This is tremendously freeing because now, instead of being so tempted and torn when the latest new system or gadget is being promoted and promising, you can quickly and comfortably see if it fits with you, and dismiss it without any issue and with minimum wasted time and energy.

You enjoy not having their time or attention sucked away by all the tempting but not-well-aligned distractions.

You can also see very quickly when something that will truly help you DOES fit with your plan.  You jump on it, benefit from it and feel good knowing that you’ve taken action, that you’re one step closer, and that it was indeed a worthwhile move.

You continue to make progress because you know where they’re going, what you need to get there and you easily recognize those things and acquire them without remorse.  You keep taking those necessary steps in the right direction.

Your decisions are fairly easy and you maintain momentum.

You are in this group temporarily, because since you are organized, you move fairly quickly into group 4.


Group 4. You are now among the traders that have arrived.

You no longer spend all day wondering how you’ll survive or if you’ll make it.

Your time is spent exploring how you’ll expand your trading profits, and how you’ll spend your time with your family and personal interests.

You feel relaxed, secure and fulfilled.  You also feel generous, experiencing abundance and have the strong desire to help others.

My job is to help you get into Group 3 if you’re not already there, and then as quickly as possible into Group 4.

What makes the Groups 3 and 4 different from the other two is living on purpose.

A large part of ‘Treating your trading as a business” is getting clear, as in Group 3, and then continuing as you move into Group 4.

You don’t just happen along through life.  You give yourself direction and get clear on your purpose and what you are trying to achieve.

You don’t have to be a maniacal Type A to do it.  It’s about ending the waste, even if you choose to go at a relaxed pace.

Don’t wait for next year.  Now is the time to begin.

Brian

P.S. It’s nearly impossible to get into Group 3 or Group 4 without approaching the problem differently than when you’re in Groups 1 or 2.  You can’t just sit in the frying pan hoping for better while making no changes.

You have to do things differently to get different results.

And it all begins with YOU.

This is your final notice about the killer package deal on two truly transformational trader training programs.

Accelerate Your Arrival to Group 4 by clicking here

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Day Trading Coach - Success Tip #4 to make 2012 a GREAT year for you

January 7, 2012 by admin · Leave a Comment
Filed under: Day Trading Forex Currency, trader coaching 

Brian here with Success Tip #4 to help you make 2012 a great year.

Success Tip #4 - Decide to live consciously.

Living consciously means to be very aware on all levels and at all times.

To continually be very much here and now,

… not caught up in the trappings of the ego and the intellect,

… not lost in the fears of the future or regrets of the past,

… but fully experiencing what is happening right now, both inside you and around you.

So much of the time we get lost in our thoughts or distractions that we are effectively UN-conscious and not fully awake.

Subsequently much time passes and we weren’t really even there.

It’s so easy in today’s world, with current technology to get completely caught up.

You’ve got tons of entertainments, distractions, and other things constantly screaming for your attention and drawing you in.

Time to get back to living consciously and simply waking up to the world wide world (I love that term by the way).

Life is too short to go through it half-asleep, missing most of it.

Live consciously and LIVE!

Brian

P.S. There is still a small window of opportunity for you to truly become the trader you want to be, as there are at the time of this writing, still 11 spots open for the package deal on two truly transformational training programs.

Begin your transformation starting right now

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Forex Mentor - Success Tip #3 for 2012 + a reward for the good kids

January 7, 2012 by admin · Leave a Comment
Filed under: trading education 

Brian here with Tip #3 to help you get 2012 off to a good start.

For review:

Tip #1 - de-clutter.  Pick an area and clear out the clutter.

Tip #2 - FOCUS.  Choose you 3 highest impact ‘to-do’ items and make them your highest priorities, posted separately and prominently where you’ll keep them front-of-mind.

Tip #3 - Leverage your resources for maximum return, especially your TIME.

TIME IS MONEY.

That’s one of the reasons why Venture Capitalists insist that all proposals brought to them have a business plan.

Venture Capitalists understand that a profitable business takes some time to build, but before they fund a project, they want to know WHEN they’ll be getting their investment back out of the project and available for new projects, and of course, WHEN to expect profits to begin flowing.

Time is a HUGE consideration in the world of making money.

Every month that an investment is NOT producing, everything is working against you.

Not only is income NOT made this month, but the effect is exponential when you look at the future value of the account.

And for a delay of a YEAR OR MORE???

Wow does that hurt!

The other strong consideration is the finite nature of time.

You can always make back money lost, but you can NEVER get back time lost.

That’s why activities like planning, organizing, training, and getting help are SO valuable.

These activities significantly shorten the time required to reach milestones and objectives.

How would you feel if you had a REALISTIC plan for YOUR trading for the next year, including a REASONABLE and sound financial forecast?

I imagine it would give you a tremendous sense of relief, and probably a bit of security too.

Now planning out a successful business, especially a trading business due to it’s unique nature, can be a bit of a daunting task - one of the reasons that it rarely gets done.

But it can be relatively easy when you have someone to guide you through the process, step by step.

That’s why I created the Trading P.I.T. Club, to make it easy and time-efficient to actually get a solid business plan assembled for your trading business.

Now, organizing a successful, long term, reliable business doesn’t happen overnight.

But as Venture Capitalists know from experience, having a solid business plan is the best assurance of success - and in a reasonable time frame.

If you’re ready to make your success a reality, then get started right now.

Oh yeah, one more thing.

The reward for the good kids, the ones that actually took vacation over the holidays.

I had a number of traders contact me letting me know that they did indeed unplug and disconnect for the holiday break, and thus they missed the window of opportunity to take advantage of the special offer.

Rather than punish you for taking a break, it makes sense to reward you for doing the right thing and taking some R&R.

I decided to open the doors for the next 25 and give you a second chance.

Act now as this is a HOT opportunity to make a HUGE difference in your trading - and will NOT last long!

Shorten your time to profitability by getting started right now

Cheers

Brian

P.S.  Life is short.  Besides, I’m sure you don’t want to have to wait any longer than necessary to get your trading under control and have a realistic plan for your year.

P.P.S.  I’ve had a few people ask how my Quality Assurance background is helpful for traders.  Fair enough:  Quality Assurance is the science of getting a business under control for both a predictable outcome and consistency.  VERY applicable for trading!

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading Coach - Tip #2 for getting 2012 off to a good start

January 6, 2012 by admin · Leave a Comment
Filed under: trader coaching 

Brian here with Tip #2 to help you get 2012 off to a good start.

Day before yesterday I sent you Tip #1, a simple exercise which is very helpful.

Pick one area and de-clutter it.

Now that message spoke to physical areas, like your house, office or trading area, and also to your routines and how you spend your time.

Clearing away clutter helps by eliminating those things that take up your resources.

Today’s tip is along the same lines, and has both impact both now and over the longer term.

Take out your “To-Do” list and your project lists.

Go through them and pick the most important Top 3 items, those that would have the greatest impact on your life, above all the others.

Choose those which, if 6 months from now you only got 3 things accomplished, these would be the 3.

Now take out a separate sheet of paper and write or type them out in large print and list only these 3 objectives.

Now FOCUS.

As you go through your days, be aware of what you are FOCUSing on.  Of what you are spending your time, attention, energy and resources on.

Keep your focus, make some progress on the truly important matters and finally break the cycle of distraction, wasted time and remaining in the same spot month after month.

Cheers

Brian

P.S.  Give yourself permission to reflect on what it will be like when you are making progress, how it will feel as the changes occur.  Be aware that some anxiety may come from the ‘newness’ of it, and that it is ‘change’.  Allow as best you can to open to new possibilities, and to enjoy them!

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Next Page »