Trading Psychology Article - Stressed? Overwhelmed? Nervous? 3 Helpful Things In These Turbulent Times
Filed under: stock trading, trader training, trading psychology
Are you feeling stressed out with all the horrible and forboding news lately?
Are you feeling overwhelmed with all your responsibilities on top of your trading?
Are you nervous about your ability to survive and profit in your trading?
Well then you are NOT alone.
I’ve been getting a lot of emails over the last few days from subscribers that are really on the verge of panic with all that’s going on, both in the financial markets and in the world in general.
It’s quite understandable too.
Some of the events are pretty scary since there’s not really anything an individual person can do anything about, and they’re certainly hard to ignore.
Fortunately, there are a few things you can do,
A few matters which ARE within your control which you can address to make a difference in your world.
1. First, keep things in perspective and use your ability to think strategically and NOT just tactically.
Remember, the markets are people responding to events.
To help restore your confidence if it’s been shaken, watch this video
In turbulent times like these, you’ve got a lot of people that are very fearful and emotional. On top of that, the events that trigger the response patterns are occuring more frequently, plus people (the markets) are a bit over-sensitive compared to ‘normal’ conditions.
This makes for circumstances where things are even more unpredictable than usual.
So how might you approach this predicament?
Apply some strategic thinking.
Take a closer look at your system, particularly at the reasoning that it’s based on, the current climate (high volatility, overly sensitive masses, etc.) and consider if it is really suited to these circumstances.
It may be a solid system during less volatile times, but if you’re going to trade, maybe this system should be put on the shelf for now.
For example, if your system is dependent on a high winning percentage and / or nice ‘trending’ price action, then this might be asking for trouble.
It might make more sense to stay on the sidelines until things settle down if you’re not confident in your system to perform reliably when things are like this.
I know there are a TON of traders that would have been better to be OUT of the markets during 2008 and 2009.
Remember also to NOT antagonize yourself with the wild market moves, focusing on the money being made and “missing out” on it. That causes many traders to trade recklessly and get seriously hurt.
2. To help address feeling overwhelmed, here’s an article I just received this morning that very nicely details a method I’ve used myself for years.
Download the pdf here (no optin required)
On that page you’ll see several different resources, but the pdf is right there for you.
3. If you’re nervous about trading in these turbulent times and not sure what to do with things all crazy again, and you want to be able to trade with some confidence, knowing that you can deal with the changing marketplace and economic climate, then here’s what to do to alleviate your anxiety the right way.
Change is inevitable, whether driven by specific events or just the natural evolution of things, so you absolutely MUST have a solid process to ADAPT.
Randomly making changes is one thing, where you simply ‘try’ one thing or another, hoping that something will work, but that’s not a very wise way to conduct your trading business.
The much smarter way to be is to make changes in a very calculated and business-like manner.
This is the ONLY way to make sure that you keep moving in the right direction without just throwing money at it.
Trading scared or nervous is NOT the way to trade.
This is serious business and challenging enough when things are ‘normal’.
If you’re feeling anxious about trying to trade in times like these, then put yourself in the position to have a very well-founded confidence, the kind of confidence you need to keep your cool and trade smart.
Remember, by having a specific PROCESS which includes adapting in a wise manner counters that anxiety by replacing it with confidence.
Gain the skill-set that gives you that rock-solid confidence
Cheers & Happy Friday!
Brian
P.S. Don’t just sit there thinking that ‘focusing on discipline’ and following your rules will save you in times like these.
Apply your reasoning and take appropriate action to effectively deal with the situation and make it a positive one rather than a repeat of 2008 and ‘09 when so many traders took a viscious beating.
Here’s another video that has been tremendously helpful for hundreds of traders.
Trading Psychology - “Disciplined Trader” Bonus Only Found Here
Now is the time, and through my link ONLY should you get the “Disciplined Trader” course.
“Why?”
Permanent versus temporary.
Because you want to attend to your discipline challenges permanently, not temporarily.
In order to permanently fix a problem, you have to truly understand what’s causing it.
If you only treat the symptoms, then the problem is likely to come back again at a later time.
In my experience helping traders over the last 5 years, I’ve found that
‘discipline’ problems are more of a practical matter than a psychological one -
…and almost always related to doubts regarding one’s trading system.
When you have a solid handle on something, when you’ve mastered it, you just don’t have discipline issues.
When the pressure is on, if you DON’T have it truly mastered, that’s when doubts and fears come in and mess with you and create the ‘discipline’ issues.
Well-founded confidence trumps doubt and fear every time.
When you fix your system issues and establish a truly solid confidence in it (by using the correct process of course), that’s when you can make those huge steps forward in your trading.
Now does this fix EVERYTHING?
Only about 95%
There may be a some lingering associations, patterns and conditioned responses from the past, but once the real source of the problem is addressed (again, solid confidence in your system), then these can be put to bed for good.
This is where Norman’s course comes in.
Here’s how to get the complete solution.
Signup for The Disciplined Trader Course using MY link below and I’ll give you access to the Trading System Mastery Home-Study Program as a bonus.
http://www.thedisciplinedtrader.com/?10068
This way your discipline issues will be tackled completely and permanently!
Of course, if you have any questions, just let me know.
Cheers
Brian
[Trading Psychology] Could It Possibly Be That YOU Aren’t The Problem Afterall?
Filed under: forex, trader coaching, trader training, trading education, trading psychology
Could it possibly be that YOU aren’t the problem afterall?
I hear it all the time: “If I could just get out of my own way!”
There is another huge contributor that nearly EVERYONE overlooks - because they don’t know to question it.
A little investigation usually reveals that the hesitation, chasing bad trades, staying in too long or getting out too early are happening for a reason OTHER THAN a lack of discipline.
And this is very good news.
Why?
Because issues such as a true lack of discipline can take a rather long time to overcome, especially if you want the change to stick.
But if the problem is with the system and NOT you, the trader, then fixing it can happen within a very short period of time.
The thing is, you have to know what’s broken in order to fix it.
That’s where I can help you, because of my years as a Quality Engineer.
Consistent and good performance is sort of problem is one for which I was specifically trained.
An average of about 30 days or 4 short weeks can produce a HUGE transformation in your trading
…if you simply focus on the right matter and have the right help to address it.
If you haven’t already seen it,
click here to check out this video
You’ll have a better understanding of the problem and the solution.
After you watch the video, click the link below it to begin your turnaround.
Cheers!
Brian
P.S. Seriously, problems like “Hesitation”, “Getting Out Too Early”, Staying in Too Long”, Chasing Bad Trades, and most of the other issues that fall into the ‘psychology’ category all have a common factor (and no, it’s not the old “discipline” fallback).
These usually come about due to one primary contributor that nearly EVERYONE overlooks.
Find out what it is and what to do about it here
Four Forms of Self-Sabotage In Trading That Kill Trading Accounts
Filed under: Day Trading Forex Currency, forex, stock trading, trader coaching, trader training, trading as a business, trading education, trading psychology
Do you sometimes sabotage yourself in your trading, and subsequently getting really frustrated with it?
It can be equally frustrating trying to figure out what specifically is causing it and what to do, huh?
Part of the reason for the elusiveness of the answer is that there is more than just one cause.
There are actually FOUR forms of self-sabotage in trading.
And right now, you can get access to a video that explains all four - for free as a SPECIAL BONUS.
Click here right now
Have a safe and enjoyable holiday weekend!
Cheers
Brian
P.S. DO NOT miss out on this! If results are what you seek, but they have eluded you so far, then this will make that difference you’ve been looking for - I guarantee it!
Psychology of Trading Forex - Lesson From The Trading System Mastery Coaching
Filed under: Day Trading Forex Currency, forex, trader coaching, trader training, trading education
Today I have a freebie for you.
In this video, you’ll find one of the numerous lessons that are part of the “Trading System Mastery Accelerated Coaching”.
It is SO important and even though it is very simple and straightforward, many traders neglect it - and suffer because they don’t attend to it.
Many of my clients enroll for the coaching because they are tired of fighting hesitation, lack of confidence and a handful of other challenges.
In today’s video, you’ll be reminded of one of the simple and very practical matters that can have significant results for you (plus you’ll get a perspective on trading systems that is a bit different from most).
Click here after watching the video
Cheers
Brian
P.S. NOW is the time (actually a bit late) to take action to get next year off to a solid start. Begin your trading turnaround right now with today’s video
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