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!
Psychology of Trading - Last Chance for the “Disciplined Trader Basics Program”
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”
Forex Trading Psychology Article - Do You Have The Winning Mindset?
When it comes to trading Forex, your mindset is the most critical aspect on which to focus, but what specifically does that mean, and how do you go about it?
Most traders I work with have that question initially, and it is very worthwhile to pursue because EVERYTHING depends on your state of mind when you are trading.
Okay, so what does ‘mindset’ mean in practical terms?
Your mindset is the set of expectations, beliefs, attitudes, doubts and desires that you bring to trading. Yes, this sounds like a pretty broad list, and it is - your mind is not a simple place. It is quite complex.
Yet at the same time, getting your mindset right for good trading does NOT have to be an overwhelming task.
First thing to understand that much of your mindset is determined by a handful of perceptions. These perceptions include what trading is all about, your relationship with money, and your self-image.
The reason that so many very intelligent and otherwise successful people struggle when it comes to trading is because they underestimate what trading is, what all is involved in successful trading, and what it takes personally to make it as a self-directed independent trader.
They struggle NOT because it is such a complex or inherently difficult occupation. They struggle because they fail to take the simple steps to make it a successful pursuit.
Why do they fail to do this?
Primarily lack of guidance. Trading is perceived as such a simple endeavor that many think that they can just go it alone, getting their education on forums and in articles. While these can be helpful, this is one of the most difficult ways to learn a profession, which trading is.
Those that at least partially recognize that trading truly IS a business, albeit one with low barriers to entry, give themselves a HUGE advantage.
How is that?
Because the simple act of recognizing the nature of the activity brings with it a host of perspectives, attitudes and expectations that put you in a very advantageous mindset - the right mindset to win.
This is why the trading wisdom, “Treat your trading as a business” is SO crucial and more important than most realize.
When you treat your trading as a business, you inherently shift the odds of making it away from failure and towards success. The business-like approach and mindset bring a calculated approach to your trading.
To see how well you are treating your trading as a business, there is a FREE quiz you can take.
Often times it is in knowing the right questions to ask…
Cheers
Brian
“The Trading Turnaround Coach”
P.S. There is no cost or signup required to take the quiz. Take a few minutes right now and answer a few questions. Oh yeah, I almost forgot, it’s anonymous, too, so you don’t need to worry about anyone knowing your business. 
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