Trading Psychology - 3 Big Aggravations You Shouldn’t Tolerate
More than likely, you have 3 HUGE aggravations in your trading if you’re like most traders - and you should NOT tolerate these because they really are completely unnecessary.
The first (and in some ways, the most irritating) is knowing that there are people making it in trading, and they aren’t half as smart as you.
- They haven’t put in nearly as much effort as you.
- Haven’t sacrificed as many evenings or weekends that could have been spent more enjoyably.
- Haven’t tried nearly as many systems or strategies as you have.
- And yet, they’re making money, relaxing when its time and feeling pretty good, while you’re still beating your head on the rock and bleeding, and not getting nearly as much good sleep as you’d like.
The second is knowing that there are plenty of trading strategies and systems that are readily available to you, but you don’t know how to find them, and even if you did, you don’t have a process to know if is one that would suited you well and actually produce the way you wanted
Well you could find out by just going ahead and trying it, but that kind of stinks too, huh?
And it doesn’t help that it seems like every Tom, Dick and Harry has a system for sale, with everybody and their brother sending you emails promoting it.
Same problem: “Does it really work, and even if it does, would it work for ME?”
No method to KNOW without trying it.
And if you say “No” then you’re left toiling over whether you missed that “one system” that will fix all your problems just like they claim.
More aggravation. More stress.
The third aggravation is probably the worst, because this one is simply being stuck in the same crappy situation of NOT having achieved what you originally got into trading for, and even after all the different things you’ve tried, all the effort you’ve put in, you’re not getting there and you don’t know what to do.
Personally I hate it when I’m stuck and at my wits end as far as what to do.
I’ve tried everything I can think of and still not getting the results I want.
One thing I’ve learned over the years is that if I find myself unable to resolve a problem on my own and I’ve given it a decent shot, to be smart enough to seek out help and a different approach to the problem.
And it always seems that when I’m finally ready for the teacher, the teacher does indeed appear.
At that point all I have to do is be willing to accept the help that’s being offered.
Cheers
Brian
“The Trading Turnaround Specialist”
P.S. Sometimes I’ll get an email from someone that just has a hard time believing that nearly all their problems can really be resolved so simply, to which I reply,
“You’re fully capable of making it. Trading is NOT beyond you. Just focus on the right things and you’ll find that you’ve conquered considerably more difficult challenges in your life than trading.”
That’s why I’m here. To help you find that short and very realistic path.
Fx Currency Trading - Systems, Systems Everywhere…
Filed under: Day Trading Forex Currency, trader coaching, trading psychology
You know the old saying, “Water, water everywhere and not a drop to drink.”
If you’re like many traders, you probably feel the same about trading systems.
They’re all over the place.
Tons of garbage.
Some that work.
There are systems all over the place and you’re tired of NOT having a system that you feel really secure with.
And you just want to find ONE that you KNOW works and that you can rely on, right?
And even when you do get a new system, even if it sounds decent and there’s enough ‘proof’ from the creator, you still have your doubts, huh?
It seems nearly impossible to really feel confident that you can relax and just trade.
And then sooner or later, you hit those losers that send your confidence off circling the drain (again), and now you’re second-guessing that system.
Aggravating as heck, isn’t it?
I know how you feel.
You see, the problem is NOT that there are ZERO working systems available.
You already KNOW that there are quite a few of them around.
The problem is that you don’t have a way to filter through the thousands of choices to what is likely to suit you, plus…
you don’t have a way to KNOW when you choose one, if what you just got is going to live up to your expectations.
So you live with doubt, and that makes sticking to your system really tough.
And since you don’t have a way to establish the confidence you desire, you trade it for a short while, but it doesn’t take long and you start messing with it.
So you rarely get to trade with that system long enough to establish the confidence to overcome the doubt.
Now for the good news.
You can attend to all 3 major aggravations by addressing one matter.
Even better, this solution is sensible, simple and very business-like.
- How would things be different if you could take a look at a system and immediately know how “trade-able” it is, how easy or difficult it will be to trade?
- How would it be different if you could very quickly KNOW the true profit-potential for a trading system, and it potential downsides, TO THE DOLLAR?
- How would it be different if you could know what you can and should realistically expect from your system in terms of winning percentage and profit-to-loss?
By acquiring the right skill-set, you eliminate the primary source of all 3 aggravations:
1. Not having a system that you can rely on (it’s not so much the system as your ability to know with reasonable assurance what to realistically expect from it)
2. Not having a way to establish confidence in your system (or any system) without having to risk significant sums in the markets to do so
3. Not having a way to evaluate a new system and know how trade-able it will be or if it will be difficult to follow and trade consistently (being left to find out the hard way)
Attend to this essential trader core skill right now and realize that HUGE difference in your trading experience.
Seriously.
Click here to begin your new (and better) trading experience right now
Cheers
Brian
“The Trading Turnaround Specialist”
P.S. Why do I seem like I’m pushing this so hard? A short while back a colleague of mine asked me a very pointed but worthwhile question: “Brian, if you only had 1 minute to talk to someone and could only give them one piece of advice, what would you say?” I thought about it and it quickly became clear that out of all the things I could suggest, this would definitely be the best recommendation I could give.
This really is the game-changer because it turns YOU into a much more skilled and able trader.
Click here to begin your new (and better) trading experience right now
P.S. How can I make such bold claims? I am a Quality Assurance Engineer - which means that I have both the experience and the training to take a business activity (like trading), determine why its not working, to make it work, make it work well, and make it work consistently and reliably - all in a very calculated and business-like manner.
Elliott Wave Presentation to Help You Understand Market Movements
If you like making sense of the market and the different moves, then Elliott wave theory is sure to be of interest to you, as it sheds light on the underlying mood at the moment off the markets.
To help you gain understanding, check out this presentation done with Sam Purdue, a very sharp yet easy to understand guy.
“Trading With Elliott Waves”
with Professional Trader Sam Perdue
An Interview and Q & A Session With Sam Perdue, Professional Trader
Sam has been an Elliott Wave aficionado for years and has coached numerous traders on this trading method.
Sam has also created Trading Synergy, a software company devoted to making Elliott Wave trading easier and more efficient.
On this webinar, you’ll discover:
- The history of the Elliott Wave Theory
- The development and validation of the method
- How you can use it to enhance your trading profits
No cost, no optin. Just enjoy!
Click here to go to the webpage with the video
Cheers
Brian
[Trader Training Video] Psychology of Trading Basics - Take the Offensive
Do you sometimes feel powerless in your trading, just kind of roughed-up and unable to affect your future? If so, I know how you feel.
Instead of just continuing to take it on the chin from the markets and the scammers, take the offensive.
In this video I share my own personal experience with this, how I turned it around, and how you can too.
Click here when you’ve finished the video
Cheers
Brian
[Trader Training Video] How to protect yourself from getting scammed
Brian here with a reminder to protect yourself against getting scammed.
Here’s a short video with some tips on what to watch out for.
Have a great weekend!
Cheers
Brian
P.S. Oh yeah, one other thing to keep in mind: in the game of trading, sometimes a great offense makes for a great defense.
By focusing on becoming a better, more skilled trader, you also arm yourself against the various temptations that the scammers lure people in with.
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