[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.
Trader Training - Being Dependent On Others Sucks
Filed under: trading as a business, trading education, trading psychology
It really is liberating when you no longer feel the need to look at them any more.
When you can just go about your day without feeling torn about whether you should or not.
It only makes sense though.
I mean why were you looking in the first place?
I know that for me, I used to look all the time because I felt almost like I had to.
It was almost like I didn’t have a choice.
I suppose that in truth in some ways I didn’t.
I just HAD to look, because I was missing what they were offering.
I just HAD to open those emails and listen to the pitches for those hyped-up trading systems, because what I had wasn’t working and I didn’t know how to fix it or create a system of my own that would work.
Being dependent on others sucks.
That’s why it is SO liberating when you finally acquire the skill-set to take a system, ANY system and make it work.
When you have what you need, you don’t have to look any more.
You can even laugh about it when you do decide to take a peek, just out of curiosity.
When you can stand on your own two feet as a trader, that’s freedom.
You are truly independent when you have the know-how and skills to take care of yourself.
But you only get that freedom when you decide to make yourself self-sufficient, through the right skills and know-how.
Begin your liberation right now
Cheers
Brian
P.S. Wouldn’t it be nice to feel that sort of liberation for yourself?
Trading as a Business - An effective method to help you realize your goals
Filed under: trader training, trading education, trading psychology
Brian here with a few thoughts on how to support your efforts in 2012.
We all know the value of writing down goals and objectives, and that’s the first part of today’s exercise for you.
Step 1. Clarify as best you can your top 3 goals for this year.
Step 2. Write them down on a piece of paper.
Now we come to the second part of today’s action and this can be very powerful in helping you actually reach your goals.
Publicly declaring them.
Once you declare your intentions and put your goals out there for the world to see, you now have also given your subconscious the message that you will not accept anything less.
You are making it clear and you are not just keeping it ‘your little secret’ which can be easily dropped.
Now you have witnesses to your intention and that gives you mental leverage.
So your next action becomes easy.
Step 3. Post your goals in a comment below.
Simple. Powerful. Now go do it.
Have a great weekend!
Cheers
Brian
P.S. Now is the time to do everything you can to further energize whatever motivation you have regarding your goals.
Holiday hours for Futures exchanges + a Cheshire cat’s wisdom
Brian here with the holiday hours for the Futures markets, and a bit of wisdom from the Cheshire cat.
1. You can access the hours for the Futures exchanges here,
http://www.zaner.com/3.0/market_information/hot_topics.asp
This comes to you compliments of my good friend and colleague Larry Schneider at the Zaner Group.
2. Here a wisdom applicable to your trading from the Cheshire Cat,
Alice: “Which way should I go?”
Cheshire cat: “That depends on where you are going.”
Alice: “I don’t know where I’m going!”
Cheshire cat: “Then it doesn’t matter which way you go.”
- Lewis Carroll
1872 Through the Looking Glass
So many traders come to me for help because they are tired of NOT knowing what to do, and what direction to take.
Even when I ask the question directly, “How can I best help you right now?”, often the reply is “I don’t know.”
I know how they feel because I’ve been there too,
…feeling rather lost and having tried so many things without results, to the point of no clear answer on how to get things working.
This is one of the “business lessons” that you learn when you start working for yourself, as all traders do.
It is a simple illustration of the importance of having a plan for properly starting up the business and getting it to sustainable profitability, over and above having a system.
The hardest thing to “get” for many who’ve never started their own business before is how taking the time BEFORE getting too busy and to plan, actually saves massive wasted time, effort and money.
If you and I were on the phone and you told me that you’d been ‘trying’ for years to get your trading working, but that you thought it a waste of time to plan it out, that it’s just better to get making some money and then figure it out, I’ve found that the best way to convey the message is with this simple question:
“If you can’t build consistently profitable operation on paper, how do you expect to do it in the real world?”
Just like we do in the Trading P.I.T. Club training program, you start by giving yourself direction.
There’s a right way and wrong way to determine which direction you’re heading.
“Make lot’s of money” sound enticing but is NOT clear direction, and will leave you running in all directions chasing it AND have you still running years later.
Giving your long-term operation good and useful direction requires a sensible and business-like process.
Alice was asking for direction, but had no idea how to even figure out where she wanted to go.
Do yourself the favor of saving time, stress and waste by planning your trading business out the right way.
Treat your trading as a business by starting with proper direction
It really makes so many things much easier.
Cheers
Brian
P.S. I got an email the other day from a guy that just wanted to see if there was a real person here - yes I’m real! Send me a note and let me know if you have any questions and how I can best help YOU. 
Psychology of Successful Trading - Tip #6 for A Great 2012
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.
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