Trading Psychology Article - Stressed? Overwhelmed? Nervous? 3 Helpful Things In These Turbulent Times

August 12, 2011 by admin · Leave a Comment
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.

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Trading Psychology - “Disciplined Trader” Bonus Only Found Here

July 26, 2011 by admin · Leave a Comment
Filed under: trader coaching, trading psychology 

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

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Trading Mentor - A Valuable Lesson I Learned From My Father

June 19, 2011 by admin · Leave a Comment
Filed under: Day Trading Forex Currency, trader coaching, trading psychology 

One of the most valuable lessons I’ve learned throughout my life was from my Dad.

What is truly amazing about him and the lesson is that he never talked about it per se, he simply lived it and set the example.

Now when I was young, I was a bit shy and introverted.

We moved around the country a bit as Dad was climbing the corporate ladder, and even though I was forced to open up each time we moved, I stayed somewhat reserved.

My Dad however, was totally the opposite.

No matter where he went, he wound up making friends and getting involved.

It drove me nuts.

Heck, even taking the car into the shop to have it worked on, he’d come home having made 3 or 4 life-long friends.

The other part of the lesson my Dad was teaching me was his eager and active pursuit of having fun.

He travelled for his work, so we mostly only saw him on weekends, but when he was home, we were always off to have fun.

Sometimes it was hunting, others it was going water-skiing or taking trips.

He loved social gatherings large and small.

He was a member of the Optimist Club and volunteered his time with the Special Olympics.

And just in case there happened to be a decent golf course on the way to another town when he was working, he kept his golf clubs in the trunk of his car.

So what does any of this have to do with you and / or trading?

My Dad worked hard, but made sure he lived life.

The harder he was working the more emphasis he put on taking time out to enjoy.

Most of all, he genuinely took interest in, loved and cared about people. Everyone.

He was good at what he did in his job, but he always kept sight of the fact that work was about living, and for him, living life was about sharing it with others.

Trading can be a very solitary occupation and it is so easy to get consumed by it.

It is so easy to let trading take your time away from the people that matter that life can get way out of balance, and priorities shifted to an unhealthy and counterproductive point.

Make sure to keep an eye on your time, making sure that trading fits your life, and don’t try to fit your life around trading.

Take time for yourself, for fun and for the people in your life.

Life is short, so live it well and enjoy the journey.

Cheers

Brian

P.S. Because getting to the point of consistent profitability as quickly as possible is so crucial - and for traders, reaching that point requires professional development, this week I’m putting together something special to accelerate the process. Keep an eye out for the announcement!

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Psychology of Trading Stocks - The 5th Source of Self-Sabotage

June 8, 2011 by admin · Leave a Comment
Filed under: Day Trading Forex Currency, stock trading, trader coaching, trader training, trading psychology 

It’s been right under your nose and you didn’t even realize that it has been directly interfering with your ability to trade profitably.

We’re talking about the 5th source of self-sabotage.

Hopefully by now you’ve probably heard me explain how most of the issues that traders encounter are NOT a matter of discipline, but really self-sabotage.

You are NOT by your nature an ‘undisciplined’ person.

You do NOT consciously have the desire to be reckless with your trading capital, right?

Most say, “It’s my emotions flaring up that mess me up, feelings like fear, greed, hope and despair.”

But where do those feelings come from?

Your subconscious.

So then the question becomes,

“Why would your subconscious work against you?”
It is simply making corrections.

Whenever there is something going on that is out of alignment with who you are, your subconscious will correct the situation.

If you are trying to make something happen that is NOT truly right for you, then your subconscious will provide resistance to keep it from happening.

That’s where the 5th source of self-sabotage is coming into play.

Here’s an example that I see all the time with day traders.

Most day traders, deep down, really do NOT want to be spending 8 hours a day staring at the charts.

They want the money of course, but full-time trading is not really what they want to be doing.

What would really suit their ideal life is to be an end-of-day trader.

So their subconscious is resisting success as a daytrader and doing them a huge favor too.

Because one of the worst things that can happen is for you to become successful doing something that you don’t enjoy doing.

The same can be true for your style of trading or if you are trading beyond your skill level (risking more than you should be).

This is the underlying wisdom when you hear to trade with a system that suits you.

Because if something is not right for you, your subconscious will provide resistance.

When you are doing what’s is in alignment with your true self and desires,

when you have developed the proper skills and tools to deserve the success,

only then will your subconscious will stop sabotaging your efforts - because there is nothing to correct.

Everything is in alignment, so your subconscious will now allow your success.

_

This is one of the main reasons that I created the Trading System Mastery Training and included the various support materials - so that you acquire and develop (all in one shot) everything you need to put your subconscious at peace.

When you you’re good at trading, you know you’re good, and you know what made you good, then your subconscious will support you rather than sabotage you.

Start right now to put an end to self-sabotage and other ‘discipline’ issues by acquiring the skill set and process that fixes the cause of the problems.

Click here to let your subconscious support you rather than sabotage you

Cheers

Brian

P.S.  Please don’t let foreseeable mistakes happen.  Start your trading turnaround right now and take these first steps to enjoying the success you know you should be as a trader.

P.P.S.  What are the first 4 sources of self-sabotage?  You find out about them in the video that is one of the bonuses with the training program.  Don’t just sit there!

Click here to let your subconscious support you rather than sabotage you

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Forex Trader Training Video - “Moved to Tears”

March 30, 2011 by admin · Leave a Comment
Filed under: forex, trader coaching, trader training, trading psychology 

“Moved to tears…”

A friend of mine from my younger days once said that it takes heart to be tough (he came from a pretty rough upbringing), and I’ve found his words to be true about success as well, especially in trading.

It takes more than ‘being serious’.

It takes heart.

In this short video, you’ll discover the ’success formula’ of a very successful and well-loved man whom I greatly admire.

Enjoy

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