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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Exclusive, Must-Have Bonus For Norman Hallett’s Disciplined Trader Training

August 2, 2011 by admin · Leave a Comment
Filed under: trading psychology 

Brian here and you’ve been getting emails from everyone about Norman Hallett’s training program, “The Disciplined Trader”

Very good program and well worth the investment, but it’s missing something

Something that you MUST HAVE if you truly want to put your ‘discipline’ issues behind you for good.

Now don’t get me wrong, Norman’s program does what it is designed to do:  attend to the ‘psychological’ aspects of your discipline, yes I do recommend the program - I’ve known Norman for years, and he’s got integrity.

In over 5 years of helping hundreds of traders myself, there it has become very clear that everyone seems to miss a key element to COMFORTABLE discipline that comes naturally.

Without this key element, that’s why the ‘discipline’ part of trading is so tough and requires so much effort…

.
So what is this “key element”?

Let’s take a closer look at the situation.

What makes ‘discipline’ so tough in the first place?

What’s going on inside of you in those moments when your ‘discipline’ breaks down?

Fears and doubts.

You’ve got the fear that the markets will turn against you and turn this trade into another loser.

This fear is telling you that you have serious doubts about your system to deliver.

Because your system is what is supposed to give you setups that work in your favor enough of the time to keep you comfortably profitable.

So that’s another fear:  your system isn’t up to snuff.

Then you probably also have the fear of not executing the system like you’re supposed to.

Again, this comes down to doubt about your system and your proficiency with it.

So how do you attend to these doubts and fears (yes there are others, but they almost all come back to you and your system)?

By filling in the gap that allows these doubts and fears to exist.

By filling that gap with CONFIDENCE.

And you get that CONFIDENCE in your system and yourself by quickly developing the MASTERY that you know you want but don’t quite have.

That voice in your head that says you think you have a pretty good system, but you have doubts.

You quiet that voice with CONFIDENCE through the Trading System Mastery home-study program

which you get for FREE as a bonus when you sign up for the Disciplined Trader course using MY link below,

Get the MUST-HAVE bonus to make ‘discipline’ a non-issue here

IMPORTANT!  You ONLY get the Trading System Mastery bonus for FREE when you use MY link.

If you register through someone else, then the price is $297, so make sure to get it HERE for FREE by going through my link (right now).

Cheers

Brian

P.S.  The Disciplined Trader training registration closes at midnight tomorrow and may fill up before then, so make sure to reserve YOUR seat NOW.

Gain the CONFIDENCE YOU NEED to make discipline problems go away

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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 Psychology Training - A Very Simple Exercise to Train Your Subsconcious

April 8, 2011 by admin · Leave a Comment
Filed under: trader coaching, trader training 

Just yesterday I had one of my clients ask a GREAT question while we were talking about overcoming the challenges related to simply doing what you know you’re supposed to do.

Here’s his question:

“Brian, do you have any NON-trading related exercises that I can do, in addition to the others you’ve already given me?”

So I share with him one of my favorites, which you can do any time, any where and for any length of time you choose, plus it is wonderfully simple.

Here’s how it works:

Very consciously, you decide to do something very simple - and preferrably physical.

Then you do it.

Then you choose another very simple thing to do, then do it.

For example, you might decide to raise your right arm.  Then after making the decision to raise your arm, you raise it.

Then you decide to look at a particular picture on the wall, and then you look at it.

And so on for as long as you like.

The purpose of this exercise is to CONSCIOUSLY decide to do a thing, then you follow through with it.

This gets you in the habit of making decisions, and following through, while being very conscious about it.

This also trains your subconscious to stop doing everything on ‘autopilot’ and to start paying attention to your conscious decision-making.

More to come soon…

Have a great weekend!

Cheers

Brian

P.S.  For an in-depth look into how to put your frustrations behind you, click here to watch this webinar recording that covers a lot of ground on the matter.  You’ll gain some very useful perspectives that help you see what to do to address your current struggles.

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Psychology of Trading - 3 Thoughts On “Appreciation”

March 29, 2011 by admin · Leave a Comment
Filed under: Day Trading Forex Currency, trader training 

Brian here and today I want to share with you, 3 thoughts on “Appreciation”.

1.  The first is where I let you know how much I appreciate your courage, commitment and personal fortitude to pursue trading, and to stay with it even through some hard lessons.

I started trading full time back in 2004 and went through the nasty ’school of hard knocks’ so I know what you’ve been going through.

To “get back up” after having taking numerous ‘lumps’ both financially, mentally and confidence-wise is something only a small percentage in the world can do.

That you are here reading this message demonstrates that you have significant personal “toughness” and strength, and I very much appreciate that.

2.  The second is how much I appreciate that you are putting forth the effort to better yourself.

At Inside Out Trading, the goal is to help you become a better trader, not just the same person with new toys.

Through specific knowledge and purposeful tools, my goal is to help you become a fully self-sufficient and proficient trader.

Your part in this is that you found my site and you treat your trading in a much more mature manner than many.

Again, you are intentionally focusing on developing yourself in to more than you were, and I very much appreciate that.

3.  The third is a perspective.

This one is quite different, and worth reflecting on, and one that I’ve found very useful.

I’d heard it a long time ago, and ran across it again just the other day.

While most look at money as “power” or “what makes the world go ’round”, this is an entirely different view:

“The sole purpose of money is to express appreciation.”

When looked at in this light, it can make it easier to detach from money and simply do what we know we’re supposed to do:

Trade well.

It’s like ‘money’ becomes the Universe’s way of commending us for doing a good job, for being sincere in our efforts and for getting out of the ‘Lack’ mindset.

…like recognizing that when we go about our trading with the focus on ourselves and the process of good trading, the money will come.

That’s why my purpose is to help you become a more proficient trader, self-sufficient and truly independent.

Where you have the specific knowledge (not just more information-overload), training for skill-development, and tools to fulfill your capabilities.

And to finally realize the freedom and security that you wanted when you started trading.

I appreciate who you are and the effort and sacrifices you make.

Keep up the good work and let me know how I can best help you reach your goals.

Cheers

Brian

P.S.  In case you’re wondering what inspired me to send this, yesterday I received a card in the mail from one of my clients, saying that he appreciated my help, that it changed the course of his life.

On the cover of the card it said simply,

“Silent gratitude isn’t much use to anyone.” - G.B. Stern

…so I just wanted to let you that I appreciate you too.

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