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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Forex Trading Psychology - A Core Belief You Must Address to Succeed

June 18, 2011 by admin · Leave a Comment
Filed under: Day Trading Forex Currency, trader training, trading psychology 

Brian here with another entry for this Father’s Day weekend for you.

This one deals with a core belief that your parents gave you when you were a child and it is absolutely essential that you address it, and here’s why:

…because you want trade with confidence and security, and NOT trading from a state of fear, doubt and anxiety, right?

Left unchecked, this belief will remain an obstacle, blocking your path to success and causing you to make many regrettable decisions.

This particular belief operates at a subconscious level on a continuous basis, and affects everything you do in your trading.

But once you turn it around, you’ll find that your entire trading experience can shift from one of anxiety to security and peace.

Don’t make the mistake of dismissing this!

Yes it is very simple and seems like it would be front-of-the-mind, but most of the time it IS operating and at a level of which you are NOT consciously aware.

What is this belief?

Do you believe that you live in a hostile or friendly universe?

If you believe that you live in a hostile universe, then even when there isn’t much going on, you will still feel anxious, like someone or something is somehow out to get you.

Now feeling like this is a hostile place is VERY understandable for traders.

Afterall, due to the lack of success and frequency of losses, most traders have primarily feelings of anger, betrayal, confusion, hurt, desire for revenge, etc.

Plus if you throw in getting scammed a few times, spending several thousand on various systems, bootcamps and other things that yielded only disappointment, and it’s no wonder that this universe can seem like it’s out to get you.

BUT…

How would things be different if you lived in a FRIENDLY universe?

How would things be different if you could simply accept that perhaps the universe is only neutral?

If it really didn’t feel one way or the other about you, and you could simply let go of the notion that it is UNfriendly?

Because the markets really DON’T care, one way or the other.

Would simply being free of this belief, this very quiet and underlying, yet influencing FEAR…

Would being free of that fear have a positive impact on your trading?

Would it then allow you to be more objective? Perhaps allow you to act when you know you should instead of hesitating?

Regardless of your view of the universe (religious or otherwise), fears and limiting beliefs are almost ALWAYS counter-productive.

And the first step in working past them is to become consciously aware of them.

Your homework for now is to reflect on the question and try to understand what you truly believe at a level beyond the intellectual:

“Is it possible that this a friendly universe in which you live?”

Cheers

Brian

P.S. Tomorrow, I’ll share another insight / perspective that I’m sure you’ll find useful and worthwhile as we continue on this Father’s Day weekend. Enjoy!

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Trading Psychology - You Can’t Fool Your Subconscious

May 20, 2011 by admin · Leave a Comment
Filed under: Forex trader training, trader training, trading psychology 

You can’t fool your subconscious.

Huh-uh.

No way.

No how.

No matter how you might hide it from everyone else, your subconscious always knows - always.

I remember when I first started trading and I’d hit a decent winning spell.  I’d start feeling like I had a good handle on it and was on my way.

But at the time I’d been making largely on luck, much more so than skill.

And every time I’d have a decent run and I’d get feeling a bit cocky, my subconscious will step in and have me hand it back - because I hadn’t really earned it.

Sound at all familiar?

One of the things I eventually figured out in the repeating the above cycle was that buying a new trading system doesn’t fix this kind of problem.

Neither do ‘trading psychology’ tricks, drills or subliminal gimmicks.

You see, I couldn’t fool my subconscious.

It knew that I still hadn’t acquired and developed the skills to be a truly proficient trader, to deal with the realities of trading.

It’s one thing to know what to do.

It is an entirely different matter to know how to do it well.

And at the time, I didn’t even really understand what I needed to get good at, besides  of course execution and sticking to my trading system.

That’s why I feel for the whole ‘Discipline’ fallacy, like most everyone else.

But it’s not a matter of discipline, it’s about becoming the trader with the skills, know-how, and tools to have the real confidence.

When I discovered and developed the skills to become a real professional, to be good at trading, but with a very conscious competence…

…that’s when things changed.

It was when I changed, not just picking up another tool.

When I changed, my subconscious knew it - and finally let me enjoy real success.

Only when I changed what I’d been doing, when I stopped looking for more tools and chose to become a more solid trader…

…only then did my subconscious stop sabotaging my efforts.

I’m sure the same is true for you.

If you want to put an END to self-sabotage in your trading, then doesn’t it make sense to get the training that will transform you into the type of trader?

Click here to put an end to your frustrations starting right now

Cheers

Brian

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