[Psychology of Trading] Why It’s A Mistake To Be A Courageous Trader

To even consider being a trader takes guts, that’s for sure.

Problem is, being courageous as a trader is really a red flag.

Here’s why.

You see, courage is taking action in the face of fear, in spite of it.

And trading from a position of fear is not a desirable way to trade at all.

If you have genuine fears, not just a little excitement from the anticipation of getting on with your trading day, then that is a sign that a real problem exists…

…a problem that will wind up costing you.

What kind of fears?

  • The fear of losing money (or capital)
  • The fear of failure
  • The fear of making mistakes

…just to name a few.

Fortunately, there is a simple and direct way to become free of your fear.

That’s right.  Instead of feeling fearful and anxious about your trading, you really can feel very at peace and secure.

It’s all about replacing your fear with real and well-founded confidence.

That’s why the addage “Treat your trading as a business” is so critical to being able to trade with true confidence.

The business-like approach gives you the full confidence that you are trading in a calculated and knowing manner, rather than hope and courage.

Now, there are certain elements and processes involved in treating your trading as a real business, and a proper business plan is at the heart of it all.

The word “proper” is the operative term in that statement.  Most traders make the mistake of having “make lots of money” as their business plan, and that’s all.  That’s not a business plan by any means.

To have real confidence in your trading operation, discover the trader training program specifically designed to walk you through the steps of properly organizing your trading business, including the creation of your own personal Trading Business Plan,

Click here to see 5 HUGE reasons why

When you don’t treat your trading as a business, you’re running on hope and faith, which leave you open to all sorts of fears and other emotions.

When you are properly organized and prepared, you have true confidence in what you’re doing – and you no longer have need for courage because your fears have been addressed.

It is truly the best way to trade!

Cheers

Brian
“The Trading-As-A-Business Coach”