I hear this all the time.
If you’ve been trading for any time at all, you know that consistency is key.
It is key to reliable profits.
It is also key to maximizing your profits.
When I ask either directly or through surveys and quizzes, consistency is always one of the top challenges faced by most traders.
Why would that be?
Well, I have good news and bad news.
The bad news is that the common notions being purported in most of the trading psychology conversations on the internet are incorrect, causing you to focus your time and energy on the wrong things.
It’s also bad news because without understanding what’s really going on, it is just way too easy to blame yourself, pay a price in terms confidence and self-esteem that is just plain unnecessary.
Most traders are led to believe (and it’s too easy to follow the logic) that emotions are a natural part of trading, and if you’re not being consistent, then it is a lack of discipline and self-control on your part.
The good news is that I’m not a degreed psychologist.
I’ve learned through personal first-hand experience that achieving consistency in the real world is more of a practical matter than it is a ‘psychological’ one.
I’ve read and studied psychology on my own for years, just out of personal interest, but I’ve also been in the trenches of Quality Assurance applied in a $100,000,000 manufacturing facility, where consistency was an absolute necessity.
In that role and through my training to become a Certified Quality Engineer, I learned that there are specific factors that cause inconsistency and specific factors that facilitate and foster consistency – and they go way beyond willpower and discipline.
These factors can be acted upon to very intentionally create consistent results from processes in a wide variety of occupations, companies, industries and they work with all sorts of people from all backgrounds in a wide variety of circumstances.
For one example, trading without a properly documented system is inherently going to be more inconsistent than trading with a system that is properly documented.
You’ve heard this before, to “document your trading system”, but the problem is, less than half the traders out there actually have anything written down.
Even fewer actually use what they have documented, and even fewer still know how to actually document their system the right way.
As Quality Manager, I developed documentation and training for activities for 183 people, in 7 different departments and hundreds of activities.
It was my job to make sure that we got consistent results throughout the plant day in and day out, month in and month out, and I was very good at my job.
Bringing Quality To The Trading World
I loved my work in Quality and applying those insights, practices, and tools to trading has been incredibly effective for me and my clients.
Consistency is key to consistent profits, and also to maximizing them, but actually achieving consistency is a top challenge for traders of all types.
I share these insight and understandings and how they apply to your trading in a webinar I’ve created.
You can finally understand why achieving consistency has been so difficult and how to make it happen for you by registering and then attending this brief presentation.
It’s less than an hour.
You’ll learn the specific things that have been working against you and how to finally realize the consistency you’ve wanted – without it being a struggle and force of will.
Here’s what one of my recent clients had to say,
“I have been trading in the markets for the last 7 years. In that time I have traded stocks, penny stocks, sub-penny stocks, options and futures. I have traded many different timelines with many different indicators. Also during this time I have subscribed to multiple online trading courses as well as having traveled to 3 different multi day trading workshops around the U.S. Each course and workshop had its own valuable take away points but I feel that no single course or workshop had enough content to make a successful trader.
The most recent course I have completed was with “Inside Out Trading”. The owner “Brian McAboy” is a true Outlier. His teaching methods are very far removed from the typical training available. He has a keen sense on how to bring out the best in people.
I had no idea how to consolidate all my knowledge into a workable trading package. His teaching methods were able to tie all of my experiences into a structured, proven, successful business.
Brian’s approach is more about structure, discipline and truly treating your trading as a business as opposed to selling more ideas on how to get rich quick (which doesn’t work).”
– Bill Christensen, Individual Trader
Cheers
Brian
P.S. This is very much worth your while to participate in.
Plus I have two gifts for you, just for acting on your own behalf: one for registering and one for showing up.
You’ll see on the page when you click below.