I recently put the question out there to hundreds of traders asking what their biggest psychological challenge is and it got quite a response

The top two issues didn’t come as a surprise

What did surprise me is how these two issues are the top two for SO many traders

What I’ve found in my years working with traders is that these two issues account for most of the losses and missed profits that people experience

…and the cost in dollars is higher than many expect, in addition to the personal costs of time, self-esteem, confidence and a whole host of others

What really sucks is that a fair portion of the time, these traders are trading reasonably well and actually making money, but all too frequently, these two issues cause them to make very costly mistakes – and hand it all back

So what might have otherwise been a profitable month or year gets turned into breakeven or a net loss – and all the new regrets, self-doubt and painful trades that go with it

So what are these top two issues?

The #1 issue expressed is the Fear of Missing Out, or FOMO as it's commonly termed

The #2 issue is hesitation, not being able to pull the trigger when it's time 

One thing I was very good at in my role as a Quality Engineer, was being able to quantify issues that for most seemed a bit abstract or intangible

Nothing puts things in perspective like numbers

In terms of dollars, a reasonable rule of thumb I’ve developed in working with lots of traders with these issues is that these two issues typically cost most traders roughly 40% of their account every year

Sometimes more, sometimes less, but on average these two thieves take around 40%

So on a $10,000 account, this means that FOMO and hesitation are costing about $4,000 on average every year

On a $20,000, it's $8,000 a year

You know your account size, so you can easily figure how much these issues are costing you 

Between the bad trades taken from the fear of missing out and the profits not realized from hesitating, 40% is often on the conservative side

Now there are other things that can cost you too, of course, like trying out systems or ‘tweaks’ that don’t work out as expected, illness, exhaustion, letting the opinions or advice of others influence you, etc.

There are tons of ways to NOT make money as a trader

These two are pretty big and the cost is relatively known

And as you’ve probably experienced, they can be difficult to get past

Willpower and ‘being more disciplined’ rarely work for any length of time if at all

The good news is that there ARE steps that can be taken

I had to work through these issues myself and I’ve helped hundreds of traders over the last thirteen years to get past them

I’ve developed a process which is very effective and efficient

This doesn’t happen overnight, especially if you’ve been trading for a while

But it certainly doesn’t have to take forever either

60 days is the typical time frame to get you where you’re comfortable, relaxed and trading the way you know you should

We start off with identifying the contributing factors and root causes of things in your specific situation

Then we go to work undoing what needs to be undone and fixing what needs to be fixed.  Usually there are both hard-side and soft-side factors contributing to the problems

Again, this is not an overnight process, but reasonable when you know how to go about it

Lastly we intentionally build the proper mindset and mode of operation so that you're free of these issues and and then empower you with the right tools to very effectively deal with anything that comes up over time (which will happen)

So, if you’re tired of the endless battle trying to fight with these on your own,

…if you really do want to get off the emotional roller coaster and just get on with calm, enjoyable and more profitable better through eliminating these issues,

… and you’d like my help getting past them once and for all, I’m taking clients right now

Now my help isn’t free, but it is very affordable and arguably the best investment you can make in your trading and yourself

It’s certainly cheaper, less painful and more enjoyable than continuing to lose money chasing trades or watching the market run in the direction you knew it would, but you failed to pull the trigger yet again

Here’s how this works:

Step 1.  You register and then send me an email letting me know what's going on with you and your immediate and long term goals

Step 2.  We get on Zoom and have a call to discuss things, get acquainted and little bit and see if we're a good fit to work together. 

I don't just take anybody as I've learned over the years that there are good clients and bad clients, plus I want you to be comfortable with me too.  If either of us decides at the end of the call that this isn't a good fit, then I'll refund the fee and we'll part friends and be done at that point.

Step 3.  We'll lay out a plan for the coaching period and choose what time to have our weekly calls. 

Step 4.  Each week, we'll get on the line, check our progress through the process, and attend to the matters appropriate at that point.

Again, we'll start with diagnosing the root causes, then fix and undo what's broken or just not working, then establish the right mindset and mode of operation plus empower you with the tools to be self-sufficient from now on 

If you’re ready to be free of the mental and emotional struggles, if you’re ready to have help getting things turned around in a timely fashion, if you’re ready to start the next chapter in your life where trading is all that you want it to be, then let’s get started

Click here to register for this limited one-on-one coaching

I look forward to working with you to help you get your trading where you want it to be!

Cheers!

Brian

P.S. Because this one-on-one coaching with ME, I am naturally limited in how many people I can help, so if you’re even thinking about it, take the first step toward being free of hesitation and register right now! You’ll be glad you did!