I get the question quite often as to which a person should pursue first
Most traders bounce back and forth between trying a new system and focusing on being disciplined
Now there are two problems with this approach
First, each is usually pursued in a rather limited scope, leaving many very necessary matters within the larger picture unattended
Second, the linear thinking of focusing only on one at a time presents issues which perpetuate the overall problems being experienced
This makes it very difficult to make any progress with either because while you’re focusing on the one, the other is still interfering with you and reinforcing the old problematic patterns
So in one regard, it makes a lot of sense to pursue both at the same time
This way, instead of bouncing back and forth and playing “Whack-a-mole” with the issues, get them all addressed at once and move forward in a very holistic manner
Now lately I’ve been taking a much greater focus on the purely psychological aspects of trading, with a broad view which goes way beyond just discipline and the daily stuff on which there is much existing conversation
You see, there are generally two aspects of trading: hard-side and soft-side
The hard-side covers all the skills, tools, knowledge, and generally speaking the functional ‘stuff’ you need to do the things in the business
The soft-side covers all the mental and emotional matters, the things that are part of being a human in the middle of this machine
Now the soft-side goes way beyond the day-to-day topics of how to do what you’re supposed to do, the ‘staying disciplined’ items
It includes you as a person, you as a trader, all the experiences in your life that affect your trading, including both trading-related experiences and those completely outside of trading, but that can and often do affect your trading
Over the next few weeks, as I work with the people in the Get Your Mind Right For Profitable Trading group coaching program groups, I’ll also be publishing videos and articles on the soft-side of trading
So my question for you right now is,
This means anything to do with what I generally refer to as the soft-side and including but also going beyond state-management during the daily activity of placing trades
Put your answer in the Comments below!
Have a great weekend!
Cheers
Brian
P.S. If psychological issues are causing you a lot of stress and causing you to make way less from your trading than you know you should, then I have good news!
Even though both groups are full in the “Get Your Mind Right For Profitable Trading” Group Coaching Program, you can still get in on the benefits from the program
There are two ways:
1. I received quite a few emails from people asking if there would be a home-study version of the coaching that they could get going with instead of having to wait until next year for the next group coaching session to open up
If you want to pre-order the home-study course at a 67% discount, only $97 versus the $297 it will be when released to the public, you can pre-order it here.
When it is published at the end of October, you’ll be the first to get your hands on it plus you’ll save $200!
2. I also received several emails from people who said they were more interested in the one-on-one coaching anyway and have signed up for that
If the one-on-one coaching to finally break free of the stress and aggravation of having subconscious issues undermining your efforts, by having my close personal support through the one-on-one coaching sounds more like the path for you, then reply to this email to set a time to discuss your situation to see which the best option for you, or just click here if you’re ready right now
I mostly have problems with patience and keeping my mind from racing while waiting for a trade once I’m in. I’d like to know how to be able to stay cool and not mess with my trades while they’re in progress
Hi Brian,
I would like to know how to keep from having these near panic-attacks almost every day. Worrying that the market will turn against yet again keeps me in a state of anxiety that is almost hard to describe. What can I do to calm down before I get ulcers?
Thanks!
Non-stop self-criticism and beating myself up is something I just can’t seem to stop, at least not for more than a day or two and then its right back after me again. What can I do?
How do I effectively deal with fear of loss and impatience, stupidly wanting more when I’ve already made more than expected?