Archive for the ‘Trading Psychology’ Category:
A “Historic” Complimentary Report for All Traders…
Norman Hallett, a colleague of mine who you likely know from his work as the Internet’s top authority on trading disciplined, has just released a Special Report about…
“A Trade of Historic Proportions”
What you may not know about Norman is that he’s been a professional trader for 28 years… which is how most of us in the trading circles first heard about him.
This “Historic” 12-page report is NOT to be missed…
What’s SO different about this report is that Norman lays out:
- 3 Precise Trading Observations that, if adhered to, will put you in a position to ride a long wave of trading success.
- How to clearly identify where you are in history and how you can take that knowledge to the bank.
THEN… He lays out a COMPELLING trading scenario that will have you immediately start taking the steps necessary to benefit from what he considers the single greatest trading opportunity of our generation!
Click Here to get the “Historic” report (and it’s complimentary)…
It’s hard to argue with the facts he lays out.
Good trading!
Scalping ‘Cheat Sheet’ Giveaway That Cracks The Fx Code
Last week I posted the download link for 60:30:10 Principal, and it got so much buzz, it was downloaded over 21500 times the very first day it was released!
Today, the author of that report and highly respected trader and educator, Jason Fielder, has raised the bar even higher.
He has just released his own personal forex scalping “Cheat Sheets” that reveal several legitimate “loop holes” in the markets.
Jason literally “cracks the code” with his brilliant approach to scalping, and he is actually giving away 4 different systems on how he does it…
But only for a few days.
The cheat sheets will reveal when the best times to scalp are (they are NOT when you think) and the times to avoid.
Plus you will discover how to break the market down into several “micro-markets” and trade each one accordingly.
Click here to grab your copy, they are short, to the point, and they will give your trading an instant bump.
I hope you will enjoy your ‘CheatSheets’
Shore Up Your Trading Discipline: 4 FREE Special Reports
We are in the midst of extraordinary markets. As traders, that means that it’s time for extraordinary measures. When market anxiety is high, profit potential is high.
Over the last few weeks, I’ve been working closely with the Internet’s leading expert on Trading Discipline, Norman Hallett.
Why?
Because in order to take full advantage of the upcoming, unprecedented profit opportunities the market is about to present to us, you MUST be disciplined in your trading…
and Norman delivers the goods on showing you how to keep cool when markets are volatile.
The time to get started “putting discipline first” in your trading is NOW.
Norman has released 4 Special Reports (yes, 4), that are must-reads if you are going to be a “Disciplined Trader”…
and they’re FREE!…
Fortunes will be made in the upcoming months and years and YOUR taking part in fortune-building will be dependent on two things:
ONE…Having a trading system/plan that has been tested and that you can trust in AND…
TWO…Having the discipline to run that trading system/plan WITHOUT hesitation.
You see, it’s not about (and never has been about) ‘the market’
when it comes to making money. It’s about YOU.
Your trading plan and YOUR ABILITY to execute it.
Are you ready to stop letting THAT ONE BIG LOSS wipe away all your previous profits? (that stems from greed)
Are you ready to stop hesitating when your trading system gives you the signal to act? (that’s from fear and doubt)
Norman’s 4 FREE Special Reports will put focus, balance, and confidence into your trading.
They won’t be free for long, so click here to grab them now…
Be fully ready to take advantage of the historic opportunities ahead.
Video Lesson: Fear
“The only thing we have to fear is fear itself.”
Thus spoke Franklin D. Roosevelt 75 years ago.
Looking back on Roosevelt’s speech in 1933, 4 years after the infamous crash of ‘29, he was referring to the economic conditions of the time — better known as The Great Depression. In essence he was saying that if we can’t shake our pessimistic economic outlook, it will be tough to turn things around.
The question is… are things different this time?
The answer is yes and no. People are still fearful of what the future holds and they have very little confidence in the economy. The big difference between the crash of ‘08 and the crash of ‘29 is that we now have India and China on the world stage. Back in ‘29, both of these countries where not on the radar. In fact India was under British Rule.
Both India and China’s economies will suffer with the turn down here in the US. They are now going to have to generate their own domestic consumption patterns for the goods and services they formally sold to the US. This is going to be hard to do as so much of their economy is based on exports which are evaporating quickly.
The fact of the matter is that the markets are extraordinarily turbulent. We do not expect, even with the worldwide bailout, for things will be rosy again anyt ime soon. However, that does not rule out some extraordinary trading opportunities in the markets. This is a time for rational thinking. It is also a time to eliminate fear from trading.
There is no need for fear in one’s trading plan if you’re running with a diversified program that has proven to be successful over time. What I mean by overtime is not just the last six months, or six years, but over a long period of time I mean as much as 30 years.
When you have a program that puts the odds on your side, you can trade with confidence knowing that you’re going to lose some small skirmishes in the market, but overall you will make money based on your own trading decisions.
Many of you know that we trade using MarketClub’s “Trade Triangle” technology. This approach has proven successful in all types of markets, including the one’s we are in now.
I’ve put together a short 12 minute video to show you how we have fared in three different markets us ing this technology.
For a small percentage of you, this video will be an eye-opening experience. For another percentage of you, you are already fearless MarketClub members. There will also be some of you that are successful traders using your own system, and there is probably no need to watch this video.
Trading should be an unemotional experience. If you are trading for the excitement, odds are you’re going to lose. If you are trading just to say that you trade, you’re probably going to lose. If your trade for any other reason than to make money, you’re probably going to lose.
The possibility of successfully trading any market is out there. This video will show you how our unemotional, time tested approach to the stock, future, forex, etf, and mutual fund market will put the odds in your favor that you are on the right side of these extraordinary trading times.
“The only limits to our realization of tomorrow will be our doubts of today.”
Franklin D. Roosevelt
Every success.
Eerily similar S&P500 chart action…
If you’re scared or confused about what’s been happening in the market and the economy over the past week…
-then you need to see this brand new trading video…
* It shows you what usually happens when the market is gripped by fear, like it is now… and how smart traders can pounce on the coming profit potential…
-You’re walked through the current S&P500 chart, and then you’ll see an eerily similar situation that happened a few years ago. You may be surprised by what’s going on…
As a bonus, the video starts with 3 recent trades that set up this past Monday as the market plunged. 2 of them hit 10% profit targets already last week, and 1 didn’t enter into a trade at all, so you can see the importance of having step- by-step ‘risk rules’ to keep you out of the trades you shouldn’t even be considering.
I hope you enjoy the video.
Coping With Losses: A Major Key to Successful Trading
Be warned.
“Part of overall winning is taking losses along the way.”
“If you have 55% winning trades, you’ll win in the long run.”
We’ve heard it said a million times in a hundred different ways.
In any trading system, we will experience losing trades as well as winning trades. We know this.
So why is it that as we moved forward from trade to trade, we become frozen with doubt when the losing trades appear in bunches?
If you think about it, when winning trades appear in bunches, we get motivated and we look for reasons to find the next trade. We’re on a roll and we love it. We’re on top of the world.
The words “genius” and “professional trader” seem to fit us perfectly.
Conversely, when losing trades appear in bunches, we become fearful of the next trade and look for reasons to shy away from following our system.
We become filled with doubt and the words “gambler” and “loser” seem to describe us best.
OK, so why?
It’s because you’re are viewing our trading outcomes as reflections of you as a person.
This leads to the destruction of virtually all failing traders.
Negative personal evaluation leads to your being emotionally out of control, which leads to straying from your tested trading system … and the result…
you’re trading by the seat of your pants (which should be pulled down and you spanked!).
You see, you must develop the mindset (and the true under-standing) that you are a winning trader whether you are experiencing a run of losing trades or winning trades.
Your self-image of a winning trader allows you to glide through losing streaks so you can be there for the winning streaks.
Most new and “intermediate” traders do NOTHING about their mental trading fitness. They are willing to spend thousands of dollars on “holy grail” systems and out-of-town seminars, but are totally neglecting mental conditioning.
You should be training as hard on your mental fitness as you do on preparing your trading signals.
As a broker/trader/CTA for 21 years, I have probably seen 50+ trading systems that were money makers, IF you had the mental/emotional strength to follow them!
You need to find a system that suits your personality (more on this next week), back-test the system, appropriate the money to trade the system, and then GO FOR IT.
The “go for it” part won’t actualize without the mental strength to take the good with the bad.
RECOMMENDED: TradingMind Software
**Norman Hallett spent 21 years as a successful trader and CTA before starting Subconscious Training Corporation. His company developed TradingMind Software, the industries leading mental/emotional training tool for traders who understand the importance of being disciplined and focused in their trading.
