Every trade we take has an uncertain outcome, no trade you ever take will have the exact same traders taking the trade. So it is impossible to predict the outcome. The vast majority of traders have a very high degree of expectation on every trade they place and are trying not to get it wrong. Therefore they struggle with their emotions when things start to move against them. To trade successfully you need an edge, to get the odds in your favour and learn the mental skill to step up each time your edge appears. I will teach you to accept it is ok to get it wrong occassionally and to lose small but win bigger.
How do you think the Casino makes money everyday? It has an edge on every table in the house and for it to make money all it needs to do is just keep playing the game.
Trading success is learning to play the money game just like the Casino. What I mean by that is mastering the ability to play the probabilites. Just play your edge and step up. When you learn to master the probability game you are well on your way to becoming a successful long-term profitable trader.
If you attend the Mindset Manager's One Day Seminar or order the 'Master Your Mindset' DVD, you will learn how to develop the professional skills you need to play your edge and step up every time it presents.
Each tic up and down is just information and it is you 100% that is causing the nerves, anxiety and emotional pain. The market is not doing it; you are perceiving something that is causing you to get nervous and anxious. You are interpreting something that you have no hope in the world of being able to control.
I once heard a pit trader say "Don’t expect to be a winner then you won’t be afraid of losing. Expect the unexpected. That's trading! Just step up and play your edge".
Making money consistently as a trader means that you have learnt the right mindset and mental skills that are required. You have learnt to think in probabilities. The Mindset Manager's One Day Seminar 'Master Your Mindset', will show you the mindset blue print for success and prove to you that trading success is not rocket science, anyone can do it!
When you play your edge, your edge needs to have the odds stacked on your side. What you will never know is which trades you place will be winners and which ones will be losers. That is the one single thing that kills it for most budding traders, especially the CEO’s, accountants and market analysts. The ones that are use to getting their way! The only thing that you do need to know is that your methodology has an edge that over a given number of trades is successful. You also need to understand when to cut the losing trades and how this will affect the profitable ones. Money management goes hand-in-hand with the method (edge) and the mindset.