The world’s most successful investor Warren Buffet is a rational thinker. He does not make decisions based on emotions and irrational decisions. Most traders place trades based on feelings and these stem from their expectations.

For example, when they place a trade and it is a successful trade then the next trade they take they expect it also to be a successful trade. The trader thinks they are thinking correctly, but in actual fact they are feeling and not thinking.

People break their trading rules based on what they are feeling. A rat would be a better trader than a human given any trading method. You just need to feed the rat each time and it will keep doing it 1000 times. A human will bend the rules based on feelings and skip trades because they think they can pick the winning trades. 

At the Mindset Manager's One DaySeminar 'Master Your Mindset', I will teach you and prove to you how you can trade without feeling. If you dont learn the skill to think in probabilities your chances of becoming a profitable trader are extremely limited.

This is a classic. We all know that dieting and losing weight is very simple. Eat less and exercise more and you will lose weight.

Trading is no different; you have a system with a set of rules. Every time it meets the criteria all you need to do is click the button. That’s rational thinking. Irrational thinking and emotional thinking is due to us seeing something and forming an expectation of the result.

We need to work on our mindset to develop and train our mind to prevent ourselves making decisions based on emotions rather than rational decisions. Have you ever said something in the heat of the moment that you wish later you hadn’t said? What is that? It’s an emotional reaction. When we have time to think things through we usually see things rationally and wish you could have your time again. 

I will give you an example. Have you ever hear about the young guy who placed an advertisement in the newspaper for a new secretary? He had three interviews and each candidate had varying experiences suitable for the role. The first lady he interviewed had amazing experience in the industry, the second had amazing computer skills and a great CV and references and the third had virtually no experience in the industry but was very attractive with a wonderful figure. Guess which one got the job? I think you know the answer this this question. The moral of the story is that you need to think rationally and learn to control your feelings and emotions if you are going to become a long term profitable trader.

The Master Your Mindset DVD will prove to you that if you spend more time on your mindset and less time on the method then you will become a better trader.