| How to win the money game |
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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. Casinos never lose over time as they have the odds stacked in their favour and provided they continue to take gamblers money on all the Casino tables in the house they will win overall. They understand the game of probabilities better than anyone. Every trade is independent and each has a random outcome however even if the odds are only slightly stacked in their favour, provided they accepts all bets, the Casino will always win the most money. It may not win off you or me but it will take the money of the majority of traders in the house. In saying that there are patterns that exist in trading where it is a probability, not a certainty that the price will move in a given direction. Remember for price to move there must be buyers or sellers entering the market. Most people know this, but do not understand the importance of understanding the game of probabilities and how to play like the Casino. Consistent winning traders have no idea what is going to happen next and are completely at ease with that fact. They do not try and predict what may happen in the future. They do not get emotional about every trade they take because they do not have an expectation about the result. They accept their methodology does have the odds in their favour however if they do not have an expectation of success on every trade. By doing so they are in a much better mindset to place every trade without hesitation that meets their methodology. This eliminates many of the errors 90% of amateur traders make. Amateur traders are emotional and carry a very high degree of expectation into every trade they make. You can liken the way a consistent winning trader trades the same way a Casino thinks, and that’s in probabilities. They will tell you that they understand that each trade may not work, however I can tell you that when they put each trade on they have a very high degree of expectation. They understand the outcome may be random but most of them have not done the mental training to trade like the Casino. I am not talking about gambling here. The punters off the street are the gamblers who have the odds stacked against them. I am talking about BEING the Casino with the odds stacked in your favour where you understand the probabilities. The average trader is looking for something that does not exist. The average trader craves certainty, something that simply doesn’t exist in trading. That is why they are so obsessed with learning more about the market. That is why they buy more and more books, more and more methodologies to confuse them and ultimately cloud their judgement. Human beings will just about do anything to avoid pain. That is why amateur traders are always looking for a new method to learn. Successful traders do not concern themselves with whether or not each individual trade is successful. They accept the odds are on their side if they follow their trading plan they will over time be consistently profitable, provided their method continues to be profitable over a given time. Don't wait another minute to learn more about winning the money game! To sign up now simply choose one of the options below:
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