December is Trading Psychology Month, and we have some items planned for you to make sure you start 2019 from a better trading mindset!
Every day you have a choice. You can choose to continue the trading behaviors that no longer serve you OR you can start today to create new trading behaviors that serve your trading success. You are fully aware of the behaviors and beliefs that cost you money. Your fear of loss that makes you hesitate to pull the trigger, or once pulled, makes you exit an even more successful trade.
Perhaps you repeatedly make impulse trades that are not in your plan. Or perhaps you pull stops, or take on too much risk, giving up a week’s worth of profit in a day.
Can you create a new intention?
It is easy to let every day pass without creating a serious intention of making the challenging changes that are needed to step into the master traders mindset. We have all the old patterns, behaviors and beliefs that prevent us from getting to the consistent and growing profits that we all want. We also know that “discipline,” “will power,” and “resolutions” fail us time after time.
So today, December 6, 2018, I, Richard Friesen, am declaring December to be “Trading Psychology Month.” December is the month where we can look back at the year’s trading results and the behaviors and beliefs that drove those results and created them. We can also to look forward to a new year where we can make a difference.
It’s not the markets. It has been said that most traders fail, not because of their systems, but because of their state of mind. We do know that somewhere between 70% and 95% of all independent traders who start the journey to become master traders, fall by the wayside and fail. Many give up years of their lives, significant portions of their capital, and opportunities to develop in areas where they could succeed.
Trading is one of the most challenging occupations you can choose.
However, there is good news. The good news is that the feedback on your behaviors comes rapidly so you can make adjustments and changes that make a difference.
What simple changes in your trading behavior would make a significant difference in your profitability? You can go here to find out.
Now that December is officially “Trading Psychology Month,” December now “traditionally” becomes the month where you can look at your prior behaviors and beliefs, and create new intentions that will make a difference for the rest of your life.
Please pause for a moment of reflection before going on.
What came up in that moment? If most traders fail because of trading psychology and their mindset, I invite you as an independent trader to increase your focus on your own internal processes. And as I said, December is the perfect month to do this.
My eBook is yours. In honor of “Trading Psychology Month” I am offering everyone who has made contact with me or requested information, a complimentary copy of the upgraded version of my $29 e-book “Stop Fighting Your Brain.” That’s right, no strings attached. Not only are there no strings, but you don’t even have to give me your email address. You can even give this link to friends or post it to your trading communities.
Why am I giving this book away? We sold hundreds of these books, so what is the catch? Because of course… we are celebrating “Trading Psychology Month!” (Imagine a big grin on my face as I say this).
I will send an email with a link as soon as we have polished the final updated publication.
However, to kick off Trading Psychology Month today, you can start with taking a trader assessment. This assessment will take most traders under ten minutes and will let you know the precise areas of your trading development that will deliver the most bang for your buck. You can focus on what really matters. Go here to start the assessment.
Tip: Be sure to hit the button at the bottom of the last test page until it hits 100%, so you receive the email with your complete results. Save them on your device so you have a benchmark to compare your progress to.
Please send me an email and let me know about your experience with the eBook and trader assessment!
PS: If you purchased the eBook recently, please email us at “firstname.lastname@example.org” from the email you used to purchase it, and we will take care of you with another gift.
A veteran broker and floor trader, Rich went from the "worst trainee trader ever", to building one of the most consistently profitable options trading firms on the Pacific Exchange by training his traders using neuroscience. Rich also holds a Masters Degree in Clinical Psychology, a B.A. in Philosophy, and is a graduate of the Gestalt Institute in San Francisco along with Master’s training in Neuro Linguistic Programming (NLP).