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Trading Psychology - Are You Really Struggling With Your Trading And Nothing Seems To Be Helping? Read Below.

There Is Tremendous Power In “Why”, If You Put It In The Right Question.

Kids are always asking why.  Why this and why that.  They can drive you crazy with the word.  But their young minds are doing exactly what they’re supposed to – trying to comprehend this huge universe and make sense of it. 

It is a shame that as we grow up, our ego gets us away from this wonderful wisdom.

What is the first question that most ask when introduced to something totally new.  What is that, what is this, is this called this?

After the mind has identified different things and digested many of the words, then the question of why comes into play.  I see that this thing exists, but why?  What is its purpose and what does it mean.  What gives it value and why is this here instead of that?  How does everything fit together, and why is it this way?

Our minds seek knowledge, order and purpose.  The key thing being purpose. 

The “why” is what matters most.

The “why” is how all of the great accomplishments in the history of the human race came to be.  For every great building or city constructed, for every great feat achieved, there was someone with a big enough why to first of all believe that it was possible, and then to persevere long enough to make it a reality.

For traders, the “why” is also tantamount.  But you need to be asking the right “why’s”.  Many books and articles prompt you to ask yourself why you trade, and it is a very worthwhile question to reflect upon. 

For the struggling traders, who have put in enough time to be familiar with the markets and the various trading strategies out there, yet continue to lose more than win and follow the same habit patterns in their trading, the even bigger question is “Why do you trade the way you do, knowing that it is losing you money?”

By pondering on this, then answering it honestly, you will find out if it is your ego that is taking priority over making money.  For example, one trader I know loves the action.  He struggles with picking market direction and has not made his trading profitable, even though he has been trading for over 15 years.  He day-trades and doesn’t like options.  He thinks that they’re boring, even though he knows that there are several strategies for selling options that would eliminate his frustration with market direction, he has no interest in it whatsoever.

Many successful veteran traders state emphatically that one of the keys to consistent success over the long term, is for you to trade with a system that matches your personality style.  Now, my friend Tom does this, but still loses money.  He trades all the time and loves it, he just struggles with consistently showing a profit each month.  So there must be something else that needs to happen.

Tom has several options.

1. He can stop trading.  After all, the current situation is costing him thousands each month.  Just quitting would improve his monthly bottom line significantly.  Probably better than paying off the house.
2. Don’t change.  He needs to seriously ask himself if satisfying his hunger for action is worth the price he’s paying.  It may be, and keeping the status quo is fine so long as he can afford it.
3. Change his trading altogether.  He needs to recognize that for people to change their core desires is a considerable task.  But if struggling to make money isn’t what he really wants, and the desire to make consistent profits becomes strong enough, then perhaps a change can be implemented.  It had better be a strong enough why, though, or it will only be temporary.
4. Shoot for balance.  He can take a closer look at what is it about the action that really satisfies him, what part of his ego is so strong that he’s been willing to lose money for over 10 years.  He may look to mix what he does in his trading to satisfy both parts of his personality.  He knows of several strategies that, while boring, will finance his action-packed fun.  In addition to day-trading, make time for the higher-probability trades that will produce profits.
5. Make a temporary change.  Tom also has the option to temporarily devote time to mastering his trading skills, particularly those which are currently weak and are the source of his frustration.  Right now, he devotes his time exclusively to trading, with little time working on himself.  There are plenty of technical and education resources out there. 

Regarding why, though, Tom really needs to look further down the road.  If he continues on this path for another five years, what will be the consequences?  Will it jeopardize his marriage?  Will it put him in a position where the choices are being made for him? 

Besides, Tom really needs some guidance to get himself out of the rut he's in.  He's thoroughly caught
up in his current pattern, recognizes the problem, but doesn't know how to pull himself out.

There is a resouce that could solve Tom's problem.  It's the Trader's Suit of Armor, a survival guide for traders, that provides the solution to this issue and many others that traders face.  It shows you how to protect yourself from the numerous pitfalls that cause 90% of all traders to lose money, and survive long enough to become one of the consistently winning traders.

The course can be found at:

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When you go there, you can find out all about the course, plus get a sneak peak at it.

The course has been described as "should be required reading for all traders, at all levels of
experience."

I personally recommend it too.  It's powerful stuff that will save you and your money, plus take the stress out of your trading.

Sincerely,

Dean Whittingham
contact@atradersuniverse.com

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