Search This Blog

Showing posts with label Fear of Trading. Show all posts
Showing posts with label Fear of Trading. Show all posts

Monday, 9 September 2019

10 Proven Techniques to Eliminate Fears and Anxiety

Are You Scared of Losing? 

Do You Find it Hard to Pull The Trigger?

Do you suffer from Performance Anxiety? 

Are You Scared of Losing? 

Or Taking a Trade? 

Do You Suffer from  FOMO: Fear of Missing Out?


If Yes! Then WORRY NOT!!! 

Because...

In this video:  I'm going to Share with you 10 Proven Techniques to Destroy Your Fears in Forex trading 


Wednesday, 25 March 2015

The GREAT Secret Remedy to Get Rid of FEAR

I share with you a technique that I have been using for a while but only recently found words for it to be explained and shared with others . 
Its been part of my unconscious self now I have found it on the conscious plane so that I can share it with you. 
(perhaps this was not necessary to mention, but anyway) 

The way to get in to the zone is to "create" conditions "Deliberately if possible" that allow you to enter and/or remain in the zone. 

The Four Conditions:
1. Enjoyment: If you enjoy trading then you won't need anything but we all know if you enjoyed it you won't be scared or if you were not scared you'd enjoy it anyway. if you cannot find ways to enjoy trading on its own yet then do something that puts you into that mood e.g. a song of your choice or a picture or whatever (wank? hmmm may be) The T20 Principle can effectively divert bring the focus of your attention from avoiding losing trades or hitting winning trades to "being disciplined" and following your rules. If you do this exercise enough times you will find "Gratification" in following your rules instead of the "result" of the individual trades. TRY IT. 

2. Focus: This is something you can deliberately enforce on yourself. Focus on the objectives. Focus on the chart, and focus on the indicators and information that is in the now. Don't allow your thoughts to go back in the past or jump into the future. Don't make associations and try to fill the "uncertain" future with anything from your thought process. Just be in the now and stay there. 

3. Relaxation: Use any of the techniques discussed in our ebook AIMS - Activating the Zone eBook to help you to relax. There are techniques we need to apply out of trading hours (these will keep you generally calm and relaxed in normal life) as well as techniques for instant effects during trading hours on spot (these technique will help you relax during a trade or a session). 
One easy one is this


>>>>>>>>>>TAKE A DEEP BREATH. focus on your breathing. ahhhhhhh feel better. <<<<<<<<<<<<<

4. Self Trust: How do you trust yourself, you ask. Well its a process. You have to "consciously" and deliberately "force" yourself to take signals and follow your plan numerous times and that will gradually build this "confidence" in self step by step. Its akin to driving. You have to watch every thing carefully and try to do it as perfectly as possible. Repetition is the Mother of all SKILLS It may be uncomfortable at first but it will only get better with practice. 

Perhaps, most of you know the above already if you've read my other stuff but why am I repeating it? 
Because after bringing the above into conscious awareness right now, we are ready to know the next bit. 


The GREAT Secret Remedy to Get Rid of FEAR



If you experience FEAR you have a great information at your disposal. Don't resent it just accept that you are in the state of fear and acknowledge its existence. As soon as that happens you gain the upper hand. Because now you are AWARE, you are CONSCIOUS. 

You know you ARE scared. Here is what you do next 

Be GRATEFUL. Yes, start with being grateful for "being scared" Say Thank You, say thank you to yourself for feeling scared and experience the fear or stress because your mind is doing you a favour and "protecting" you for what it "perceives" as a "threat", something that may harm you. 
Lets acknowledge that your mind is 2 million years old designed to protect you from those dangerous animals from EATING YOU alive or tearing you apart. 
(The CROODS)
 Image 

Contrary to the false perception of your mind the things in the market are NOT THREATS or DANGERS. 
You've got everything in control. 
1. You have a mechanism to LIMIT YOUR LOSSES. You put a limit on your loss and 
2. You have a mechanism to INCREASE YOUR WINS, 
3. You have employed a formula that gives you an advantage in the markets and helps you CREATE profits. You have a statistical advantage, an edge and
4. you have mathematical formula that would help you grow your account at an exponential rate. Yes, Compounding. 
Remind yourself of the power of "Compounding" and Asymmetric risk rewards. 

"Eat Like an Elephant and shit like a bird" hehe 

Now, after being Grateful for this SIGNAL of Fear and swiftly move to being grateful for other things in your life. Anything that you can think of, anything that you acn see. How about the eye that you are seeing this with? be grateful for tiny little things and the big major things in life. 
In a few moments you will find that there is no more FEAR. FEAR cannot exist if your are GRATEFUL. Being GRATEFUL and being scared cannot co-exist. 


Do not FIGHT Fear, simply shift the FOCUS of your ATTENTION to GRATITUDE 



Zoom in (real dimensions: 908 x 436)

Try it you will thank me later!

Monday, 2 March 2015

Do You Feel Betrayed?

Has your trading strategy been not working up to your expectations recently?
Has the market been unfair to you lately?
Do you feel Betrayed by the market or your trading system?

If you do, and I know most of us experience those feelings, let me ask you a question. Do You feel the same way when you toss a coin? You called heads but its tails,do you feel betrayed by the coin? If you are playing a slot machine and time and time again you don't get what you want do you feel betrayed by the machine? I'm sure your answer is absolutely not.



When the pattern shows up, e.g. S1 Setup, you have to take it just like you're willing to flip a coin. "trading a technical pattern like ours has nothing to do with being right and wrong, this is not a right or wrong game" its just an odds game. Trading a technical pattern is exactly that. It gives you odds in your favour but not per "attempt" or "trade".

Odds in your favour, what does it mean?

And the odds in your favour are not per trade. You have to understand this, that you have odds in your favour over a series of trades not per trade.

A Setup is a Setup is a Setup

Traders often mistakenly think that when the "pattern" e.g. The Setup 1 presents itself that they get odds in their favour which means "I will win the next trade because its a GOOD Setup". The reality is that Setup 1 or any other pattern, The Fruit or Seed, Trend lines or whatever repetitive pattern you've found in the market is just that, a pattern that repeats itself. A pattern is a pattern. It does not give you an edge in terms of your ability to win this particular trade or your next one. However it does give you a edge , it gives you odds in your favour in terms of your total winnings be more than your total losses. It means that at the end of a series of trades your overall balance will be positive. But this largely depends on your ability to stick to the plan. You cannot count trading mistakes, which means not following your rules, in this series of trades.

How sure am I if I will win my next trade?

Traders often mistakenly believe that their method is telling them that the next trade will be a winner that their method is telling them what's going to happen next? I cannot guarantee that, i cannot even have any idea so that I could tell at all, whether my next trade will be a winner or a loser. I can say with certainty that if you follow this pattern at the end of 20 or 50 trades your overall winnings will be more than you've lost. This is Trading. Trading is a pattern recognition numbers game.

Its Easy to Trade, Its easy even to find a good winner, everyone finds a winner every now and then, however its not easy to make consistent gains unless you've addressed the mind issue which is "Fear of Trading". Unless you've understood the fundamental fact about trading. Trading is an odds game and you have to play by the rules. Unfortunately our fears in our minds always block our way towards consistent success.

AIMS Stress Free Trading - Activating The Zone
If you're scared, if you're not making money, you've got to get this eBook. Previously only available to Premium Members inside AIMS Forum now available to download right now.

Activating The Zone - [DOWNLOAD]



Friday, 23 January 2015

Double Confirmation - How to make winning trades - Part 2

Yesterday I shared with you a discussion we had inside our AIMS Skype Live Trading Room. This is the second part of  that story.

Correct Mindset of a Trader:  

A trader with correct mindset will make a mediocre trading strategy look awesome but a trader with wrong mind set, will destroy a strategy with a very powerful edge.

In my previous post I said that Trading is 80% mental, 10% goes towards money management skills and strategies and the rest is divided as 5% for entries and 5% for exits.

However sadly, 95% of traders put 80% of their efforts towards the 5% of the equation in trading and that is The Entries.

The Perfect Entry:

They want to make perfect entries. They want to nail those entries that bring winners 100% of the time, double confirmation, quadruple confirmation. Something to put their mind at ease before entering the trade, something that say "this trade is going to be a winner". 

Being Wrong or Right

However I have bad news for those traders. Sadly that is not gonna happen. Because trading is not a game of perfection. It is certainly not a game of being wrong or right. Oh no.

You cannot manipulate things into your favour in the market. You cannot change the market not even a tiny bit. Trading is a game of probability.


The Self Similar Repetitive Pattern

You might have found a pattern in the markets and this might be a great thing for you. You'll be excited that now you will be able to better "predict" the market. But the reality is that all patterns have a certain "probability of success" attached to it. A certain pattern might give you an edge in the r form of 50% winners and 50% losers.

You may win lets say 60%  of the time or less using the same pattern, but the very same pattern that looked beautiful and produced 100 pips this time, that exact same pattern might appear again the next time still it may bring 15 pips loser.

A new trader is baffled, surprised and even shocked. S/He does not understand as to why this pattern did not work this time? The pattern might look exactly identical but its unique its never happened before.

What you see is an an identical patterns yet unique at the same time. Its not the same patterns they are are similar but at the same time unique. You might think you woke this morning with the same person that you went to bed with last night but not only did the person next to you change over night you have changed as well.

"Everything flows and nothing stays" 
"You Cannot Step in the Same River Twice" .... Heraclitus

... to be continued tomorrow  Final Part (Click Here)


Thursday, 22 January 2015

Double Confirmation - How to make winning trades Part 1

Part 1. 


A good trading buddy commented about Double Confirmation or Additional Confirmation of a Trade Setup. It happened inside our Skype Live Trading Room.

Our friend said, "I found a new confirmation to get in Fruit, I shall trade it for a few weeks and let you know of the outcome"

 


My response was "What! What "New confirmation"?
He replied, "additional confirmation" and he said "it seems to be 70% in the right direction"

A Typical Trader's Mind Set

This is what a typical trader is after. "double confirmation" A way to predict the future. The question is, how can you confirm something that is just there in front you. And how can you find clue in the now that will confirm the future? When a new trader looks for confirmation he's actually looking for a confirmation that the trade will be a winner.

Lets e.g. you take a trade entry setup, e.g. A Fruit signal or an AIMS Stress Free Trading The Setup 1 entry signal, with all 3 rules checked and ticked off. How can you then tell that future will bring exactly what you want. That is the confirmation. The trade setup itself is the confirmation. What else can you add to it so that you can improve the rate of success? The more important question is do we really need to be right more time than we are wrong?

Is it going to be a winning trade?

So I said that if we look for additional Confirmations this would suggest that we have the mind set of novice traders who wants to "make sure that the next trade is a sure shot winner". Most traders don't possess what Mark Douglas calls Probabilistic Mind Set. And a big portion thinks they possess that mind set but in reality they don't yet fully understand it and so they are unable to apply it.

A beginner is always trying to hit that next winning trade. And this "need to know the future" is the biggest problem.

Keep it Simple - If it Ain't Broker Don't Fix it

I'd like to tell you one thing though no matter what anyone says, with whatever they can throw at me, I will NOT Add anything to my chart or change my technique. do you know why? Because it works. I don't need to change it, IT WORKS

What is Additional Confirmation?

What is additional "confirmation"? I don't like the concept behind confirmation because Nothing can confirm "the future" and tell you the outcome of a trade entry signal. Be it AIMS The Fruit Signal or any other signal or entry mechanism. Is there a way to know the future? If these concepts are new to you prepare yourself for a complete turn around of your thought process. This is what we teach and share with you inside AIMS Forum. Successful traders "Think Differently".

so I said, "You know that I don't give a s**t about how perfect the entry is? I place only 5% importance on entries?

The Mind 

Because Trading is 80% in the mind. 10% is MM (Money management and position sizing strategies) and 5% exit, that leaves 5% for entries. So its 20% science. (the strategy i.e. a system rules pertaining to making entries, managing trades and exiting the trades) and 80% Art.

AIMS is The Art of Trading Chaos!

.... to be continued tomorrow (Click here to Read the Next Part)



Wednesday, 7 January 2015

Do you feel betrayed or angry at the market when it goes against you?

If you do, and I know most of us experience those feelings, let me ask you a question. Do You feel the same way when you toss a coin? You called heads but its tails,do you feel betrayed by the coin? If you are playing a slot machine and time and time again you don't get what you want do you feel betrayed by the machine? I'm sure your answer is absolutely not.



When the pattern shows up, e.g. S1 Setup, you have to take it just like you're willing to flip a coin. "trading a technical pattern like ours has nothing to do with being right and wrong, this is not a right or wrong game" its just an odds game. Trading a technical pattern is exactly that. It gives you odds in your favour but not per "attempt" or "trade".

Odds in your favour, what does it mean?

And the odds in your favour are not per trade. You have to understand this, that you have odds in your favour over a series of trades not per trade.

A Setup is a Setup is a Setup

Traders often mistakenly think that when the "pattern" e.g. The Setup 1 presents itself that they get odds in their favour which means "I will win the next trade because its a GOOD Setup". The reality is that Setup 1 or any other pattern, The Fruit or Seed, Trend lines or whatever repetitive pattern you've found in the market is just that, a pattern that repeats itself. A pattern is a pattern. It does not give you an edge in terms of your ability to win this particular trade or your next one. However it does give you a edge , it gives you odds in your favour in terms of your total winnings be more than your total losses. It means that at the end of a series of trades your overall balance will be positive. But this largely depends on your ability to stick to the plan. You cannot count trading mistakes, which means not following your rules, in this series of trades.

How sure am I if I will win my next trade?

Traders often mistakenly believe that their method is telling them that the next trade will be a winner that their method is telling them what's going to happen next? I cannot guarantee that, i cannot even have any idea so that I could tell at all, whether my next trade will be a winner or a loser. I can say with certainty that if you follow this pattern at the end of 20 or 50 trades your overall winnings will be more than you've lost. This is Trading. Trading is a pattern recognition numbers game.

Its Easy to Trade, Its easy even to find a good winner, everyone finds a winner every now and then, however its not easy to make consistent gains unless you've addressed the mind issue which is "Fear of Trading". Unless you've understood the fundamental fact about trading. Trading is an odds game and you have to play by the rules. Unfortunately our fears in our minds always block our way towards consistent success.

AIMS Stress Free Trading - Activating The Zone
If you're scared, if you're not making money, you've got to get this eBook. Previously only available to Premium Members inside AIMS Forum now available to download right now.

Activating The Zone - [DOWNLOAD]



When is it too late or too early to buy a pullback? 

In order to answer this question first ….  Let’s quickly do some repetition. Let’s quickly do some repetition.  Let’s throw in some trading ...