EZBreakouts

“It is almost impossible for the beginning trader to make a reasonable assessment of the level of expertise that is required to function in a trading environment.” Mark Douglas, The Disciplined Trader

 

First the bad news. Mark Douglas is right. Trading is harder than it appears. Most active traders fail within two years. The typical futures trader blows up his/her account 3.8 times before giving up. The good news: There are only three things you need in order to survive the learning curve and prosper as an independent trader:

•  A Positive Belief System

•  An Effective Trading System

•  A Stable and Resilient Nervous System

Being a trader myself, as well as a coach and a psychotherapist, I specialize in helping clients optimize all three factors.

YOUR BELIEF SYSTEM

Most traders go through a honeymoon period with trading, but then get disillusioned. Once a certain level of negative conditioning has occurred, you will become either risk averse or desperate. Either way, you will not have the proper attitude to trade well. You will get shaken out of good trades before they take off, or you will become reckless.

SOLUTION:Traders with negative conditioning need to clear out the emotional residue from past experiences with the market. You must cultivate a mindset that reduces your emotional reactivity to being wrong, losing and missing out. My Total Brain ConditioningTM technology can help you quickly change your mindset back to one of positive expectancy and restore the winning attitude you once had. You can sample that technology here.

YOUR TRADING SYSTEM

You need trading software and a trading plan to succeed. You can pay upwards of $15,000 for trading software that will drive you absolutely crazy and never make you a dime. Most traders need to start with a simple KISS system that wins much more often that it loses. It is the frequency of success, rather than the size of the wins, that has the greatest effect on the mental state of the trader. The software should be simple enough that a cave man could trade it.

SOLUTION:The EZBreakout Method and www.EZBreakouts.com is an example of a simple affordable system.  

YOUR NERVOUS SYSTEM

Some traders lack the discipline to follow a trading plan, even when they want to. These traders tend to be intelligent, creative and intuitive, but also inconsistent, disorganized and impulsive.

SOLUTION: Take my free Risk Profile to find out whether you are in this category. If so, you may need some specialized coaching to help you correct these tendencies.

 

THE TRUE NATURE OF THE TRADING ENVIRONMENT

Aspiring traders naturally focus on the potential for virtually unlimited gains. Few are prepared for the reality of the trading environment, which according to Mark Douglas is a “lonely psychological wilderness.” The world of trading does not resemble normal social or business reality. Dr. Alexander Elder says it lacks “normal human helpfulness.” That may be an understatement.

One client who has been very successful in the construction industry recently said to me, “I don’t think I’ve ever realized before how ruthless the trading business is.” MC, in Texas.

 

THE STORY OF SANDY
One client (let’s call him Sandy) is a former executive at a well-known software company. Sandy is smart, creative, confident, strong-willed, ambitious and very dedicated. In the business world he is a CEO-type, a “peak performer,” but that did not help his trading. Sandy took his trading account from $1 million down to $100k in the year before he called me. How did this happen?  

As his strategies and tactics failed to achieve the desired results, Sandy increased his risk-taking behavior. He increased the size of his bets. He traded more frequently. He averaged down on losing positions. He chased momentum, going for the home run, but let winners turn into losers.

His wife was worried about his trading, but he believed in himself and his abilities. In fact, Sandy always felt he was on the verge of tremendous success, even as his equity curve continued to plunge.

Sandy failed to recognize that the world of business and the market environment are very different from each other. Sandy’s business skills and winning mindset actually worked against him.

Bottom line: Whatever your level of intelligence, education or success in life, learning to trade for a living is likely to be one of the hardest things you have ever done. To trade successfully, you need to do the exact opposite of what your instincts, emotions and business skills naturally urge you to do. Once the downward spiral starts for a trader, it tends to take an inevitable course to washout. To understand more about your own vulnerability, read the next section.

You can request my Free Risk Profile here.

RISK OF RUIN
The Risk of Ruin defines the odds of reaching a point at which you are no longer mentally, emotionally or financially able to fund (or re-fund) your account. The risk increases exponentially for those traders who:  

Hesitate to pull the trigger;
Enter too high for longs and too low for shorts;
Are paralyzed by over-analysis;  
Can’t stay in a winning trade;  
 Can’t take a loss in stride and keep losses small;
 Overtrade and “revenge” trade;
Compulsively trade against the trend , and/or
Can’t seem to learn from mistakes.

 

Any one of these behaviors is a warning sign that you are vulnerable to the Self-Sabotage Syndrome. In the current market climate, where volatility is 2-3 times normal levels, these high-risk behaviors may soon put an end to your trading career.

TO MASTER THE MARKET, MASTER YOURSELF

I’m a competitive tennis player. Tennis legend Andre Agassi once said, “For me, tennis is a vehicle to discover myself and push myself.” I think for many aspiring traders, the market serves the same purpose.  

As an aspiring trader, I believe you are driven to master trading because it holds the secret not only to your financial future, but to your own personal development and self-mastery, as well.

Am I right about that?

Many of my clients report that as their trading improves, the quality of their life improves along with it. If you are this type of trader, passionate about succeeding, I am committed about helping you reach your goal.

MY BACKGROUND  

My name is Dr. Kenneth Reid and I am a practicing psychotherapist, trading coach and trader. I also work as Senior Analyst and Editor for three national stock market newsletters with thousands of subscribers. I’ve appeared on CNBC and written for Forbes.com and SmartMoney.com.  

Whether you are an aspiring rookie trader, an experienced veteran who is stuck at breakeven, or a successful professional looking to sharpen your edge, I can help you reach your full trading potential. You can read testimonials here. My customized program costs just $1499, less than you might lose in a single bad day.  Email me to schedule a FREE 15-Min. CONSULTATION or click here to sign up now.

If you take no other action today my friend, be sure you order my neuroprogramming MP3 ACCESSING THE WINNING TRADER’S MINDSET for just $99. The key to trading success is becoming proactive about your mental-emotional state while trading. Take the next small step. It could save you thousands!