Inside Out Trading|More Confidence. Less Stress. Consistent Profits.

“Time to Profitability” is a concern of any new business
but of particular importance in the trading industry
because of the potential for loss and the leverage that
is working against you.

When any new business starts up, it takes a period of time
during which the business is getting established.

Those with experience in starting up new businesses know
that research and planning considerably shorten the time
it takes to get to the point of a smooth running operation.

Most new businesses fail because the owners don’t have the
experience in the industry they are entering, or don’t have
experience in starting up a new business - or both - and
they don’t get to the point of profitability before
exhausting their startup capital.

This is especially true in trading, where most of the
people choosing to become traders lack experience in both
categories, which puts the odds severely against them.

If this sounds like you, then don’t feel bad.  When you first
started trading, they were mostly just telling you about all
the money to be made in trading and not all of the realities
associated with it.

Ironically, the failure rate in trading is the same as it is
in general with new businesses, but with one important
distinction.

Time to Profitability is even more important in trading
because there is more than just the cost of doing business,
losses ARE going to occur even when the business has fully
matured.

Now if you have started your own business before, then you
know the truth of the above, and you also know that trading
presents unique challenges.

If you’ve never started a business before, then you have
probably already figured out that trading is NOT simply
“something to do to make money”.  It is a real business if
you want to have a reliable and consistent income from it.

Plus, you’ve also realized that it is unlike anything else
that you’ve done before and it certainly isn’t as easy as it
seemed it would be at first.

One thing that you probably have experienced is the difference
that it makes when you go into a new occupation and you
receive training for the job versus if you’re just ‘thrown
to the wolves’ to figure it out all on your own.

You get established and proficient MUCH faster and easier when
you have training.

Training shortens the time to profitability considerably.

Now as a trader, you are both the trader, the manager and the
owner of your business.  You have multiple roles that have
different requirements.

If you want to shorten your time to profitability in the
business of trading (which you’re now in), then wouldn’t it
be worth your while to pursue training that will help you
QUICKLY develop the knowledge base and skills for the various
roles that you have as a self-employed trader?

You’ve heard the saying,

“Anything worth doing is worth doing well”

and it is especially true of trading because of the leverage
involved and the fact that you can lose too much money too
fast to go about it halfway.

In trading, you either get good at it as quickly as you can
or odds are that you’ll fail and pursue something else.  So
the question becomes…

Do you have the desire to become a GREAT trader?

If any of this resonates with you and you’ve got just one
hour a week, then I invite you to check out the Trading
P.I.T. (Professionals-In-Training) Club, where you’ll
receive training on how to become the great trader that
you know you’re capable of becoming.

http://insideouttrading.com/pit/great.html

You’ll be glad that you did.

Cheers

Brian

P.S.  Unless you have unlimited funds to trade with, I
strongly recommend that you consider the training offered
here.  Besides, you really don’t want to wait any longer
than necessary to get to the point of consistency and
reliability with your trading business do you?

Now is the time to act.

http://insideouttrading.com/pit/great.html

Visit any forum or chat room and you’ll find three things
that are stopping most people from achieving the success
they desire in trading.

Worry, doubt and fear are Trading Vampires that can suck
all the good things right out of your trading!

Your energy

Your attention

Your confidence

Your ability to act without hesitation

Your enjoyment of trading

Your profitability

But, think about this for a second.

Do successful traders ever have worry, doubt or fear in
their lives?

Of course they do!

The big difference is they do not allow these negative
feelings control their actions or inaction.

These negative feelings are consciously overcome or
removed!

Even the most successful traders will open new and
incredible possibilities for success instantly by
removing these limitations.

AND

Those who have not gotten their first real taste of
success yet, will have even more spectacular results
when they learn to master these Trading Vampires.

But how?

I will tell you a story about someone I know well,
who fought until he was able to stumble onto how to
master them…

I know him because I look in the mirror at him daily!

Yes, I have had many experiences with Trading Vampires.

I will tell you exactly how I got the upper hand in
that battle!

The first step was to stop looking for answers anywhere
outside of myself.

I had to face the fact that it wasn’t the markets that
were suddenly going to start favoring me just because
I wanted them to.

My system wasn’t the problem because I wasn’t sticking
to it well enough to say.

I simply had to make the decision that I WAS going to
make it as a trader and the only way to do that was to
make myself into the trader that I knew I was capable
of becoming.

One that followed his system with confidence

One that took the right actions without hesitating

One that knew where I was going with my trading, instead
of just trying to make money at it.

The first and biggest step was to take control of my
own destiny as a trader, and take responsibility for
my results - no more blaming anything.

I decided that if I was going to make it, I had to
approach the whole thing differently.

When I made that decision, it came to me that a large
part of the problem had been that I looked at trading
as something to do, not as a business and a new
occupation.

I’d made career changes before, but nothing prepared me
for trading, so I had to do some homework.

That’s when it all started coming together.

Now the lessons that I learned in that research and in
my time helping other traders, I’ve been able to not
only identify many helpful tips, tricks and techniques,
I’ve been able to tap on my experience as a trainer and
tutor in other areas to assemble a full curriculum of
what a person needs to become a successful trader.

If you have the desire to fulfill your potential as a
trader and succeed in this new occupation you’ve chosen,
and you really don’t want all the sweat, blood and tears
involved in going it alone, then I invite you to check
out the Trading P.I.T. Club.

http://insideouttrading.com/pit/

Members of the P.I.T. Club enjoy 26 weekly lessons and
exercises that build your skills as a trader and the
entrepreneur that you need to be a confident trader
that has your Trading Vampires under control.

No stress, worry, doubt or fear.

These negative feelings will be replaced by a feeling
of calm and confidence you’ve never experienced before.

Everything will become possible for you, and with so
much less effort and struggle than you’ve become used to.

You are deserving.

You have the power and the capability to succeed.

Simply remove the Trading Vampires from your life and
allow yourself to get there.

Go now and experience a miracle in your trading life!

http://insideouttrading.com/pit/

Cheers

Brian

P.S.  If you’ve been struggling with many issues or
just a particular few, this training will help you
address them.  Once you do, you can’t help but see
a difference!  If nothing else just the elimination
of fear, doubt and worry is a gift in itself.

http://insideouttrading.com/pit/

The ability to keep your cool, make good decisions
and to act decisively without hesitation is arguably
the most important skill you can have as a trader.

That ability is more accurately known as Emotional
Intelligence, or E.I.

You may have heard of E.I. as it is commonly known,
and that it is taught usually in the workplace, most
often targeting managers.

But in trading, Emotional Intelligence takes on a
whole new meaning.

For the beginning trader or a seasoned veteran, E.I.
is critical to avoid mistakes.

To help you along with developing your E.I., I’ve
created a six-part “Reader’s Digest Condensed
Version” of the training that members of the
Trading P.I.T. Club get.

Each of the lessons in the mini-course has an
assignment to go with it, so that you benefit
by doing, not just reading.

You can have this mini-course at no charge, simply
by going here,

http://insideouttrading.com/pit/

I hope that you get it and put it to use. You WILL
see the difference in your trading, even just from the
mini-course.

Cheers

Brian

P.S. Books on trading psychology are wonderful, but if
you want to build skill, then you need to take action.
Reading only gives you knowledge, action brings experience
and that is what builds skill. Get your mini-course now!

http://insideouttrading.com/pit/

Trading can be a very emotional occupation and unfortunately, emotions are the cause of more lost money than the unpredicability of the markets. It’s easy to see in action too. Whenever you hesitate to get in on a winner, that costs. Whenever you hang on to a trade too long and don’t take your profits when they are in hand, you’re just giving that money back to the markets. Staying in a winner until it turns into a loser is one of the most costly mistakes caused by emotion. Every time you get out of a winner too early and cut your profits short is just more evidence of emotions costing you money.

“Once bitten, twice shy.” At the root of most of the problems in trading is fear. Fear that because you’ve felt the sting of an avoidable loss before, that it will happen again right now. That fear is what causes the hesitation, the hanging on too long, the getting out too early.

There are other feelings that come into play for sure, like greed, hope, despair, guilt, shame, anxiety, confusion, anger, pride, and a host of others. One of the biggies is revenge. When you’ve been hurt with a painful loss that has you licking your financial wounds, there is a part of you that wants revenge. You want to get back and the markets and get your money back. It’s a natural human response.

One of the problems is that trading is an activity that in many respects runs counter to our nature and everything that we’ve learned growing up. Our emotions are part of a survival mechanism that in trading, tend to work against you. It’s not natural for you to step into a potentially dangerous situation, get hurt (take losses) a fair percentage of the time, be okay with it, and then step right back in. The natural reaction is to protect yourself, in trading, you’re dealing with the unknown behavior of the markets, plus trying to absorb a large body of knowledge along the way..

Now, getting your emotions under control, or at least to the point that they no longer interfere with your ability to make good decisions and act without hesitation when the time calls for it takes more than just will. You can’t just ‘force’ the discipline to stick to your system, at least not for long.

Fear diminishes as you replace it with confidence, and as your confidence builds, you’ll find that the discipline to do the right thing at the right time becomes easy. But again, you can’t force it. You have to develop a specific skill set, including a critical one called Emotional Intelligence - as a trader.

That’s quite a challenge, as most people that get into trading have never done anything like it before. It is a totally new experience, and like all occupations, it requires a specific skill set to be good at it, to be confident and keep your cool under pressure. Most of the time when you move into a new occupation, you get trained for the job. Your employer knows the importance of helping you establish yourself and making sure that you have the skills to be good at what you do. For most traders though, they never get that chance. It’s ‘train-yourself” on-the-job training, which in any occupation would be seriously short-changing you if you want to be successful.

In the past, about the best you could do was to buy a book on ‘Trading Psychology’, which is a conceptual approach to trading, and many books on the subject were written by psychologists, not traders. The problem with this is that Emotional Intelligence is a skill - a specific ability. You don’t develop skill from reading, you get it from specific actions. Your skill grows and your paradigms shift from experience, not from simply acquiring new knowledge.

Until now, there has been little in the way of specific training on how to BE a successful trader. Most training that is available focuses 90% on the system, not on you as the trader, and certainly not on developing Emotional Intelligence as a trader. There is such training now available through the Trading P.I.T. Club by Inside Out Trading. The training consists of 26 weekly lessons specifically designed to eliminate your fears and give you the confidence you need to trade well, without the emotional influences that can be so costly in trading.

You can transform your trading experience from one of emotional losses to confident consistency by going here,

http://insideouttrading.com/pit/

Getting a handle on your emotions can be the most profitable

thing to pursue, especially as a trader. I made a short video

that speaks to Emotional Intelligence specific to traders, and

it’s just for you.

Enjoy!

Cheers!

Brian

P.S. If you want to develop your E.I. in trading, simply go to

http://insideouttrading.com/pit/

There are many skills that a trader needs to
profit consistently in the markets.

Which of these would you rate as most important?

- Determining market direction

- Picking entry points

- Picking an exit point

- Setting stops

- Money management

- Setting risk management rules

Now which one would you select as the most
critical skill for a trader to have, above all
the rest?

There’s one not listed above that is more
important than all of these…

Go here to find out what it is,

http://insideouttrading.com/pit/one-skill.html

It’s not usually thought of as a skill, but it
is one.

Have a great weekend!

Cheers

Brian

P.S. Best of all, this most important skill is
a learnable skill. We’re not born with it, we
have to develop it, especially as traders.

http://insideouttrading.com/pit/one-skill.html

I know I used to.

When I was in my first year of trading, I lost tons of sleep.

I was so strung out over my trades, some nights I didn’t get
to sleep for hours after going to bed.  I’d lay there stressing out
over whether or not I was going to lose money on the positions
I was in.

Sometimes, I’d be fretting over the money I just lost and feeling
all kinds of pressure to make it back because I’d set a goal for
myself and every loss only made it further away, more to make
up.

The stress and the sleepless nights continued for months, and
it got to where it was interfering with my entire life.

At work, I had a hard time concentrating on my work and getting
it done on time because I was so preoccupied with how my
trading was going.

At home, I couldn’t relax and enjoy time with my wife or kids.

But then I took a short break and decided to concentrate on the
one thing that I knew was at the root of all my woes.  There was
one thing that was my problem in my trading.

When I resumed trading, I had an entirely different mental
approach and it made all the difference in the world.

I could trade when I saw an opportunity, and I could easily stay
stay on the sidelines when that was the thing to do.

I was able to concentrate when I was at work.

I was able to relax when it was time to relax, and best of all…

I could get to sleep when I went to bed and actually sleep well.

The difference was nothing short of miraculous.

How about you?

Do you sometimes go to bed only to toss and turn, worrying
about your trading?

Does the way your trading is going interfere with the rest of
your life?

Would you like to change that?

If you’d like to experience a transformation like I did, I can
show you how to make it happen.

If you’ve got 1 hour a week, I can make it happen for you.

Click here to begin…

Trading (and life) is all about decisions.

One of the keys to avoiding regretted decisions is to have a rule of thumb in hand for any prospective decisions that you encounter.

Now investing in your trading business is a necessary part of being a trader, and you really need to make sure that you invest wisely.

We’ve all bought something that at a later time wished we hadn’t, for example an expensive piece of software or a fancy trading system.

Here is a rule of thumb that you can use when presented with a tempting offer:

If the price is greater than the amount you could comfortably lose on ONE trade, sticking with your risk management rules, then you really need to weigh both the prospective gain (in dollars) from getting it along with the LIKELIHOOD that you’ll realize that gain.

If it costs substantially more than what you’d risk on a trade, consider the matter thoroughly before acting on the impulse to buy it.

Here’s an example to illustrate.

Say you’re looking at a piece of software that costs $1,000 and your available funds are $10,000. That’s 10% of your working capital.

If your risk management rules state that your maximum risk is 5% max, then that’s $500. This software is twice that.

Now ask yourself, “Is this software REALLY going to solve my issues, my real NEEDS at this time?” Have you already mastered your current software and outgrown it, where it just won’t do what you NEED to make money?

If you HAVE mastered your current software and it IS holding you back from improving your bottom line, then is this one that you’re considering the BEST solution available, both in terms of money and meeting what you NEED to accomplish what you want?

Or if you HAVEN’T, does this prospective one just sound great, and part of you is hoping that you’ll do with the new one what you didn’t take the time to do with your current one?

Maybe subconsciously you’re hoping that you can just skip the uncomfortable ‘work’ of developing proficiency with this new software?

If the answer is “Yes” to these last two questions, then perhaps you should pass on the purchase, and focus on what you REALLY should be doing to make your trading more profitable.

On the flip side of this coin.

If the investment you are looking at IS within your risk management rules and you really feel that it WILL have a positive return for you, then simply make sure that you take action to ensure that you do indeed get the benefit from it.

Just like with any trade trade, if it doesn’t fit within your rules, perhaps you should pass. There will be another opportunity.

As the saying goes, “There’s another bus right around the corner.” If it DOES fit within your rules and moves you closer to your objectives, act decisively and realize the returns.

Your decisions are yours to make of course, and I hope this rule of thumb saves you some stress and wasted time and money. It’s not set in stone, just a rule of thumb for handy reference that I’ve used along the way.

Cheers

Brian

P.S. Most of the decisions in trading are pretty easy once you reach the professional level. Get the right trading training and take your trading to that level in as little as just six months. Go to http://insideouttrading.com/pit/

What we’ll explore today affects everything in your
trading, from each individual trade to your bottom
line at the end of the month to your overall trading
experience.

What makes your trading frustrating or fulfilling?

Believe it or not, it’s not profits.

This is more important than that.

What is this tremendously powerful factor?

Your expectations.

Expectations are everything.

They set the tone for what happens in life.

They make EVERYTHING good or bad, tough or easy, fun or
frustrating, etc.

They are your judgmental filter to decide how you are going
to feel about things that happen - before you even
really ‘think’ about it.

How you feel about things affects your decision making,
which is what trading is all about.

How well your expectations are met by reality is what
determines your frustration or satisfaction level.

Let’s look at a couple examples and see, Good or Bad?

Example 1.

You walk into a restaurant and have a mediocre food
served to you by an apathetic server.  Was it a good
or bad meal?

It all depends on your expectations.

If you’re at a fast-food restaurant just off an interstate
highway, probably not, because you don’t expect much.

But if you’re in a $50-a-plate, bottled wine establishment,
you’re probably going to be sorely disappointed.

Example 2.

If you get a $8,000 a year raise, is it good or bad?

If the company has been talking about downsizing, cutbacks
and layoffs, you’ll probably be saying, “Gee Thanks!”

If you just got promoted to a position that requires you
to move your family to a much less than desirable locale
and the cost of living is twice what you’re used to, and
you’ll have to work an extra 20 hours per week, the “Gee
Thanks!” will probably sound a bit different coming out
of your mouth.

So what does this have to do with trading?

Everything.

Your emotions will affect your decisions, especially
when the pressure is on.  And how well your expectations
are met (or not met) will greatly influence how you FEEL
about what happens, particularly after the fact.

When this happens, it sets your expectations for the
next time, and how you feel going in.

And subsequently your decision-making.

Example 3.  Trading

Let’s say you’ve just had four losing trades in a row.

How does that affect the likelihood that you’ll stick
to your system on the next trade?

Will you keep your discipline or will you be tempted
to second-guess your system and not follow it?

It all depends on your expectations and how well they
are met with reality.

If your system is robust enough to handle 10 losers
and still be profitable at the end of the month (and
you KNOW this because you’ve backtested it and run
the metrics), then four in a row probably is no big
deal and you can comfortably keep your discipline.

Example 4.  Trading

How about if last month was a breakeven month, you
didn’t even make ten dollars.

Good or bad?

If you’re expectation was to make $25,000, then you’re
bumming for sure.

If you’ve had five or six losing months, then a break-
even month might be reason to celebrate.

Using This Information

So far we’ve been looking at past experiences, but you
need to know how to make use of this for the future.

So how do you get a handle on your expectations?

A great place to start is by setting objectives.

Objectives give you a clear target and a clear measure,
of what happens along the way.  The also provide context
for the everyday situations that come up.

Instead of every day being just ‘good’ or ‘bad’, when
you have specific objectives, you have a different and
more meaningful gauge.

You’ll also have more peace of mind knowing that you
have a compass to get to where you want to be down
the road.

The first training session in the Trading P.I.T. Club
is all about setting objectives.  Not only will you be
setting objectives, you’ll learn a very effective
approach and method for it that you can use in other
areas of your life.

To find out more and to take your trading to a whole
new level, go here

Trading Training

Cheers

Brian

P.S. Expectations are everything.  See how to set
yours to work in your favor today.

Trading P.I.T. (Professionals-In-Training) Club

Do you ever get the feeling like you may have been hustled as a trader?

Here’s how to tell if your broker hustled you or if they did right by you.

and here’s what you can do about it if you want to WIN the game of trading, instead of just playing it.

Get the Trading Training to become the winner!

Cheers

Brian