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You’re not built for trading…FACT..
If you’re currently struggling with your trading and finding it hard to make money in the markets, ask yourself why. Most traders give up because it is far too hard and stressful, FACT….. It is also a FACT that almost all traders don’t know why it is so hard….. Lucky You because “We know why and how to rectify that issue“. The content below is a brief snapshot of why most traders never make it. You are up against it from the start and it is actually not your fault. That’s right it is not your fault at all.
- WE KNOW WHY YOU ARE NOT MAKING IT AS A TRADER!!!
At the moment you are probably at that stage of not quite making it and wondering why?
Don’t hit the panic button I was where you are at the beginning too. The simple fact is that we’re not actually built to be high-quality traders as our brains are just not set up to handle the tough trading psychology that comes with it.
I will show you why and also how to train yourself to handle the subconscious toxic byproducts of trading, this after all is the most common reason people just like you are not making it as a trader.
- We’re not programmed to trade it’s not your fault!
Trading is predominantly made up of you making decisions and the way in which you handle the psychology that comes hand in hand with trading. Let’s drill down into the part of your brain which processes and deals with the decisions in trading which makes up the “Psychology” component of your trading.
- What is the reticular formation part of your brain?
- Why does this part of your brain affect you being able to trade the way you want to?
- This is the part of your mind that responds to outside stimuli. Looking at trading charts for example.
You are biologically hardwired to react instantly to things you see and you execute a well defined and practiced skill. Over time, your reactions occur unconsciously and effortlessly. A perfect example of this is learning to drive; you master the skill from an early age so it becomes automatic. Doing something repetitively over and over makes your brain lazy, which is not always a good thing. In the absence of a filter or set of rules, your brain will skip searching for the best response or solution. Unfortunately, this response in particular is not always the best solution for traders no matter what your experience level.
Let’s take a look at another example…..
Pilots, doctors, military personal and professional athletes achieve success in their chosen field by continually teaching their reticulation formation centres (part of your brain) what they want to filter out, what they want to allow coming through and how they will react to what they experience.
- So how does this have anything to do with trading? Quite simple, because without a plan, the reticulation formation will allow all charting stimuli to enter into the traders mind. This data overload paralysis the trader’s brain.
As mentioned previously, this also triggers the amygdala (part of your brain) into selecting a solution which as we have detailed previously is not always the best solution for your trading.
So you can start to see that your poor decisions are not actually your fault a lot of the time because your mind is not programmed to handle the new psychological process. This is because of the role that the amygdala function in your brain, it is not much bigger than a walnut and is in the above picture in blue.
Your challenge is to program your mind to automatically respond in pressure situations and to maintain a coherent emotional state is the key to trading in the Zone.
How do you do this? Let’s show you……
- Does this vicious cycle look familiar?
You are a very good chance of being one of the 95% of trading that are stuck at Level 2, catching a fleeting glimpse of Level 3
- So how do you move up to the next level and stay there? You get a glimpse of the next level then bang……your back to Level 2 riding the emotional rollercoaster.
There is an actual science behind why this is happening to you and it is important that you realize the cycle which you are tangled in at the moment. Let’s show you why…….
- Is there a precise science behind your trading success?
There is absolutely a science behind why you are struggling at the moment and as we discussed earlier it is not your fault, that’s the way you were built.
So your asking could it really be a physiological event occurring that’s making you trade so poorly?
If you have been stuck at Level 2 on your competence ladder then the following information will resonate with you and hopefully enlighten you as to what is holding you back.
So let’s take you back down memory lane to school….we need to do a quick lesson in Neural Anthropology…… no talking in class!!!
“The human brain has adapted over many centuries by providing processes that improve the survival of the individual and the species. A part of our brain, the amygdala, acts as our protective filter, it has the ability to remember painful experiences and attaches emotions to those experiences. It makes judgments about likes and dislikes and passes its prejudices to the outer part of the brain.”
This is exactly why YOU, in the course of learning to trade, will make errors that are unavoidable when learning a new skill. You automatically assign pain or a negative emotion to trading outcomes. You may not remember the details of those painful or negative experiences, but a part of your brain does. That part of your brain (the amygdala) stores details about EVERYTHING that ever hurt you and it tries to avoid those things in the future. The amygdala is a pattern recognition device. It is the size of a walnut as you have seen in the picture and it has the ability to recognize 20,000 faces….or chart patterns.
So you can see it’s not your fault you are making poor decisions in your trading it is all automatic and happening before you actually know it. How to you fix it?? Easy …..Complete the Gold Package Program and this along with many other topics will build your knowledge and skill to be able to trade on a full time basis successfully.
Gold Package Program
The Program takes you through the ultimate trading package. You will complete a self paced easy to learn program aimed at providing you with all you need to enjoy a successful trading career. This program IS the difference between a trader being part of that 90% who lose money, time and confidence in the markets and never make it rather than be part of the 10% who are full time traders who have a clear precise trading plan which was built on knowledge and experience over time. It is pretty simple, complete the program and succeed or become a statistic in that 90% bracket.
If you would like to complete the Gold Package Program please email luke@globalmarkettrader.com for an application pack.
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Another session for the Dax Auto Trader complete, its been a pretty flat week until today with a large Gap down producing a long to the previous close on both the 144 and 202 tick charts. This was the breakout trader and the trend trade set ups. These are part of the V2 trading system which you are welcome to use yourself.
- 55 Tick Volume Trader = -€ 458.00 (Euro Session only)
- 144 Break out Trader = +€ 1,071.50.00 (Euro Session only)
- 202 Trend Trader = +€ 1,479.50 (Euro Session only
- 89 CL Trend Trader = -$ 350.00 (Euro Session only)
- 987 Cycle Trader = -€ 325.00 (Euro Session only)
Total = +€ 1,418.00
Regards
Team GMT
HYPOTHETICAL PERFORMANCE DISCLAIMER HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS
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Not your typical Forex Scoop…..
You have asked for free things rather than always getting emails which are asking you to buy something !!!. Quite frankly I agree and that’s why I am giving you an insight into what the Forex Brokers get up to and how they already have the edge on you before you even place a trade.
You really must read this short 1 page document which gives you an insight into how you can gain an edge in the forex market. It doesn’t cost you anything to read it… So take 3 minutes out of your day learning something that will help you.
Click HERE to get your Free Module in the Beat the Forex Broker series called “The Trade Desk, a Brokers Best Friend”
Kind Regards
Luke Ferguson
Global Market Trader
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Hi Traders,
Yes the run continues on Crude using the V2 Trend Trader another $280.00 today taking the monthly total per contract to $1510.00 and a solid $8700 since 1 October 2010. Trading for 20minutes a night. A great way to get your life back if you are guilty of screen watching for hours and going through the emotional rollercoaster of winning and loser and trying to battle all day to get back to breakeven……sound familiar!
Well jump into our session we are 850-910 all trades which usually is an average of 1 to 2 trades per session. Our circuit breaker is three losers or a point value of 15pts which is $150.
Our settings for Crude are:
55 tick
| GMT_V2_Trend – Version_1.5 | “v” |
| GMT_V2_Trend – ________Strategy_______ | “Strategy” |
| GMT_V2_Trend – Trading_StartTime1 | 0850 |
| GMT_V2_Trend – Trading_EndTime1 | 0910 |
| GMT_V2_Trend – Trading_StartTime2 | 0000 |
| GMT_V2_Trend – Trading_EndTime2 | 0000 |
| GMT_V2_Trend – InitialStop_Ticks | 16 |
| GMT_V2_Trend – TP_StopOffset_Ticks | -4 |
I will keep you posted as to how this session continues to perform.
Happy trading.
Cheers
Shane
Global Market Trader
Trading within “Key Equity Education Pty Ltd”
ACN 138 982 224, 19 Geera Street, Coorparoo, 4152, Queensland, Australia. Authorized Representative number # 357934
HYPOTHETICAL PERFORMANCE DISCLAIMER HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
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Hi Traders,
We are offering our loyal subscribers 1 week free trial to our new membership area. Our membership area contains:
- GMT Futures & Forex Learning Centre;
- Daily updates;
- V2 System training material;
- Whats Hot – Markets that are performing exceptionally well with our V2 strategies; and
- Recorded weekly training & webinars on a variety of trading strategies and topics.
We are also extending this invitation to our live trade room. This week is our free membership and Live training center access which includes live trading on the markets. Come in and see what all the hype is about. Join us for our live training sessions in a live market as well as get access to the new and exclusive members area which has great training material.
All you need to do is fill out our registration form requesting our free trial and you will have free access for a week.
Good luck and we hope you enjoy our trial week.
All the best.
Team GMT
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Here are the results for the Dax Futures Euro Session trading the Dax Futures.
- 55 Tick Volume Trader = -€ 358.00 (Euro Session only)
- 144 Break out Trader = -€ 611.50 (Euro Session only)
- 202 Trend Trader = -€ 70.50 (Euro Session only
- 89 CL Trend Trader = -$ 160.00 (Euro Session only)
- 987 Cycle Trader = -€ 625.00 (Euro Session only)
Total = -€ 1,762.00
Regards
Team GMT
HYPOTHETICAL PERFORMANCE DISCLAIMER HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS
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