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1. Risk Capital — Money Weakness
· Insufficient trading capital
· Obsess with Money - not focused on Learning & Winning
2. Wrong trading Game (System)
· Losers play a loser's game - an obsolete game
· Unaware a winner’s game exists
· Refuse to accept the new trading realities
3. Personality + Incompetence
· Trading on your own
· Lack of trust - markets, stock prices, trading abilities
· Attitude - arrogance, impatience
· Lack of Control - emotions, decisions, trade execution
· Lacks - confidence, skills, and performance results
· Denial - hoping for months, somehow, they will win
4. Self Destructive Behavior
· Don't take care of themselves - health, nutrition, rest
· Low self-esteem - lack confidence, support, performance
· Lack balance in life - put off family, friends, and fun
5. Inefficient Office — Work Area
· Obsolete Computer — system, devices
· Inappropriate software — communication, trading
· Inadequate Monitors — screen “real estate”
· Ergonomics — chair, desk, keyboard, mouse
· Energy imbalance — you and your trading environment
· Ventilation
· Lighting
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Other Distractions
Games
They read and reread all the trading books (based on old-school trading information), attend the trading courses (you guessed it, again old-school) — filling their heads with everything they need to know about what? Losing.
Losers soon get very good at what they know best - Losing.
Why?
Because all the stuff available from all sources, including every course available and every booth of experts at the latest traders expo, are loaded with old-school thinking.
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Arrogance
The mood of arrogance, a combination of pretending to know about (pre-conceived notions) and thinking they can have complete control over everything in their life is the primary source of all losing.
“So How can I learn to Trade Well?”
Losers need a wake-up call before they blow up emotionally, blow out financially, or both.
This is your call— your decision to continue losing or finally learn how to consistently and profitably win.
Kids have virtually no fear, no bias, no expectations (other than winning some day) — so, like playing in the sand box, their sole commitment is to learn to win — simple, yes? They say kids have lots to learn from their elders. Well, when it comes to learning to trade well, we have a lots to learn from all the playful, innovative, passionate kids around us — their way of learning to win games is the way to learn the new trading game. You’ll see.
Losing traders need to learn to trade all over again— trading a game that’s at least winnable, not the one they know perpetuates losing. We have the new game, the winner’s game, and the learning program for want-to-be winners to quickly shift from losing to winning, then consistently & profitably winning.
“Are you suggesting I need to change?”
You got it.
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Uninformed
“Why haven’t I heard about all this before?
Possible reasons
· You weren’t ready, or you weren't listening, or both
· Winners are not about to tell you about their trade secrets,
· Most winners are not available or competent
· Arrogance - the very weakness that cripples your trading
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· competence · performance excellence Performance—includes winning decision making, timely actions - intuitive, controlled execution.
Working together effectively with your consultant/coach requires mutual trust.
Trust that you the client trader are sincere, committed, and passionate about learning to win— willing to practice endlessly to allow change to unfold and competence to develop naturally
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Losers continue to trade in a funk, vulnerable and gullible.
From Mental Edge, a MarketWise.com (Terra Nova Financial Group Company) as article titled “Motivating Thought by Michael Shopshire, PhD—there are 2 quotes of interest about losing:
“Our greatest glory is not never falling, but in rising every time we fall” - Confucius.
In his interview in Market Wizards, Dr Van Tharp describes the characteristics of a losing trader: “The composite profile of a losing trader would be someone who in highly stressed and has little protection from stress, has a negative outlook in life and expects the worst, has a lot of conflict in his/her personality, and blames others when things go wrong.”
Losers go on playing their old-school game, applying obsolete rules, unwilling to change anything about their losing trading game - perspective, thinking, habits. Old-school trading = negative stress.
You change your negative trading stress by changing your trading game
“How can I change my Trading? How can I learn to win?”
Losers persist in trading on their own — as they don't yet know of any other way to trade. It’s a combination of distrust of others, who failed them in the past, and arrogance - thinking “I’ll figure this out on my own, just like I have in all the other areas of business (traditional business) where I found myself in trouble, yet came through a winner, in the past”.
Losers don't seem to know what's going on with the trading game, their enormous vulnerability, what's at the very source of their losing. So they just keep trading this way, on their own. They continue with what they think matter but doesn’t help. They take more old-school courses, read another book or two, and so on, yet they keep on losing. It’s a vicious and painful cycle.
You want to win in this market, you better be prepared for a lot of change, so you can match this market and game the big money winners play with your own game — for certain, a radically changed game.
Trading attitudes have changed, trading plans and trading rules have all changed, and even the point of trading itself has changed. Most traders, the majority of the crowd of losers haven’t the foggiest idea of what’s really going on. ______________________________________________
“How can I find my place in the new game — to take advantage of the change, so I can be a winner again.” ______________________________________________
I’m going to repeat here, again. At the source of all this change is big money trading software.
Sophisticated, scientifically designed software (carefully programmed with all that you have learned and all that you continue pay more to learn) has changed trading game, everything about trading — forever.
Even though the big money has the trading game "stacked" against the average trader (much like the Vegas slots), losers are either unaware this is going on and/or, when they do become aware, they refuse to accept their plight, then do something about this problem to ever win again.
So in answer to your question above — You need everything I have been talking about to ever have a chance of winning — given how the game is stacked against you, stacked against all losers.
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Day Traders Win — Why We Exist
The purpose our website and our services is first about helping traders wake up to what’s really going on. “It’s the game stupid.”
Losers have absolutely no choice but to change their game, if they want to make money that is. Change their attitude, their thinking, their habits, and the way make decisions and execute trades - to ever be profitable winners.
Now that's a lot of change.
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“What makes you so sure of yourself?” ______________________________________________
Think about it.
No one knows, beyond a few moments, what’s going to happen next. Anyone claiming otherwise is disconnected from the reality of the markets and the nature of moving prices. Yet losers insist on trading as though they can forecast and predict—using picks of the day, yesterday’s data, and just about every service on the internet designed to do the same. That’s crowd think, that’s what losers have been trained to do for years and refuse to so anything but
This is what I know a lot about - change.
As a consultant/coach, for what seems like forever now, that’s what I help traders do best—change—to quickly get connected with the reality of whatever it takes to learn to win and be profitable - in this wonderfully exciting business of trading stocks.
I’m in every sense of the words, a change agent. I help traders clearly see who they are and where they are, so they can choose to get to be who they want to be (winners) and where they want to be (consistently profitable winners).
And that’s what our Website, our Services, and our Trading Room are all about - helping traders like you change (displace, actually) nearly everything they and you know about trading to finally get what they and you want and need — profitable winning.
Our confidence stems directly from our nearly 3 year history of producing these kinds of results for traders who come our way for help.
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So there you have it.
You know how and why you lose.
You now know winning requires that both you and trading system, what I refer to as the trading game, must change — for you to ever get what you have wanted and neede |