Overcome Fear

Fear is prob­a­bly the most sig­nif­i­cant emo­tion for traders. Many traders strug­gle with this emo­tion and fear can demo­bi­lize you from apply­ing your hard learned tech­ni­cal skills.  Sig­nif­i­cant trad­ing losses often lead to emo­tional dis­tress and tur­moil. Unless addressed, the trader may re-experience those painful mem­o­ries in future trades. Fol­low­ing anguish­ing losses, a trader may become par­a­lyzed and unable to enter the trade or act in other fear-based ways. After all, traders are human and nat­u­rally fear that which causes pain. Although the desire to trade may be strong, the men­tal response to fear can be stronger. Antic­i­pated pain is side­stepped by not pulling the trig­ger. This is not a sign of weak­ness. It is merely the mind’s attempt at self-protection, though it causes much frus­tra­tion and dis­tress, and works against our inter­ests as traders.
When suf­fer­ing from fear, you may
  • Cut win­ners short in fear of giv­ing prof­its back
  • Hes­i­tate in pulling the trig­ger because you fear the prospects of a loss
  • Hang on to los­ing trades because you fear tak­ing the loss
  • Jump into unplanned trades because you fear leav­ing money on the table
Have you ever ques­tioned why it is so dif­fi­cult to trade even when you have solid tech­ni­cal skills?
In this webi­nar record­ing, “build trader con­fi­dence and min­i­mize fear,” Dr. Gary, an expert trad­ing psy­chol­o­gist and edu­ca­tor of Wyck­off chart read­ing, pre­sented to you how you can use meth­ods based on cut­ting edge research from human per­for­mance psy­chol­ogy, to start build your con­fi­dence and min­i­mize fear.  Dr. Gary has gone into details on spe­cific tech­niques designed for traders for you to use to address fear in your trading. The webi­nar record­ing comes with a work­book of these tech­niques and  exer­cises you can use to over­come fear.
As some of you may have already expe­ri­enced, after sig­nif­i­cant losses, our trad­ing psy­chol­ogy can get in the way of trad­ing, even if we have improved our tech­ni­cal trad­ing edge. Many traders stop trad­ing and never return. Oth­ers work hard to under­stand and cor­rect the flaws in their tech­ni­cal game, only to find that none of the tech­niques they learned would help them over­come fear. To be suc­cess­ful, traders need to man­age both the tech­ni­cal game and the emo­tional side of trading.
This webi­nar is designed to help traders under­stand how fear can affect their trad­ing and offers spe­cific steps and prac­ti­cal tech­niques you can use to address this very com­mon emo­tional pit­fall in trading.
The webi­nar covers:
  • How and why fear affects the trader
  • We will clar­ify exactly what fear is, how it oper­ates in trad­ing, and how you can detect fear early, before it has a chance to become debilitating
  • The pri­mary fears a trader faces and how hope and greed are also forms of fear
  • How traders learn to fear the mar­ket – how fear is actu­ally self-taught and what can be done about it
  • The main ways traders try to solve the prob­lem of fear and why these com­mon and seem­ingly log­i­cal cop­ing strate­gies are doomed to always fail
  • Why fear is such a dif­fi­cult prob­lem for many traders and look at how and what we say to our­selves, who we act, and how we think about fear that makes it so dif­fi­cult for us to deal with fear
  • Guide­lines to help you look care­fully at how you have per­son­ally dealt with fear and why these attempts have proven fruitles
  • We will detail the foun­da­tion of con­fi­dent trad­ing and will explain where true trad­ing con­fi­dence comes from and how to develop it
  • Through the course of the webi­nar, we will build tools to min­i­mize the effects of fear, including:
  • Clar­i­fy­ing the dif­fer­ence between high value actions (HVAs) and fear-based actions and how to begin apply­ing HVAs to build confidence
  • Devel­op­ing your per­sonal list of HVAs to put you on the road to con­fi­dent trading
  • Learn­ing the key men­tal skills from cut­ting edge achieve­ment psy­chol­ogy, includ­ing essen­tial tech­niques to help you put your­self into ‘the zone’
  • Mind­ful­ness and mind­ful attention
  • How to decen­ter from scary thoughts and fear­ful emotions
  • How to view your thoughts, feel­ings and actions in such a way to help you make bet­ter trad­ing choices
  • Tech­niques to help to effec­tively deal with the fear­ful urges of “cut­ting & running”
  • Tech­niques to help you place your­self the way you want to trade into action, step-by-step
  • How to put men­tal flex­i­bil­ity into your trad­ing so you are not just react­ing to your emo­tions, but choos­ing how to will react based on sound trad­ing behaviors
This is a com­pre­hen­sive webi­nar based on well-researched, cut­ting edge psychology. It will give you real, prac­ti­cal meth­ods that you will find use­ful to address and over­come fear, includ­ing effec­tive ways to han­dle emer­gency sit­u­a­tions, when fear is most likely to become overwhelming.
Included is a work­book with spe­cific tech­niques for traders and exer­cises you can use as you work to over­come your trad­ing fears. This work­book has all the forms, exer­cises and spe­cial charts used in the webinar. It will be sent to all par­tic­i­pants in advance of the webinar.
Cost:  $199

“I received my Build­ing Trader Con­fi­dence (Over­come Fear) yes­ter­day– lis­tened to the whole thing. I was amazed when you used the word STUCK in the class. That is EXACTLY how I have been feel­ing– Stuck… Then you said– Stuck not Bro­ken– awe­some. It is like you were talk­ing to me per­son­ally. I hope you don’t mind me shar­ing my first day of trad­ing since I received your pro­gram–
1) I waited for my set up; took about an hour but then I actu­ally took it; did not just watch it go by and wish I had taken it (as usual). Per­fect entry.
2) SUD rat­ing: 8… but, I actu­ally pulled the trig­ger so I was proud!
3) Then with my mind rac­ing I got out at 1 tick instead of my tar­get and, of course, it went exactly where I thought it would (as usual).
This was the best trade I ever took– why?- I real­ized that because of my fear I was actu­ally HOLDING MY BREATH though the whole 45 sec­ond process, sheesh! No mind­full­ness, here. But, now I under­stand what is going on and I did not call myself an idiot or stu­pid, etc.
I have such a clear plan of where I am going now. I will stay with the same set up until I can get it to a SUD of 1–3 and actu­ally com­plete the entire trade accord­ing to my plan… and then I can go to the next phase in my plan.
In the last 4 years of trad­ing I have cried at my com­puter more than once in frus­tra­tion. Today, I cry tears of joy and have an addi­tional $6.50 in my account. Life is good”. Cindy from Ari­zona
”… I have noticed a change in my behav­ior after attend­ing your lec­ture in terms of pulling the trig­ger. I am act­ing auto­mat­i­cally and not wor­ry­ing about the result. I feel detached and very lit­tle stress. I am not sure how this hap­pened but I am happy with the result.“
“If you under­stand the dynam­ics of emo­tions which drive your actions in the mar­ket, you can put them in their proper per­spec­tive. Your webi­nar gives insight about proper per­spec­tive. I used the mate­r­ial the next day to place a major posi­tion in the mar­ket for my client accounts. I bought a share in an accu­luma­tion where news flows were neg­a­tive. The share failed to go down on extremely bad news and in fact went up mar­gin­ally. I was a bit afraid to place the trade but the facts spoke oth­er­wise so I did it any­way… I would highly rec­om­mend this webi­nar to other investors/traders because with­out under­stand­ing of emo­tions and how they affect your actions, you will be a loser no mat­ter how much your know about tech­ni­cal analysis/Wyckoff or fun­da­men­tal analy­sis.” Bill Wer­mine, Pro­fes­sional Trader and Equity Fund Man­ager, Malaysia

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