3 Part Process for Predictable Trading Profits (Part 3)

Hi there, Brian McAvoy with Inside Out Trading. And we're back for part three of the three part process for predictable profits. So three part series that I'm doing to really share with you the, the three part process that seriously, if you want predictable profits, not just profits, not just consistent profits, but you also want them to be predictable so you can look ahead over the coming months, coming quarter, coming year and have a pretty good idea how much money should be making. An actual put together like a real business plan. Imagine that. Yeah, you can, you can do it for your trading. It is very possible and you know, it's just part of being a professional trader. If you want to get paid like a professional, just decide that you're going to be a professional trader doesn't mean you have to be, you know, a 60 hour a week trader. But professional means you're going to, you know, rise to the level of skill. You're going to develop yourself to where you have the skill level and the habits and the practices, the traits, the behaviors and the skills to get paid like a professional and make real professional money. And so in this three part process for predictable profits. We've talked about the first two in other videos and make sure you go back and watch them. The links are in the description down below. But it's really important that you watch those videos because this is a progression. Certain things come in order and especially with predictable profits, I mean, you know, consistent profits, that's like the buzzword you see on every trading website, you know, yeah, we're gonna buy these sh and they'll get you those consistent profits. It's like anything and everything, those, you know, those consistent profits. But the thing is consistent profits, predictable profits, real profits like this is a real business don't happen just because somebody's putting a little sticky note on there that says consistent profits. It actually has to come from doing the right things, having the right skills and having the right knowledge tax will make it happen. And this three part process is exactly how it happens. It's how I turned my trading around almost 20 years ago. And I've been helping trade, actually trading for longer than that. I've been helping traders for almost 20 years. But anyway, this three part process really is, is how I was able to turn my trading around over 20 years ago. And for the last almost 20 years I've been helping other traders and I've been teaching everybody the same thing. It's this process that comes from an engineering background, a quality assurance background because this is how you take trading and, and you make it work and you make it work for real and in a businesslike manner. Not just, you know, having fun and it's exciting and it's this emotional ride now. Yeah, it was killer. Crush it yesterday. Oh my God, I lost my butt yesterday. And you know, forget that. This is treating it like a real business and again, being professional about it. So the three part process. And again there is a progression to this. Make sure that you do things in order. So make sure you go back and watch video 1 if you haven't watched it. And that first video is establish consistency first. You have to establish consistency first. You can't chase profits and then try to get consistent afterwards. That's what everybody does and that's why. And, and that's proof that it doesn't work because everybody's chasing profits and trying to figure out how to get consistent afterwards. It doesn't work. You have to establish consistency first. The second video is where we talk about how you dial it in for profit the right way. Not just curve fitting, not just, you know, trying to grab every opportunity, but you do it the right way. So again you have predictable profits and it there again there is a very specific three part process for this. Today we're going to look at the third part of that three part process and that is getting your mind right, getting your head right for consistent execution. Now there's tons of talk in the trading world about trading psychology. Over the years I've had lots of traders coming to me and they'll say, you know, hey Brian, you know, I gotta, you know, I've got a pretty good system. I like it, you know, I know it works. I think it's a good solid system. Man, I just can't seem to stick to it, you know, I'll make some money and I'll hand it right back. And I just, I can't seem to end of the month, in the month, you know, making money. And so, you know, some of them, there has to be something wrong with me. You know, I just, I can't seem to stay disciplined. I can't control my emotions. And so it's gotta be something wrong with me. What I need to fix is me. What I've learned in working with traders all these years is as a person, you're okay. There's not really anything wrong with you. I mean, of course, yeah, there are, you know, the occasional squirrels and screwballs. I mean, you know, in any large population you can have the outliers that, yeah, they really do have psychological issues. But by and large, most traders don't have, quote unquote, psychological issues. You know, there's no, you know, deep, deep seated mummy daddy issues. You know, my daddy said something to me when I was 5 years old and screwed me up for trading forever. No, that's not the case. Did almost all of us experience some trauma in our childhood? Of course. We were children and the things that happened were traumatic. That doesn't mean that we weren't able to get past it and become functional adults. For most traders, the biggest thing with the psychology of trading is understanding that really the biggest thing that's got you screwed up is the lack of good training when you first started trading. So those early weeks and months, for some traders, years of bad experience or bad training is your biggest psychological impediment. I know for me, my first year of trading, I didn't know what I was doing. I'm trying to learn it on my own. I had a, I was working with a broker that didn't really care, he just wanted his commissions. And so I'm flying along by the seat of my pants trying to figure this out. And it doesn't lend itself to being figured out. Trading is not something you can jump into it and figure it out. And so I'm trying to teach myself and I didn't know what I was doing. And so every day I'm basically practicing bad trading, emotional trading, angry trading, revenge trading, chasing the markets, all that kind of stuff. All the stuff that you know you're not supposed to do. That's what I was practicing all day. That was the training that I got to be a trader. And unfortunately for a lot of traders, they're getting the same training. It's like you're not getting good training, you're getting bad training, not even lack of training, it's bad training. And so from a psychological standpoint, you know, what happened in those early weeks and months is you had all kinds of horrible, you know, habits, established emotional reactions, associations, triggers, all kinds of stuff getting wired into your head that it is working against you psychologically from being able to perform well and, you know, make good decisions, use good judgment in your trading and, and act when you need to. All that stuff that was going on in those early weeks and months was doing tons of damage to you psychologically. It's not that there's anything wrong with you as a person or from outside of trading or, you know, something you heard in church or school when you were growing up. Now it's not about, you know, you got issues with Money or success or any of that kind of stuff. No, you're fine in those regards. It's all the crap that happened after you started trading with real money, the damage that was done there because you didn't have somebody you were working with, a mentor who was showing you the right way to become a trader, the right way to trade, the right way to deal with this, the right way to develop the skills and the beliefs and the habits and the perspectives that you need to be a successful trader. You didn't have that. What you had was a bunch of experience, lacking those things. And that bad experience is what's created all the issues for you now. I mean, if you think about it outside of trading, you're probably fine. You know, you can deal with life without an issue. You go to your job and your job is probably more sophisticated than trading and you handle that just fine. You know, you're not on this big emotional ride. No. And so trading really is no different. When you're properly trained, you're properly equipped. When you've, when you've had somebody walk you through the right process, it's not a big psychological battle. You just go do your thing because now you know what you're doing, you've had. And the thing is, when I work with people and coaching and people take my course, you learn how to undo that damage and, and really get your head wired right for consistent execution where it's comfortable and it's more difficult than doing, you know, any other job that you've got. I mean, I got a lot of people coming. You know, they're project managers, they're engineers, they're working in real estate, they're running businesses. And what though those occupations are way more sophisticated and way more challenging than trading is from a complexity and difficulty standpoint. So it's, again, it's not that you lack anything personally. It's the bad experience that you've had as a trader that really is what's screwing you up. And so what, what needs to happen is we need to give you a different experience with your train, with your trading and, you know, rewire your head the right way so that the consistent execution, your emotions just aren't being triggered and interfering with you because you've got a handle on this. You're calm, you're at peace, you're operating from knowing and confidence and just again, a peace of mind that you, you know, you got a handle on it. You know, your system solid. You know, you're solid trading it. You're not afraid of the Markets, you're not, you don't have all your hopes riding on every trade and all that kind of stuff. They're just not getting stirred up the way they do now and have been because you've been able, we've been able to rewire your head so that things will function again just like any other job. And that's cool. And it works when you can do this. So again, it's very simple, three part process to make this happen. As far as, you know, predictable profits. First thing we got to do, establish consistency. Then we'll dial it in for profit. And then the third part is, yeah, rewiring your head for consistent execution, undoing the damage that's taking place and again, getting you wired the right way so that the consistent execution, it's easy and it comes very naturally. Your emotions are still there, they're just not flaring up and interfering with you. Cool. That's how it's supposed to work. When you do it right, that's how it does work. That's the best thing about it. I got to have this experience of, you know, going from the emotional train wreck, trading and, you know, making money, losing money and just, it's this huge emotional roller coaster. I was able to turn things around because I figured out this process and I've been teaching it to people for almost 20 years. And it's amazing because as. And it's totally gratifying because I got people coming to me, their confidence is in a toilet. They're like, you know, one or a two on a scale of 10 and they're just feeling like crap about themselves and questioning themselves. And it's like, no, you're okay, seriously, you're not screwed up. You just haven't had the right help. And when I show them this, and here's the best thing about it, if it's not psychological issues, if it's just really something about skills and training and the right knowledge, that's something we can address in pretty short order. I mean like 30 to 60 days. I mean, 60 days, pretty comfortable window. And you can go from, you know, the, the 1 or 2 on a confidence scale to an 8 or a 9 or a 10. Because now you've got a handle on it. We've undone the damage we got. We're taking you through this progression. We got your head rewired and so now, yes, you can trade with confidence again. You got a system that, you know, that works, you know, you're good trading it and you can go to the markets every day knowing that you're okay. You're not anxious, you're not fearful. You're not, you know, got that emotional roller coaster going on. Everything's calmed down. It's not like, you know, we're going to learn some trick to, you know, or hack to, you know, you know, turn off your emotions or get them under firm control. It's like, no, we'll just calm them down because now they're not being triggered. They're still there. They're part of you. You can't turn them off. So this is the best way to deal with it, is, you know, get things right so that everything settle down and everything's working the way it should. So anyway, I hope this has been helpful. If you'd like to experience more of this, learn more about this, or you just want to talk to somebody who understands what you're going through, swing by Inside Out Trading.com, book a call with me. We'll talk about your trading and your best path forward, you know, to get past the things that are holding you back now. And if I'm the person to help you out, cool. If there's somebody else that would be better to help out, cool. I'd be more than happy to point you in the right direction. I'm not worried about it. If go get help from somebody else besides me, I'm okay with that. I just want to help you get your trading working. Because when it works right, man, trading is wonderful. It's a great aspect, a great, you know, contributor to the quality of your life and those around you. And when it doesn't, man, it, it, it's a big takeaway. And I really want to help you get past the takeaway part. Gets trading where, yeah, you know, yes, you're making predictable profits and trading is a great addition to your life. That's where I want to get you. So if you enjoyed this video, share it with your friends. You know, if you got friends who trade, share it with them. You know, if you like them, you want them to do better. If you don't want, you know, if you're a super competitive, you want to stay ahead of them, don't share it with them. But I think, you know, you're probably the kind of person, you do want to help your friends. So share with your friends. Subscribe to my channel and you know, again, swing by Inside out trading dot com. I got some free resources for you there. Also, if you want to book a call, like you want to talk to somebody who understands what you're dealing with and you know can help you sort things out, move forward. Just go and book a call with me and I will be talking to you soon. Cheers.