Brian McAboy from Inside Out Trading explains what separates average traders from great ones, covering the skills and mindset needed to succeed. He introduces the Trading Pit Club, a six-month program designed to help traders achieve consistent profitability and emotional control.
You. Hi, Brian McAvoy with Inside Out Trading here. And today I just got a real simple question for you. You'll like this topic today. The subtle distinction makes a big difference in trading. And here's the question. Do you want to be a trader or do you want to become a great trader? And here's the subtle distinction. Anybody can become a trader. All you really need to do if you got a few thousand bucks, open an account, fund it, start trading and voila, you're a trader. Now the thing is you didn't get into trading to lose money or add stress to your life or strain your relationships or grow more gray hair. I imagine you probably had something different in mind. You probably had notions of having financial security and freedom trading offers, being able to quit your job and be your own boss, not having to answer to anybody else in their schedule. Again, time, freedom and just plain enjoying a nice living. Trading does offer that. Now the reason I bring all this up is the average trader does not make money. The average trader is losing money. The failure rate in trading is very real. It is 90 to 95%. The average trader if to you want look at the median or even those in the bottom 75%, they're not making money. They're certainly not making a lot. Most traders, average traders are not making the six figure seven figure income that's going to give you the life that you want. So the reason I'm bringing all this up is just to illustrate a point. Most people get into trading to make some money and that's the whole thing. They're looking at it make money versus those few who do enjoy what trading has to offer. The 10% that are enjoying the six seven figure incomes from trading, there was a subtle distinction. Hey, this has the potential and I'm going to become great at it. I'm not going to be average, I'm not going to be just a little above average. I want to get great at it because this has the potential to give me the life that I want. And it's in becoming that great trader that makes the difference. Now the thing is most people prior to trading have nothing to really relate the experience to. Trading is a unique beast, it really is. You've started your own business here and it's a business in a tough industry and it's a self employed business. See, here's the thing, I'm sure you've heard that treat your trading as a business. For most people that start trading, they've never started their own business. They've never run a business. So as far as treating it like a business, they don't have any experience they can relate to and fall back on to make that happen here. Even if you have started your own business, trading is very unique and presents very unique challenges. But my point in all this is in becoming a great trader and running a profitable trading operation, a trading business, there are various roles that are part of that and there are a whole bunch of skills beyond just opening an account, funding it, grabbing a system and following the system. There's a whole lot more to it than that. If you want a business that's going to provide a reliable and predictable income, I mean, no businesses can predict their income 100%. There's always a little bit of variability. But the better your business is refined and organized as a business, then the better the predictability that comes to it and the reliability. That's the main thing is, yes, when you get your business in order to, then you'll know that you can count on so much from it and you can look ahead. That's the real big thing. Anyway, if you want to become a great trader, then you need some help with the knowledge that goes with that, the various roles, the skills that are part of that. To help you with that, I've put together the Trading Pit Club which is a skills based, knowledge based training. It's a six month training. It's 26 weekly lessons that cover such areas as objectives, doing assessments, looking at skills, system analysis and optimization, best practices, and then of course, wrapping it all up with business planning. So you have a detailed roadmap going ahead, you have a good feel for what's coming and you know how to move forward with things. Now there are two side benefits to the training which are huge. Not only will it help you become a great trader and good owner of your business, you'll be able to take what you learn here and apply it to any new endeavor that you might want to get into. Plus, as you expand your knowledge base and develop the skills, you'll find that a lot of the emotional challenges that are haunting you now will just go away. Because you'll be doing the right things, you'll know what to do, you'll have the skill set and the knowledge base to deal with all of them. And they'll be in place so that the emotions just plainly don't come into play. And should something flare up, you'll know what to do about it. And that's really a couple of the huge side benefits of the training. So anyway, if you want to find out more. Swing by insideouttrading.com pip great HTML. The link is down here at the bottom of the screen. Anyway, don't settle for average. Decide right now that you're going to become a great trader and realize your potential as a trader. And realize the life change that trading does present if you'll simply make that subtle distinction that you're going to become great at it. You've heard the saying, anything worth doing is doing well when it comes to making money. That's so true. So anyway, I'd love to help you out with it. If you've got one hour a week, I'll show you how to become a great trader step by step. Swing by Inside Out Trading this is Brian McAvoy. Cheers.
