Right Focus for Successful Trading

This is a YouTube video titled "Right Focus for Successful Trading" containing a monologue by Brian McAvoy from Inside Out Trading, recorded in February 2007. In this talk, Brian discusses the mindset and focus required for traders to succeed, emphasizing the importance of personal development and emotional control over merely focusing on making money.
Hi, this is Brian McAvoy with Inside Out Trading. And I just want to take a minute to talk with you real briefly about why so many traders never really realized their dream. And actually the answer is quite simple, but I will expand on it just a little bit. If you look at the people who do well in all sorts of different endeavors like golfing or race car driving or a chosen profession, the great golfers are great. Not because they focus on their clubs and of course they pay attention to that. That's something that's important. But they achieve greatness because they focus on becoming great. A great golfer becomes a great golfer. He doesn't just focus on the golfing itself. The great trick's the same way. Great traders don't just get busy. They focus on becoming great. They focus on themselves. They focus on how they conduct themselves. They absorb themselves very closely. And a lot of people get into trading just worry about making money. I want to make some money right now. So that's what focuses. You can make a lot of the same mistakes over and over again because that's all they're focusing on, focusing on the activity itself. That can come a challenge, especially when you jump into trading and he's busy. You're not focusing on how you wink things, how you're building your efficiency. You're not focusing on becoming a trader. You're focusing on the money or the trade at hand. And when emotions pound on you, a lot of things seem obvious. At other times or you know, after the fact, when you're caught in the moment, that's difficult. And the tools to bring yourself point where even when you're middle of a trade or get ready to get in a trade and emotions start coming to be able to calm yourself down and get your focus back where it needs to be. That's where a lot of people enter the challenge is because they know how to do that. I mean, they know what's going on. They don't know how to solve the problem, how to stop what's going wrong. And that's where I focus on is first of all, try to get people focused on, well, don't worry about the money so much as getting good trading. So it's just something I wanted to share with you today. Just a brief view. I've more coming. If you'd like to find out more, come to InsideOutrading.com and pick up a free report called 7 Traits of Winning Traders. And it's seven key traits that I've identified the traders possess. It helps them consistently make money. So again, it's Brian Mac with inside out. Talk to you later. Sa.









