Trading Psychology: How Winning Traders Deal w Self-Management

You know, how one of the great things about trading is that it's just you and the markets, you know, from, from a business perspective, you know, you don't have, you don't have vendors or employees or customers worry about. It's just, you know, from a business perspective it's just you in the markets, which is great. But at the same time, you know, you've got the isolation of it and the self management of trading is really one of the biggest challenges. I'm sure you know what I'm talking about. I mean it just the fact that it is just you in the markets and you know, keeping yourself on track, knowing what to do, what to focus on, how to deal with problems, how to deal with, you know, changes in the market behavior, all that kind of stuff and doing it all by yourself, you know. Yeah, that's one of the things that really makes trading a challenge is the self management aspect of it. And while that on top of, you know, for the most part you have to train yourself because most of the training out there sucks. It's just, you know, how to use a method. It's not really how to be a trader and you know, run a trading business and manage yourself. Now this is a challenge that a lot of business owners deal with as well because yeah, they're up at the top. It's kind of like being the oldest in your family, you know, the oldest generation in your family, you don't have parents to go talk to. And so that's why a lot of business owners and executives will hire business coaches, executive coaches to help them deal with the challenges of this role. And for traders, unfortunately, you know, most traders never seek it out, they just kind of wrestle with it on their own. And what sucks is yeah, it's tough, it's not easy, especially dealing with the challenges of markets and the emotional challenges in the day to day performance of it, let alone managing and running the business. But if you look at most any performance activity and sports is a great one to look at, even champions. Michael Jordan, he had a coach. Even when he was at legendary status, he still had a coach, somebody to provide him the outside perspective to let him know, yeah, you know, hey, you need to work on this. Hey, you know, this is a little bit off. Hey, you know, this is, you're doing well, do more of it. Hey, you know, practice this over here. Now see winners seek out the help. They don't just go alone and say, you know, hey, I'm a one man show, you know, it's just me, you Know, there's plenty of movies with that storyline and it never works out well. Everybody needs help. Now for business owners, you know, hiring a business coach can be a tremendous help and also tremendously valuable. One guy I've been working with for several years, we've had a number of conversations that were worth six figures in his business. And he, whenever he's got something going on, if it's a significant decision, you know, before he goes and jumps into it, he'll come and talk to me just to bounce the idea off of me or to help me, you know, sort, you know, think it through and get it sorted out. And it's really excellent because like I said, we've had a number of conversations that a single conversation was worth six figures. That's what kind of an impact a good coach can have for you. Now I do the same thing for traders. Now with traders it's a little bit different because with traders, you know, the accountability is a big deal. You need somebody to really help you stay in check because again, being totally alone, unlike a business owner where you probably have employees, you have your customers, you have the other people to deal with. For traders, again, it's just you in the markets and the markets aren't going to tell you squat except whoops, hey, screwed up again, I'll take your money. No, that's, that's how the markets teach and that's the hard way to do it. But when you have a business coach for, you know, for your trading, again, the accountability, the outside perspectives to help you, you know, helping you deal with stuff as it comes up, the personal challenges, the business challenges, so to speak, with trading, you know, dealing with the markets, looking at all that kind of stuff, it's just so excellent to have somebody in your corner that you can go talk to that knows this game and can help you be successful at it and understands what you're dealing with, you know, friends, spouses, yeah, they're great and they love you and you know, they want the best for you but they don't know necessarily what you're dealing with and how to attend to it, you know, when something does come up. So, you know, if the self management of training has been a challenge for you and maybe you're just tired of the isolation and not having anybody to talk to that understands what you're dealing with, I mean truly understands. Well, book a call with me and let's talk and see if it might be appropriate for you. Because seriously, the self management of trading, it can be so tough and it can be so taxing. And especially if you've kind of gotten off a little bit of a wreck getting back on track, it's really tough to do alone. And if you have been struggling a little bit, I would love to help you get things back on track and keep them on track because you know how great trading can be. It offers a wonderful lifestyle when it works and a lot of benefits. And when it doesn't, it can really, it can really suck. So again, I'd love, you know, I'd love to help you out. Book a call with me if you'd like to talk about it, you know, see if it makes sense for you. It's also a very affordable way to work with your trading because as a coach, you know, it doesn't have to be, you know, like a $10,000 weekend out on, you know, a three day boot camp, that kind of stuff. It's an ongoing support at a very financially sensible manner. So anyway, book a call with me. Let's talk. Maybe it makes sense, maybe it doesn't. But you won't find out unless you, unless we have the conversation. So give me a call. Hope this helps. Talk to you soon. Cheers. So do you sometimes struggle with inconsistent results from your trading? You know, a little too much variability in what you're getting as far as, you know, winners and losers. If you'd like some help with your consistency, that's my area of expertise. I used to be a quality assurance manager and quality is all about getting consistent results, predictable, reliable results. So if you'd like my help with your trading, swing by insideouttrading.com schedule a call with me, we'll get on, we'll talk about your situation, see if I can help you improve the consistency of your trading results. Talk to you soon.