Trading Coach Brian McAboy sees it time and time again… traders are totally unprepared for the job. Hear the systematic magic he recommends for traders and Louise Bedford looks at the difference between passion and purpose and why it matters to reach your trading goals.
Louise Bedford Mindpower
Here is some fascinating research by Moreton Hanson who conducted a study on more than 5000 people to discern the difference between the passion and purpose.
Not surprisingly people without passion OR purpose were low-income earners. But those with high PURPOSE outshone them all with a major jump in performance.
Which means if you know your trading ‘WHY’ it means you are more likely to persist.
Brain’s first year of trading he started off on huge winning streak.
But it didn’t take long for self-sabotage to kick in and soon he ran his account down to nearly zero.
He had to take a break or he knew he would be dead… and he decided to learn a few things about trading.
Firstly many traders underestimate how hard trading is and the enormous beating it can give.
And most traders are totally unprepared for their job!
People who jump into trading are usually above average intelligence but they have never traded before and they don’t bring the skill set needed to be successful in the markets … and they wonder why they are struggling.
If your system is well defined and you know how it works then you are well on your way to success in trading.
To find out more about Brian McAboy go to: www.insideouttrading.com
And to pick up his special report The Secrets of Trading Legend go to: www.insideouttrading.com/talk