Traders do a lot of planning for their trading. They set goals. And they really examine what went right and wrong over the past time periods and make corrections to their trading system so that they can achieve their goals to win in trading. Then they apply the same kind of planning to their trading psychology. The problem is that trading psychology does not work by the same rules. It is not about thinking through...

In this webinar, Mike will discuss the concept of the 5-trade rule, a framework designed to instill discipline and resilience in your trading approach. Discover how to navigate the unpredictability of financial markets with confidence and composure. Moreover, Mike explore the effectiveness of using rating scales to transition your mindset towards embracing probability thinking, to make informed decisions. ...

Join us as we delve into the world of financial markets through the eyes of experienced traders. Through a candid discussion, Mike and Aiman will share their invaluable insights, strategies, and hard-earned wisdom gleaned from years of navigating the complexities of trading. Discover the highs and lows of their journeys, the lessons learned from triumphs and setbacks, and gain a deeper understanding of the mindset and practices that contribute to their enduring success. Whether you're...

Many traders have an innate flaw in the way they solve problems like fear, tilt, low confidence, etc. – they don’t look deep enough. To truly correct your costly mental game problems you must uncover the real cause. We do this in other areas of life – if you have pain while walking you become curious about what’s causing it. You don’t see pain as the problem, pain is the signal alerting us to analyze...

According to my research on Left Brain / Right Brain dynamics, discipline is elusive for about 2/3 of day traders… the Right Brainers. I know this from coaching, but also from personal experience.  If you’re Right Brain Dominant, you’re always trying to be more disciplined, and you can sustain it for a while, but in the end, something almost always goes wrong, and you revert to improvisational habits. Suddenly, in the heat of battle, you’re...

What happens to your trading mind when you get in a trade? Before that moment, you planned your trade logically. And now you are ready to trade your plan. It seems so simple and doable that, yes, “even a Caveman could do it”. Then you get in. Suddenly, logic flies out the door and emotions erupt. And your emotional Caveman Brain ambushes the rational trader who was going to trade his plan. After the fog...

Perfectionism and High Expectations are a common and complex problem. On the one hand they're a big motivator to achieve impressive and sometimes big goals, but they can also damage confidence in unexpected ways, leaving you at risk of big ups/downs in your performance. If you obsess over mistakes, hate losing, are overly self-critical, feel like nothing is ever good enough, and put intense pressure on yourself this seminar is exactly what you need to...

In our previous webinar, Dr. Reid delved into the essential mental processes crucial for effective trading, as outlined by Daniel Kahnemann—System 1 (Fast) and System 2 (Slow). In this webinar, Dr. Reid with shift focus to another dichotomy within the brain—the Bilateral (left-right) System. The Left Side predominantly handles processing of Facts, Numbers, and Familiar information, organizing them methodically according to established Rules. It embodies traits of logic, analysis, sequence, and deliberation. Conversely, the Right...

Join Mike as he explores a 6-12 month action plan designed to transform your outcome-oriented mindset into a process-oriented approach capable of navigating the uncertainties of trading. While mastering a trading strategy may seem straightforward in a risk-free environment, the introduction of real money often disrupts our ability to execute that strategy seamlessly. Our life experiences influence our thought processes during trades, and achieving success requires a recalibration of our mindset towards thinking in probabilities...

We all want to win and hate losing.  It is a powerful bias built into the core of the mind you bring to trading.  And in other areas of your life, it has served you well.  Then came trading.  Your beliefs about winning, and not losing, are put to the test.  Resisting a loss becomes the barrier to becoming a winning trader.  By trying not to lose, your loss is even larger.  Just look at...