There’s Me, and then there’s Me

If you saw my previus post about my EURJPY trade on the 18th of Aug, you’d notice in the follow up comments that I got out of a well thought out trade, at +1 pips, then price proceeded to make a wonderful run to my final target price 100 pips away.
It obviously got me wondering, “What the hell was I thinking?!”
Then I realised, I WASN’T thinking.
No I haven’t gone bonkers, hear me out.

There’s Me, and then there’s Me.
Traders must recognise when the logical Me is making the decisions and when the emotional Me is making the decisions.
Obviously the Me in the middle of the night was the emotional Me.
Notice I said I got out because I wasn’t comfortable?
Being comfortable or not, is actually a feeling, isn’t it?
My decision to bail on a perfectly good setup was basedon a feeling. 
Since trading is mostly counter-instinctive, listening to the emotional Me wasn’t a very good idea.
So my failure this time was to recognise, plain and simple, when the emotional Me took control.

Preparing for the Trader’s Journey.

I’m sure all of you who visit my blog know the potential of trading to build your wealth, otherwise you wouldn’t be spending hours looking at the market and reading up materials online right?

Many others who have to work long hours, just can’t find the time to do their due diligence. So they turn towards trading workshops in hopes of becoming traders. It’s a logical thing to do, and in fact, I do support going for a good workshop, but only for the right reasons. Do you honestly think a short workshop is gonna turn you into a successful trader just like that?

Now, You and I both know that NO workshop is gonna turn you into a successful trader just overnight!

The Trader’s Journey is something all traders must pass before attaining any measure of success.
It is THE Rite of Passage to induct you into the Fellowship of Successful Traders!
And it’s gonna be tougher, longer and more painful than any other Rite of Passage you’ve ever had to go through in University, Hall or even anything our dear National Service can throw at you.

The best thing you can do is prepare for it well, toughen yourself up, learn to build endurance and minimise any pain.

How can you do that?
Well, going for a good workshop with the right content is one thing.
The more important factor would be for you to attend a workshop with the right objectives and frame of mind.

Consider this workshop. I think the content is right, now it’s up to you to fully utilize it.
http://www.aatcourses.com/workshops/1dayimmt.pdf
There’s one this saturday 12th Aug. It’s conducted by a very seasoned trader, Collin Seow.

The Intensive Mastermind Trader workshop provides you with EXACTLY the type of preparation you need, I’m not kidding guys, look at this.

Some of the topics covered are:
 - Position Management
This will teach you how to give your initial trading/investment capital, the endurance to last through out the entire Trader’s Journey.
 - Strategies for swing trading and opportunity trading
This will help you to minimise pain(psychologically and financially) of losses, by providing you with the best chance for higher hit rates of profitable trades.
 - Psychology Management
This is seldom covered in any other workshops by the way. It teaches you to manage your emotions to toughen you up  and take on the journey ahead.

This course will prepare you and set you in the best position to succeed as a trader!
Plus, it’s available for a very low price as well, with all the freebies thrown in, I think it’s a fantastic deal!
Some workshops advertise that the cost of of their workshop is less than a losing trade.
In this case, I do believe by signing up for this course, you’ll actually be making a profit!
Have a look at what I mean here:

http://www.aatcourses.com/workshops/1dayimmt.pdf
(Let me know if you want to sign up for it, I’ll try to get you the Early Bird rates if possible. Leave me a comment or drop me an email at ferrowolf@hotmail.com)