Play the podcast:
Perhaps first start by asking yourself this question. “What does poor performance look like ?”
Invariably it could look like this
-
Mindset geared to coping with challenges rather than being wired to look for opportunities.
-
Trading other people’s strategies.
-
Entering a trade late or not at all.
-
.Turning off a stop to double up.
-
Not knowing Why you trade.
-
Not defining your trading day.
-
Stressed decision-making, overtrading, and boredom trading.
-
Lack of self-belief and habit to dwell on missed opportunities.
-
Being driven by the need for riches and desperation to make money.
-
No attention to process if one even exists.
-
Screen stare.
-
Low awareness of the bigger picture and peripheral risks.
-
Low self-worth and self-doubt.
-
Not having the mental agility to say ‘I’m wrong’ and move on.
-
No rigid programme of self-management.
-
No rigid programme to develop your mental capital.
-
No life balance.
-
A sense of being siloed and stuck in a rut.
We know how bad ‘poor’ performance feels, it can drag us down, make us ill and switch us off from the market and our family. It severely lessons the chance of making alpha.
In this Podcast, Steven Goldstein and Mark Randall dive into the methodology around driving peak trading performance, and in particular how AlphaMind can help traders find their edge.
In particular the AlphaMind Trader Peak Performance Programme. A programme to unlock the power of your mind to perform and trade at the edge of your potential. . A programme that helps you to:-
-
Awaken a deep inner self that operates at an optimal level of elite performance.
-
Training you to switch off the disruptive negative triggers and engage with the smartest piece of trading technology you have access to… Your Mind.
-
Giving you a mental and practical toolkit to put structure and rigidity into key trade processes.
-
Increase your markets composure and resilience to take shock and release from shock and possible catastrophe.
-
Awaken and broaden your market awareness to identify alpha opportunities.
-
Getting closure on tough trading days to be able to release to rest.
-
Meta-powering your day with powerful micro-breaks that build powerful mental muscle.
-
Develop the ability to create a ‘Deep Now’ and unlock potent potential to trade with Calmness, Clarity, and Control.
-
Proactively managing process-killing distractions.
-
Understand your stress response and learn how to pro-actively control it.
-
Building a natural state to ‘feel’ opportunity and create improved strategies.
-
Seek your true purpose and translate that into defining your trader rhythm.
AlphaMind do not offer trading or investment advice and do not take responsibility for any investment or trading actions or decisions taken by clients or any observers of our material in any form of media, either now or in future.
Editors’ Picks
AUD/USD meets initial resistance around 0.7100
A decent rebound in the US Dollar is behind the AUD/USD’s daily pullback on Tuesday. In fact, the pair comes under modest downside pressure soon after hitting fresh yearly peaks in levels just shy of 0.7100 the figure on Monday. Moving forward, investors are expected to closely follow the release of Chinese inflation data on Wednesday.
EUR/USD looks offered below 1.1900
EUR/USD keeps its bearish tone unchanged ahead of the opening bell in Asia, returning to the sub-1.1900 region following a firmer tone in the US Dollar. Indeed, the pair reverses two consecutive daily gains amid steady caution ahead of Wednesday’s key US Nonfarm Payrolls release.
Gold the battle of wills continues with bulls not ready to give up
Gold remains on the defensive and approaches the key $5,000 region per troy ounce on Tuesday, giving back part of its recent two day. The precious metal’s pullback unfolds against a firmer tone in the US Dollar, declining US Treasury yields and steady caution ahead of upcoming key US data releases.
Bitcoin's downtrend caused by ETF redemptions and AI rotation: Wintermute
Bitcoin's (BTC) fall from grace since the October 10 leverage flush has been spearheaded by sustained ETF outflows and a rotation into the AI narrative, according to Wintermute.
Dollar drops and stocks rally: The week of reckoning for US economic data
Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.
RECOMMENDED LESSONS
Making money in forex is easy if you know how the bankers trade!
I’m often mystified in my educational forex articles why so many traders struggle to make consistent money out of forex trading. The answer has more to do with what they don’t know than what they do know. After working in investment banks for 20 years many of which were as a Chief trader its second knowledge how to extract cash out of the market.
5 Forex News Events You Need To Know
In the fast moving world of currency markets where huge moves can seemingly come from nowhere, it is extremely important for new traders to learn about the various economic indicators and forex news events and releases that shape the markets. Indeed, quickly getting a handle on which data to look out for, what it means, and how to trade it can see new traders quickly become far more profitable and sets up the road to long term success.
Top 10 Chart Patterns Every Trader Should Know
Chart patterns are one of the most effective trading tools for a trader. They are pure price-action, and form on the basis of underlying buying and selling pressure. Chart patterns have a proven track-record, and traders use them to identify continuation or reversal signals, to open positions and identify price targets.
7 Ways to Avoid Forex Scams
The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?
What Are the 10 Fatal Mistakes Traders Make
Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.
The challenge: Timing the market and trader psychology
Successful trading often comes down to timing – entering and exiting trades at the right moments. Yet timing the market is notoriously difficult, largely because human psychology can derail even the best plans. Two powerful emotions in particular – fear and greed – tend to drive trading decisions off course.