Play the podcast:
Perhaps first start by asking yourself this question. “What does poor performance look like ?”
Invariably it could look like this
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Mindset geared to coping with challenges rather than being wired to look for opportunities.
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Trading other people’s strategies.
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Entering a trade late or not at all.
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.Turning off a stop to double up.
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Not knowing Why you trade.
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Not defining your trading day.
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Stressed decision-making, overtrading, and boredom trading.
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Lack of self-belief and habit to dwell on missed opportunities.
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Being driven by the need for riches and desperation to make money.
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No attention to process if one even exists.
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Screen stare.
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Low awareness of the bigger picture and peripheral risks.
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Low self-worth and self-doubt.
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Not having the mental agility to say ‘I’m wrong’ and move on.
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No rigid programme of self-management.
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No rigid programme to develop your mental capital.
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No life balance.
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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:-
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Awaken a deep inner self that operates at an optimal level of elite performance.
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Training you to switch off the disruptive negative triggers and engage with the smartest piece of trading technology you have access to… Your Mind.
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Giving you a mental and practical toolkit to put structure and rigidity into key trade processes.
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Increase your markets composure and resilience to take shock and release from shock and possible catastrophe.
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Awaken and broaden your market awareness to identify alpha opportunities.
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Getting closure on tough trading days to be able to release to rest.
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Meta-powering your day with powerful micro-breaks that build powerful mental muscle.
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Develop the ability to create a ‘Deep Now’ and unlock potent potential to trade with Calmness, Clarity, and Control.
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Proactively managing process-killing distractions.
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Understand your stress response and learn how to pro-actively control it.
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Building a natural state to ‘feel’ opportunity and create improved strategies.
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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 hits fresh three-year highs above 0.7100 on hawkish RBA-speak
AUD/USD has refreshed three-year highs to regain 0.7100 and beyond in Wednesday's Asian trading. The pair remains undeterred by the mixed Chinese inflation data for January, which showed the growth in the Consumer Price Index slowing more than expected, while the Producer Price Index beat estimates. RBA official Hauser's hawkish commentary provides an extra boost to Aussie bulls.
USD/JPY extends three-day rout below 154.00, NFP eyed
USD/JPY is extending its three-day rout below 154.00 in the Asian session on Wednesday, awaiting the release of the closely-watched US NFP report. In the meantime, rising bets on Fed rate cuts keep the US Dollar depressed. In contrast, expectations that PM Takaichi's policies will boost the economy and allow the BoJ to stick to its hawkish stance underpin the Japanese Yen, weighing on the pair amid intervention fears.
Gold awaits US Nonfarm Payrolls data for a sustained upside
Gold remains capped below $5,100 early Wednesday, gathering pace for the US labor data. The US Dollar licks its wounds amid persistent Japanese Yen strength and potential downside risks to the US jobs report. Gold holds above $5,000 amid bullish daily RSI, with eyes on 61.8% Fibo resistance at $5,141.
Bitcoin, Ethereum and Ripple show no sign of recovery
Bitcoin, Ethereum, and Ripple show signs of cautious stabilization on Wednesday after failing to close above their key resistance levels earlier this week. BTC trades below $69,000, while ETH and XRP also encountered rejection near major resistance levels. With no immediate bullish catalyst, the top three cryptocurrencies continue to show no clear signs of a sustained recovery.
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.
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