Join Jeffrey for a semi-casual but SUPER Interesting presentation on Trading Psychology 101. This is one of the best videos you will ever see on how to Control Risk in trading and guarantees you don’t fall victim to wiping out your futures trading account. Analogy after analogy will help you truly understand how to get your trading account moving in the right direction.
(don’t skip ahead – the first 18 minutes sets the stage for the entire presentation)
Money management is crucial to your success in the highly-leveraged Futures market.
In this video you will learn how to eliminate fear in trading by adopting a completely new mental approach.
Take time to watch this whole video and learn an entirely new money-management strategy that will change the way you manage risk in your Futures trading account.
Here are some highlights of what you will learn in this video:
1) Futures Trading is a process that wins over the series
We trade gradually and exploit opportunities – and profit over the longer-run series as an end result. If you’re following a good trading system and employing proper money-management you will naturally put the odds in your favor. If you stop trading your system when you hit a rough patch – you can never work through the series to go on to be profitable.
2) Conquering the Fear of Losses in your trading account.
When you take beginning trading losses to your original starting capital – you will experience Fear and become “gun-shy” about taking the next trade because you will see your trading account shrinking. Experiencing a drawdown of your original capital is demoralizing and has a negative effect on your mindset. This can lead to “calling it quits” before you have worked through the steps and the learning curve required to go on to be a successful, profitable trader.
3) The effects of drawdowns in your account.
Drawdowns in your account are an inevitable part of trading – it’s simply the nature of the business. However there’s a big difference between experiencing a drawdown when you first start trading as opposed to hitting a rough patch after you’ve already built up risk-capital and are simply experiencing a drawdown on your profits.
3) How to Protect Your Original Starting Capital.
This is the key to our money-management strategy. Watch the whole video to see why this strategy works and why it makes so much sense. You’ve never seen this approach to money-management anywhere – and it could literally change the way you approach managing your trading account forever. It will definitely go a long way towards helping you with successful risk management.