DEALING WITH THE EMOTIONS OF STOCK TRADING

The stock market will give traders all kinds of pressure, anxiety and stress. This happens to traders even when they are profitable. Now, imagine how intense and magnified these feeling are when a trader has lost a lot of money. The markets can really take you on an emotional roller coaster that consumes your entire being and you will need to decompress. Your mind and emotions must reset and get ready for tomorrows trading day.

Everyone has a unique personality and a different way of interacting with the markets. What effects you may not effect another trader. As a coach I try and guide you to discover the best ways to deal with all the emotions and thoughts you have during and after trading. Some of the emotions that are common are fear, hope, greed and freezing.

What is important to truly understand about these thoughts and emotions is, how it is affecting your trading performance? How do you deal with self sabotage, or negative self talk. How do you deal with missed profitable opportunities or missing the chance to exit a trade for a small lose and it turned into a huge lose.

These experiences and much more are common to all traders. The huge difference is learning how to deal and cope with it in a positive, constructive way. As your coach, we can take this on together and find the best solution for you.

DEVELOPING THE CORRECT PROCESS

There is a lot of information on the stock market and knowing where to start can be confusing. The beginning stages of your development are crucial. Stock trading requires you to learn and understand how to put your money to work. Everyone has a different perspective and view about money. For each person money, means different things. It can mean power, independence, scarcity, hope, and at times, people can view money as a bad thing. Where is this heading?

To develop the correct process, as your coach I must understand how you view, think and interact with money. How do you value money and what emotional connection do you have to it. Why is this important? This is important because stock trading requires you to put your money at risk. Stock trading is not a profession where you are guaranteed a pay check at the end of your work day, week or month. For that matter, there is no guarantee that you will ever make money trading stocks. The fact is, you could be losing money for years. Are you ready for that financially and emotionally?
Developing the correct mindset for stock trading is the biggest challenge for traders. The reason this is so difficult goes back to your expectations about stock trading. You expect to make money because you have studied the markets and acquired some knowledge. Once again, you believe because you put in the time and effort towards the markets, that the markets should now pay you in return. Unfortunately many traders find out the hard way, that the market doesn't owe you anything, no matter how many years you have invested into trying to become a profitable trader.

You cannot control what the market does and how it moves. After years of losses and blowing up a few accounts a long the way, many traders quit. Stock trading can destroy you financially, emotionally and most importantly psychologically. This is why it's extremely important to develop the correct process and mindset. It will prepare you to deal with everything you will go through. When real money is on the line, you don't know how it will affect you.