What The Market's REALLY Telling You [June Newsletter]

Ever notice how much easier it is to use that exercise machine when it's right in front of the TV, rather than stuffed under the bed?

That's the magic of convenience, and it's a game-changer for forming habits.

This month, learn about how this can boost your trading results, why your brain’s sneaky tricks can trip you up, and how creativity can make a top trader even better.

Plus, I’ll show you what the markets are really telling you. Every little tweak can lead to big improvements in your trading game... so keep reading…

One of the truths about habit formation is that things must be convenient to do.

If you have that exercise machine already set up in front of the TV, I’ll bet you that you’re more likely to use it, in comparison to if it was stored under your bed. The fact that it’s already set up means you’ll be more likely to use it.

Have a think about how you can make your trading process more streamlined and convenient. If your desk is messy, so you can’t spread yourself out… or if you haven’t got a convenient icon set up on your computer desktop so you’ve got to do 3 button clicks to find it, or if you have to hunt around for your log on password, you’ll be less likely to trade with clarity.

You may have heard the saying 'Trade what you see, not what you think you see.' However, traders are notoriously bad at being objective.

Ever wonder why some of us struggle to make consistent gains in the market?

Well, it turns out our brains are playing some sneaky games with us, and it's time we expose them.

Seeing is Believing

First up, our brain's default setting is to trust our own eyes. We see a stock chart, and bam, we think it's gospel truth. But that's where we can go wrong. Sometimes our eyes deceive us, and we make trades based on false assumptions.

Emotions: Our Best Friends and Worst Enemies

Emotions are like that mate who can be awesome at times but also gets us into trouble. We get emotionally attached to our trading narratives. We want to be right, so we ignore signs that we might be wrong. That's our ego talking, folks.

The Echo Chamber Effect

Ever notice how we keep hearing the same stuff over and over again in the trading world? It's not a coincidence. Our brains love repetition. If we hear the same trading idea repeatedly, we're more likely to believe it, even if it's total baloney.

The Conspiracy Conundrum

Let's talk about conspiracy theories. Once we fall for a little fib due to our biases, we become prime targets for big, juicy conspiracy theories. They sound convincing, but they can lead us down a rabbit hole of bad trades and financial woes.

What Fuels Our Conspiracy Love?

When it comes to believing in those wild market conspiracies, often traders blame it on these factors:

• It's All or Nothing: We love big explanations for big market moves, even if they're far-fetched.
• Blame Game: If something goes wrong, we tend to blame invisible culprits, like market manipulators, instead of accepting the randomness of the market.
• Pattern Junkies: Our brains crave patterns, so we start connecting dots that aren't even there, creating intricate conspiracy tales.

So, what's the takeaway for traders? Be aware of these mental tricks.

Stay objective and stick to the facts. The road to successful trading might be bumpy, but knowing your brain's quirks can help you navigate it a little smoother.

Louise says:

"My book - Investing Psychology Secrets is finally available.

I'm so excited!

Two years in the making - the culmination of hundreds of hours of work...

The quickest and easiest way to influence your investing mindset is to get my new book –Investing Psychology Secrets.

This bench press for your brain gives you six golden keys to help you develop your psychological fitness for investing and trading.

I’ll unlock the secrets to lasting returns in the financial markets.

Grab your copy today, and you’ll get my special, extraordinary introductory special.

Read more - as I'm giving you $518 in value for just $32.95 + postage!

I'm so excited about what this can mean for your trading future."

Creativity in trading is something that few people understand.

Before you have written your trading plan, you can be wildly creative, testing out your ideas and back testing even the most whacky concepts. Innovate to create your rules.

Once you’ve written your trading plan, commit to it for a minimum of 20 trades.

Then, quit experimenting. Quit being creative. Your job from that stage on is to adhere to the rules you have laid out, almost like you're a robot. Follow, don't innovate.

Once you’ve done your first 20 trades, you can examine your results, and then be creative again, working out what rules work and which ones you need to scrap.

Examine your results, innovate, then re-write your rules. Then, for the next 20 trades - you’re back to: Follow your rules, don’t innovate.

Setting periodic review sessions based on a set number of trades, or as a prompt in your calendar, will see you behaving like a professional which is the only way to consistently excel in the markets.

We're powering ahead with a top list of guests and fascinating subjects on Talking Trading this year!

Make sure you are subscribed to get the best in mindset maintenance and keeping up with the latest market moves. The podcast will fuel your cashflow, squash your fears and drive you towards exceptional trading habits.

Get onto Talking Trading at talkingtrading.com.au

Below are two recent episodes...

Breaking Chains, Building Wealth

Dive into a powerful conversation with Clay Hodges, to uncover the mindset shifts and resilience that led Clay to secure seven figures in funding and coach hundreds to market triumphs.

Read more

Clash of the Traders

Get ready for the ultimate trading showdown as Rob Roy and Louise Bedford step into the ring to spar over ideas and strategies.

Read more

Have you checked your macro lately? (You know... the method that tells you whether you should be trading, or whether you should be standing aside?) This is what mine is telling me currently:

P.S. Successful trading takes time and patience. Keep those emotions flying in formation, trust the data, and you'll be on your way to financial serenity.

Photo by Bret Kavanaugh on Unsplash

Photo by Muhammad Raufan Yusup on Unsplash

Photo by Sushil Ghimire on Unsplash

Photo by Adam Nowakowski on Unsplash