Trading truly is 90% psychological. It's one of those sayings that gets thrown around the trading world quite often, and I'm a firm believer that trading truly is 90% psychological. Yet when I look around the internet and talk to other newer traders about education they receive, virtually everyone is trying to sell or offer some sort of trading system or indicator that is like a robot and just pulls money out of the market. Years ago I, too, got sucked into what these people were selling and lets just keep things rated PG and say these people are full of it.

So I set out in search of some other method and luckily came across price action. Price action in and of itself is highly psychological, so I thought it might be more in touch with being an actual method that works. I soon learned this was in fact the case and price action does work because it addresses the psychological aspects of the markets and explains what happens, when it happens, and most importantly for me why it happens.

This was one of my biggest focuses when I put together the Price Action Trading Course. I wanted to not only explain to people what happens and when it happens, but also explain why it happens so they could take these lessons from the course and apply them to the real world of trading. While the course does cover all the technical aspects of price action trading and explains how the markets work, I believe the course is about 90% psychological in the way that things are actually explained.

So that leads to the main point of this post: Are you holding yourself back from trading success? If trading is 90% psychological, then the main thing we need to have in good shape in order to be successful is our mindset and approach to the markets. Yet virtually every trader I talk to who has taken another course, bought a fancy indicator, or got sucked into a get rich quick scheme talks about the technical aspects of the markets and learns something about the technicals of the markets when I can clearly see the real problem with their trading lies within their mind.

Here's a simple test to see if your problems are psychological or technical in your trading: Ask yourself the following questions:
-Have you been in a trade that you exit for seemingly no reason?
-Have you not entered into a trade because you convinced yourself that something just didn't look right even thought you don't know what that something is?
-Have you sat there and known you should have entered a trade but you watched it fly right past you without pulling the trigger?
-Do you cut good trades short or let losing trades run too far?

If the answer is yes to any of these questions, chances are you have a psychological problem with your trading. While there isn't a widespread cure to these types of trading problems, I have identified an excellent starting point and for many traders a cure: The Price Action Trading Course. If there was a short and simple cure or solution to this problem that I could write in a blog post I would certainly do it, but the reality is you need to have your mind "firing on all cylinders" and in the right mindset on all levels: technical, psychological, emotional, analytical. If one of these aspects is missing for your mind, then your trading psychology is completely out of wack and you end up making poor decisions which starts the snowball effect of causing your psychology to become more and more damaged. The best thing to do is try to stop things before they become too series or too damaged.

If you have questions about your trading psychology, Brendan can be contacted directly be email by clicking here or by phone at 888-612-6123.