Futures Trading Secrets Lesson

It's hard to keep from writing you a book on each day's topic.

If you'll diligently follow these Lessons you'll become successful faster than I did because you won't have to figure it all out by trial and error.

Take advantage of the experience I pass on to you in these Lessons.

Most people who have traded for any period of time develop a major problem which becomes like an anchor on their ability to progress and improve.

The losses they took while learning to trade morph into huge mental handicaps to their future success.

If you could wave a magic wand and erase memories of these losses from your subconscious, then act on what you have learned since beginning a study program, trading would be so much easier.

Well, you and I know there is no magic way to easily forget mistakes of the past, but there are ways to keep you on the straight and narrow path in the future.
It's similar to when I learned to drive.

I was 16 years old.

After passing the test my Dad let me drive the car to the supermarket. I don't remember the elation of the freedom of being on my own.

What I remember is the heavy concern that maybe I pulled in front of someone I didn't see, or committed some other gross driving error.

Yet, today I can drive for several hours to visit friends and relatives and not even remember 10 minutes of the whole trip.

I don't remember specific street lights, or intersections.

In fact, I remember almost nothing! It's as though I wasn't even at the wheel.

How can I do that?

The same way you do it I'll bet.

We're on auto-pilot.

We've driven so much that we don't even need to think about it any longer.

Here's a quote worth considering:

"Habits are safer than rules; you don't have to watch them.

And you don't have to keep them, either. They keep you". Frank Crane

Habits are safer than rules... they will keep you? This means habits can be powerful allies.

Certainly it explains why we can drive or do a number of other things without thinking about it.

On the road, our good driving habits keep us safe.

Can you see how this relates to trading?

All of us are subject to the unrelenting dictates of the habits we've developed over the years.

Some of these are good, hopefully like our driving habits.

Many are bad, such as smoking.

All of them are unconscious.

The key we're looking for is how we switch on good habits in our trading, and what those good trading habits are.

This is the kind of stuff I teach you in the complete Futures Trading Secrets Course.

So for today...

Put Your Success on Auto-Pilot

By Making Trading a Habit

One of the most important concepts I have ever come across is the concept of "How We Learn New Skills".

Learning can be described as a four step process.

You can think of the process as a ladder and you may want to invert the following explanations so you can visualize it (Stage 1 is the first step of the ladder).

Unconscious Incompetence: You Don't Know What You Don't Know! Your first attempts at trading fail. It looked so easy!

Conscious Incompetence: You Know That You Don't Know! The search for the "Holy Grail of Trading" begins.

That mechanical system that looked too good to be true failed.

So did the newsletter and the chat room.

Then you begin to learn for yourself.

Conscious Competence: You Know That You Know!

You finally learn an approach well enough to make some money.

Unconscious Competence: You Don't Know That You Know! You are "Trading in the zone" and do it automatically and effortlessly (auto pilot at last).

Clearly, your goal is to create the shortcuts you need to get to stages three and four as quickly as possible.

Here are several Lessons that helped me solidify my "vision" of how to execute a winning trading approach.

Your mind can be programmed to "hard wire" action patterns through repetition, if that repetition is consistent.

For example, if you keep your charting program set constantly to the same colors, same indicators and same setup, you will have much more consistent success than if you change things constantly (the programming has to start over).

It may take up to 50,000 repetitions to totally automate a response.

Think this is a lot? Don't be discouraged. Think of professional athletes and their practice routine.

You can also look at other routines in your own life to see how you made the transition to step four in any of your competencies.

Some authorities say that after 30 days a new habit has begun to be formed.

Using a SimBroker and monitoring your progress on win-loss ratios, profitability and consistency is one way to solidify recognition and action using your signals.

Practicing good money management in this practice session will help you automate your own system.

When you do finally trade with your own funds, you will have mastered and automated two thirds of the equation. Your final goal will be to master your emotions.

Here is a technique that took me awhile to master, called time of day trading.

Coupled with indicators, you will have great success.

In the Futures Trading Secrets System I list six specific time of day trades to be aware of.

Apply these principles.

Be a better trader and learn your craft before risking your money on live trades.

Learn More Futures Trading Secrets below
http://tinyurl.com/d3s8bj

Thanks !
Jim Robinson :-)

http://www.profittrading.com

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