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Happy trading,
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In this month's newsletter:
- Predict Your Reactions - Louise Bedford
- Mentor Program Rave Reviews
- Tate on Trading - Just Looking...
- Trading Secrets Triple CD Set
- Come and See Louise at the ATAA Conference
- Final Thoughts
Predict Your Reactions
Louise Bedford
How are you likely to react if you suddenly made a huge windfall profit? Or, (perish the thought), a larger than expected loss?
From a neurological perspective, we have some neurons in our brain called Mirror Neurons. When we look at a sport, or listen to someone else's experiences, these nifty little neurons fire off in our brain.
If we have internalised other people's experiences/lessons or previously thought about our likely reactions, this has the advantage of making novel events in our life seem familiar. So by pushing your mind each month on the trading front in this newsletter, I'm aiming to get your Mirror Neurons sparking, and for you to know what it takes to become a Trading Dynamo. I’m training you not to react on the basis of your primitive limbic system, which basically focuses on a fight or flight response. By presenting you with different trading scenarios, you'll train your brain to be more pre-frontal cortex oriented, and respond with logic, rather than emotion.
This should be the goal of every trader, whether you’re just starting out in the markets, or even if you’re already an experienced player.
Mentor Program Rave Reviews
Well, we're 10 weeks into the 6 month Mentor Program, and the lucky Mentorees are just raving about the impact it's had on their lives. Check this out:
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"Learning all about risk management and position sizing is what I like best about the Mentor Program! I would never have believed that I could have $100,000 invested in the market while only actually risking AT THE MOST $5,000. Relatives and friends still do not believe me when I tell them that!! The whole program to date has been absolutely amazing and well worth the investment in both time and money!!"
David Piper, IT Manager, QLD |
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"I love the how course is delivered in such a thorough, step by step, organised manner. One of the best things I've learned is where I have been wasting my time and where I should be directing my energy when trading. In the last 2 years I have read over 30 books on trading. Yet in the first 8 weeks of the program I learned more about how to consistently make a money trading, maximise my returns and what trading truly involves on a day to day basis, than in those 2 years of reading. Thanks Chris and Louise!" Sharyn Price, full-time Mum and trader, QLD |
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"The two main areas I have been really impressed by so far in the course are firstly, the ability of Chris and Louise to open my mind to so many different aspects of trading in such a short space of time and secondly their amazing commitment to our learning of these concepts. Their contrasting techniques and willingness to devote so much of their time answering all questions is very much appreciated." Matt Forster, Bookkeeper, Port Lincoln |
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"I am now well on the way to developing a formal Trading Plan that fits me - my lifestyle, my risk profile, my mindset - something I have never had before. What makes it all the more better, is that I have been able to incorporate many little "golden nuggets" directly from the feedback of Lousie and Chris on what works for them. Craig Gurrie, IT Architect, Melbourne |
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"I love the honesty of the Mentor Program. With an open mind, you are able to learn the facts of trading, and start to see what is realistically achievable." Ron Williams, Remedial Masseuse, Adelaide |
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"The Mentor Program is exactly what it says it is. Every step of the way there is a mentor of vast experience guiding, educating and answering every question that comes up. Having traded for a number of years and read numerous books, many times I longed to have someone that I could turn to with a question. The generosity of Louise, Chris and the past mentorees who provide instant feedback whenever anyone doing the program has a query, has ensured that nobody is left wondering. This generosity of spirit combined with the positive mindset of all people involved is, in my view, the program's greatest strength." Louise Winstanley, Nurse, Melbourne |
Are you ready to add your story to this group of sharemarket winners?
There's been such an overwhelming response to the 2009 Mentor Program that when we launched it, just to the exclusive group of people who requested Priority Notification, the whole course booked out within 5 days! I'm still receiving emails, begging to get into it!
We're looking to run the Mentor Program again in February 2010, so stay tuned, and you may be lucky and get into that one. Remember to register for Priority Notification about this event, so you'll hear about it before anyone else does. You’ll also receive for FREE, Louise’s brand new video called “Trade for Your Life and Never Look Back”.
This video is our gift to you and reveals the secrets used by professional traders to live life on their own terms.
Join the Priority Notification list here:
Sure You've Registered Successfully?
Over the past month or so, we had a couple of cyber-hitches with Priority Notification registration. It's all fixed now. If you didn't receive your free video and connect to a page that looked like the one below - then please re-register, or you'll miss out on receiving the next free video we're in the process of putting together for you.
You should have received an email that links to a page that looks like this:
If you didn't see this page, then re-register now by clicking on this button:
The Mentor Program Foundation Book Pack
If you're serious about doing the Trading Game Mentor Program, then this book pack is for you. It will provide the ideal preparation required to complete the Foundation level of the program, and will give you an insight into the trading methods used by Louise Bedford and Chris Tate.
You'll receive three of Chris and Louise's best-selling books, all in the one convenient pack, for an incredible 10% discount. Right now, this is the best thing that you can do to prepare for the 2010 Mentor Program.
Order your pack today, save 10%, and develop the foundation required to excel in the Mentor Program and beyond!
Usual price $119.85. Sale: $107.87 (inc GST, plus postage)
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You could be the next success story!
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Tate on Trading - Just Looking...
Chris Tate
Have you ever fired up the Google box for the purposes of finding something pertinent and relevant to your next task only to find yourself four hours later amazed by your new found knowledge that a crocodile cannot stick out its tongue or that there is no Betty Rubble in The Flintstones chewable vitamins.
Seeking is an innate task that has come to obsess humans – in fact we cannot stop doing it anymore than a lab rat can stop pressing a lever in a cage in order to get a reward. In fact by seeking out endless inane facts we are stimulating precisely the same centre that James Olds discovered in 1954 when he was investigating how rats brains work.
Olds and his team stuck an electrode into the rat’s brain and whenever it went to a given location they would give it a small shock. To their surprise the rats kept returning to this same location over and over. Unknown to Olds and his team their probe was not in its intended place but rather had been placed into the rats lateral hypothalamus. It was thought that the electrode was inadvertently stimulating what was initially referred to as the brains pleasure centre.
Later experiments seemed to confirm this because rats would undertake tasks that resulted in a small shock to this centre until they collapsed. Later work has cast severe doubt on this notion of a pleasure centre because the animals involved in these experiments seemed to be, to use a technical term, somewhat bonkers. Later experiments involving humans confirmed this observation.
The behaviour that resulted from these human trials has been labelled seeking. This seeking behaviour was probably the engine that drove us out of the caves and over the next hill. Seeking seems to provide us with an intangible emotional reward – in effect we are born explorers. We are hard wired to look for things – it is not hard to see how this is a valuable evolutionary skill to have.
However, this seeking is an emotional behaviour – we get a high from the process of looking for new things - not actually from finding new things. Unfortunately like a lot of evolutionary behaviours it may not be all that useful in the new society we have created. We are wired, in effect, for things such as Google to make us stupid.
The question is how is this paradox of a brain that is more easily stimulated than satisfied relevant for traders? The answer to this is simple. Fire up your charting package and have a look at your indicator drop down list. Ask yourself how many of these indicators have your tried at one time or another? I can almost guarantee that the answer is close to 100%. The follow up question is how many of have you used Google to search for more indicators or tools? And my guess is that this process has not really aided your trading – in fact I would suggest it has actually hindered it.
The same is true for system development and I want to separate the search for improved systems from the notion of tinkering. My feeling is that most system design and testing undertaken by traders is actually a form of seeking behaviour. The reward comes not from finding a new system but rather the process of looking for a new system. We know this to be true because we derive more of a dopamine blast from seeking not finding.
This leads to an endless cycle of tinkering and searching and not actually trading and is why investment clubs (a profoundly stupid idea) or associations of technical analysts exist. It is not to trade but rather to go through the discovery process of thinking about trading.
The task of the trader is to trade and this is why, when you listen to very successful long term traders, you are stuck by the notion that many of them have not changed their systems in decades. They have overcome the desire to seek.
If I posed the challenge to traders of deleting all except say three or four tools from their charting package, I wonder how many would take me up? I wonder how many more could keep away from Google for a week?
- Chris Tate
Seen Our Back-Dated Newsletters?
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Trading Secrets Triple CD Set
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At other times, investing in this CD set might be justifiably considered a luxury ... an option. This is not the case now. I insist you now need to be actively, aggressively, and earnestly digging everywhere you might dig, in search of a "better way" of trading. There are people making great profits on the markets right now. Why not you?
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"Louise’s sparkling personality and comic timing kept me enthralled. Excellent coverage of a vast subject"
– Karen Mardel, full-time trader, Melbourne
"I can hear Louise's happy voice explaining things very simply, yet very effectively."
- Grace Liptak, Sydney, Stay-at-home Mum
Money Back Guarantee
In my 20 years in the markets, I've never permitted even one person to walk around claiming they've wasted their money with me, and I'm not about to start now. Get my Trading Secrets CD set. Listen to it. Put it to work. You'll know - fast - that it DOES work. However, if for ANY reason you disagree, simply post it back to me for an instant, full 100% refund. No hassles, and no forms to fill out. Is that fair or what?
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Come and See Louise at the ATAA Conference
Louise will be a keynote speaker on October 23-25 at the 2009 Annual ATAA Conference in Melbourne.
Click here for full details and to come along to the only event of its kind in Australia dedicated to achieving Trading and Investing excellence!
Final Thoughts
Take me up on my challenge. Stretch, strive, and dare to let your imagination run wild about what you are capable of achieving. The best traders do it, and so can you.
Happy Trading!
P.S. The results have been flooding in. Our people have had some outstanding results because they've been trading their plans effectively. Don't get stuck in an endless cycle of tinkering and searching and not actually trading. Stay in touch with this newsletter every month and you'll stay a step ahead of the game.