Weekend Warrior Workshop – Day Trading Psychology
The Weekend Warrior Workshop on Day Trading Psychology will by taught by Ed.
Ideally suited for beginner to advanced traders, and former Day Trading Course Students or Warrior Pro students.
Warrior Trading has again taken the lead in the industry by offering a day trading psychology workshop for aspiring traders. New day traders typically come in focused on preparing themselves for trading the markets by getting some fundamental education and learning how to identify the profitable setups, but completely forget about the mental or psychological aspect of trading. The most successful day traders have developed the ability to manage their emotions in order to maintain discipline and confidence in the face of the changing market. Developing and maintaining this mindset is a skill that can and must be learned. Top athletes practice it. Top traders practice it. Our Day Trader’s Mindset workshop is designed to help you overcome the psychological challenges you will surely face as a day trader and help you develop your own process to manage these challenges throughout the trading day. Participation will be limited to 15 participants per workshop to provide the best experience for the trader.
Student Case Study: Quits his Job & Makes $196k Day Trading
The Weekend Warrior Workshop Overview
4 Chapters of Content
4 Live Classes with Recordings Available for 90 days
Live Education from Ed, our Warrior Pro mentor & Chat Room Moderator.
Live Workshop Schedule
Saturday 11/5/2016 – 9:00am – 10:30am
Saturday 11/12/2016 – 9:00am – 10:30am
Saturday 11/19/2016 – 9:00am – 10:30am
Saturday 12/10/2016 – 9:00am – 10:30am
Class Topics – The workshop will consist of 4 live, interactive sessions.
Session 1: Identifying Your Trading Self
Every trader reacts to emotions and makes decisions based on these emotions in his or her own way. These decisions are based on the values instilled in them as well as the environment in which they grew up. However, if you think about it, there are common elements in the process. One key element is how long or quick a trader is able to make a decision and react. Some people are referred to as impulsive, while others are methodical. Then there are others who seem to be both, such as myself. The type of person you are should match your trading method. This session is designed to help you identify yourself as a trader, your strengths and weaknesses, and develop a plan to address those weaknesses.
Session 2: Emotions that Destroy Trades
In day trading it’s painfully obvious; your emotions can be your worst enemy. Controlling and programming responses to our feelings and emotions should be the primary focus of day traders. The two most powerful emotions we experience in day trading are fear and greed. In this session we will examine these emotions as well as the subset of emotions that can result from these main two. You will also learn how to identify when those emotions are taking over and develop strategies that will help you respond to them in a way that will benefit versus hinder your trading.
Session 3: Confidence; A Trader’s best friend or worst enemy
Our minds are hardwired with fear. This is the vital emotional reflex that we depend on to keeps us alive and strong. But when fear overpowers our ability to make the calm and focused analysis on our trades, this emotion that is designed to secure our survival quickly turns into the cause of our downfall. In this session we will examine fear and how to use it to secure our survival in the market.
Greed, just like fear, is inherent in humans, and it can’t be ignored, only controlled. In day trading, we actually need a little greed. It is the fuel that keeps us going. But, on the other hand, greed is by far the most dangerous of all emotions we will experience in day trading. It can lead to recklessness, rule breaking, and over trading, all which will lead to certain failure. Just like with fear, we will examine this emotion and how we can use it to secure our survival in the market.
Session 4: Becoming the Calm, Cool, and Collected Trader
Impatience is a constant threat to our trading success. It doesn’t matter if you are a brand new trader or an experienced trader, one’s level of self-discipline is crucial. Patience is a critical tool. Patience is the mod podge that holds this trading puzzle together. Developing and strengthening patience can’t be done overnight. Developing it is a process that you must gradually and painstakingly master, all while executing trades. In this final session, we will explore how to develop and strengthen your patience as a trader as well as give you some tips on helping you put it all together to become the calm, cool, and collected trader we all aspire to be.