Brian Mcaboy Blog | Nobody Likes To Lose. Here's What To Do... | TalkMarkets
Founder of Inside Out Trading
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Brian McAboy is a trader, trading coach, and business consultant. He is also a retired Mechanical Engineer and Quality Engineer. He currently resides in Colorado with his two sons. Having been a business and personal growth enthusiast for over 2 decades, Brian specializes in helping traders and ...more

Nobody Likes To Lose. Here's What To Do...

Date: Thursday, March 1, 2018 7:13 PM EDT

Nobody likes to lose. Nobody. Especially when there is money on the line

Whether you're playing a game or trading or investing in a business, no one likes to lose

Now in the business world, there is a simple and very sensible practice that business people use to protect themselves from losing a ton of money and time

They want to avoid wasting days, weeks or months and loads of cash on something that just isn't going to be profitable

Over the years, it's become a very worthwhile wisdom to be skeptical, to recognize that just because it sounds like a great idea, odds are still 80/20 that it won't work

key to successYou've probably heard it on Sharktank, comments like,

"How many have you already sold already to demonstrate that the idea will work?"

"Do you know your numbers and what I can realistically expect to make if you want me to partner with you?"

The Sharks are smart enough to know, because they've learned the hard way, to ask for proof-of-concept and numbers

Not dreams

Not hopes

Not wishful thinking

They want "proof-of-concept"

And they want numbers, not opinions, or "I think..."

After all, this is business and they don't want to lose

Unfortunately for hopeful entrepreneurs, they have to put in a significant amount of time and money, actually make the thing and try to sell it to find out

Now here's the good news for YOU

What's really cool is that this practice of establishing proof-of-concept and gathering numbers can be used by you as a trader

Best of all, you can do it without ever having to risk money in the markets to prove things out and know if the numbers work for a given system or idea you have

Traders usually just get busy trading without establishing Proof-of-Concept and having a measure of a given system's potential,

...hoping and really wanting it to work, but then having to learn the hard way again and again through disappointment, frustration and everything the goes with failure

And they go through this cycle over and over and over again,

...wasting weeks or months at a time, losing thousands of dollars each time

...often many times over a handful of years, and without ever knowing that secure and reliable success they've sought since Day 1


What Happens After...

So what happens AFTER you stop trading with real money, and take a couple days or weeks to establish Proof-of-Concept and gather your performance numbers?

Here's just a look at the experience you create for yourself when you make the conscious decision do this:

  • first of all, you get immediate relief from the stress you've been living with

  • you no longer feel the constant pressure to make back what you've lost so far

  • you get a break from having your hopes way up, and the day-to-day anxiety and all the energy that takes

  • You get a pattern interrupt - which is HUGE in order to affect a change

  • You begin to feel settled down

  • You begin to enjoy a sense of peace and purpose and less pressure on the short term

  • Your focus becomes more on the long term, and a sense of optimism returns to your trading - not hopes or wishful thinking, genuine optimism

  • Your fear of failure and losing money finally let up on you

  • You begin to enjoy a deep knowing that you're going to make it, that you're okay now, and that you'll be all right when you go to the markets

  • Your posture and general energy are increased

  • You find yourself eager to begin trading with real money again, knowing that you are indeed truly prepared to make money, and no longer going on anxious hope

  • You no longer feel like you're gambling to a degree, subject to the whims of the markets

  • You feel "in control" of your success and your fate, like you've not felt before

How you feel about yourself also changes in a major way, because you can see how you are finally going about your trading in a manner that is sensible and is indeed likely to work and meet your financial objectives

You KNOW that the odds are truly in your favor, FOR REAL, and it feels GREAT!

But even understanding that Proof-of-Concept is necessary, nearly all struggling traders don't or can't make it happen because they are missing a critical component


The Critical Missing Component

It is usually discovered once they start to try running their numbers.

See, you can have a great idea for a trading system

But if you don't know how to define and document it the RIGHT WAY, it will NOT be very repeatable

And there are two parts to this:  knowing how to document it, and then also knowing how to make sure that it is functional

But when you CAN properly define, document and test our a system, ONLY THEN can you perform the quantitative test to know how well it performs and if it will deliver


The Challenge

The biggest challenge for most traders is that you're smarter than average and can figure most things out

This however is not something that is easy to do, and that's why it rarely happens

For me, I learned it in the trenches of Engineering and Quality Assurance, and even there with other Quality gurus, many of them didn't get it either

BUT when you DO know how to do it, it works amazingly well for giving you peace of mind and massive security that what you've got going on will indeed succeed the way you want it to

And that's why my clients have found the confidence and success they've desired - regardless of what they trade or method used

This is how you make trading WORK, and avoid losing tons of time and money

- the same way smart people in the business world protect themselves and hedge their bets

So the question then becomes,
 

"What would it be worth to KNOW that you're going into your daily trading with the odds truly in your favor, KNOWING that you're okay, and finally being FREE of the anxiety and stress that comes from the doubt and NOT knowing, to have a high level of rock-solid confidence?"


To see how you can take any trading system, establish Proof-of-Concept, make it profitable and highly reliable in less than 30 days - without risking even a single penny, click here

Nobody likes to lose, and you DON'T have to.

And if you're paying attention and have read this far,
you can also save $100 by using the code  SAVE100

But you need to do it now - don't put it off.  

See HOW to put your trading on the right track and begin enjoying a much better experience by clicking here right now

Cheers

Brian

P.S.  One of the other great things about trading is that you can change how you're going about it any time you like

You do NOT have to keep doing things that way you always have, just because that's what you're used to

You can start next week with an entirely new trading experience,

If you haven't been making money with your trading, it's time to stop trading with real money (I mean really, why keep losing if you don't HAVE to)

BEFORE you go risking real money in the markets, protect yourself by establishing proof of concept and gathering the numbers so you know you are being wise with your capital

You'll feel better, your spouse will be glad you did and you'll put yourself in the small percentage of traders that has a true advantage and odds in your favor!

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

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