Improve Trading Profits and Trading Performance
Welcome to Trader Transform, the site that exists to help you improve trading profits and trading performance. Our purpose is to help new and struggling traders turn their fortunes around by working on discipline, psychology and developing the trading skill. Like anything else worthwhile the ability to trade successfully is a skill that has to be trained regularly. Click here to start developing your trading skills now.
The retail trading industry currently has a 95% (or thereabouts) failure rate. However if you search around the Internet for ways to become successful it’s not long before you’re faced with “amazing” systems and robots that produce “staggering” results completely “on autopilot” for just $97…
Other than this there are educational sites that will teach you the ins and outs of charts, fundamentals and the quirks of your markets. Some cover important points like money management and journalling but with all this information available the failure rate is still shockingly high….
There are a number of reasons for this, the main ones being:
- People treat trading the markets the same way they do a roulette table
- Poor or non existant risk management
- No rules
- Inability to follow rules
- Lack of accountability
- People trying to trade systems that don’t suit them
- Pie in the sky expectations
- Fear or missing out
- Lack of patience
- Lack of resilience
- Not being prepared to put any work into learning to trade
- Following other people’s trade ideas
- Emotional trading
- Ego trading
You get the idea. The plain truth is that out of the 95% of unsuccessful traders a large portion of them should not even be trading in the first place.
No matter what anyone says trading is not “just gambling”, it’s a professional business practiced by some of the richest companies in the world – investment banks. They are not “just gambling” and neither should you be. Becoming a successful trader and getting to the point where you’re making a lot of money and living full time from a few hours work a month involves a solid business plan and approach – just like any other business.
Many new businesses fail due to the owner simply not being cut out to be an entrepreneur, or not having a good enough business plan, or not being able to follow a plan, or not being prepared to work on themselves or a combination of all these points. Building a successful trading business is no different.
You get out what you put in and the biggest obstacle to your success in this business is YOU. But you can fix that if you’re prepared to work on yourself and undergo a rigorous journey. The rewards are there and are well worth the effort. It is my sincere hope that this site can help you improve and develop the kind of trading performance that very few retail traders enjoy.
To work on your trading discipline and psychology is to develop and improve the required trading skill that will enable you to trade any system in any market in any condition. If you’re serious about this and are prepared to undergo this journey then here is the first step.