What is TradingComposure.com?
TradingComposure.com is a website created by Yvan Byeajee that helps individuals develop the mindset required to become patient, fluid, and consistent traders. If you look out into the stock trading space, you’ll find a ton of gurus promoting their “foolproof” systems and strategies, but virtually none of them are willing to cover the most important aspect of trading – psychology. Without stability of mind, even the best systems and strategies will crumble. But if one learns to master the inner game of trading, the potential rewards can be substantial both financially and emotionally.
As humans, we can’t avoid our own thoughts and emotions. But acting impulsively on those thoughts and emotions is exactly what causes our inconsistency in the markets. We enter positions too late, exit too early, fail to cut losses at the proper time – the list goes on and on. Feelings of fear and greed seem to have complete control over us, ultimately causing destructive patterns of behavior that leave our accounts in shambles. But what we fail to realize is that it’s possible to bring awareness to these negative behaviors, counteract them, and make our trading operations rather enjoyable and effortless. By following Yvan Byeajee at Trading Composure, you will learn to deepen self-understanding, liberate your mind, and gain confidence in your approach.
Who is Yvan Byeajee and What is His Story?
Yvan Byeajee started trading part-time in 2006 and eventually went full-time in 2009, but those beginning years were far from lucrative. In fact, a handful of years were spent consistently losing and nearly blowing up a rather large $100,000 account. Left with a broken mindset filled with anxiety and doubt, he was provided with the opportunity to go on a meditation retreat. With no other option but to face his own detrimental thought patterns and insecurities, he experienced a complete paradigm shift on that trip. Ultimately, he was able to eradicate his deep mental complexes, develop self-mastery, and bring an entirely new mindset to the markets. One that preserves emotional capital, boosts consistency, and breeds profitability.
It’s safe to say that this 2-month long meditation retreat was a pivotal moment in Yvan’s life. He came to realize that his success in the markets (or lack of success up until that point) had everything to do with his mindset. Most people who attempt to trade for a living fail for this exact reason. They completely ignore the psychological aspect of trading and how much it can negatively impact trading results when neglected. Everyone thinks they can find some magic trading system that wins all the time, but that’s simply impossible. Losses are an unavoidable aspect of trading. The key is to find a high-probability strategy, implement that strategy with as little trading errors as possible, and generate consistent results over time. It’s a common misconception that the best traders are always right. Overall, it’s not about being right, it’s about trading right (following your system and rules associated with it without errors).
Yvan Byeajee’s Top 2 Training Courses to Help Master Your Mind and Boost Trading Profits:
Course #1: Trading Psychology Mastery Course [View Course Content]
This course is a two-week practical trading psychology course that digs into topics concerning stability of mind, concentration, and non-attachment, among others. This is where success in the markets all comes together. It’s not about some indicator or particular pattern – it’s about being in control of your own mind. It delves into concepts surrounding mental conditioning and how you can subdue your need for always being right, detach your self-worth from trade outcomes, and remain even-tempered in your trading operations.
Unfortunately, less than 10% of traders find consistent, long-term success in the markets. But why is that the case? What is that small percentage of traders doing who are actually finding consistent success? It has to be something more than simply being smart because I’ve seen a lot of intelligent individuals fail at trading. This leads me to believe that it comes down to mindset. Very few individuals who jump into the markets have cultivated the critical practice of introspection and self-understanding. As a result, they bring with them their backpacks of insecurities and inconsistencies, which negatively carries over into their trading results.
Course #2: Trading For a Living [View Course Content]
This course explores the possibilities of trading for a living, traveling the world, and working far less than the typical 40 hours per week. This is based on Yvan’s personal experiences trading, traveling, and creating the Trading Composure blog. Within it, he shares his business template, tips for traveling, and even the exact strategy he implements in one of his accounts that has a 70% win rate called The Rainmaker.
Many times, trading can be an extremely self-centered movement. But Yvan gets satisfaction out of sharing his knowledge and experience through his blog posts, books, and courses. Overall, Yvan has been able to cultivate a peaceful life for himself with a clear understanding of his own thoughts and emotions. This mindset has allowed him to exponentially boost his personal freedom, quality of life, and physical & mental health. Everything he does both in trading and business focuses on the preservation of emotional capital, and he can teach you to do the same.
Yvan’s #1 Secret to Trading Success → Daily Mindfulness Meditation
As stated previously, less than 10% of traders find consistent success in the markets. So you have to wonder, why is this the case? Why is the success rate so low? How come a certain strategy can work for one trader, but not for another? The answers to these questions all boil down to mindset. The successful traders understand the importance of good habits, practice discipline, and have mental clarity. Each trading moment, they’re completely focused on the flawless execution of their system. There will always be distractions, but they have the mental strength and resilience to quickly re-focus their thoughts. The struggling traders, however, don’t understand good habits and discipline. They think that they can get away with their bad habits and cheat cause-and-effect. But in the end, their haphazard approach produces inconsistent results. They are prisoners to their own impulses and destructive patterns of behavior.
|Rewire Your Brain For Successful Trading With the Help of Neuroplasticity|
|Check Out More of Yvan’s Guided Meditations For Traders on YouTube|
The good news is that all is not lost for struggling traders. Every single one of them has the ability to increase self-understanding and eventually gain mastery over their own emotions. It’s not something we’re born with. It’s a learned skill. Sure, some traders may have a predisposition for being more methodical and disciplined in their approach, but generally speaking, humans are fallible. We all have to deal with various cognitive biases that cloud our judgement and lead to irrational decisions. And that’s where mindfulness meditation can help us take a step back, observe that we have these biases, and do our best to avoid letting these biases negatively impact our behaviors. Some people think that meditation is some sort of religious ritual or that it’s pointless, but that’s simply untrue. It’s brain exercise that anybody can do and has been proven to reduce stress, anxiety & depression, while increasing focus, resilience & emotional intelligence. Numerous studies over the years have shown the benefits of meditation to be extraordinary.
Learning to Calm Your “Monkey Mind” and Dismantle Compulsive Behaviors:
The monkey mind is a psychological analogy that compares the human mind to the actions of a monkey. Just like a monkey swings from branch-to-branch, our minds jump from thought-to-thought. In total, each individual has over 50,000 thoughts per day, many of which are filling our minds with fear and doubt. What will happen if I lose my job? Is my partner unhappy with our relationship? Will I ever be able to retire? These are the constant, exhausting thoughts that run through our minds all day. And without a proper hold on our own mind, it can be difficult to drown out the noise and focus on the present moment. Ultimately, failure to be aware of the monkey mind and have the ability to tame it results in suffering.
In order to avoid undue suffering, we have to be able to calmly and objectively listen to our monkey minds. When we learn to meditate, we learn to non-judgmentally observe, detach from our thoughts, and clearly understand why we’re feeling the way we feel. These moments of detachment bring peace to our otherwise busy minds, allowing us to better avoid thinking indecisively and acting impulsively. When you realize that most traders have never taken the time to develop and maintain stability of mind, it’s relatively easy to understand why so many traders fail. Inconsistent behavior leads to inconsistent results. Failing traders are overwhelmed, impulsive, and overreact. Successful traders are calm, patient, and concentrated.
Trading Composure Covers the Key Component Missing From Almost Every Other Trading Program:
I’ve personally used and reviewed many different stock trading programs and services over the years and not a single one of them has mentioned the importance of a consistent meditation practice or deeper-level understanding of our own minds. Sometimes they’ll vaguely touch on trader psychology and mindset, but nobody is providing the kind of actionable mindfulness education that Yvan Byeajee at Trading Composure is providing. Other stock trading programs are quick to provide alerts or indicators that subscribers can supposedly use to gain some sort of edge, but the real edge comes from within. Components like strategy and risk management are certainly important, there’s no denying that, but proper mindset is the glue that brings everything together.
|Learn How to Dismantle Your Destructive Trading Habits and Become Consistently Profitable|
|Check Out Yvan Byeajee’s Trading Composure Blog and Start Improving Your Mindset|
Overall, trading is extremely difficult because it’s counter-intuitive to human nature. Humans are built for survival and our thoughts allow us to quickly evaluate scenarios, judge outcomes, and react to threats. As a result, we tend to act impulsively and overreact for our own safety. But if we bring that same demeanor to the markets, things can go downhill in a hurry. That’s when we find ourselves jumping into positions without a proper plan, leaving profits on the table by exiting too soon, etc. In order to be successful as traders, we must learn to be calm, rational, and deliberate in our approach. Most importantly, we must realize that the market won’t behave in accordance to our own personal needs and desires. We can’t control the market. The only thing we can control is the way we react to it. The sooner traders accept this fact, the sooner trading becomes an enjoyable, non-afflictive experience.
Are You Ready to Overcome the Mental Resistance That Stands in Your Way of Becoming a Consistently Profitable Trader?
Written By Matt Thomas (@MattThomasTP)
Related Pages:
- Best Trading Psychology Courses Available Online
- What is Yvan Byeajee’s Trading Psychology Mastery Course
- What is Trading Composure? Acquire a Heightened Level of Trading Insight
- #1 Reason 90% of Traders Fail and How You Can Avoid Being One of Them
- What is Day Trading Psychology? The Foundation of Day Trading Success
I read all about trading. I study it a little and I know I want to try it but when push comes to shove I just cant pull the trigger on that first trade.
Maybe it is all in my head and maybe this is exactly what the Dr ordered. I have friends who have made some pretty lucrative money through trading but yet I still cant bring myself to do it my self. I am very scared to lose my money.
I am going to take a closer look and see if this is the magic pill for me.
Thank you for all the great info.
Dale
Hi Dale – paper trading is always an option in order to gain some experience and confidence completely risk-free. Once you’ve proven to yourself that you can make money paper trading, then you can eventually switch to real money if you’re comfortable enough with it. You can always start small and scale up as you continue learning, gaining experience, and refining strategies. Mindset training is truly critical to success, yet is oftentimes ignored. Same goes for paper trading – many newbies are typically too impatient to “waste” their time paper trading and would rather jump right into the markets to make some immediate money. Then reality eventual hits that without the proper knowledge and experience, sustainable success won’t happen. Those who choose to educate themselves, paper trade, cultivate the proper mindset, and gradually grow from a strong foundation ultimately find the most success down the road.
I never really thought about the psychology behind trading but you are so right! Our emotions can talk us into doing a lot of things our brain knows we shouldn’t. Why should trading be any different? I liked the concept of taming the monkey mind. So true! These courses sound like they would put me the right path toward becoming a successful trader.
Hi – I have never thought to make the connection between mindfulness and trading. I always assumed that the trading industry was pretty frenetic, and based on impulsive, spur of the moment decisions. Yvans story was really inspiring, to think he could have lost everything. All the best, Diane
Hi Diane – psychology is truly one of the most critical aspects of trading. I personally consider it the most important. Personal intelligence and research won’t get you very far if you’re constantly acting impulsively and undisciplined. Inconsistent actions when it comes to entering/exiting trades and investments will only produce inconsistent results. The reality is that if you want to achieve consistent success in the markets it takes emotional control, stability, and mindfulness, first and foremost. All of the charting and research skills are secondary. It’s unfortunate, but most people enter the markets looking for some sort of “foolproof” system to follow that will solve all of their problems, but they’re looking in all of the wrong places for success. The most important place to focus is in between their own ears in order to cultivate the proper mindset and discipline required for sustained trading success.
Hi, thanks for this helpful information. I am sure I have to work on my mindset because I have never actively focused on that. I’ll check out Yvan Byeajee’s training courses, I already had a look at his website and the offers seem very interesting and not too expensive for what you get.
Hello Matt,
Thanks for the great recommendation. I have tried trading Crypto-Currencies last year and suffered from this monkey mind that made me lose lots of money because of impulsive actions.
Although I practice meditation on regular basis (I’m a yoga instructor), but I never though that my problem with trading had something to do with mindfulness. I have been seeking mentors to learn how to trade penny stocks as I heard that it can make you money faster. Does Trading Composure teach you how to trade penny stocks?
Looking forward for your feedback!
Amjad
Hi Amjad – great question. Yvan Byeajee at Trading Composure doesn’t offer any programs focused on trading penny stocks. He does, however, share one of his best trading strategies called The Rainmaker within his Trading For a Living course, which involves day trading SPY. But in general, his website and services are focused on mindfulness and discipline in trading whichever strategies you choose. It’s a resource that provides all-encompassing guidance in regards to trading psychology.
For potential mentors within the penny stock space, you may want to check out Jeff Williams at Penny Pro, Jason Bond at Jason Bond Picks, and Kyle Dennis at Biotech Breakouts. All of these guys typically trade stocks priced at $10 or less, but they each implement their own unique approaches. They even have next-level mentorship services that offer complete transparency and live trading sessions during market hours. I hope that helps. Take care!
Hi Matt- I really enjoyed this article as for many years, I have wanted to learn more about online trading and have always not done it due to lack of knowledge. Having a great mindset would have to be 100% needed to ensure you remain calm at all times. Thank you for sharing such awesome information and one day maybe I might get the courage to attempt to trade online
This article related to me so very strongly, the importance of turning off your monkey brain is a necessity in the trading game. Meditation and mindfulness is what I personally find to be the most effective and these facts and this article directly corresponds to me. This is live proof of how the right article at the right time can mean so much to someone. Thankyou Matt
No problem, Clancy! I’m glad you found it so helpful. The unfortunate reality is that humans are hard-wired to be bad traders. And it takes constant work to clear your mind and stay focused on executing your strategy with the least amount of errors possible. Avoiding impulsive and inconsistent behaviors is no easy task when money is on the line and hundreds of thoughts/emotions are running through our heads. In the end, every successful trader has to cultivate the proper mindset for consistent, long-term success. Adopting a regular meditation practice in your routine is certainly one of the best methods for doing so.
I totally agree with you on every point. Trading may be based on financial and socio-political technical facts, but the formula to earn lies behind a correct mindset. And that mindset is a stable and strong psychology. If you can come up with a strategy and keep at it without distracting from it, then you may be successful.
Hey, I’ve read a lot about mindfulness and I’ve also read a lot about trading, but I can’t say I’ve ever seen them combined before, but this is a really nice take you have on the subject. Now that you mention it, it makes a lot of sense; what place better to be mindful than in a environment that often consists of impulsive and emotionally-fueled decisions. Do you think there is ever a place for acting impulsively in trading though; does it need a balance?
Hi Danny – that’s a great question. With the proper mindset, traders should also have a proper plan in place for each trade and be able to follow it with a high degree of discipline. Your strategy, plan, and ability to execute that plan flawlessly over-and-over again is what will generate consistent results over time. Following your plan only some of the time and acting impulsively other times will generate inconsistent results. And this sort of tactic will only result in confusion. You’ll have a hard time figuring out what works and what doesn’t, and how you can continuously improve your strategy for less risk and increased profits. It’s kind of like a science experiment where you have constants and a variable. When you act on impulses, you’re introducing too many variables and skewing your results. Overall, it’s impossible to completely eradicate emotion and impulse from trading since we’re all fallible as humans, but we want to be able to execute our trading plans with the most stability and clarity as possible on a per trade basis.
I have been investing in the stock market here in my country but I’m not trading. I’m investing for long term using the strategic averaging method. But as mentioned, it’s still about the psychology of how well you react to the market and control your emotions. Sometimes, it’s really painful to see your portfolio losing but when you come to think again and again that it’s normal for the market to go up and down and provide positive returns over 5 to 10 years, you’ll find comfort. They say it’s actually 20% strategy and 80% psychology. Thanks and I hope to learn more from you. Did you yourself enroll in those courses? Will it be applicable to long term investors as well?
Most individuals certainly underestimate the impact of psychology in their trading. Truthfully, psychology rules the markets. That’s why you’ll see certain patterns play out over-and-over again. The way the majority of people react (or overreact) never seems to change, and that’s where great traders are able to pinpoint and leverage their edge. They essentially take advantage of the people trading based on emotions. Even Warren Buffet knows the importance of psychology in the markets: “Be fearful when others are greedy and greedy when others are fearful”.
I’ve personally enrolled in Yvan’s courses at Trading Composure and found quite a bit of value in them. I’m making strides to evolve my trading into a fluid, enjoyable, and non-afflictive experience – which most traders simply can’t achieve. The consistent meditation practice is probably the most critical aspect of all his teachings. Overall, his programs are geared more toward short-term traders in my opinion because day and swing trades tend to be faster-paced, more volatile, and stir up emotions, but the concepts can certainly be applied by long-term investors as well.