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
Agreed, psychology is the most crucial part of stock trading. Though trading is a bit challenging at this time, I do read psychology books about stock trading and do a lot of research as well. I understand that I need to be emotionally sound to produce well in the game of trading.
I do some stock trades and it is very stressful under current environment, since there is huge swing of stocks, which results in a lot of stress. I think about reading psychology book on trading, but never took time to do the search.
I agree with you that the most important aspect of stock trading is psychology. Without focused and stable mind, it is hard to execute any trades properly. It is true that we can’t avoid own thoughts and emotions. This is why we need to master the inner game of trading. Emotion control allow us to gain consistent results.
Hi Anthony – I appreciate your comments. The importance of the psychological aspect of trading really can’t be overstated. It usually takes traders a long time to realize it, but even the best systems and strategies will crumble if they don’t personally have the mental capacity and emotional control required to trade that particular system properly.
Our minds are constantly having thoughts which will certainly try to make us behave certain ways in the moment. But we can’t allow those thoughts and emotions to control us, forcing irrational and inconsistent decisions. Being controlled by your feelings while trading is exactly what leads to inconsistent results. There’s no way to completely stop ourselves from having thoughts because it’s simply in our human nature, but there are things we can do so that we don’t fall victim to our feelings every time we go to trade.
In order to have consistency, we have to have a rule-based strategy with a positive expectancy and be able to stick to those rules with a high degree of discipline – simple as that. It’s certainly easy to say, but much harder for people to execute in practice. Once people are put in the environment of the markets, they have an incredibly hard time sticking to their plans. But it’s typically just our minds getting in the way (feelings of anxiety, fear, greed, etc.), which can be overcome by understanding how we think and adopting the proper perspectives.
Out of curiosity how long was this meditation retreat that Yvan went on? I find it interesting that some people need years of mindset training while others have almost an immediate shift. Also, I agree with the piece of your strategy that seems to emphasize patience. We know that in the long haul the market is profitable but you have to wait out some storms sometimes. (sidenote: I reread the article and saw that he went on the retreat for two months.)
Hi Julian – that initial meditation retreat that Yvan went on toward the beginning of his trading journey was 2 months long, but he’s been on a handful of others since then. This retreat certainly helped him make a mindset shift, but the reality is that practicing mindfulness is a continuous process. A retreat or two isn’t going to have a tremendous impact unless you put those skills into practice regularly, and that’s exactly what Yvan does by meditating at least 2 times every day. I’m sure he feels like his mindset has improved substantially since that first retreat, but the process of improving it never ends. To your point, however, some people do have a lot more mental hurdles to overcome than others, so the amount of time it takes to overcome some of their major bad habits, attitudes and delusions can take different amounts of time.
Thanks to Yvan Byeajee for creating this training as it’s exactly what the trading world needs. I can’t wait to take that two week course and explore the topics on trading phycology.
I wish I’d known about these courses a couple of years ago. I was heavily into the stock market for about three years, and doing my best to learn how to navigate that scene successfully. I learned a great deal, and did fairly well if I stuck to the stuff I understood. It’s so easy to wander off into other areas that sound really lucrative, only to be brought up short when you lose money.
I started in the stock market initially because I wanted to invest in marijuana stocks. Here is where I hit it lucky…those stocks kept me in the game when other things I tried would fail and take my money. I actually ended up making about $10,000 profit for the time I was involved.
However, I’m a senior and have a really small social security payment. So, I applied for public assistance, and they told me to get some, I’d have to sell all my remaining stock. Well, I really didn’t want to, but a guaranteed monthly check versus perhaps winning and perhaps losing made me decide to go for it. I’m still wondering if it was the right choice.
Glad Yvan Byeajee is supplying good training for the folks who want to turn their investing into a career.
When dealing with stocks it does not pay to be impulsive. Being level-headed and mindful go a long way. Although as you say, it is impossible to be right 100% every time. There are so many variables, and life as well as markets does have their surprises.
I think mindfulness meditation will really help me to take a step back and improve my mindset.What is the difference between meditation and mindfulness meditation? And what are some mindfulness exercises?
Hi Shimba – great questions. There are many forms of meditation, but mindfulness meditation is merely one meditation option for achieving lower stress levels and increased focus, among a handful of other benefits.
The easiest way to start a mindfulness meditation practice is to find a quiet space, sit comfortably with a straight back, and focus on your breath. Take deep, slow breaths in and out. As your mind wanders away from your breath to various thoughts, simply notice them without judgement, and bring your focus back to your breath. Do this for at least 5-10 minutes once a day. As time goes on, you may want to increase the duration and occurrences of meditation sessions.
Overall, this form of meditation allows you to be more aware of the present moment – not living in the past or worrying about the future. When it comes to trading, this type of meditation practice allows you to focus deeply on the execution of your trade plan without distraction, and be less susceptible to reactive and irrational behaviors that are often the downfall of traders.
Hello, Matt
Yes, I agree with you that mindfulness and trading are closely related to each other. I have also read Yvan Byeajee’s story. It is very useful to me to learn the topic. Daily mindful meditation is helpful for trading success. Not only for trading success but also for a peaceful and harmonious life one should maintain meditation. The monkey mind aspect is really interesting.
I myself have a trading account with Scwabb, and these lessons would have saved me a lot of money when I first started learning about options trading. If you are looking for a place to get started with trading stocks, I know you will learn a lot from all the resources here at EliteSwingTrading.
I really appreciate the link you make between success in trading and mindfulness. Your description of “monkey mind” is great, and you really highlighted the need for mindfulness and meditation. “Inconsistent behavior leads to inconsistent results” really spoke to me.