Who is Yvan Byeajee and What is The Trading Psychology Mastery Course?
Yvan Byeajee is the founder of Trading Composure – a website that offers articles, meditations, and courses focused on the psychological aspect of trading. The best course offered at Trading Composure is The Trading Psychology Mastery Course. The information offered in this course is based on Yvan’s own unique, personal experiences with both meditation and trading. When he first started trading, he brought with him a stockpile of denied impulses and unmet desires, which isn’t unlike most other traders. In an effort to gain recognition, wealth, and status, most traders enter the market with completely ineffective mindsets.
Yvan was no different. As a result, he ended up losing roughly 90% of a $100,000 starting portfolio within a handful of years due to his impulsive and irrational tendencies. Feeling emotionally battered and disoriented, he decided to go on a 6-month meditation retreat. This was an act of desperation, and luckily, the introspective journey ended up being one of the best decisions of his life. After months of exploring and reflecting on the nature of his suffering, he became more peaceful, accepting, balanced and consistent. He now felt like he had a special set of skills to help him take on the market without continuously sabotaging his own results.
What is Mindful Trading and Why is it So Critical to Success in the Market?
Mindful trading is the process of being aware of your own thoughts, emotions, and behaviors while trading. It’s a method of self-observation that allows you to pinpoint exactly what you’re doing right and what you’re doing wrong when it comes to your attitudes, beliefs, perspectives, and actions within the market environment. Instead of mindlessly falling into habits of overtrading in fear of missing out on opportunities, removing stop losses in fear of being wrong, and many other destructive behaviors, you make a conscious effort to become cognizant of your choices. As painful as it might be to discover, change can’t happen without conscious awareness.
This is a paraphrased quote about mindfulness meditation from The Trading Psychology Mastery Course that really stuck with me:
Unfortunately for Yvan and most other traders out there, the concept of mindful trading hits their radar screens a little bit late. Consequently, most traders have to learn the hard way by being emotionally and financially bullied by the market first. Yvan personally experienced debilitating circumstances that almost drove him out of trading forever, but fortunately the stunning insights he acquired on his meditation retreat were the catalysts for turning it all around. Ultimately, he used the market, his trading results, and the contents of his own mind exactly the way he should have – as a feedback mechanism for personal evolution and improvement. While most traders vehemently ignore it, resist it, or fail to even realize it, trading is predominantly a mental discipline.
How Does The Trading Psychology Mastery Course Teach and Support Mindful Trading?
The Trading Psychology Mastery Course teaches mindful trading through lessons, guided meditations, and follow-up exercises & challenges. It’s estimated that only about 15% of people meditate even though it’s one of the most important self-improvement habits recommended by scientists, therapists, doctors, and business leaders. Meditation is a foundational exercise in self-awareness and concentration – not just for traders, but everyone. There’s usually a lot of initial resistance and confusion when it comes to meditation, but it’s a secular practice. It’s simply brain exercise.
Within this course, Yvan harnesses the power of meditation to teach his students how to recognize and understand their own personal mental barriers, become more present, and examine bad trading decisions. There are many misconceptions about meditation – the major one being that it’s about not thinking or feeling at all. But that’s untrue. It’s about changing your relationship with your thoughts. Having thoughts and emotions is a natural part of living, but you can develop an understanding of their impermanent nature and choose not to associate with them if you don’t want to. Overall, meditation has been scientifically proven to reduce anxiety and stress, while increasing self-awareness, patience, focus, and resilience. Sounds exactly like what most people need – especially traders.
Conclusion – Who Should Use Yvan Byeajee’s Trading Psychology Mastery Course?
There are many traders who feel extremely frustrated and inadequate, and it’s usually a mindset issue. They cling to every passing thought and blindly follow all of their impulses. Due to their untrained attention and overall undisciplined mind, their actions are mindlessly dictated by emotions. Some of the common symptoms include not being patient enough to wait for entry and exit signals based on their plans, constantly tweaking stop losses and profit targets, strategy-hopping in fear of missing out, and becoming overly excited on winning trades or depressed on losing trades. These are all signs that their mental framework needs adjustment.
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Those who see the best results from using this course possess two critical elements: 1) desire to change, and 2) willingness to take action. Without these two elements, you probably won’t see an impact in your trading process and results. The desire to change is absolutely crucial because you have to become an entirely new trader. You essentially have to acquire a new self-image and identity – going from an undisciplined and inconsistent trader to a disciplined and consistent trader. And the willingness to take action is what produces the change. Without repetition of mindfulness and meditation practices, you simply can’t internalize the new characteristics you want: patience, balance, discipline, consistency, objectivity, etc. In the end, you get out of it what you put into it.
This course provides the tools for self-examination. It’s geared toward trading, but it also applies to life. It’s entirely your choice how you choose to operate within the market and life in general – mindfully or mindlessly. Make the right decision.
Written by Matt Thomas (@MattThomasTP)
- What is The Trading Psychology Mastery Course?
- What is Trading Composure? Acquire A Heightened Level of Trading Insight
- Trading Composure Review – Learn the Importance of Mindfulness in Trading
- What is 2ndSkies Trading? Change the Way You Think, Trade, and Perform
- Can People Make Money Day Trading? It Starts With Self-Awareness