Copyright © by Norman Hallett. All rights reserved.
Rev 02-20050310
No part of this publication may be reproduced, stored in a retrieval system or transmitted
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Disclaimer:
Mental Fitness For Traders makes no consideration toward your financial circumstances.
All material presented within is not to be regarded as investment advice, but for general
informational purposes only. Trading stocks, futures, forex, and options does involve
risk, so caution must always be utilized. We cannot guarantee profits or freedom from
loss. You assume the entire cost and risk of any trading you choose to undertake. You are
solely responsible for making your own investment decisions. Hypothetical or simulated
performance results have certain limitations. Past performance is not necessarily
indicative of future results. No stock, futures, forex, or options method can guarantee
profits. The risk of loss exists in stock, futures, forex, and options trading. Profits Run, its
owners, or its representatives are not registered as securities broker-dealers or investment
advisors either with the U.S. Securities and Exchange Commission or with any state
securities regulatory authority. We recommend consulting with a registered investment
advisor, broker-dealer, and/or financial advisor. If you choose to invest with or without
seeking advice from such an advisor or entity, then any consequences resulting from your
investments are your sole responsibility.
Table of Contents
Foreword by Bill Poulos ..................................................................................................... 4
1. You’ve Got a Great Trading System… So Why Are You Losing?................................ 5
2. Limiting Your Winners and Letting Your Losers Run? ................................................. 7
3. Could This Be The “Huge Winning Trade” You’ve Been Dreaming Of? ..................... 9
4. Coping With Losses: A Major Key to Successful Trading........................................... 11
5. Are You The Turtle Or The Hare?................................................................................ 13
6. I See The Future And The Successful Trader Is Me! ................................................... 15
7. Yum! The Seasoned Trader Feeds on the New Trader................................................. 17
8. Risk Capital? At Least You Thought It Was. ............................................................... 19
9. The Force is Within You, Luke. It’s Not the Trading System..................................... 21
10. Manage Your Workspace Correctly and Good Things Happen. ................................ 23
11. Need Help With Your Trading? Talk to Yourself!..................................................... 25
12. Heavyweight Bout: You vs. The Market… Take Notes! ........................................... 27
13. Forget Gurus… Your Experiences Are The ONLY Ones That Count....................... 29
14. Trading Is a Thinking Man’s Game: WRONG! ......................................................... 31
15. Trader’s Expo Report… Zombies Among Us ............................................................ 33
Mental Fitness For Traders Page 4
Foreword by Bill Poulos
In this compelling report, Norman Hallett has exposed the missing link to true trading
success; that is, training the mind to a level of mental fitness (and toughness) to the point
where the trader is able to keep his emotional tendencies in check while trading. This is
no small task, but it can and is being done by all successful traders. In fact, it is virtually
impossible to be a successful trader without it. Why then do most traders (losing traders)
only pay lip service, if that, to this important subject?
As Norman points out, they are so focused on finding the “holy grail” of trading they
completely ignore the most important variable; that is, the trader himself and his ability to
trade with discipline, no matter what. You see, the losing trader embarks on an endless
cycle of going from system to method to guru only to meet with frustration over and over
again. And never looks at himself as the source of the difficulty.
Norman takes the trader on an odyssey of the many ways that the mind, in the absence of
the proper training, will conspire to work against the very success that the trader is trying
to achieve. He then gently leads the reader to consider facing up to this challenge as the
number one priority on the road to becoming a successful trader. If you sincerely want to
become a successful trader and are willing to act on that desire, I believe this report has
the potential to change your life.
Good Trading,
www.instantprofitstoday.com
Copyright © Norman Hallett
Mental Fitness For Traders Page 5
1. You’ve Got a Great Trading System… So Why Are You
Losing?
You’ve done your homework.
Countless hours of seeking out the right guru (or
piecing together your own system). Weeks of
monitoring your guru’s daily trade picks (or paper-
trading and back-testing your homemade system).
You’ve done it by the book.
No seat of the pants trading for you!
OK, now you’re confident. It’s time to put your
money where your homework is.
You’ve had your coffee and your first trade signal is
before you.
Confidence high. Trade made. First loss. Not a problem.
You understood before you started that successful traders both win and lose and “losing
is part of the overall winning”. You’ve also heard more then once that “successful traders
don’t win on every trade.”
Moving on, still confident. Next trade made. Another loss, but…
This one hurt your pride a little because you got stopped out early in the trade, and then
the market rebounded and would have hit your profit target if you weren’t stopped out.
You double check.
Yep, you placed the stop where your trading system told you to place it.
You kind of had a feeling that the early weakness in the market was just profit-taking
from the previous day’s trading, but you’re trading a system and you must stick to it.
Wounded, but resilient.
After a good night’s sleep and a few mouse clicks, your new daily trades are in front of
you.
Hey, this one looks good! It’s a little bit more risk than yesterday’s trades had, but look at
that profit potential!
With a smiling face, the trade is executed. With a nice start to the trade, you’re feeling
good and you’ve moved your stop to breakeven, just like your system said.
Copyright © Norman Hallett
