In general I loathe fast talking psychologists selling expensive services with little or no evidence that their services will work, or are even applicable to the trader's circumstances.
And I know this guy is out to sell, if for no other reason than he does not offer replay recordings of his webinars. Advanced psychological concepts take months or years for assimilation. So why not offer replays, Randy?
His "mindful trading" concept is a nice re-packaged "zone". It's in the middle ground between avoidance and attack.
The zone you want to be in is tough to do as a trader. Really tough. That's why the vast majority lose in trading -- especially if day trading.
Think about how hard it is to be risking a lot of money in total uncertainty. How many people would buy a car if the odds were 60% that it would be the color they wanted? The mind HATES uncertainty and therefore, buy default, runs on avoidance. You literally have to override all of your brain's natural tendencies to freely express your edge (taking trades).
Now the perfect flip-side...
Next, contemplate how easy it is to get frustrated when risking a lot of money in the cesspool of uncertainly? Seriously, most folks go nuts on cue. Life or death stuff. Fight the f'ing market until there is not a cent left in the account!
Again, it can take years to swim up stream from the mind's hard-wired tendencies to attack (go nuts) in such a perfectly spinning whirlpool.
The hard-wired coping mechanisms of impulsive and revenge trading (really the same thing) are utterly perfectly evil in nature. And just a click away. Or just two dozen clicks away!
So if some destructive trader drops 5k on Randy, and maybe can save himself from blowing up an account, then so be it. It's not a perfect world. Selling psychological services to traders is about as non-cyclical business as you can get.
The day's action....
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