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How to recover as a trader during a losing streak

Most of the material is already for traders who have been trading for more than a year and have started trading in a plus, but beginners will also have useful moments. This course is designed for people who are broken and lose heart., no desire to trade anymore and do not believe in themselves. For my almost 3 years of trading on the NYSE were 3 times black bars and I was recovering from them . The most important thing in trading is your emotional state.. You must be in harmony with yourself and have confidence in your actions.. Often people start working on mistakes during a losing streak., but they are not psychologically ready to earn.

Poker horizontal bar “Poker vs Trading”

Poker vs Trading will take place this Friday . Poker players will fight against traders, let's see who has a better strategy. There will be invited guests Nikita Lebedev and Denis Krasavin and famous traders. Подробнее ознакомиться можно тут

Trader career – myth or reality?! (Traanan)

Many people ask more than once, how i became a trader. It's a very short story. Everything was simple, one fine day i woke up and realized, that I am a trader. I studied at the institute for 3 Know, I was engaged only in studies and at that time I passed the session only for fives. I've always been on you with math, which helped me to better understand both economics and many other things. One day in winter 2005 I accidentally got into only, that the newly opened company A&G world capital on st. Mikhailov in St. Petersburg. I didn’t mean to work, and on business I went into their office and saw, what's the trader's office. As a result, after a while I went through training there and already in March of that year I sent an order for the first time. The first share, in which I planted with my eyes closed 100 market buy shares, was a stack of a Brazilian metallurgical company with the ticker RIO, now it's VALE. I've lost 11 Doll., but the shock was so, as if I was told, that I am Harry Potter. Further about 6 the struggle with the market for a place in the sun lasted for months, he taught me and I did not forget to use the lessons learned (Further….)

Not a jeweler

After a couple of days I still understood, that short feet are not mine. Before, I didn't really bother about my feet, though 5 cents or 14 Cents, and when he began to try to go everywhere at the ideal price and with minimal risk they began to distribute them too often. Because of this, good deals were closed. The most important thing – this is a good stop, even if the price has slipped and there is no need to try to reduce the risk every time where it is not possible. Back to normal trading with stops 5-15 Cents, but I increase the minimum potential in stocks to 60-70 Cents. We need to improve the selection of shares, look more for stocks with good potential, close to levels and a clear trend. My main emphasis is on technical analysis., but now I will read the news more attentively and study the companies.

Notes on 19 november

Strict discipline pays off: Deals are smarter and more selective. Number decreased, but there was quality performance. Feet are smaller and less frequent. The main task now is to continue in the same spirit and the result will not be long in coming. I plan to increase the number of winning trades to 40-45%, Right away 30-35%. Increase risk / profit 1 to 5-8. P.S. In the coming days, we plan to reduce the cost of the trading platform and the fee for dedicated servers for those wishing to open an account on NYSE through us .

Nasdaq Day Trading Simulator

Found a very interesting NASDAQ trading simulator. The data is taken for the last 25 days, so choose any day and trade. Unfortunately, you can only open 1 Position. Registration is required, but it's easy there. The feed and charts work. Good toy for the weekend :)

The beginning of tough discipline

Finally, I recovered, you can return to trading. Now I want to tighten my discipline and start trading only according to my trading strategy. Here are some small rules : In the first hour I do not trade and at lunchtime Only according to the trading plan Risk profit 1 to 5 Stop 5-10 cents Potential not less 50 cents Only familiar patterns Only trends Smooth stocks Adequate

Hone discipline

During all this trading time, I have made thousands of mistakes., know my strengths and weaknesses. I lack attentiveness, discipline so as not to repeat them. If I can cope with the fact that would not repeat the mistakes, then my results will improve greatly. In most trainings, for breaking the rules, you set yourself some kind of meaningful punishment and I also need to come up with something like that. Yes, the loss of money is already a punishment for making a wrong transaction, but I take it for granted, that you can't get away from the cons, anyway, any plus will cover several negative trades.

Learn my mentor

Not so long ago, my mentor Anton (traanan) who taught me to trade on the NYSE started a magazine in LJ. I advise everyone to read it, a smart and experienced trader. Here is his short video, the rest you will find in the blog : http://traanan.livejournal.com/

A small video of today's trade

Nothing special, so trial recording :) In livejournal.com video is not displayed Vkontakte video quality is worse than on youtube.com, but there only half fit. Don't forget to supply the highest quality :)

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