Hello, friends!
Financial markets — fascinating environment! Here and politics, and economics, and all sorts of force majeure. Bullish trends, bearish. Crises and shocks. Ups and euphoria. All these charts, quotes, thousands of shares, Papers, currency pairs, Goods.
Communicating with colleagues, studying my inner world, I discovered, that we often get in the way of internal conflict, consisting in, that some of us try to sit on two chairs. Moreover, this conflict does not arise by itself. — it is nurtured by all novice traders from young nails.
It works like this: trader приходит на рынок. Everything is new, everything is interesting to him. He begins to observe and notice, that more experienced speculators are trying to form their own opinion about, where will the price go. Someone is guided by fundamental analysis, someone for technical, someone trains intuition. If the trader is right — his forecast brings money. If wrong — money is lost.
And then the trader starts thinking, what to be right and earn — одно и тоже.
In fact, it is not so.
If I think logically, it only means that, that i'm not crazy, but does not prove at all, that i am right.
Ivan Petrovich Pavlov
Besides, sense of righteousness, when the public forecast turned out to be prophetic, makes a person feel euphoric. Hence all these predictions and statements on the forums and resources of traders with loud headlines. Usually, long-term forecasts for a long range are welcome — new peak or epic fall, sudden reversal, throw on several pieces. Some people seek this very sense of rightness and community acceptance..
You can be right and lose money. Examples:
– the trader correctly predicted the direction of movement, but put a short stop, which worked and kicked him out of the market at a loss
– the trader did not put a stop, but opened a large position, so I caught MK and was left out of the market and without money, after which the market went «в его» side
– trader opened a position, she hung for a month, then in + then in -, as a result, the trader got tired of waiting and closed the position, after which the market went in his direction and passed 800 пп
– etc.
You don't have to worry about truthfulness and just look for opportunities for speculation and profit..
– scalpers don't care about the fundamental, they do not predict price movements — they are just trying to pinch off a couple of pips from the market noise
– some traders trade without a chart at all. They open poses on a coin and just monitor the situation., use trailing stop
All in all, я хочу только сказать, that the co-owner of Smartlab Timofey Martynov, who can talk very interestingly about the markets (worked for RBC) therefore gets permanent losses (article ), that does not understand the simple truth — be right and make money — Different things. If you trade — think only about profit, don't predict. Better to take on 3-10 points almost every day, than wait, when your forecast comes true and you earn 500 пп.
Sometimes knowledgeable people say to young and obstinate newlyweds — you wanna be right / oh — or be happy / oh?
God bless you, at least until the next blog update
