Ten tips for beginners

Since stock trading is an entrepreneurial profession, which requires, so you risk your money, to make money, it is worth adhering to a rational conservative approach in relation to the markets. Following are some tips for traders, who are preparing to plunge into the pool of trade – with our main focus on preserving capital (and reason), and not because, to get rich quicker. 1. Don't rush to trade. Markets will exist tomorrow, next week, next year and next decade. Don't worry about, what, while doing testing and mock trading without real money, you can miss the movement, once in a lifetime. There are always opportunities somewhere – you have nothing to lose, investing your time in education and training. 2. Don't trade for no reason. When you, finally, start trading, don't trade just because, What do you feel, what should do it, or out of boredom, or under the influence of a gust. Risk your money, only when you see the facts, confirming the existence of a favorable trading opportunity, and you have a plan, with which you can take advantage of this opportunity.

Black Wednesday

I lost the most money today, for my trading career, so I'll write a post about yesterday's auction tomorrow. I hope for MOC, I will fight back and close in a plus. I'm not upset, just a little unpleasant, but this happens with us.

Conscious trading

Understanding the Truth Trading – game of probabilities. Imagine, that we are flipping a coin. Eagle – i win dollar, tail – dollar you win. It's that simple. Heads and tails will fall half the time, and we both won’t win, neither lose. However, imagine, that secretly from me you slipped a counterfeit coin. For every 100 throwing eagles fall 49 once, and tails – 51. You now have a money printing machine. Baptize him “Reshka Trading System”. Everything, what you need to do – sit and always bet on tails. Finally, You win all my money (and any other, who will sit with you to play). Any real trading system gives you an advantage. Favorable slope. Something, what will happen sooner, than not. No matter, which system you are using, Whether, for example, breakout patterns, trend following, Fibonacci, moving averages, channels, oscillator signals, Bollinger Bands, swing trade, opening gaps… You rely on a positive slope. Essentially, система торговли говорит, “when ‘x’ happens, за ним обычно следует ‘y’”.

Quotes about the exchange and trading(Gerchik)

It all depends on the time, which you enter, usually after 11, when liquidity leaves the market a little and there are no more big players on the market before 14.00, then this is really what happens ... the answer is one: you need to trade aggressively with 9.30-11.30 and than, somewhere with 14.30 and all the way….in the interim 11.30-14.30 you just need to look for potential customers (stock), to after 14.30, when the general direction of the market is determined, you were already in the stream… There is no market crisis, the worst for the market – it is the absence of LIQUIDITY AND VOLATILITY, and then, and there are other things on the market now. Before the exchange opens, you can make trades, sometimes for 2-3 hours before opening and after closing, no restrictions. All transactions are carried out on ecn. …Slanted lines work just as well, as well as horizontal, therefore they do not need to be discounted. It's just that horizontal lines work well within the day for identifying levels., but inclined and within the day, and on daily charts for the trend.

Silly mistakes…

There was nothing to do on OPG today, no ideas and signals, so i didn't do anything. Intraday : TIF : Tiffany & Co Sector: Services > Industry: Retail (Specialty) Selling after breaking yesterday's low, with little risk. The stock moves a little inadequately and jerkily, for this on 1 green candle covered half of the position and it rose a little high from the bottom. In general, not a bad trade, sorry for the whole position could not sit out. Potential: 1,5$ ( real 1$) Risks: ~10C Ratio : 1 to 10 Mistakes: all is well :) PBG : The Pepsi Bottling Group, Inc. Sector: Consumer/Non-Cyclical > Industry: Beverages (Nonalcoholic) The worst trades of the day were here., in the beginning sold in the hope of a miracle, and then bought without much hope for growth. Mistakes : we need to stop shorting shares that opened with a very large GAP, they rarely go down after it.…

A little poetry about our work

He is a trader. Briefly and clearly. You will immediately understand what kind of person, Selling his soul to the devil in vain For a fleeting chance to catch success. And look, and gestures, thoughts and deeds Everything speaks for that, that he is different. He is not turned on by the thought of a skirt., He's in the market. He has no control over himself.

Quotes about your trade (Gerchik)

Our trading is based on homework, which we do before working day …From there we choose 20-100 shares to trade on a given day, during the day, when our ideas play out, we look at filters, besides, always different… So it is unlikely that someone is bothering anyone here.… Our systems are not automatic, trader – main factor… …Understand one thing – I'm not the best and never said that. I have friends traders, who earn in 10 times more, than me… I don't make myself a super trader and understand, that there are only a few super traders in the industry… I'm just very good, break even, earth trader, who can teach others not to lose or make trading a profession and a permanent income…That's all.

Option exercise day( April )

Today is the exercise day, which means that we sell DJ – OPG promotions. OPG : sold basketball to dj shares, out of 22 got only 15 things. This is the first time I consciously do OPG on the day of exercise., I did it a little wrong, it was necessary to cover part of the position as the shares were issued, and I was waiting for a profit on the general basketball. BUT nothing the first pancake is not lumpy, earned and okay, next time I'll be smarter. Intraday : OMG : OM Group, Inc. Sector: Basic Materials > Industry: Chemical Manufacturing There was a clear UP trend on the daily chart, the stock broke through the high of today and could safely rise to 30$ Potential: 2.5$ ( real 2$) Risks: ~5C Ratio : 1 to 40 Mistakes: It was necessary to gain more position, risks are small, great potential.

Trading Success Quotes ( Gerchik )

Trading – this is a synthesis… can't speak: “I will only trade this way, or only so”.. The thing is, that every week the market changes and you need to adapt to it… If you only trade one strategy, it will be hard for you… In my opinion, you started trading very fast and volatile securities.… I guarantee, that this will not lead to good… You need to learn on calm and smooth promotions… Dima knows, how do i feel about averaging….it is absolutely forbidden to do this N I K O G D A. A professional trader should always trade, everywhere and in any direction. Usually a good deal will close 5-6 unprofitable… Вначале, when do you start trading, there should be very few transactions, and they must be of very high quality.

Aphorisms about the Exchange

There is no model, which would predict the direction of exchange rate movements much better, how can this be done by tossing a coin. What is the difference between a broker and a boxer? The first one is fixing bucks, second – boxing on fixes. Big money corrupts, Small – embittered. I want a lot, a lot, a lot of average money. There is nothing more bitter, than looking at a trader, which instead of, to, having a titmouse in weary hands, close in time and go to sleep, by the morning, the bitter tears of unfulfilled hopes are smeared on the sweaty face, looking at the crane, floating high in the sky towards the house, where Mr. J. Soros lives. Nothing builds trust between partners like that., how 100 % prepayment. According to our analysts, the situation in the stock market is stabilizing: uniform fall will become uniformly accelerated. Economists, making predictions, are divided into two classes: they, who don't know, what's going to happen, and they, who don't know, that they don't know it.

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