readers

Readers' letters

Almost every day I receive letters from my new readers with praise and questions., which makes me very happy and see a constant increase in my audience. Of course I answer everyone their question, but I would like to write to the NYSE Traders Forum,NASDAQ , AMEX because. many will see the answer to your question and perhaps find the answer for themselves. Here is one of the usual letters : Cool blog!!! It's a pity that I didn't find it before. You, one might say, opened my eyes. I was already disappointed in trading, how did your notes help in time?, especially about trading after 1 o'clock. Probably because I'm too young, and emotional, “flew in” in the deal in the first minutes and me strongly “there were”. All the same, it is better to study first. And if you can, you can tell newbies to focus on one stock or a few. I read somewhere that it's better to be “narrow-profile” trader. Can you share your opinion. Alex: If you read my Rules for Trading in the First Month on the NYSE , then I already mentioned, that in the first hour I do not advise beginners to trade. Also, in the beginning, you need to learn how to make the right deals and better concentrate on one deal., and then go to several open positions.

About movement

I have motivation problems. Somehow I don't really need money. Not, well, it's cool there, by car, certainly, to ride, and not pushing in minibuses, etc.. But the truth is, what i can with pleasure, there is a noodle (not every day of course) and I do not strain at all from that, that my jeans are worn. Furthermore, I really like old clothes. She served me for a long time, and I am very reluctant to part with old shoes…

Undoubtedly, my family are those, for whom I am trying to achieve more. But misunderstanding and not a desire to understand (at least, not showing symptoms of a desire to understand) specifics of my occupation, to put it mildly, do not add motivation. But in fact, also counteract growth.

Improvement in results is directly related to prof. ростом. And it is almost impossible to develop without proper motivation..

Once I decided to try to go the other way. Two factors: increased sense of responsibility and understanding, that your own reputation is the only thing, spoiling which, no way back. So these two factors pushed me to, to make the diary public. And I started to cross-post him in LJ.

Despite the fact that, I'm a noob. I was made friends (and maybe even read) more than fifty traders. How will I present them in real life… it's a whole audience! Furthermore, there are those in the audience, whom I personally respect. Those, who did I read, when I still didn't know how to set stop-losses. And I feel a lot of responsibility, carrying your thoughts and considerations to the public.

I'm really uncomfortable, when I hit jambs and have to write about it. It seems to me, what did I fail, did not live up to expectations or just wasted someone's time.

I look at my trading background as a tuition fee. I consider my present a probationary period. And who I will be in the future - another nobody or a part of five percent - I will find out in a year.. But today I choose to be a professional. I'd rather salt the deposit at stop-losses, but i won't have, not a single accidental entry. Briefly speaking…

An important point. I declare. From now on, – no shit trades. Short rigid stop always available (already). Signal-only inputs. Market averaging only. Etc… In short, I will trade like this, as if I have a holiard of other people's money on the deposit. Maybe, this will grow my mini depot, and I will move on to serious work in the market.
I want to believe, that one day, they will talk about this place: here is the diary of a professional trader, who recently was one of a million non-traders. On a brisk path. (;

PS.
Taking advantage of, случаем, thank everyone, who reads me and especially those, Who writes! You motivate me, thanks to you i try to be better!

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