discipline

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.

Notes 23 September

I remember writing in November 2009 of the year : I have a choice now, continue to drain money and spit on everything or return to disciplined trading and stay in this business. /vremya-zhestkix-mer-chast-2 / I would not like to return to such times, so you need to work harder and better fulfill your ideas: I started thinking about money again, not about smart deals. (You can not earn by focusing on the desired amount ) Stop opening trades once and for all in the first hour The best trades were for the continuation of the trend, not to turn it around. (You can catch a reversal of the stock, but it is very difficult and becoming unprofitable lately )

Notes on 4 august

Results of a Small Experiment : Strict adherence to the trading system The results are very impressive. Out of 2 weeks of adherence to it, there was only one minus day small. True, initially it was a minus at the beginning of the day, but this is due to the fact that I traded in the first hour. According to its results, it surpassed the best month in 2 Times, but then he broke down and could not strictly follow the rules and lost more than half of what he earned through his own fault. conclusions : Observing the Trading System, you can achieve phenomenal results, the main enemy is discipline and emotion. The main problem now is this, not in the trading method. Notes: Do not raise positions too aggressively, best to increase gradually by a third, not in 2 times more. Discipline is gone, stupid deals appeared. We must return to the old style. The market gradually calm down, the season of reports is coming to an end

Results of the past week 7.12 – 11.12

The week I got back to zero. Just started experimenting with fat stocks and huge volume, but on other days, following my trading strategy, I got a good plus. I will try to trade more consciously using an additional strategy and less volume, until I understand my pros and cons. It is necessary to strictly observe discipline and trading strategy. There were no major mistakes, but the additional strategy took profit from the main strategy. Slowly my trading is normalizing and getting back to normal, then everything will be fine -)

Time for tough measures (part 2)

My trading keeps getting worse and worse, because discipline is gone. I start trading from the very opening and feelings prevail over me. I can't stick to my rules and I'm losing money. Not trading, and some CASINO. From tomorrow I don't open the terminal until 10:20 and I introduce rules similar to the previous ones , but slightly changed. I have a choice now, continue to drain money and spit on everything or return to disciplined trading and stay in this business.

Trading & Gambling. What's the difference??

I grew up in a small town near Las Vegas.. One summer, a group of teach lei decided to work part-time in a casino while on vacation. Fun for fun, они объединили свои деньги, To view, what's going to happen, if they constantly play on a machine with one lot to the jackpot. They lost about a quarter of their money.. This story shows that, what we all know so. Non-professional players will never be able to leave the casino, even with a zero balance. Free alcoholic drinks, entertainment, lounges are the only goal for non-professionals, who come to the casino to relax and lose money. The casinos are arranged like this, that the probability is always in their favor. Everything, what they need to do is wait, let people play and stuff their safes with cash. Playing casinos can be fun, if you know, how to limit your losses, and when to finish the game. If you don't manage risks, trade without a reliable trading plan and trading strategy, trading is an activity similar to playing in a casino for the sake of relaxation.

Three myths about the psychology of trading

Brett N. Steenberger – Ph.D. and Professor of Psychiatry at the Medical University of Syracuse, PCS. New York. He is also an active trader and writes articles on market psychology.. book author «Psychology of trading» 2003G., Dr. Steenberger has published over 50 articles on short-term approaches to changing trader behavior.
«My job as a market psychologist allowed me to see those factors, That […]

No discipline, no profit !!!

Not sticking to my trading system in the last two weeks, chased big profits and received it temporarily, but it was followed by large and stable losses as a result of which my account confidently crept down.. Why develop a trading system if you do not follow it due to a violation of discipline and a thirst for quick profit.

Trader's trading styles

To make good money trading on the stock exchange, you need, so that your trading style matches your personal character as much as possible, circumstances, Experience. If a trader has a penchant for one style of trading, then his results in a different style will be much worse, up to negative. It's like working in a position you don't like.. Therefore, it is so important for a novice trader to know his niche in the market and act in his “own style”. Then synergy will work, and trade efficiency will go uphill. WHICH STYLE OF TRADING TO CHOOSE?

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