Tired of stocks, futures, options and currency pairs?
I present to your attention a new tool – .
The largest American financial services company Cantor Fitzgerald announced that, that in a month she plans to launch a futures exchange, which will allow investors to bet on, what box office the film will collect in the first four weeks of distribution. The essence of this process will be as follows: before the release of the film, a forecast is formed regarding the rental fees. After that you can buy a share (равную 1/1000000 the amount of the forecast). If the actual fees turn out to be higher — You've earned, if lower — you lose (if a, certainly, you didn't sell shares «в короткую»).
Website works now, however, so far only accepts virtual money.
The company hopes, that such contracts will be popular among a wide variety of investors, from ordinary moviegoers to serious hedge funds.
How to learn to hold three open positions at the same time? And five or ten?
The answer is simple.
Here, like in sports.
Тренировка.
When you first go to the gym, and see how the athlete trains, you are confused.
“Christmas trees… Yes, he does this. His dumbbells weigh from me… How does it withstand such loads?”
When I first started bodybuilding, didn't understand either, how to withstand this.
But then I got involved in the process, trained long and hard and now a lot of people are fucking with that, how I train myself.
Вот и в трейдинге так же.
First one position, then two, three. Quietly, a breakdown can occur and you will return a step or two back – from four to five positions to one or two. But gradually recover, return to the previous peak and gain a foothold there. Etc. Over time, you will develop a craving for new achievements.. Instead of a feeling of fear, there will be excitement and a desire to achieve more.. Then there is little to stop you..
Main – live up to this. Don't give up then, when you are not yet strong.
Remember one thing – if you hit one point for a long time – exactly punch. Need time.
Now I look at my deals and don't understand, how could i be so dumb.
The reason is terribly commonplace… Relaxed.
The trade has been superb lately, with a colleague began to consult novice traders.
And just loosened your grip.
Plus a man left our office.
Conclusions made.
Gathering knowledge, experience and will in a fist.
The blow was strong, but not fatal.
Let's break through!
P.S. Still I'm glad, что так получилось. Such periods are great invigorating., the creative process begins And, usually, you start trading even better, чем прежде
I often talk to traders and think about blinders, which inexperienced traders wear.
You must see the general market situation.
What moods prevail now, how the market reacts to news and so on.
You can't help but follow.
Your long in a falling market will collapse in most cases, even if the schedule is very beautiful. Or you see a short situation and a huge offer, and the market is turning, it can be easily demolished. Or will it be just a takeaway.
We – traders, working with probabilities. Our task is to find that situation, where the odds will be in our direction. If you go counter-trend, they go down significantly..
Here, when you walk down the street and see the crowd, which is moving in your direction. Что вы сделаете? I doubt, what will you make your way. Then why do you act differently during the auction??
You need to pay attention to everything.
Don't wear shorts, see, try to understand the market situation and get into resonance.
This is the only way you can start earning.
you can say, something, what did I say, terribly trite.
Absolutely accurate!
But people don't stop making this mistake and pay dearly for it..
I receive messages asking me to tell you more about the principles of risk management.
I believe, what is the main thing – tight control. Amount of deals, traded shares and clear stop loss.
If you are properly restricted – you won't lose much for sure.
The problem with overtrading disappears altogether.
Your Net is clearly linked to Gross’ y. If one grows – the other will not stand still.
Для начинающих – just super!
Broker jointly with A. Gerchik developed an interesting system for trading in the American markets.
More experienced people can customize it for themselves., for other markets. Beginners should follow it clearly..
In our office, several people have remade this program for themselves.. The effect is noticeable.
The program itself:
1 stage – 1 Sunday. The trader is put at risk for the day 9$, autoclouse 10$, дается 600 шерс (i.e, if the trader's first deal is positive, then he can still do 1 deal, if plus and second, it can do the 3rd, if the trader made the first trade negative, at the same time did not even reach minus 9$ – should stop trading).
Upon successful completion – transition to the second stage.
2 stage – 2 weeks. The trader is put at risk for the day 10$, autoclouse 15$, дается 1000 шерс (that is, the trader can do up to 5 positive deals). Allowed 2 минусовые сделки, after 2 minus stops trading, even if it has not reached the stop loss.
Upon successful completion – переход на 3 stage, with negative net – переход на 1 stage.
3 stage – 4 weeks. The trader is put at risk for the day 15$, autoclouse 20$, дается 1400 шерс (that is, the trader can do up to 7 positive deals). Closes with 3 negative trades, even if it has not reached the stop loss. Upon successful completion – transition to the 4th stage, with negative net – on the 2nd.
P.S. do not write angry letters. Nobody imposes anything on you. I believe, that it can help many. Не нравится – don't follow.
Also important: если вы видите, that you are doing great and the statistics are in your direction – try to increase the number of transactions.
This system is for people, who are just starting.
Ideally – you must understand yourself, what do you do best, which is worse and create your own system tailored to your personal pros and cons.
Read an interview with bodybuilder Tom Platz and one moment really wanted to publish in my LJ.
Think, it will be interesting to you too.
Tom was asked a question about, what does he think of Arnold Schwarzenegger. His answer was as follows:
“Arnold's secret is, that he never played roulette with himself: попробую, maybe it will work out. Any business he planned, as a commander the battle. First – it is correct to assess the enemy. Second – place your forces correctly. Well, then it remains to mobilize the will and attack. The outcome of the battle will depend only on your fortitude, and this is the main prerequisite for victory. By the way, I've never seen, for Arnold to gamble. He did not like to depend on blind circumstances for anything.”
A couple of days ago, a trader told me a Buddhist parable.
“A young man comes to an elder and asks to teach him how to meditate. He answers him, that first you need to learn to see the world like this, какой он есть. The young man agrees and the elder brings him to the pond and asks him to say, what does he see there. At first he saw only a small fish there. The elder instructed him to sit and look further.. Every day the young man began to see more and more…”
There is a great parallel with trading..
Until a person learns to see the overall picture of the market and understand it – it will be very difficult for him to achieve real success.
The path to success is very similar to this parable..
At first we see just graphs, then levels, then the actions of large market participants and so on.
Someone won't have the patience for this. So this is not for you. It's OK – there is still a sea of things, which you can do besides trading.
How many trader blogs I don’t read – it's the same everywhere. CU, heaps of graphs, attempts to analyze. But the main thing is not – how to survive, how to keep fighting spirit. It's a pity, that I cannot create a separate section for these moments, will have to write just like that.
I have not found a description of that, how experienced traders deal with dips, cheer themselves up. But this is much more important, than everything else. I will say sincerely: sometimes I go home and think: “What I've done?”. Psychological diary and clear statistics helps. I will speak out in the diary. Then I will look at the printouts of transactions, I will compare and find a way out. How other traders live without a diary – who knows. Not surprising, that only five percent survive. The rest just drown in …
Communication with experienced traders also helps.. You will talk and understand, what's in your problems you are not alone. That others have been through it all. Everything, What do we have to do – go, don't give up. As the old wisdom says: “the road will be mastered by the walking”.
If traders unsubscribe in the comments to this post about, how they deal with stress and failure – I'll be very thankful. I think, yes, that not only me :) Alone will not survive – need a team.
Traders, if you are too lazy to leave comments – write a post on this topic at least in your blog. It will really help people. Much more, than your analytics and heaps of charts.