education

About trading and related emotions

This post is addressed to young traders, but it may be useful to others.

Trading – this is not a part-time job, and real work. Very heavy, but incredibly interesting.
You can't come here for half a year or a year. Only for a long time.

Training can take a huge period of time. We are all different people.
I, for example, used to be fond of bodybuilding, so very disciplined and emotion for me – little problem.
Someone emotionally will be harder., but he is easier to master the technical side.

Anyway, you need to give yourself time to study.

Decide for yourself – are you ready to come into trading and stay in this profession? 

If not, then you better not go to this profession. Nothing good will come of it.
Probably, you have a bad opinion of him.

It often happens., that a person comes to this job and begins to make profitable deals almost immediately.
But it's too early for him to rejoice. Actually, his success plays a cruel joke on him.
This person can easily star and merge after a while..

Main, what young traders need to understand – you came to work. Not many years, you can safely spend a year or two studying.
Work your hardest. Even if you make money right away. You cannot relax.

The better you are at trading – the more you need to limit yourself, punish and not let loose.

What I want to tell people over twenty or thirty years old – the road to this business is not closed for you.
You may feel sorry for spending several years of your life on another study..
Again understand – trading is not a clear science, there are no iron rules.
Your three higher educations won't mean anything here..
Many very rich people came here, who have built their business in other areas, and lost.
There are completely different laws. You need to learn completely different things.. It takes time..

All you need to decide is `` seriously and for a long time" or "a little bit".

If you chose the first – then someday you will succeed. If the second – choose another profession.

Breakout trading

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Risk can be predicted, but the reward defies forecasts.

Even if there is only one unshakable rule of trading, then it should be the following: – "Stick to your own stop orders". Before each entry into the auction, you must know your pain threshold.. This will allow you to always be confident., that you are in control of your losses and will not give in to emotions while trading.
Working in the field of trading is very hard – here much […]

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Created a new LJ community for people associated with the New York Stock Exchange to share their trading experience on it, ideas and news. Anyone can write their material in it, ask a question of interest and find an answer to it. We no longer have to search for information all over the Internet, everything you need to trade on the stock exchange will be in 1 place . The group is brand new, I'm waiting for new active participants and a little PR from you, but most importantly active discussion of new topics and issues. New York Stock Exchange Investors and Traders Club

Smart thoughts of successful traders

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