Market “guru” appeared from that very moment, how people faced the market. IN 1841 the classic book on market manias, "Extraordinarily Popular Misconceptions and Crowd Madness", was published in England. It is still being republished today.. Charles McKay describes tulip mania in it, boom in the South Seas in England and other massive manias. Human nature changes slowly, and today new manias, including the mania to follow “guru”, continue to reach markets.
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
The mental attitude before trading is very important for profitable trading.. When you are in a good mood and feeling well, your results will be very good even in a bad market., but if something bothers you or feels bad, tired or whatever, even in a good market, there are many chances to end the day in the red. You should always tune in before trading, throwing everything out of your head.. So that nothing bothers you, it is necessary to form the right attitude to the market. The market doesn't owe anyone anything! It's foolish to think, if i bought this share, he MUST grow. She SHOULD NOTHING. You only have probabilities. If events do not develop according to your scenario, immediately exit the deal. No need to get attached to what you want. It is necessary to adequately and soberly assess the situation. It's impossible to be right all the time.. We are all wrong. Our calculations are not always correct. Know where you will stay. Never lose control of a situation, create rules. Treat as profitable, as well as unprofitable transactions. Profit and loss is an integral part of our work. And the only task is to have more profitable trades. Move away emotionally from every trade and every day. What matters is the result at the end of the month.
Yesterday and today the market stubbornly moves to the right, but not up or down. Everything is worth it and there is nothing to trade, I don't like these days, only money can be lost ...
Analyst WSJ: Traders Kill Undervalued Investment Strategy Long Before 1 June, dates, to which General Motors was officially declared bankrupt, it became clear, that nothing can save the American auto giant. Nevertheless, the company's shares all this time were traded in the area $1 for pike. Wall Street Journal Analyst David Weidner (David Weidner) wonders, why this happened and GM securities did not lose all their value.
The reporting season is over and the market is starting to calm down. It seems that there will be no serious news in the near future.. Soon the shares will go flat, it seems to me if nothing happens, which is very bad. There is practically nothing to trade. This may interfere with the achievement of the goal for May.
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.
One person won the lottery 50 million and went to an investment fund. The specialist advises: – 10 million invest in bonds, 10 million in “blue chips“, 10 million in risky stocks, 10 million in real estate, and on 10 million buy rockets and fire on the Arabs. – Why?!! – the lucky one is surprised. – I do not know for sure, – specialist answers, – but the Jews do just that. Stock analyst and broker collide at the elevator. Broker (maliciously): – well, even now you will say – up or down? Analyst Response: – We need a clear definition on which floor we are now. In any case, we will not rise above the roof, and don't go below the basement. Although it is possible that, that the elevator gets stuck or the direction of travel changes due to an emergency.
Here are the rules from various sources., thoughts, the views of real professionals. 1. Treat losses as tuition fees. 2. Never enter the market, if losses exceed the established limit. 3. It is very bad to miss a trading signal – big profits can be missed. Every trading signal must be used. There is protection against losses – stop order, but against a missed opportunity – No. 4. It is necessary to correctly and always place a trade stop order inside. 5. The trading system must always be developed and adapted for a specific personality. 6. Any trading system has a period of a series of losses. 7. Focus on the trading process, not on the result.