"People tend to be wrong" – how many times have you heard this phrase, or did they say it themselves??? I am sure, not once or ten times))) Mistakes are easy, and the most interesting, almost always instantly. Didn't have time to yawn, and the new mistake is right there - regardless of the type and type of your activity ... Some quickly give up, blaming everyone and […]
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 […]
What kind of job would you like more: and, on which they pay a stable small salary or that, not to which the salary is high, but unstable? The answer to this question will allow you to determine your preferences and risk tolerance.. Most practicing short-term traders would like to give up security and stability in favor of higher wages.. Compared to conventional professions, short-term trading is very risky.. In this way, if you don't learn to tolerate risk, you will feel too much excitement and anxiety when trading.
5 years ago, I wrote a book called "Successful Trader". Mental state necessary for success in the market". When it came to initiation, I decided to dedicate the book “Traders, who don't want fame ". During my work, I had to meet many traders, who failed due to an inferiority complex. They felt like worthless losers, inferior people and were not sure of their life goals. For them, trading is a way to prove to themselves, that they are worth something in life. They feel, that the more money they have, the more they are significant as individuals. But in reality it’s not like that. Traders, who are looking for wealth and fame, as a rule, failure awaits. Modest traders become winners.
In an interview with Market Wizards, Dr. Van K. Tharp gives a characte to a trader - a loser. A common trait of all losers is a high susceptibility to stress and an inability to defend against stress.. They have a negative outlook on life., they expect the worst, they have many conflicts with their own personality. They tend to blame others., when something goes wrong. This portrait has a foundation. If a trader is easily excited and at the same time pessimistic, he cannot effectively use his skills and abilities, does not believe in that, that he will be able to achieve success in the long term and remain in the exchange business. Despite, that there is a general idea that, who can become a successful trader, scientific work on this topic is almost unknown.
Winston Churchill once said: “Never, never, never give up”. The British prime minister knew how to achieve his goals. As a result, it was he who became that person, thanks to which the nation was saved. However, Churchill managed to occupy such a high post in the government far from the first time.. Stubbornly running as a candidate for every election, is he, eventually, got his way, becoming prime minister of Great Britain at the age of 62 of the year. History is full of examples, when strong-minded people achieved their goals, no matter what the circumstances. Abraham Lincoln went to war with the rank of captain, and returned as a private. Deciding to do business, he burned out and was forced to abandon his idea. In the field of lawyer, he also suffered a failure.. The reason for this was his quick-tempered nature and impracticality.. Having retrained into politics, he made a number of attempts in this arena, but here too he suffered a series of crushing failures.
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
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.