Zonin

About risk management

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 Trade-Ua 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.

New interview with AM

A very fresh interview with Alexander Mikhailovich Gerchik.

I advise everyone.

Happy viewing.

Arnold's Secret

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.”

Banzai!

Parable

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 to survive?

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.

Correct thinking

In trading, the right mindset is more important than anywhere else..

You come to work, which can take up to several years to learn.

Everyday stress.

To survive, you have to think right.

Keep repeating to yourself `` Tomorrow is a new day '', & quot; new market & quot;.
Helps a lot.

Otherwise you will turn sour. Or completely idiotic thoughts will appear like `` this is because of the puppeteers I lost money '', or `` this is all the market is to blame ''.
This is absolutely wrong. Therein, what you haven't earned, only you are to blame.

One guy has been trying to prove to me for a long time, what day trading did brokers come up with, to earn commission.
Man doesn't follow the rules. Experienced people try to help him, and he repeats the same thing. Therefore, it sits deep in…

Give all your best on 200% every working day is very hard.
Have a good rest. Have fun. Do not under any circumstances deprive yourself of rest..
Otherwise you won't last long. I say exactly.

If you work in a good mood – you will definitely survive and reach the goal.

The first steps

remember, when I just started to be interested in stock trading, downloaded all videos and books, that I could find. As a result, there was a mess in my head.. There was no clear picture and I had no idea, how to form it.
My friend started with me. We tried to figure it out together. During the meetings, they discussed who learned what terms, who understood what.
As time went, but there was no result.

When I first spoke with Alexander Mikhailovich Gerchik, immediately asked a question:
“Alexander Mikhailovich, porridge in my head, what to do? how to deal with it?”
Gerchik advised not to flog a fever, calm down, trade, analyze deals and gain experience, and that then everything will come by itself.

Now I got it, that he was absolutely right.
Beginners need to read fewer books about trading and trade more themselves..
This is the only way you can learn.
A very important point statistics – I also learned this from A.M.
This is the only way you organize everything., what's happening. What you get, does not work, what do you understand and do not understand.
After that, how do you have this clear picture, need to sit down and analyze.
It will not be difficult to find answers to all questions and solve all problems.
If there are no statistics – it will take several times longer to reach the final goal. This is a fact and you can't argue with it..
You can try, but you'll end up with the same thought.

What I want to say with all this? Don't bother with bullshit. Filter information. And work very hard.

Then everything will be fine with you.

Successful trades and a passing trend.

Banzai!

Donald Trump

Today we walked with a friend in the center, and I decided to go to the bookstore.

Had seen Donald Trump's new book, Thoughts Like a Champion" and remembered, that I haven't read business literature for several months.

I bought it right away.

I read all evening… Just awesome…

Noticed, that after the latest developments in the business sector, I perceive Donald differently…

I see more meaning in his words.

I am sure, that after a while I will personally thank him for everything, what did his books teach me.

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