A successful stockbroker - a realist. He soberly assesses the stock of the situation and restrain emotions, makes a real plans. Illusions - not for the professional stockbroker. The layman, having done some unsuccessful operations and losing a little money, panics. His ideas of the exchange become the further, the iskazhenny. Losers have a lot of fantasies about purchase, sale and choice of transactions. It distorts reality and hinder progress on the exchange. Successful stockbroker should recognize their fantasies and to part with them.
Myth about exchange knowledge
Many losers think if successful traders know any special secrets. Thanks to this imagination consultants and vendors ready to eat methods of exchange games no shortage of clients. Fallen spirit stockbroker often spends his entire stock capital - if only to take the "wisdom" (buys different programs, "black boxes" and other techniques, "unmistakably" analyzing the market).
Myth about the lack of equity
Many losers seems to be to them by larger, they would have succeeded. As a rule, Amateurs ejected from the game, and the market turned around 180 degrees, rushes, where and assumed the loser. This losers see the proof of fidelity of their tactics. And then the imagination is born: "if I had the expense of larger, I would have stayed a little longer and won". The klutz lack of reason, not capital. He successfully lose and when a large account, and if it is a minor. He гиперспекулирует and нерасчетливо controls the purse strings. He is at risk, not justified neither large nor small account. With all the advantages of its tactics he is eliminated from the game because of the inability to fight it. Stockbrokers are often interested in what amounts to start the game. They want to resist a string of losses, before temporary reduction of their capital. They immediately expect not to win but to lose. Conclusion about the lack of capital is a psychological trick that helps to conceal from ourselves the two bitter truth: no self-control when playing and realistic plan of capital controls.
Myth about the autopilot
Stockbrokers who believed in fairy tale about the game on autopilot, think that the process of the accumulation of profits can be automated. Some are trying to develop its автосистему exchange game, others get ready for the "specialists". Lawyers, doctors, businessmen, over the years оттачивавшие their skills, throw away thousands of dollars to purchase a "ready-to-eat professionalism". They said greed, laziness, and mathematical illiteracy. Today the system of exchange games enriched only their suppliers. Complex human activities are not amenable to automation. Computer-based learning systems replaced teachers and programs for calculation of taxes is not caused unemployment among accountants. Many types of activities, the decision is man: machines and systems can help him, but not replaced. Despite the use of autopilots, the airline refuses pilots, high pay them. As with the emergency situation is able to cope only man. Also on the stock exchange: the first eventuality - and your account as usual. Stockbrokers are suffering from автопилотной imagination, trying to live as babies. Then mom did everything for them. But the exchange is not the mother. There is around a severe uncle and aunt, who strive to take control of your money, not to drink the milk.
Myth and exchange Guru
Many advocate for personal freedom and independence only in words. When they have tight, they make quite another song and start looking for a "strong hand". Falling spirit, stockbrokers turn to the guru. In financial markets there are three types of guru: is the guru of the stock cycle, guru miraculous method and guru-minerals. The first predict the important changes of the exchange rate. The second deliver "the unique methods" - blaze new pillars of the road to riches. Third, avoiding critical arrows, owe their fame to the care of this world. Guru of the stock cycle. He predicts large rises or falls. With each successful prediction of his fame grows, prompting a growing number of people to buy or sell at his new forecast. When guru becomes the center of attention, his words are taken for granted prophecy. If you recognize the newfound guru, it makes sense to follow his advice. Given that analysts exchange thousands, some of them, certainly, should be at a height of at one time or another. This accuracy as the broken hours. Twice a day and they show the correct time. Success guru administered not only at the moment of luck. The fact is that every guru has its own favorite stock exchange theory. This theory - whether it is a theory of cycles, the volume of transactions or Elliot wave theory - he usually presents several years before his hour of triumph. First, the exchange does not inspired by this brainchild and turns away from him. But, varying from year to year, it gradually takes it. That's when the exchange sky dates back and light up a star guru. Guru of the stock cycle - an Amateur stockbroker, which has a unique theory. Guru usually earns a living by publishing exchange bulletins as he can get rich on Advisory services. Guru remains in high esteem, as long as things on the exchange coincides with his theory. And when his predictions no longer come true, universal admiration replaced by the universal hatred. In the early 70-ies by the Supreme guru of the stock cycle was Edson Gould. He is building his predictions on the basis of changes in the strategy of the Federal reserve Bank, which defined the changes of the discount rate. According to his famous rule of "three steps in fourth stumbled", three-time increase of this rate means strengthening stock of the situation and subsequent game for a fall. Conversely, three times the reduction in the rate signal unfolding financial activities and the tendency to increase. The new Supreme guru Joseph Granville, appeared in 1978. Price changes follow the volumes of deals with shares, - this idea he expressed quite eloquently: "the Volume is a vapor, driving the market locomotive". Another guru Robert Пректер said about himself in 1984. His career he made as an expert on the Elliott wave theory. Guess in the new guru future star and join his environment proves the benefit. But even more importantly, to predict the peak of his career, because all gurus fail - and the beginning it comes to the Zenith of their glory. If all media is biased in favour of the guru - he got up to the top. The media are careful not having success of traders. Guru miraculous method. Appear mainly on the futures markets (as guru of the stock cycle of the equity markets). This type of guru "opens" a new method of analysis or management of exchange game. Over exchanges always blow the winds of change, and yesterday's methods can today not to work, not to mention tomorrow. Examples guru miraculous method: in the early 70s, Jake Bernstein (forecasts of UPS and downs on the basis of stock exchange cycles), Дж.Питер Стейдлмайер ("Market profile" or "Market Profile" - secrets of the birth of supply and demand). Guru - fossil. Publishers republish his books, new generation zealous speculators painstakingly learn of his lectures, the people up legends about the success of the ever-memorable Analytics. But in the beams of that glory guru already not погреется - he's in another world. But in this world there is someone warm hands to his reputation and invalid copyright. Examples of guru - minerals: Р.Н.Эллиот and legendary У.Д.Ганн. The guru those come who needs a strong leader. "These people wander with the end of the umbilical cord in his hands, watching a new outlet for this fork". Guru never run out, because they were required by the audience. Anyone reasonable stockbroker should understand that, ultimately, no guru its not enrich. To achieve victory, he can only own efforts.
a lot of people fail in professional, personal or business Affairs of stupidity or ignorance, but because of the unconscious desire to suffer this collapse. For many market represents man, with whom in the early childhood stockbroker was in the confrontation. As a result, they persist, playing against the exchange, against the prevailing rules, eventually losing its stock capital. Established in childhood attitudes may prevent success in the stock exchange. Need to find their weakness and get rid of it. It is useful to exchange diary - write down why you open and close each of the transactions. Sought out recurring situations model your successes and failures.
the Game at the destruction
In all professional and business circles for вхожих have seat belts: this superiors, colleagues and clients. They will stop people if their actions cause harm to others or to himself. Laws of the ordinary mutual assistance on the exchange act. There every stockbroker is trying to bring down the rest. And those are his. Buying at the maximum rate of the day - that is, open the door of the car in the traffic. As soon as the order of purchase reaches exchange speculators-sellers rush to you from all sides - to tear the door together with your hand. Your defeat is desirable for them because your money will move to them.