Emotional state of the player directly affects the state of its capital. Good selection system transactions, loss cannot be avoided if the stockbroker is taken for the game with expectations of profit, with the fear of loss or upset. In exchange the game you are competing with острейшими minds in the world. It is necessary to admit to fight emotions and your game to an end. You have to be psychologically ready to victory.
BYPASSING THEIR own RULES
after a few successful deals, most fans consider themselves to be geniuses. My head is spinning at the thought that because of its uniqueness can be neglected by their own rules for success still provided. Here, migrated, bypassing the rules, the stockbroker shall be on the road самовредительства and loses everything. Sign of successful stock-jobber - its ability steadily accumulate capital. Need to objectively record and evaluate their exchange activities. It is useful to keep a diary on the charts with the exchange before opening and after closing of the transactions and their registry with a detailed description, including Commission. You need to strictly observe the rules of capital management. It is possible that the self-esteem you will spend as much power as the assessment of the exchange. Plan your game and play according to plan. Do not make decisions in the game time.
LESSONS EXCHANGE GAME LEARNT FROM the AA
(society of Anonymous Alcoholics"). Between an alcoholic and replaying a stockbroker is obvious similarity. The stockbroker without end changes the tactics of the game, like an alcoholic who is trying to solve the problem by going with the spirits of wine or beer. Loser does not recognize that he had lost control over the course of its stock-market life. Drinker may on a path to recovery only by recognizing himself an alcoholic. The alcoholic needs to get up to handle "utterly fall, get on the dregs of society to the very sickened him - only then did he realize that he is an alcoholic. Also stockbroker and one is elated by winning feels omnipotent. Believing in their infallibility, it acts recklessly and loses won. Having glided down to the bottom of the stock of the abyss, he is doomed to fall from the exchange. Few realize that they lost not because incorrectly played, but because the wrong thought. Such people can change themselves and go into successful speculators. So the first step is to recognize ourselves as the "exchange alcoholic", "loser". Losing is for loser - the same as alcohol for the alcoholic. A small loss is akin to the one drinking. Large loss - whoopee. A series of defeats is drinking. The loser rushes from one market to another, from one guru to another, from system to system. The capital of his waning, and he is trying to resurrect a pleasant taste of victory. Wishing to stay teetotaller should remember once and for all: he is an alcoholic. Возомни he had won alcohol, return to drunkenness not escape. Therefore, every business morning to begin with, that, sitting in front of the screen with quotations, to say: "Hello, it's me, John. I'm a loser".
TRACTION TO TRANSACTIONS
Successful speculators react to the loss as выпивающие for the company react to alcohol: tried and that's enough. String of losses for them - alarm: it is time to pause and reflect on their methods. Losers unable to hold themselves: they continue playing, because addicted to its exciting the blood moments and still have a hope of winning. They cross the border between the business risk and gamble. Losers to enter into transactions under the influence of momentary impulse, fall into gaming binge and try to win. The result of this is playing the stock capital. Some losers then arranged for counselors - so an alcoholic on drink all, is arranged to wash the glasses in the bar, drinking up my leftovers). Most losers deceive themselves and others, depicting well-being in the game. They all беспорядочнее treat capital, casually take notes, pull brokerage receipt. Loser akin to an alcoholic, not wanting to know how many shots he drained.
Man's whole life builds a pyramid self-esteem. Most of it is high. For a successful clever hurts to be in the bottom of the abyss. The first possible motive to hide from everyone. Know this: you are not the only one. There until you visited each stockbroker. To build a new stock exchange's life and you can only admitting that cause losses to you the most. Only then can you develop the inherent to the winner of self-control.
POWER OVER LOSSES
the Alcoholic must admit that he had no control over the consumption of alcohol. The stockbroker must admit that he has no authority over losses. The stockbroker should go on a business risk, but in no case exceed its value. It should determine the acceptable level of business risk, i.e. the maximum amount for which you can take a chance at each transaction (for example, 2 % of the amount of the Deposit). If you see a potentially lucrative deal, but will have to exceed this (2%) barrier, then it needs to be missed. If the sum of your business risk will be exceeded, even for a dollar, including commissions, shit out of luck. To lose at least on the dollar greater than the business risk is закутить, drink a stupor and Wake up in a ditch, suffering from headaches.
Exchange - one of the greatest attractions in the world. This is a sport where you can be a spectator and participant. Imagine that you get to the match of commands of the higher League and for a hundred dollars can abandoning his position on the podium, run out on the field and to join the players. And if you score a goal, then you will pay at the rate of a professional. The first time you join the game after a long hiatus successful moment. Yes the second time too. This caution beginners and created a proverbial saying about the so-called "happy debut. But, scoring some goals and receive good money, Amateur begins to think that he is stronger than professionals. Greedy Amateurs run out on the field, not waiting for the right moment, and even then, when the game promises of good luck. And when their capital runs out after a short series of failures, they don't even realize what happened. Stumbled on a stump, monkey, разъярившись pain, beats foot piece of wood. You often act like it. When the exchange recession, while you play at improving and start doubling in a losing deal. You are acting under the influence of emotion, not reason. Anger, fear, delight in the game - the enemies of success.
INSTALLATION of a SUCCESSFUL STOCKBROKER
1. Tune in to the far exchange road, i.e. assume that will stockbroker almost all his life.
2. Always learning. See and listen connoisseurs, but treat all with common salt. Ask connoisseurs, but don't take them on faith allegation.
3. Don't be greedy, do not immediately jump to the game, the first learn. The exchange is not going anywhere, with the months and years later perspectives on it even better.
4. Develop a method of analysis of the exchange. The exchange - value of a multi-dimensional; for verification of expected transactions use several methods of analysis. Look at check of the facts of exchange stories and practical results. Exchange always on the move and need different techniques: for playing on increasing, for bear, to play in the transition period; in addition, you need a method to determine themselves periods.
5. Develop a plan of capital controls. Your primary task is not to lose the capital and survive many years; the second task is to gradually increase it; the third is to earn a high profit. Most puts the third problem in the first place, not suspecting the existence of the first and second.
6. Winners and losers think, perceive what is happening and act differently. You need to look inside themselves, reject illusions and to change their habits, way of thinking and action. Changes given difficult, but wants to become a professional stockbroker should work on changing their approach to life and to the stock exchange.
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