Floor reflections on trading


There are some clear symptoms of this condition. Generally, losing traders do not know the real reason why they are engaged in trading. Or if they do, they use different methods of self-deception and denial of these. For example, many traders try trading with resolve their family or other problems. But such substitution can never lead to success.

Overall, my conclusion is that the trader is doomed to failure in the degree to which his personal psychological problems are intertwined with the market or imposed on him. Conversely, how can a trader to separate personal issues from the market, so it can be successful. Obviously, from this point of view, the main problem of trading - it's personal psychological factors, rather than a problem of training, etc. General education, in particular the study of methods - something very simple. But the application has already proven methods - a much more difficult task, because it requires action, and this type of action, where the personal psychological problems begin to appear in all its glory.

In my experience, there are only two categories of successful traders. First - are traders from God. As a rule, they have to take the property market is happy as he is, regardless of the money, profits and losses. These traders, of course, does not always win. But they will never defeat and loss are not addictive and do not lead to repetition. The second category of successful traders - is, as a rule, people held in any other case and considering trading solely as a side activity. They have given the market a small portion of his time and of himself, and it also saves them from addiction.

Discipline and Method

Ask any trader: what are the key factors for success in trading? And most will call you two - discipline and method. This may seem obvious. Many beginners think, "What are they all about discipline and repeat method? I already know that discipline is important in order to avoid large losses, and the method will allow me to make a profit on a regular basis. " This is in general true. In theory, in the abstract. The problem is that the discipline of trading - something absolutely concrete. You do not just stand by and watch what is happening in the market. You - a member of this orderly chaos. Simultaneously with the market there is your own dynamics - how you recognize the market and react to it in the form of your transactions.

Let me explain with an example.

Beach trader - the feeling that the market is held by him. He feels bad because not doing anything, and the market is "racing" by him. If it lasts long enough, the trader is usually not stand up and "jumps" in flying off the market. Just at the moment when the market begins to slow down and turn in the opposite direction.

The trader starts to get nervous, "Why is it always happens to me?". He then begins to execute itself in many ways. And the most important of these methods - a loss of his own money. Loss of money - the most serious accusation that traders use against himself.