Art of fighting with myself


As can be seen from the definition, should be attributed to indecision and inaction in action, the time of finding a position. That indecision does not grow profits (if the position is correct) or allow to accumulate losses. Naturally, when the paper profit on the trade is growing, it'd quickly turn this into an actual profit and do not drag myself to the psychological burden of open position. Perhaps, this situation is decisive in the choice of the time intervals in which the trader to work comfortably. The right choice of this interval may help in resolving the issue of premature closure of a profitable position. Exit the position with the stop-loss is the cornerstone of all activities of the trader, and hesitation when you exit a losing position can result in a complete loss of control.

If the stop-loss orders, placed on the basis of technical analysis are not enforced because of indecision, try to set the maximum amount of losses on the portfolio per month (for example, 5%, as traders restrict banks), and if the losses exceed this amount - immediately liquidate all positions and do not start to trade until the next month. Otherwise, you just join the ranks of pretty harmless little animals, from which they cut hair professionals. So, if you violate this rule, have lost more than a percentage you set the same size, and the position is still open, it is likely to paralysis. Determine the state of paralysis is simple enough, and although different people have emotional manifestations of this condition vary, trader slang for a long time there is a concept <warm bath>.

When you get into paralysis <warm bath>, consisting of his own sweat, fear and despair. And this is a very contrasting state - at the time the market moves in your favor you get temporary relief, even feel elation, and then plunge deeper into <a warm bath>. At this time you will not be able to adequately assess not only the market, but many of the things around you, not related to the market.

You proofread expert comments in the hope of encouraging words about the imminent spread and angry when stupid analysts see no sign of the long-awaited reversal. Are you all night to watch the rest of the trading world from Japan to the U.S.. I do not think it is necessary to explain that upon the occurrence of such a state, simply close your position and the time to leave the market. And it's better to do it yourself, and not leave an unpleasant procedure to your broker - believe me, it is also no pleasure. If you belong to the category of people who is able to deliver fun, sooner or later you will lose everything and will seek other, cheaper pleasure than pain test losses in the stock market.

Form a portfolio

In terms of recommendations Bryuzgin to overcome indecision, then, in my opinion, a recipe for trade paper just does not hold water. Fixation on a paper not only will not help you overcome the hesitation, but can worsen your problem. But be aware of one paper. This strategy is more dangerous emotional attachment to the position. Even if you have the determination to get into the market, then get out of it by selling a paper, much harder.

There is a certain danger of narcissism - you'll enjoy your moments of profit, <care> her like a sick child, in times of loss, but had never been <shoot>. But during a lull in the paper will experience new and new indicators and trading systems. As a result, you lose the big picture of the market. I, for example, it is difficult to imagine a successful dentist who specializes exclusively in the right maxillary canine.

To overcome the hesitation to work as possible with more liquid securities, especially since the Russian market are not so much. In this approach, the problem with the input-output of the market is mitigated by the fact that proceeds from the category of Psychology in the category of engineering. You just will not have time to concentrate on his indecision, since we have time to review some papers and place an order. This will become more apparent general trend of movement of the market, that will save a certain amount of unprofitable trades and thus give you more confidence in their abilities.

If paralyzed, then go and tell others about it is useless to hope for dreams - is meaningless (rather, it is just another symptom), just need to close all the time and leave the market. This is the only recipe for overcoming the paralysis is effective, but not those three <basic steps> mentioned by A. Bryuzgin. However, I do not deny it (except <switches> of dreams) that the conduct of basic records of transactions and the presence of body (even in the face of family and friends) to reduce the risk of falling into a state of paralysis.

Well, a few words in conclusion. By and large, the problem of indecision and paralysis - a small part of what is called money management. That competent asset management, in conjunction with the mandatory risk assessment, and is the basis for a long life in any market, not just the stock. We need to understand that the market - not a place for amateurs. If you want to become a professional speculator working for their money, not the investor (sorry for the old joke: <unsuccessful speculator investor becomes>), then approach the issue professionally. As a test of professionalism can offer the following problem.

With yields of 60, 80 and 100% per annum (select) calculate the initial amount of funds for the stock market, provided that you do not work anywhere and get a month (!) From the market salary of 500, 600 .... 1000 y. is (Select the desired value.) Try to consider all the costs, such as paying places in the dealing room, or use the Internet, brokerage fee, fees for margin loans (if you intend to use them).