Category: Money Tips Date: 2007-06-21
Here are highlights of the transaction psychology. Can help us better understand their own trading psychology and the importance of psychology in the transaction.
1, remember to become profitable trader is a journey, not a destination. Does not exist in the world did not lose only the winning traders. Try to be better every day transactions, from their own progress, have fun. Concentrate on learning technical analysis skills, improve their trading skills, rather than just winning or losing focus on the number of transactions on their own.
2, as long as their transactions according to its own plans to do a deal should be done, then congratulate ourselves feel peace of mind on the deal, but do not worry about the deal in the end made a profit or paid out.
3, big money and do not be too complacent and lose money the are not to be too downcast. Try to maintain balance, hold their own trading professional point of view.
4, do not expect the transaction will definitely be one way or another. All you need is to seek the facts considered, rather than on hearsay evidence.
5, if your trading method to tell you should do a deal, but you do not have the implementation of a missed opportunity to make money, can only do wall concept, the pain is much larger than your trading plan in accordance with their market has done a a deal but in the end the pain caused by losing money.
6, their own life experiences to shape your understanding of the transaction. If you do the first deal to lose, then you have a very long period of time is no longer involved in the market, or even a lifetime does not touch the probability that transaction varieties is very high. Lose money and failed to make a single brings the psychological impact of a greater pain than the physical impact for longer. If you are not a failure of the inter-exchange hit, then you would not have been losing money for a single produce such a negative and lasting impact.
7, educational experience for shaping the way traders view transactions play an important role. Formal business education can let you in understanding the general economic and market situation of an advantage, but this does not guarantee that you make money in the market. Formal university education in most of the knowledge acquired is not able to provide you become a successful trader needs the specific knowledge. To become a winner in the transaction, you must learn to perceive the majority of people turn a blind eye to those opportunities, you have to tap those who are essential to the success of trading knowledge.
8, arrogance and pride because of money generated will be bankrupt people. Money can lead people to emotions, resulting in their own distorted view of reality. Earn more, feel better, will be easy to be arrogant emotional control. Money brings pleasure is the gambler of the demand. Gamblers are willing to lose money again and again, just for the pleasure of once profitable.
9, always remember, regardless of winning or losing, one alone. Do not go blaming the market or broker. Lose money for you to provide an opportunity for you to note the transaction and what are the problems. Do not personal attack.
10, a successful trader and analysis to quantify the risk, the real understanding and acceptance of risk. From the emotional and psychological acceptance of risk decisions for each transaction in your state of mind. An individual's risk tolerance and trading of time preference, but also allows each dealer have their own differences. Choose one that reflects your preferences and risk tolerance trading transaction method.
11, the market participants of all transactions of the collection of mind-set. Long-short day reflects the long-short Bosha are thinking every day. Must pay attention to look at the daily closing price and the date of the relationship between the high and low points, because it shows the market's recent strength.
12, never just because prices are low or the price of another job on to do more short. Easy to lose money do not go to the list their investments. Never run out of patience on the market. At any time prior to the transaction must have an appropriate reason. Remember, the market is always right.
13, need to listen to the market traders. To effectively listen to the market, traders will need to pay attention to their own trading method, the same should also be as concerned about the charts and the market's concern about the self. The challenge faced by traders is: to understand what self kind of person, then there is a strong sense of how to foster a deal that would contribute to the success of the quality of their own.
14, as traders, from the hope, greed and fear, the farther the transaction the greater the chances of success. Why are there hundreds of people from technical chart analysis entirely agreeable, but the really good traders are few and far between? The reason is that they need to spend more time in their own psychology, rather than analytical methods.
15, Gongyushanjishi, must first sharpen his tools. Lincoln also said, "If I spend eight hours cut down a tree, then I would spend six hours grinding his own ax sharp." In the transaction, this maxim can be understood as: the importance of research and study . Done in order to exchange the time it takes to prepare an order and read the tape to be more than the time spent.
16, the vast majority of traders do not, such as market patient. The old adage goes, say, the market will do everything possible to bring the majority of transactions are mad. As long as people and as a contrarian, the market trend will be continued.
