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Data:2009-12-12 2:34
As hundreds of thousands of people have been taught how to market-dependent self-made professional traders, we are often our students to ask the question: "What is aspiring traders most often mistakes?" We are The answer: No quick to accept the loss and stop-loss. We believe that traders the most precious asset is their initial capital, if they are not exactly the best efforts to prevent the loss of principal, they will be doomed to fail. Accept the rapid loss of small traders to ensure the only principal methods and tools. However, traders must not only fast, but is willing to accept the loss of control, they must accept the loss and the water far from their trading part of life fact. This is perhaps the most incomprehensible fact.
Most traders struggling to spend all of their transactions to avoid loss of life. They constantly move from one broker to another broker, a service to the other services, a communications shift to another communication, a transaction system to an alternative trading system, hope, folded prayer, vow to find the "Holy Grail "kind of perfect, slim can bring huge rewards, and incredible, mouth-watering and not a little loss of earnings approach. In short, it is impossible. Why? Because a successful transaction as successful in life, is the loss of our control, good or bad decisions, not by us to avoid the loss of good and bad decisions. If you really want to be a shrewd trader. By allowing the loss becomes small, to learn how the loss of the professional bar. This is the key. This is what we need skills, this is the road of big money, which is the transaction allows us to something long-term career. By the loss of control is too low to manage well the loss of your bar, we guarantee a good profitable trade fair management of their own.
Each sum of losses in your account like a tumor to expand, with destruction of your entire financial career potential. Therefore, in order to ensure long-term nature of the transaction, the transaction must be in the tumor exposed its ugly head when the quick remove it. Every loss is a small beginning. Then drawn it, or completely get rid of it, and almost no pain. The main problem traders to allow them to expand when the loss or tumor. Each time the stock was allowed more in-depth areas of negative encroachment when the traders and their ability to act would be weaker. The loss of growth like a tumor, killing the wisdom of the transaction will eat into their mental and physical strength, until they had completely degenerated into a slave. If you want to be successful, any might ruin your future, have to be immediate treatment of disease.
No quick way to eliminate the stop error
The following action steps will prevent you to be the most ferocious enemy of ---- did not stop the game:
1. When things do not always bad when you have not yet decided what position you should protect your boat began to deal.
This is like that "has not set a stop loss should never start a transaction." Have not decided at what price you should begin to escape a deal, like a steep hill from the washed down at full speed without any brakes . You may finally survived, but only those who like the game of death will often attempt such a thing.
2. Always insisted on a pre-set your stop loss.
This should have been Needless to say, but only a few aspiring traders to have enough self-discipline to do this, so we have to mention it. Why is this so hard to do that? Because you stop selling the stock is well aware of the recognition you are wrong. This behavior will not bring a warm feeling of pride, nor to establish a person's confidence. But the real deal masters have learned to overcome these difficulties. They have become a dizzying pace in order to stop experts. They do so because they have trained for those who do not work for them shares an intolerable sense of, and in trouble, when just one will kill them there. We teach our traders to buy their stock for every one as one of their employees hired to do a job, this job is: up. Stocks suggests that it could not complete it was hired to do this work, we tell them to immediately fire-employed it, like the dismissal of a refusal to do to understand his or her work as an employee. We train our traders that do not tolerate those who can not meet their expectations of the stock, so sometimes they reach the stop-loss in these stocks before they are fired.
