Self-control Money Tips

Category: Money tips Release Date: 2006-02-01

I know many successful speculators, who, without exception, able to recognize: the market's success comes from self-control.
Self-control is not difficult to achieve, but for most people, realize this is very difficult.

Speculators, we look at the success of shared characteristics:

First, they are a very strong sense of risk: they often appear in the trading losses, but any time it did not make them to take excessive losses. This is most of the loss of traders just the opposite, or, contrary to our nature. First, risk control is self-control.

Second, in the Chinese market, successful speculators, the success rate can reach 35%, or even 50%. The reason why they were successful, not because they are the correct prediction is that the market price, but because their position is much higher than profit-loss positions. It also requires a lot of self-control, of course, but also the overall trading program.

Third, successful speculators trading ideas different. They have a great deal of patience to do things that other people are afraid to do, they will be very patient waiting for a look very slim chance, we know that, speculation, precisely because of the opportunity to profit. If there is no strict control of the self, it is difficult to do so.

My students can easily achieve the correct analysis of the extent of the market, but asking them to achieve long-term and stable profit status, it takes a long training, which is the main contents of self-control. Very often, I will give clients a number of existing trading system, they are very like it, seems to find a sense of magic, but how to properly use these "magic", they are reluctant to focus ------- There seems to be more willing to to do some exciting things that can make their own, regardless of whether it correctly.

When other people tell you how they trade, they just tell you that their actions, which is why most stock analysts or institutions recommended cause of the error will occur.

We assume that today's media advisory to 100 organizations, there are 90 institutions that the market will go up, then how do you consider it?

They are not actually interested in deceiving you: because they are indeed in today's trading bought. Perhaps because of their bullish and (already) to buy, or because the (already) to buy the good, it does not matter, it is important that they tell you their operations.

If you are serious thought, you can find the current market, 90% of the potential short ----- those who today have been bought at the same time tell you that the market will be further up people. When 100% are bullish on the market when the market will no longer continue to have long, or that the bulls no longer maintaining the strength, because they have all been bought, well, ha ha, the market, what is left?

By the way, only short, they do not rival ------ until a downward trend in the future.

Self-control is necessary to establish the correct transaction based on the ideas. In most cases, self-control is not a painful thing.

As a professional speculator, you should create and believe their own trading system (of course, I am referring to is a mature trading system). You have to know what your system to play the most normal circumstances, under what circumstances may have a loss, then you will have a more detached attitude to observe the market, observe the transaction. You will complete the transaction because the program will have the market without fear.