Hello dear readers! In recent days, I began to think that overseas exchange trade developed much better than in Russia. Consequently, the professionals of the business there is plenty to share training and trading earnings. The language barrier makes this information available to the majority of domestic speculators decided it is an obstacle to overcome. Specifically, you'll transfer the securities, in my opinion, the articles.
To begin with psychology. The best for the author of this column believe Van Tharp, needs no introduction. Many traders are familiar with his books, including myself. To describe his achievements, titles and the like will not, you can see yourself on the blog link at the end. Then publish my translation of an article on trader psychology.
Transfer.
Evaluation trader himself
I think that the most important work that will help improve your trading results, is to work on yourself. Indeed, understanding yourself and ways of thinking, ways of thinking can give an advantage that is not from your competitors.
As part of my training (Van Tharp teaches trade, decides to psychological problems) I give a long questionnaire to every trader that he managed to pre-evaluate yourself. I like some of the reviews that I receive from the candidates.
Everyone I ask 10 questions that help reveal the essence of self-esteem, is a kind of starting point for the beginning of an easy job.
Let's take, for example, ask a question. The answer should not be frivolous. I advise you to spend at least 1 hour for meditation, it is very important! These questions are designed to climb inside yourself, dig deep in his subconscious, look for hidden motives of your actions, beliefs.
What are the 7 key psychological aspects on which you need to work (already running).
Do not say you do not have these problems or you do not, it suggests that you do not even want to understand myself.
For the most part, we live in a society in which people are "programmed" to feel especially at the same time separately and independently from the rest. These are the rules of the game, the rules of life, and most people in the world follow the rules that are written by others. The end result is that many people are doing exactly the opposite things are needed for success. Do you realize that? Do you realize your behavior patterns, beliefs and emotions that should change? Do you understand what direction you need to develop in order to become a successful trader?
See description of traders may find themselves.
- I am susceptible to the fear that permeates my trade. I want to trade, but the fear does not give me a chance to make a deal, at least try. It seems to me that this fear is present in other areas of my work. I guess I'm just afraid of failure.
- I have an internal conflict when it comes to working on himself. On the one hand, it is beneficial, and I want to, but on the other hand, I would prefer to do other things. Everything is like trying to pull teeth themselves. For some reason I do not like to do it.
- I have no discipline. Sometimes I just start to trade. I make almost incidental transaction, or accept some of the recommendations that are received. As a result of this trade visit me thinking that trading is not for me.
- My mother constantly criticizes me. She gave me everything when I was little, for it is difficult to overestimate my gratitude. But she tells me all the time if I'm doing something wrong. It makes me very upset, exasperated. On the other hand, I have to support her. I want to find out why her criticism so negative effect on me, and how to fight it.
- I really do not like to be alone. When I try to develop mentally for success in trading, I have to look inside yourself, it really bothers me. When I try to meditate, constantly coming up with reasons to fear.
These five stories are only examples of what can be you. This is only the beginning, try to tell about myself completely! What's really going on? What are the emotions you want to feel? What are the hidden beliefs? Is there an internal conflict, when one part wants one, and the other quite the opposite?
What are your ideas about the key markets?
It is important to let you know that everyone is able to sell only their own ideas about markets. So what are the beliefs peculiar to you?
To understand what leads your trade, you must list at least 50 convictions. To start with 10 will be a good idea.
As a little help for you, I will list their 12 most important ideas about the market. Some of these principles will suit everyone, some just for me. As already mentioned, you need to call at least 50 convictions, to fully understand the principles of your trade.
1. reduce losses and let profits run.
2. The risk of how much you can lose in a single trade is much more important than what you will be volatility.
3. You need to understand the R-distribution of your trading system and options for change. (R - so Van Tharp stop denotes the value for the convenience of calculation, for example, a stop to the profit ratio can be R / 2R)
4. You need to know the goals to strive. You should also know, as you can tolerate in terms of drawdowns. In my case, I would like to make 10% per month.
5. In order to achieve your goals you need to understand and use the position size.
6. Open the main positions on the shares for which it is necessary to watch weekly or monthly. Nevertheless, the search for other efficient shoulder stock and use, to achieve the maximum profit. (Remember, these are my beliefs, they may not be suitable to you)
7. If I lose a lot of the day, it is necessary to carefully consider what happened. To understand the causes and find errors.
8. Write down each transaction in the trading diary.
9. Take 10 trade principles.
10. If you do not have time to trade actively, remove all speculative positions.
11. Calculate the risk to earnings for the new transaction before entering into it. For example, the potential profit to be three times greater than the potential loss.
12. move the stop loss for my basic position and actively monitor the market for speculative positions. (Again, this is my personal belief)
I would like to remind once again, this is only my beliefs. Your may be quite different. Nevertheless, some of them are suitable for everyone.
Try to be honest with yourself and pay attention to what you really believe about markets. You may surprise yourself!
Transfer.
Evaluation trader himself
I think that the most important work that will help improve your trading results, is to work on yourself. Indeed, understanding yourself and ways of thinking, ways of thinking can give an advantage that is not from your competitors.
As part of my training (Van Tharp teaches trade, decides to psychological problems) I give a long questionnaire to every trader that he managed to pre-evaluate yourself. I like some of the reviews that I receive from the candidates.
Everyone I ask 10 questions that help reveal the essence of self-esteem, is a kind of starting point for the beginning of an easy job.
Let's take, for example, ask a question. The answer should not be frivolous. I advise you to spend at least 1 hour for meditation, it is very important! These questions are designed to climb inside yourself, dig deep in his subconscious, look for hidden motives of your actions, beliefs.
What are the 7 key psychological aspects on which you need to work (already running).
Do not say you do not have these problems or you do not, it suggests that you do not even want to understand myself.
For the most part, we live in a society in which people are "programmed" to feel especially at the same time separately and independently from the rest. These are the rules of the game, the rules of life, and most people in the world follow the rules that are written by others. The end result is that many people are doing exactly the opposite things are needed for success. Do you realize that? Do you realize your behavior patterns, beliefs and emotions that should change? Do you understand what direction you need to develop in order to become a successful trader?
See description of traders may find themselves.
- I am susceptible to the fear that permeates my trade. I want to trade, but the fear does not give me a chance to make a deal, at least try. It seems to me that this fear is present in other areas of my work. I guess I'm just afraid of failure.
- I have an internal conflict when it comes to working on himself. On the one hand, it is beneficial, and I want to, but on the other hand, I would prefer to do other things. Everything is like trying to pull teeth themselves. For some reason I do not like to do it.
- I have no discipline. Sometimes I just start to trade. I make almost incidental transaction, or accept some of the recommendations that are received. As a result of this trade visit me thinking that trading is not for me.
- My mother constantly criticizes me. She gave me everything when I was little, for it is difficult to overestimate my gratitude. But she tells me all the time if I'm doing something wrong. It makes me very upset, exasperated. On the other hand, I have to support her. I want to find out why her criticism so negative effect on me, and how to fight it.
- I really do not like to be alone. When I try to develop mentally for success in trading, I have to look inside yourself, it really bothers me. When I try to meditate, constantly coming up with reasons to fear.
These five stories are only examples of what can be you. This is only the beginning, try to tell about myself completely! What's really going on? What are the emotions you want to feel? What are the hidden beliefs? Is there an internal conflict, when one part wants one, and the other quite the opposite?
What are your ideas about the key markets?
It is important to let you know that everyone is able to sell only their own ideas about markets. So what are the beliefs peculiar to you?
To understand what leads your trade, you must list at least 50 convictions. To start with 10 will be a good idea.
As a little help for you, I will list their 12 most important ideas about the market. Some of these principles will suit everyone, some just for me. As already mentioned, you need to call at least 50 convictions, to fully understand the principles of your trade.
1. reduce losses and let profits run.
2. The risk of how much you can lose in a single trade is much more important than what you will be volatility.
3. You need to understand the R-distribution of your trading system and options for change. (R - so Van Tharp stop denotes the value for the convenience of calculation, for example, a stop to the profit ratio can be R / 2R)
4. You need to know the goals to strive. You should also know, as you can tolerate in terms of drawdowns. In my case, I would like to make 10% per month.
5. In order to achieve your goals you need to understand and use the position size.
6. Open the main positions on the shares for which it is necessary to watch weekly or monthly. Nevertheless, the search for other efficient shoulder stock and use, to achieve the maximum profit. (Remember, these are my beliefs, they may not be suitable to you)
7. If I lose a lot of the day, it is necessary to carefully consider what happened. To understand the causes and find errors.
8. Write down each transaction in the trading diary.
9. Take 10 trade principles.
10. If you do not have time to trade actively, remove all speculative positions.
11. Calculate the risk to earnings for the new transaction before entering into it. For example, the potential profit to be three times greater than the potential loss.
12. move the stop loss for my basic position and actively monitor the market for speculative positions. (Again, this is my personal belief)
I would like to remind once again, this is only my beliefs. Your may be quite different. Nevertheless, some of them are suitable for everyone.
Try to be honest with yourself and pay attention to what you really believe about markets. You may surprise yourself!
