Master the Market with Confidence 8 potx

... risk on the other two contracts by 10 tics. If the market then stops me out of the last two contracts, the net loss on the trade is only 8 tics. If I don't get stopped out on the last ... diminishes. That's because the underlying dynamics of the interaction between all the participants (the market) is changing. New traders come into the market with...

Ngày tải lên: 21/06/2014, 12:20

... has the unlimited qualities the markets have. Most traders don't believe that their trading problems are the result of the way they think about trading or, more specifically, how they ... Disagree 8. The more a trader learns about the markets and how they behave, the easier it will be for him to execute his trades. Agree Disagree FOREWORD The great bull mar...

Ngày tải lên: 21/06/2014, 12:20

... conquer the market, and the only way to conquer the market is through market knowledge, or so they think. In other words, the underlying reason for why the novice trader is learning about the market ... Everyone else to one degree or another assumes they are taking responsibility; but the reality is that they want the market to do it for them. The typical trader w...

Ngày tải lên: 21/06/2014, 12:20

... even similar, to the behavior of the dog that actually attacked the boy. Since the two dogs, the one in the boy's mind and the one outside of the boy's mind, feel exactly the same, it's ... (depending on the individual). The best traders, on the other hand, are not impacted (either negatively or too positively) by the outcomes of their last or even...

Ngày tải lên: 21/06/2014, 12:20

... also be the low of the day. As they sat there, the bean market was slowly trending down to the price the analyst said would be the support, or low, of the day. When it finally got there, the chairman ... traders, the market offers us something to perceive at each moment. In a sense, you could say that the market is communicating with us. If we start out with...

Ngày tải lên: 21/06/2014, 12:20

... conflict with one or more of our beliefs. To illustrate the point, let's return to the example of the boy and dog. Recall that the boy has had several painful experiences with dogs. The first ... from the environment's perspective. The others, however, were the result of how his mind processed information (based on the operation of the association and pain...

Ngày tải lên: 21/06/2014, 12:20

... diminishes. That's because the underlying dynamics of the interaction between all the participants (the market) is changing. New traders come into the market with their own unique ideas of what ... Because they know that over a series of events, the odds are in their favor. They also know that to realize the benefits of the favorable odds, they have to participate...

Ngày tải lên: 21/06/2014, 23:20

... Everyone else to one degree or another assumes they are taking responsibility; but the reality is that they want the market to do it for them. The typical trader wants the market to fulfill his expectations, ... assign the market the power of an outside force that either gives or takes away. But consider the fact that the market presents its information from a neut...

Ngày tải lên: 21/06/2014, 23:20

... problem for many traders is that either they think they already have one, when they don't, or they expect the market to develop the attitude for them by giving them winning trades. You are responsible ... with losing attitudes pick the wrong trades regardless of how much they know about the markets. In any case, the result is the same—they lose. On the other hand, t...

Ngày tải lên: 21/06/2014, 23:20

... block this information. They completely accept what the market is offering them, and they wait for the next edge. CHAP TER 8 CHAPTER 8 WORKING WITH YOUR BELIEFS Now the task before you is ... evidence. The point is why bother! If the market is offering you a legitimate edge, determine the risk and take the trade. 5. Every moment in the market is unique....

Ngày tải lên: 21/06/2014, 23:20