stocktradersnotebook.blogspot.com
Stock Market Trader's Notebook: Fearing Losses
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Stock Market Trader's Notebook. Compilation of Basic Trading Principles and Strategies. There is a huge difference between being risk averse and fearing losses. You must hate to lose. In fact, you can program your brain to find ways to not lose. But not losing is a logical thought-out process, rather than an emotion-based reaction. Two human-based tendencies come into play. The first is the sunk-cost fallacy and the second is the exaggerated-loss syndrome. What should be done?
stocktradersnotebook.blogspot.com
Stock Market Trader's Notebook: The Principles of Successful Trading
http://stocktradersnotebook.blogspot.com/2010/02/principles-of-successful-trading.html
Stock Market Trader's Notebook. Compilation of Basic Trading Principles and Strategies. The Principles of Successful Trading. Don’t Try to Predict the Future. NO ONE KNOWS WHERE THE MARKET IS GOING, NO ONE KNOWS WHEN THE MARKET WILL MOVE. It took me a long time to figure out that no one really understands why the market does what it does or where it’s going. It’s a delusion to think that you or any one else can know where the market is going. Most Elliott Wave practitioners, cycle experts, or Fibonacci t...
stocktradersnotebook.blogspot.com
Stock Market Trader's Notebook: Where to Begin in the Market?
http://stocktradersnotebook.blogspot.com/2010/02/where-to-begin-in-market.html
Stock Market Trader's Notebook. Compilation of Basic Trading Principles and Strategies. Where to Begin in the Market? Let’s begin with the markets themselves, and with fear and greed. We have all heard the cliches about fear and greed. They rule the markets. In fact, that’s all the markets are—a reflection of these emotions. In order to make money trading, you must learn to control your fear and greed. Overcoming Fear and Greed. So we start with the question, “How can we understand the markets? Controlli...
stocktradersnotebook.blogspot.com
Stock Market Trader's Notebook: Hearing What You Want to Hear – Seeing What You Want to See
http://stocktradersnotebook.blogspot.com/2010/02/hearing-what-you-want-to-hear-seeing.html
Stock Market Trader's Notebook. Compilation of Basic Trading Principles and Strategies. Hearing What You Want to Hear – Seeing What You Want to See. Traders poll their friends and brokers until they obtained an opinion that agreed with their own, and then enter a trade based upon that opinion. A student of ours, Fran and her husband, John, decided they wanted to go to live in the Missouri Ozarks. Everyone told them that there was no way for them to make a living there. What should be done?
stocktradersnotebook.blogspot.com
Stock Market Trader's Notebook: Ten Steps to Building a Winning Trading Plan
http://stocktradersnotebook.blogspot.com/2010/02/ten-steps-to-building-winning-trading.html
Stock Market Trader's Notebook. Compilation of Basic Trading Principles and Strategies. Ten Steps to Building a Winning Trading Plan. If you have a written trading or investment plan, congratulations! Whether or not you have a plan now, here are some ideas to help with the process. Disaster Avoidance 101…. 8220;Like the markets, a good trading plan evolves and changes, and should improve over time,” says Melinda Novak. A plan should be written in stone while you are trading, but subject to re-evaluation ...
stocktradersnotebook.blogspot.com
Stock Market Trader's Notebook: The Path to Successful Trading
http://stocktradersnotebook.blogspot.com/2010/02/path-to-successful-trading.html
Stock Market Trader's Notebook. Compilation of Basic Trading Principles and Strategies. The Path to Successful Trading. Move through the stages at much less cost in both time and money. Third stage and starts to write strategies based on quantifiable data. It is at this stage that the trader ordinarily starts to make money. Finally, the strategies and money management approaches are refined and the individual becomes successful as a strategy trader. Discretionary traders are not restricted by a concrete ...
stocktradersnotebook.blogspot.com
Stock Market Trader's Notebook: Listening to Opinion
http://stocktradersnotebook.blogspot.com/2010/02/listening-to-opinion.html
Stock Market Trader's Notebook. Compilation of Basic Trading Principles and Strategies. Kim has entered a long position in crude oil after carefully studying as many factors as she could reasonably include while making her decision to trade. She has entered the trade because her study of the underlying fundamentals has her convinced that crude oil prices must soon begin to rise. Then Kim turns on her television set and begins to watch one of the financial news stations. What should be done?
stocktradersnotebook.blogspot.com
Stock Market Trader's Notebook: Putting Together a Business Plan
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Stock Market Trader's Notebook. Compilation of Basic Trading Principles and Strategies. Putting Together a Business Plan. I am of the belief that it is never too late to start thinking about working on a business plan for the current year. It is also never too early to think about putting together a business plan for next year. This is because it will take you some time to think about the things that I am going to say, and work on your own program. It doesn’t quite work that way. When you are h...But you...
