Day Trading Online

Understand How Losers Think With This Day Trading Online Course (Part 1)

1
Sep0

We’re going to look closely at the thinking of losers with this day trading online series.

The following was written by a famous poet – Tagore , “Pessimism is a form of mental dysomania. It distains healthy nourishment and indulges in the strong drink of denunciation and creates an artificial rejection which thirsts for a stronger draught”.

Losers are just like the lemmings, racing towards the ocean. The trap of rejection and self denunciation catches them and it’s more that they want! Bombardment by negatives, by parents and relatives to children and the continuation of this through life is as if there is a conspiracy to develop and sustain in individuals an attitude or way of thinking that is "can’t do". Nearly all society continues this conditioning through commercials, pressure from friends and family, and music . A newspaper cannot be sold , the news can’t be interesting unless you have misery and unpleasantness …. which is what makes up a loser .

Misery is loved by losers – it actually brings them happiness. Imagine that!

A self defeatist is what the losing trader is. He functions best when he is under stress and strain , and he feels right at home when he loses money. When a loser strikes gold in the market, he falls apart … he is not used to it . He has never learned how success should be enjoyed. His thoughts have always been built on struggling and losing . He has a win, goes berserk, gets to be an expert – then develops what a well know futures trader (Larry Williams) called "the King Kong feeling". Self control is lost and he quickly loses his profits , and he’s back to the misery and struggling again, that which he is used to , – like lemmings to the sea , and he may not wish to admit it but he loves to struggle,- to struggle to win . Winning is something his mind can’t cop with . His mind can cop with struggle. It’s incredible, isn’t it? Especially if you look closely at it with a day trading online course.

He associates a posture of immaturity. It’s easy to see why he is made a fool of by the cordial politician that says "Look, don’t worry about your life. We’ll take care of it for you. We know better than you what is good for you" .

An desire to win that’s overwhelming is what the loser has. They persuade themselves they can win , and keep coming back determined to save face . The degree of ineffectualness is already programmed into his/her psychological patterns . He almost becomes hypnotized with success by those events that occur. He enters a trance state. – mind hypnotism . This and that gives him sinking feelings . The things he did right he can’t wait to apply, usually to the same market again, but at the wrong time . His mind basically tells him "This really isn’t happening" . He doesn’t really know where he is . He becomes another person .

[ Seeing a loser win is a great event , but it becomes sad when you see them in a trance state, and you know that given time they will lose again - so much, that they will be right back where they started .]

There are times when a profit accrues, the loser’s mind will be so happy with the profit , that it will grab it prematurely . If a loss is occurring to the account , his mind says "It will all work out in the end" and so he hangs on . He always cuts his profits short, and lets his losses run .

The budding trader finds it hard to short the market . To his way of thinking, the sky is the limit and there is no price ceiling. Growth is inevitable as long as he is buying against base zero , since to his mind that is what life is all about, – growth, upward movement .

Next time we’ll look further at loser thinking patterns in the next article in our day trading online series.

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Understand How Losers Think With This Day Trading Online Course (Part 1)

23
Aug0

We’re going to look closely at the thinking of losers with this day trading online series.

Misery is loved by losers – it actually brings them happiness. Imagine that!

Next time we’ll look further at loser thinking patterns in the next article in our day trading online series.

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Will The Trend Stop Or Will It Continue? – Part 2 Best Online Trading

16
Jun0

Last time in our best online trading series on Will the trend stop or continue we talked about how two tools are needed to measure a trend’s strength, which will help you figure out if a trend is going to stop or continue . The first on was setting targets the proper way according to the higher time period market structure of support and resistance .

The second kind of tool would be momentum tools . You should use momentum tools to make the right judgements and apply them to a smaller timeframe than the one you’re trading … in other words if a daily chart is the way you’re trading , trying to pick the low or high of the day with the trades , then for support for the intraday trading decisions you’d be looking at half hour or hourly charts .

What are these types of tools ? A moving average in the short term is a great one; three moving averages should be used within a channel system and you’ll then have a matrix that you can use to measure a trend’s strength. There are many channel systems but one of the best is the Drummond Geometry system ( you should have heard about this system in a best online trading) which uses as its center line a short-term moving average of the average of the low, high, and the close of the last 3 bars that have been completed, projected forward onto the future bar . To this two channel bands are added based upon averages that are similarly managed on the previous three pivot points . Great market strength judgments can be made by monitoring where sequential closes occur in relationship to this channel system .

You should also establish market "flow" by using price strength aspects to measure , including how close to the low or high the bar close is , the distance between close and open , how large or small the range of the bar is , and the amount of progress the bar makes through the matrix of support and resistance .

Another important tip : Since there is a system or support and resistance for each time frame, watch the difficulty or ease of the lowest timeframe that you monitor breaks its own resistance or support in a trend . The more easily you see this happen , the more robust the underlying trend is likely to be . In an uptrend , support close to the low of the bar is going to hold , and near by resistance will more easily and more often break . Low time period resistance breaking and support holding – this is a very reliable sign of the strength of a trend .

These tips should help your stock trading strategy become a consistent winner as you are able to know the difference between trends that are waning and trends that can continue for many days or weeks or even months . A quality course on technical analysis training can save you both money and time by giving you the tools you need to make these important distinctions .

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Find Out More About Maxims With Day Trading Online

17
May0

A technical analysis course will give you the knowledge That about anything can be justified with an old saying . A plausible maxim is always there that seems to take opposed actions and justify them . It doesn’t matter what the event happens to be there are maxims around to describe it . Traders often blithely choose the one that encourages only what they are doing . It was Orin Thevault that said that “selective perception” is what sociologists have called this . The most favored alibi comforts the trader when he deals with a smaller profit or even a loss .

Maxims are used as conventional wisdom by successful traders , that don’t have any value and that are general and that have no place in a trading plan . He knows that success as a trader includes more than than the right choice of a maxim.

“Nothing is so useless as a general maxim” .
– Thomas Babington
Lord – Macaulay – 1859

Supposedly, if any one rule or maxim was invariably correct it would be so used that its validity would be eliminated. Due to human nature, on a regular basis good maxims get broken . So, if we do have a good maxim , it probably doesn’t mean a whole lot does it? Because most people will not pay any attention to it anyway . People can’t remember everything . Maybe Lord Macaulay had it right . However, there are some maxims , which are applicable to good commodity trading . And, some of them are rather profound and should be committed to memory . Take your pick . Really , I’d suggest you take maxims that work for you, make your own collection and repeatedly question and test them .

MAXIMS THAT ARE ESSENTIAL

The best way you can get good results is on a small scale playing a favorable game, but still offering a good chance of success , is playing a favorable game on a large scale avoiding ruin with enough early profits . A basically unfavorable game may yield profitable results if you bet heavy and seldom play . The only road that leads inevitably to disaster is constantly playing a game that is unfavorable . This can be learned by taking a day trading online.

Good sports die broke .

Sure things don’t exist .

Traders sleep, markets don’t .

If enlightenment is the mutal goal, dialog is appropriate .

Success by accident usually turns into failure by accident .

Winning manifests both positive and negative aspects .

The things a few can do can’t be accomplished by man.

Take positions along the line of least resistance .

Sell off famine and purchase glut .

Sell news and buy rumors .

Bears and bulls can make money but hogs cannot .

Don’t buy at the bottom and always sell too early .

In a bear market but what won’t go down . Never buy something that won’t go up in a bull market .

Many a healthy reaction has proved fatal .

When market opinion leans to one side watch for a trend .

There is wisdom in patience . Wait for potential high profits.

Unless you have to take frequent positions, trade infrequently .

There is hardly a maxim that someone could not find fault with .

Use a safe deposit box to keep half of your profits.

It’s tougher to keep money than it is to make it.

Sure, the strong and the fast don’t always end up winning the battle, but you should bet on that.

MAXIMS FOR THE PESSIMIST

If it can go wrong, it will go wrong

No matter your results, someone else will make up a better fake one .

It doesn’t matter the results, someone will work to misinterpret it .

When you collect data , the figure that looks correct obviously – is usually the mistake .

It may be impossible to get a wrong number, but you can still find some way to do this.

Broad is the path that leadeth to destruction .

FUZZY MAXIMS

Loss should be cut and profits should be let to run.

( this is like encouraging someone to be happy and stay healthy. )

Buy only on down days . On up days you should only sell .

Only the school of hard knocks teaches better than a day trading online.

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Will The Trend Stop Or Continue On – Find Out How To Tell With Best Online Trading

17
May0

So you are starting out in trading and you’ve come up with a stock trading strategy of your own . You’ve taken best online trading and after some consideration you’ve deciding on trend trading for the style you prefer .

Trend trading is a strategy that is very attractive. Look at a stock chart retrospectively and the trending patterns jump out at you . You can salivate at the idea of catching a trend at its inception and riding on through the conclusion of the trend many months in the future. The money beckons and sucess is before you !

Alas, in the real world trading is not quite so easy . You get in on a trend – you may be a bit late or you get in near the trend’s beginning , but you do make it on board . As your predictions begin coming true and you are in this trade, you get a small profit . Then you have a strong day and then the market stops dead when resistance is hit by the stock. You tell yourself there will be more and you couldn’t move everything in a day anyway and so you add to your position . The market opens the following day, spends time going nowhere and then plunges south . Because you have added to your position you are fast back to breaking even and in fact by the time you have orders in place you have taken a loss . What occured ? How could you have know beforehand that the trend wouldn’t go on and that you should have taken the profit when the market started strong and then paused ?

Here are some trading tips that will tell when a trend will stop and when it will continue . If you use them with your technical analysis training you’ll be a step ahead of everyone else .

First of all : use higher time period charts to set your targets ; look for logical places of support and resistance to figure out where the market is going to stop or start moving .

If you can’t preduct areas of future resistance and support, or within your trading are unsure of how to coordinate your time frames , then you should look to a good best online trading course for some help . Drummond Geometry is one of the best but there are many schools of thought which are valid as well .

A tool is another element that you need with which to make judgments about the strength and robustness of a trend . Trends that are strong will break through support or resistance and a weak trend will stop and either go into sideways congestion at a point of resistance or support or it will reverse and move in the opposite direction . If your analysis tool kit has the right tool you can make a prediction of which action is more likely ; you’ll have to wait and see without the right tools , and there’s a good chance you’ll be disappointed .

To measure this appropriately you should use momentum tools and apply the tools to a timeframe smaller than that of the trend you are currently trading … in other words if you’re trading a daily chart, try to pick the low or the high with the trades , then to support the decisions you make intraday, you look at the hourly or half hour charts.

We’ll talk about this more in the second part of this best online trading series.