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Trader’s Emotions

  
  Education
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The hardest thing about trading is not the math, the method, or the stock picking. It is dealing with the emotions that arise with trading itself. From the stress of actually entering a trade, to the fear of losing the paper profits that you are holding in a winning trade, how you deal with those emotions will determine your success more than any one thing.

To manage your emotions first of all you must trade a system and method you truly believe will be a winner in the long term.

You must understand that every trade is not a winner and not blame yourself for equity draw downs if you are trading with discipline.

Do not bet your entire account on any one trade, in fact risking only 1% of your total capital on any one trade is the best thing you can do for your stress levels and risk of ruin odds.

With that in place here are some examples of emotional equations to better understand why you feel certain emotions strongly in your trading:

Despair = Losing Money – Trading Better

Do not despair look at your losses as part of doing business and as paying tuition fees to the markets. (more…)

A new investment scam out there

  
  Education
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NEW SCAM100% return in 4 weeks ! (Guaranteed)
Trick 1) ; Client has to show that he has at least 1 M $USD (with due diligence done on the source of the funds)
Trick 2) ; Client’s funds are never removed from his bank (they show you their contracts, urgent you to show your lawyers, and bankers).
Trick 3) ; Bank issues a confirmation that client has the 1 M $ (clean money)
Trick 4) ; The salesmen then pretends that traders in London will borrow money based on that “confirmation document” and invested in the Forex market ; he then pretends that my client will collect 100% in 4 weeks.
Salesmen usually look above 40, well dressed.
Where is the trick ? Psychological ……….
1) Safety ; they repeat over and over that your money stays with you
2) They call you everday (after market close), and tell you what they traded 🙂
3) After 4 weeks of daily calls, you are so pumped up that you want your 100%
NOW.
4) Before paying you, they ask you to pay the traders, and the salesmen
commissions.
5) You pay 5% ……. then ? Nothing comes …….
Pure psychology ……
Pass this info around
PS : your friends will be in denial at first ; telling you that your are jealous ….

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