tailieunhanh - Techniques of Tape Reading Definition_2

Tham khảo tài liệu 'techniques of tape reading definition_2', tài chính - ngân hàng, đầu tư chứng khoán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | CHAPTER 4 Learning to Trade for a Living 41 effort from the beginning because I did not feel fear. There was nothing to tell me that there was something to be afraid of. You learned of a few of my horror stories and they certainly instilled fear in me. I learned risk and management principles and I geared my inner self to trading. Now I have nothing to fear again. I don t believe that the market can take more from me than I m willing to give it. It s interesting how a beginner and an experienced trader can have the same belief yet a different understanding of the market. The biggest difference at the beginning stage was the lack of responsibility the beginners belief that trading is based on the market making and taking their money. Experienced traders know that it is they who are accountable for their trading and the money they risk and make on each individual trade. Beginners will never become professionals without being accountable for their own actions. Trading has nothing to do with what the market does to you. Another aspect of this belief adjustment relates to my Russian friend. She tried to learn a certain system from a trading service. Systems are not one size fits all entities. There are numerous systems and numerous books about systems. And I m sure there are many more to come. If I can just find the right system trading will be a piece of cake. We know this to be false since no system provides consistent winners from individual to individual. If a system existed that provided winners to all who used it there would be far more traders making a very good living. But the fact is that 90 percent of traders lose money. Within a group of traders applying the same system one trader makes more money than another and some don t make money at all. The system is the same so why are the profits different Trading again is about us and is just a reflection of who we are at any given moment. Let me illustrate. You are in the stock and it makes a couple ticks in your .