SECRET OF TRADING E-Book

Mitja Horvat

• Herausgeber: BookRix
• Kategorie: Geisteswissenschaft
• Sprache: Englisch

Veröffentlichungsjahr: 2017

Beschreibung

SECRETS OF TRADING

In this mini-book, I am not going to explain what the trend, range or breakout is. I assume that you already know. Through learning from our own mistakes I am trying to show what is happening in the head of a trader when trading. With the parallels from the world of sport and personal life, we will try to close the Pandora's box of trading.

Mitja Horvat

Leseprobe

Mitja Horvat

SECRET OF TRADING

CONTENTS   FOREWORD.. 1 1 – RISK MANAGMENT & STOP LOSS. 3 2 - DO YOU ENJOY WHAT YOU DO.. 5 3 – RULES. 6 4 – RITUAL & PREPARATION.. 8 5 – POSITIVE EXPECTATIONS. 10 6 – PATTERNS. 11 7 – RELATIONSHIP TO MONEY. 14 8 – TWO INDICATORS. 15 9 – LIFE STYLE & MISTAKES. 17 10 – MONEY MANAGEMENT. 20 11 – PROFIT. 21 12 – TRADIONAL JOB. 23 13 – RESPONSIBILITY & SELF-COACHING.. 24 14 – SYSTEM & THINKING.. 26 15 – LEARN FROM THE BEST & TRY NOT TO BE PERFECT. 27 16 – HISTORY DOES NOT REPEAT. 29 INSTEAD OF CONCLUSION.. 32BookRix GmbH & Co. KG81371 Munich

FOREWORD

Trading is a psychological game. Some call it a psychological sport. We need to train our mind in order not to defeat ourselves. First we need to control our inner world, only then can we expect changes in the external one. Our business is just getting started then, however to get there is a long way to go. Some traders already gave up and due to a very simple reason. Not recognizing the need to train. Or not wanting to. But if you want to succeed without training, I wish you good luck. Really a lot of it, because you will need it. If we are not "market maker" our goal is to be on the side of the winners. So, if the majority of traders is buying at a certain price, you buy too. Of course we won't always be on the winners’ side. The sooner we come to terms with this and take it to the reality of trading, the sooner we will make progress. In trade, we must be flexible in thinking. We have to put our ego aside. After all, we are in this business to make money, and not to stubbornly insist we are right because of our ego. When we learn market analysis, our journey is just beginning. Why? Because the share of the psychology of the final success is 80%, the rest is the analysis. The Exchange is not a game, but it is a business that requires 100% of an individual's psychological and physical readiness. If not ready, he/she will not last in a fight. But there will always be others who are ready.