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Free ebook: Trading like a sniper


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To help many more small traders, we decided to make it Free to the public from now on and thanks to the support of all our clients. You can get a free copy as attached.

Trading like a Sniper. PDF

some of you may choose to trade by yourself. so, i spent time wrote this ebook for you guys to train your trading psychology. strategy is key but trading psychology is more important which contribute 80%+ to your success. if you want to trade like a sniper and pursue long term profits, then the book is for you.
wish you succeed in trading.

 

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2017-01-10-16-31-Achieving-Emotional-Control-in-the-Midst-of-Trading-Uncertainty_20170711204617-678x381.jpg

trader’s fear of loss is not only located in the here and now of his trading, but also in his history. And that history shaped how he sees the market, opportunity, risk, and reward. He adapted to avoid loss. This is his Adapted Voice reacting unconsciously (mindlessly) to the Prosecuting Attorney in his head.

This trader can hear a voice in him saying, “Don’t you dare be foolish. Don’t risk your capital stupidly. Keep a tight lid on your losses – or you’ll be left homeless.” Out of fear of loss inherited from a previous generation, his internal dialog limits who he can be today as a trader. Tragic – the historical dialog he trades from was transparent to him. Now, it is not. He no longer mindlessly has to be held prisoner by this intergenerational conversation of possibilities.

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This is a good video by Mark Douglas to learn from.

Psychology is IMPORTANT. Your temperament to different types of volatile trading methods IS SOMETHING YOU have to recognise, and then improve upon.

You cannot expect to win trades all the time. You have to learn to kept loses small and profits bigger, to win. So you can be wrong say, 75% of the time, but the bigger wins make you an overall winner. Many top traders have this sort profile.

The markets are there (MARKET MAKERS  --  MM) to take your opening positions (& close). Someone will take the opposite trade (often as a credit spread). Otherwise the MM also does a private deal with big money players, often, and trade for them privately. E.G. They need to sell 10m shares of stock X. They cannot place it all in one go as the price will shoot down big time. So the price will swing down and sometime later swing up to get an average price higher to sell the next batch.  The MM makes a handsome commission and takes out other players in the process. Besides computerised trading software is their ace card.

You WILL often see then shooting back in the opposite direction to take out stop loss positions, then reverse back to their original direction. Hence you are in a shark infested waters, if you do not learn trading methods. That is one of the reasons for the professionals to have that loaded dice advantage (there are others too).

It is EASY to an investor, for the long term IF IT IS A BULL MARKET FOR THE LONG TERM. You do not have to know anything to place a trade and win.

BUT WHAT HAPPENS, IF A STOCK TURNS, OR AN INSTRUMENT, OR A SECTOR, OR THE WHOLE MARKET?

How will you recognise it, or when  --- when it is too late?

The markets will NOT tell you and different professionals pull their hopes in different directions. And so a lot of the economics is "noise" regards trading. Business fundamentals ARE NOT analysed  OR FOCUSED ON as the MACRO ECONOMICS IS. Economists are wrong most of the times as their prediction models ARE PRIMARLILY BUILD ON LINEAR EXTROPLATIONS, short periods or on long periods. Life does not work that way. MARK DOUGLAS EVEN POINTS THIS OUT from another perspective.

See my other blogs to get an overview of how markets work.

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BEWARE!

Lot of cliques exist for traders and investors. And, there are many many indicators and even snake-oil investment methods merchants who may try to lure you to try them out. That can make it more confusing or, give you information not worth using.

Also, no trader should rely on indicators solely as they will not work at times. And use only key indicators and methods you are adapt at using well.

Tried and tested indicators and methods are useful. But note, indicators are mostly lagging indicators. Market Maker can and will push prices as they want which actually creates the indicators patterns. So price moves lead.

However, Market Makers can and do manipulate the way chart patterns are formed. They even buy or sell for their own accounts too. A lot of factual data exists from ex-market makers so check it out on the internet. Check out the various manipulate tactics used by them, e.g. slippage for buy or sell orders and incentives given to brokers by them. Market Makers make the market and they control the 1st and last hour of trading. 

WE SEE THE NET RESULT OF VARIOUS BUY / SELL PLAYS ONLY. What happens behind the scenes is something else.

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18 hours ago, skyreach said:

BEWARE!

Lot of cliques exist for traders and investors. And, there are many many indicators and even snake-oil investment methods merchants who may try to lure you to try them out. That can make it more confusing or, give you information not worth using.

Also, no trader should rely on indicators solely as they will not work at times. And use only key indicators and methods you are adapt at using well.

Tried and tested indicators and methods are useful. But note, indicators are mostly lagging indicators. Market Maker can and will push prices as they want which actually creates the indicators patterns. So price moves lead.

However, Market Makers can and do manipulate the way chart patterns are formed. They even buy or sell for their own accounts too. A lot of factual data exists from ex-market makers so check it out on the internet. Check out the various manipulate tactics used by them, e.g. slippage for buy or sell orders and incentives given to brokers by them. Market Makers make the market and they control the 1st and last hour of trading. 

WE SEE THE NET RESULT OF VARIOUS BUY / SELL PLAYS ONLY. What happens behind the scenes is something else.

100% agreed. the indictors can only be used to help make decision. nothing is 100%. No one can make money rely only on indicators. 

psychology contribute 80%+ 

 

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Online casinos have undoubtedly made it incredibly convenient to access a wide variety of casino games from this link. The ability to play from the comfort of your own home or even on your mobile device while on the go is a significant advantage. However, convenience should always be balanced with responsibility.

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  • 2 weeks later...
On 27/09/2023 at 18:25, Kiaramiles said:

Online casinos have undoubtedly made it incredibly convenient to access a wide variety of casino games from this link. The ability to play from the comfort of your own home or even on your mobile device while on the go is a significant advantage. However, convenience should always be balanced with responsibility.

there is no casino. it is actually a probability game for trading 

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When you start trading, there is stress for fear to lose money. however, we can learn to manage the stress by control our breath. Breathing is a unique hybrid to the brain and body. It is simultaneously autonomic and volitional. Due to its autonomic character, you are able to breathe without thinking about it. When you go to sleep, your breathing will go on about its business without your slightest concern. Due to its volitional nature, you can manage how you breathe when in an awakened state. It is this aspect, managing how you breathe, that is vital to emotional regulation.

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Breathing is like air supply to a fire. Just as a blacksmith will fan a fire with his bellows to produce a hotter fire, your type of breathing will either fan the arousal of an emotional fire or quell the fire.When the emotions of fear and anger are triggered, air supply to the brain is cut off. Consequently one’s capacity to think is shut off. Both of these emotions deal with the fight or flight motivation grounded in primitive survival impulses. Biologically you are predisposed to react rather than think. All the body’s energy is rerouted into the big muscles and is preparing you to fight or to flee. Thinking is not important at this time.
 
 
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Once breathing becomes a skill, it can be used like a rheostat for your heart rate. There is a reciprocal relationship between the rate at which you breathe and the rate at which the heart pumps. When breathing with long, deep breaths you produce a mood of calmness where the heart is at rest and the heart rate is slowed down. However if you speed breathing up (or stop breathing), you also speed up the heart rate. As the heart begins to beat harder and faster, an alarm is triggered in the survival brain and it triggers to fight or flight. An emotional hijacking (and a bad trade) is in progress. This, in combination with your cutting off your air supply to the brain, leads the primitive survival brain to overwhelm the thinking brain and become a runaway freight train. This is not conducive to successful trading.

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over trading

In a trained trader’s mind, the trader maintains an emotional state of disciplined impartiality. The feeling element of this emotional state produces a belief in the certainty that the trader can take advantage of what ever the market is willing to give it. This state of mind is much more conducive to effective trading and can be developed though memory enrichment and symbolic representation.

overtrading also make your wining rate lower and make you at disadvantages from the probability perspective. so from long run, over trading will make you reach a negative expectation on trading results.
 
 
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On 19/09/2023 at 15:27, Trading_psychology said:

100% agreed. the indictors can only be used to make decision. nothing is 100%. No one can make money rely only on indicators. 

psychology contribute 80%+ 

 

Absolutely. If we were to depend on only indicators then so many people can predict the next move. I believe what us best is studying the market movement and many using bot then to strategies our strategy with it. It might not be 100% but I think it will be at least better than depending on only indicators 

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