Free ebook: Trading like a sniper

[Trading_psychology]

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.

 

[Trading_psychology]

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.

[skyreach]

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.

[Trading_psychology]

When you can manage your emotion, your psychology, you can profit with whatever strategy. 🙂

[Trading_psychology]

Trading is just a Game. Maths game you need trade with perspective of statistics and probability the eBook is not specific for binary trading. It is on general trading psychology. When you can manage your psychology, you can profit in any market with any popular strategy you are good at. Wish you succeed.

[Trading_psychology]

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.

[skyreach]

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 1^st and last hour of trading. 

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

[Trading_psychology]

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 1^st 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%+ 

 

[Kiaramiles]

Thanks for this interesting solution! Very useful!

[Kiaramiles]

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