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Thread: Trading psychology

  1. #1
    Senior Member
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    Arrow Trading psychology

    Your feelings have an immediate impact on your account equity. You may
    have a brilliant trading system, but if you feel frightened, arrogant, or upset,
    your account is sure to suffer. When you recognize that a gambler's high or
    fear is clouding your mind, stop trading. Your success or failure as a trader
    depends on controlling your emotions.
    When you trade, you compete against the sharpest minds in the world.
    The field on which you compete has been slanted to ensure your failure. If
    you allow your emotions to interfere with your trading, the battle is over.
    You are responsible for every trade that you make. A trade begins when
    you decide to enter the market and grids only when you decide to take yourself
    out. Having a good trading system is not enough. Most traders with good
    systems wash out of the markets because psychologically they are not prepared
    to win.


    One Day at a Time
    You have probably seen bumper stickers on cars that say "One day at a time"
    or "Easy does it." Those are AA slogans, and people who drive those cars
    are probably recovering alcoholics.
    Planning for life without alcohol can seem overwhelming. That's why AA
    encourages its members to live sober one day at a time.
    The goal of every AA member is to stay sober today and go to bed sober
    tonight. ~ r a d u a l ld~a,y s become weeks, then months, then years. AA meetings
    and other activities help each recovering ii!coholic stay sober, one day at
    a time.
    Recovering alcoholics receive - and give others - invaluable support and
    fellowship at these meetings. They are held at all hours, all over the world.
    Traders have much to learn from those meetings.
    An AA Meeting
    One of the best things that a trader can do is go to an AA meeting. I especially
    recommend it to a trader on a losing streak. Call Alcoholics
    Anonymous and ask about the next "open meeting" or "beginners' meeting"
    in your area.
    A meeting lasts about an hour. You can sit in the back of the room and listen
    carefully. There is no pressure to speak, and nobody asks for your last
    name.
    Each meeting begins with a long-term member getting up and speaking
    about his or her personal struggle for recovery from alcoholism. Several
    other members share their experiences. There is a collection to cover
    expenses-most people give a dollar. All you have to do is listen carefully,

  2. #2
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    Feb 2010
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    Default

    good info.thanks!

  3. #3
    Member
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    Feb 2010
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    Just wondering what happens if a client makes losses on the positions taken against the margin obtained by pledging shares in supertrade from reliance money?

  4. #4
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    Default

    also Through which all trading platforms can the client avail this facility?

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