Clever thoughts of successful traders

Here from different sources rules, thoughts, sights of real professionals are collected.

1. Consider losses as a tuition fee.

2. Never enter into the market if losses exceed the established limit.

3. To drop a trading signal very badly – it is possible to miss the big profit. It is necessary to use each trading signal. Against losses there is a protection – the stop warrant, and against the missed possibility – is not present.

4. It is necessary correctly and to establish always inside the trading stop warrant.

5. The trading system should be always developed and adapted under the concrete person.

6. Any trading system has the period of a series of losses.

7. Concentrate on trade process, instead of on result.

8. The most doubtful input in the market can give rather significant profit.

9. Use of trading system allows to get rid of display of emotions.

10. A correct order:

· – psychology

· – management of risks

· – market research

11. Think over set of scenarios of succession of events and be ready to their realisation.

12. The basic emphasis in short game with the short stop warrant – to find the best point for entry.

13. One of favourite figures – wandering of the price from a minimum to a maximum during the recurrence period.

14. A key rule: do not try to profit in bad trade, try to leave with the least losses.

15. In business where money is fast lost, they as can be fast returned.

16. Before to lift a tube, slowly I consider to ten – lately to think.

17. I simply person and consequently I do errors. The problem – to do them less often, more fast to distinguish and correct them immediately.

18. The purpose – to be with profit every day.

19. The most important ability – ability to perceive a figure in the market.

20. Discipline and concentration.

21. Trade is similar to game on a musical instrument: trainings, trainings and never it is impossible to reach perfection, but each time is received better the previous.

22. Specialisation: one market, one figure.

23. If you ask opinion on the further movement of the market – it is a high time to bowl off.

24. The critical error – to think that others know something more you and to avoid entry in the market in items “it looks too well to be the truth”.

25. To think soberly when others are covered by a panic.

26. As it is possible stand in profit longer.

27. Stop warrants. Initial it is less, than the trading moving.

28. In time distinguish and supervise own greed.

29. Last achievements do not guarantee success in the future.

30. If you are not able to lose money – you have nothing to do in business, especially in dealing.

31. The positive motivation yields positive result

32. Time stop. An exit from the market after some time if the prices do not go in the necessary direction.

33. Now the market has less breakdowns.

34. The Central Banks play against trends. If you have allocated a trend, means, is possible it will soon end.

35. Large players, including central banks, operate imperceptibly, is reserved. If you see a great movement against you, and the reason is not clear – leave the market, declare the reason later.

36. Movement of currencies frequently begins in Europe.

37. Less than 5 % of the capital and necessarily stop warrant. In the beginning advance where to leave, and then – where to enter. It is not assured- leave. A healthy dream – warrants loss and profit. You start to think only after an exit from the market. The profit is accumulated slowly, losses kill instantly.

38. Use of another’s opinion and thoughts – a direct way to defeat. If you sum up the style and still someone’s, you sum up negative sides of both styles and reduce the positive.

39. Nobody can operate the market. Cases happen (interventions), but last not for long.

40. The useful idea – graphically to reflect a state of the account, for example, in the form of week bars.

41. In the small market to trade better (it is better AUD than CHF).

42. The technical analysis tells the past, but cannot advance the future. But the technical analysis can prompt much.

43. False breakdown – the best parity profit/risk.

44. In the beginning advance the purpose and stop, and already then enter into the market.

45. A rough error – ?personirovanie? the market.

46. For successful long-term game it is very important to study tendencies in economy of the countries.

47. Place stop in a point which achievement obviously signals about trend change.

48. The trading system – the instrument, and blindly to obey it there is no sense

49. Write down all thoughts, plans, results, the reasons. Write down everything that you do.

50. It is very important to expect unexpected, to expect extrema. The principle is simple – “was not – will be”.

51. The good system should keep you in a trend.

52. For want of “the directing” information the market gravitates to casual process. (It is convenient to trade on currencies on which there is not enough information).

53. To be successful, you should advance all on a step.

54. An error is focusing on short-term results.

55. To be the good trader, sometimes it is necessary to go against price range.

56. Never open too many items.

57. Mental stop, after of Perforation which varies submission about game.

58. Risk management – the most important in trade.

59. Installation of the stop warrant for the account. (Management of the account, as the prices).

60. Trading rules:

- Do not average unprofitable items

- Reduce an item in loss a cycle

- Increase an item during the advantageous period

- Never trade in a situation when has lost the control.

- Before an exit of messages reduce or close items (it is gambling, instead of trade)

- In the lost item leave immediately, there is nothing better, than fresh start

- Play from defence, instead of against approach

- Constantly analyze unprofitable items

- Do not forget to analyze advantageous items if they start to go in the opposite direction – plan an exit point

- Not be the hero

- Not be the egoist, always doubt itself and the abilities

- Do not think that you became already best, during the following moment you will be “dead man”.

61. The big money is done on a market turn.

62. Do not try to catch the top or the bottom is will ruin you.

63. Good money can be received, having risen in the middle of a powerful trend (i.e. to wait when the trend will be designated).

64. The trend happens 15 % of time, the rest of the time the market wanders.

65. Successfully it is possible to trade and with the small account.

66. Trading system to construct probably.

67. In the beginning I move the prices, the fundamental data comes later.

68. Be not focused on process “to gain money”, be focused on preservation of that is.

69. Discipline, the plan, homework.

70. Establish stop at once as has entered into the market.

71. Constant revision corrected – evolution process.

72. The gut feeling is very important. But it is very important to feel a difference between illusions and a gut feeling.

73. The psychology is a car, and the analysis – a road map.

74. Each receives that deserves.

75. Having expressed of opinion, you try to follow this opinion.

76. All winning wish to win, all losing like to lose.

77. The market is inefficient, therefore a great attention give probability calculuses.

78. The market varies, but people do not vary.

79. The law of great numbers works on us. Investigate the big files from the likelihood point of view. Be the statistican.

80. Reduce risks a diversification.

- Trade on set of the markets

- Trade in various trading systems

81. Three signals (traffic light) of trading system:

-
Green – it is perceived all signals

- Yellow – we start to liquidate items and it is not opened the new

- Red – immediately, automatically we close all items

82. Similarity of the markets in identical management of risks.

83. Than more than rate of your risk, especially uncertain result.

84. There are no the rich people taking small profit.

85. Two key rules:

If you do not risk – you do not win.

If you lose all capital – you cannot risk.

86. Use standard deviation.

87. Turn to successful trade occurs:

· when you separate the ego from process of making of money

· when you are capable to perceive errors and to accept losses

· your prize always you will wait (if you save money)

88. If you it is regular, every month earn money, anything bad with you cannot happen.

89. Never “stiffen”, when you attack (come or recede)

90. Never risk safety of a family.

91. Before to open an item, wonder: “I really want it?”

92. After the big profit (the prize period) play the minimum item. After the big profit heavy losses follow.

93. “To fish at the bottom” – the most indicative example of gambling.

94. Every year to begin anew. On first of January – I the beggar.

95. If the market tries to fight in some direction, it, probably, means that it and further will go in this direction. (If you manage to eat low with possibility that the prices will go even more low). And what if stop with revolution???

96. In 95 % of cases if you play against “hysteria”, you win. If you “has beaten out” – try to enter once again into the market (use the market position channel!)

97. That you know, others not necessarily know. (That has made out in schedules, is not obligatory that others see).

98. In the market there can be everything because the majority of participants do not know and do not understand that they do.

99. If not you know what to do – better nothing to do. It is better to wait, when the situation will start to clear up (To management of risks does not concern, do not know what to do – leave the market).

100. At the very bottom purchase the few, further purchases the majority, schedules look well. In the end purchase because all for a long time so do.

101. The market is constantly right subjectively (the truth strong) and is not right objectively (in comparison with conceiving people).

102. “To make the determinate sum” – in the market it is very harmful and dangerous purpose.

103. Losses keep because consider that they will not be big and will not grow. Profit collect early because are afraid that it will decrease. Instead the trader should be afraid of the big losses and hope for the big profit.

104. The serious error to represent profit or loss in the form of material subjects.

105. To become successful, listen, listen to others and do not open companies.

106. Scalping. Take from the market so much, how many you can.

107. A principle of Pareto (80:20)

108. Do errors, but do not do them successively.

109. As well as on any work it is important to be kept at first, it will be easier further.

110. The patience distinguishes the winner from the lost.

111. The combined stop. After level passage to leave under the best price. (For more difficult management of capital).

112. It is necessary to get used to success too.

113. Be disciplined and do homework. Probably, you will not become the rich man, but $300 a day can make, for a year it is 75000$.

114. One lot. (It it is quite enough).

115. Risk management elements:

· Always precisely know, where you are.

· do not concentrate all money for one big game or correlation trade.

· Understand a parity Profit risk by the current moment, instead of at the moment of an input or a prospective exit.

116. Market FOREX – very psychological market.

117. Pyramids towards profit.

118. Do not enter and do not leave all items at once.

119. Avoid aspiration to be always right.

120. Input and exit crushing allows to achieve the best indicators at an input and an exit.

121. Analyze response of the market to essential fundamental news.

122. A success basis – a positive population mean.

123. The statistics should be a basis of trading system.

124. “The rough” statistical instrument and the strong engineering is necessary.

125. The instrument should not react to emissions in statistical to a number.

126. Try to think about everything that can be wrong in your system, and search for all suspicious.

127. The person aspires to order the data and frequently in the casual data sees a certain structure.

128. To purchase on отскоке – doubtful employment.

129. Avoid things which give you comfort, usually it “false comfort”.

130. System construction on the current data – very difficult, but very important problem.

131. Fans are broken, taking heavy losses, professionals – taking small profit.

132. A problem that the profit, and frequency of advantageous items is maximised not. Increasing quantity of advantageous items, the player frequently plays against itself.

133. A parity of prizes to losses – the least important parity in trading system.

134. People look at current prices as on “normal”, and on any shift in the prices – as on a deviation from a normal state.

135. On arising trend frequently look as at a deviation and play against it.

136. Those who does not presume to lose to itself money is better play.

137. If you cannot force to do yourselves correct things (for example, an exit with small losses), hammer in the strict rule into trading system.

138. The big profit can have stronger negative effect on mentality, than heavy losses. After the big or long profit very often there are terrible failures. Losses do you more strongly, victories weaken.

139. Decide for yourself in what you measure the success, in money or in something by the friend. To win, measure in money.

140. In losses attend to market researches. During this period appears

The good motivation to improve itself.

141. The majority of people trade worse, than the car with casual game.

142. A limit to exhibit on all and it is obligatory.

143. Another’s trading systems are good for extraction of ideas at construction of the own.

144. The market is not casual, but also is not rational. Irrational behaviour зашумляет the schedule of the prices.

145. Classical figures are almost useless.

146. The market operates with psychology, than the fundamental data more.

147. Pure fundamentalists kills.

148. Schedules reflect human psychology.

149. Human mind is stronger than any computer in the analysis of schedules of the prices.

150. The period of losses – the best time for study. You distract from the gloomy. You do something positive (Not all so badly).

151. Three stages in hierarchy:

-
Capital protection.

-
Stability.

-
(1 + 2) = the Big profit.

152. The trend line is important for advancing correctly.

153. A figure “Key” – actions of professionals.

154. Positive МО.

155. In bad system it is impossible to win in the long-term plan. But using management of capital, it is possible to get short-term big profit.

156. We become that, in what we trust.

157. The person is capable to work wonders. The person can cross La Manche three times, drink hundred mugs of beer, go barefoot on the heated coals, the person can learn more than thirty languages, to become the Olympic champion on boxing, to invent the TV or a bicycle, to become general ГРУ or the billionaire. All in our hands. Who wants, that and can. The main thing – to want something, and then all depends only on training.

But if to train the memory, muscles, mentality regularly… Anything from your invention it will not be received. The regularity of trainings is important, but in itself she decides nothing. One odd fellow trained every day. Once a day it lifted an iron. Trainings proceeded regularly within ten years – its muscles have not increased.

The success comes only when each training (memories, muscles, mentality, will power, persistence) leads up the person to a side of its possibilities. When the training end turns to torture. When the person shouts from a pain. Training is useful only when it makes the person to a side of its possibilities, and he knows beyond doubt this side: I can jump upwards on 2 metres, I can be wrung out from a floor 153 times, I can remember for once two pages of the foreign text. And each new training is useful only when it will be attempt to break an own yesterday’s record: I will die, but 154 times will be wrung out.

Us drive on trainings of the future Olympic champions. Here they, fifteen-year boxers, five years’ gymnasts, three-year swimmers. Look at expression of their persons. Wait the latest moment of training day when on a small children’s face there is a malicious determination to break an own yesterday’s record. Look at them! Sometime they will bring Olympic gold. Look at this person! How many in it of pressure. How many a flour! It is a way to glory. It is a way to success! To work only on a limit of the possibilities. To work on the verge of failure. The champion is the one who knows that the bar now will knock down it, but pushes it upwards. The one who has won itself(himself) wins this life only. Who has won the fear, the laziness, the uncertainty.

Similar articles:

• The fear reasons
• We perfect discipline
• Notes September 23
• Rules Risk of Management of my INSTRUCTOR
• My main trade rules in June 2010