October 2012
Beginner
240 pages
5h 7m
English
Content preview from Financial Times Guide to Technical Analysis, The
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20
The total trader – winning trading psychology
What topics are covered in this chapter?
How do we differentiate a trading winner from a loser? The 10 typical characteristics to look out for are:
- the overconfident tips and rumours monger
- the person in the crowd
- the fortune teller
- Mr/Ms Always Right
- Mr/Ms Perseverance
- Mr/Ms Ultra Rich who does not care about losses
- the person who refuses to place stop loss orders at the initiation of a new position
- the person who does not believe in his or her own trading system
- the stubborn technician who refuses to change with time no matter how many losses he or she has made
- the behaviourial scientist.
What are the objectives?
It is important to remember that professional traders do not make profits ...
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