06-20-11 05:37 PM
If you read BF or BS on the home page of Behavioral Finance you get a succinct look at some trader hazards out there.
Beginning traders also have to deal with small accounts and how losing affects the capital in those accounts.
emotions can run high from either perspective.
Some real 'tells on this are expressed in this thread.
One person cannot deal with the deserved opportunity to trade more contracts that progits have earned her the right to trade.
another person posts charts of trades that use almost no part of the trading opportunity and, to boot, they are poor trading entries on his sparsely annotated chart.
Fear is their common bond.
BF states the trader causes and emotiions control as well.
The fear is focused on money and NOT on acquiring skills or knowledge.
Skills and knowledge IS the antidote for fear it turns out.
Finding this out tacks alot of observayional time while working systematically with other learning traders. You can take their word for it.
There is little fear associated with learning. The fear has much to do with not having the experience of being wealthy. The same applies to problem solving when there is only a small budget to solve a large problem.
The solution to handling fear is to develop a routine that you can believe in. The one caveat is that the routine be absolutely risk free.
PA trading does not have a risk free routine built into it. Why not?
The reason is this: A simple repeated process has to be used. PA embodies an up/down orientation where horizontal lines are deployed. None of the lines work.
There is only one horizontal line in trading that always 100% of the time always works. this line is the line that proves to the potential trader just when a parallelogram has failed to complete.
What is all traders could begin to learn with only a few tools and they could always counton those tools? This does happen for many trading approaches and they all have this common characteristic. It is a trend following characteristic which is a leading characteristic.
by using this one line you get to always know when a trend is going along or when it is about to fail. this converts trend following which doesn't work to trend monitoring and analysis which foes work all the time.
the trafer's goal is to always "know that he knows". Using the bookmark on the FTT is where the begining of the end of fear happens
06-20-11 05:50 PM
where is the POWER in using a horizontal line to monitor and anlyze a market?
The bookmark is the dividing line for whether the slope of a trend has failed or whether it is continuing.
Lets say you do not know how to annotate but you may be willing to recognize that always "knowing that you know" is a DEFINITE TRADING ASSET.
One person recently posted that an entry and an exit are identical but opposite. This first sentence of a post was immediately rejected and called into doubt (probably out of fear of facing a new market reality type idea).
When the greenline is used at the point where two trends begin to overlap it is a powerful tool. It deals with point 3 of the parallelogram just the way "clean page 4" deals with point 2 of a parallelogram.
Taken together both rules always give the monitoring and analizing type trader full confident inthier trading approach. fear is not in the picture as a consequence.
What this thread is about is the fear in the hearts of most posters in the thread.
So I am taking this commonist element of learners and dealing with it head on with VERY POWERFUL tools that always work and NEVER fail to work.
Fear and anxiety need not be part of any trader's emotional set.
06-20-11 06:02 PM
Take one more look at the greenbook mark stemming from each FTT where the trend overlap begins.
Savor its POWER to help you not fear what you do not understand. read the BF piece named BF or BS; get used to the idea that you have personal failings called over reaction and under reaction and irratioinality.
fear is the 'tell that you use to make reasonable changes in your approach
If you read BF or BS on the home page of Behavioral Finance you get a succinct look at some trader hazards out there.
Beginning traders also have to deal with small accounts and how losing affects the capital in those accounts.
emotions can run high from either perspective.
Some real 'tells on this are expressed in this thread.
One person cannot deal with the deserved opportunity to trade more contracts that progits have earned her the right to trade.
another person posts charts of trades that use almost no part of the trading opportunity and, to boot, they are poor trading entries on his sparsely annotated chart.
Fear is their common bond.
BF states the trader causes and emotiions control as well.
The fear is focused on money and NOT on acquiring skills or knowledge.
Skills and knowledge IS the antidote for fear it turns out.
Finding this out tacks alot of observayional time while working systematically with other learning traders. You can take their word for it.
There is little fear associated with learning. The fear has much to do with not having the experience of being wealthy. The same applies to problem solving when there is only a small budget to solve a large problem.
The solution to handling fear is to develop a routine that you can believe in. The one caveat is that the routine be absolutely risk free.
PA trading does not have a risk free routine built into it. Why not?
The reason is this: A simple repeated process has to be used. PA embodies an up/down orientation where horizontal lines are deployed. None of the lines work.
There is only one horizontal line in trading that always 100% of the time always works. this line is the line that proves to the potential trader just when a parallelogram has failed to complete.
What is all traders could begin to learn with only a few tools and they could always counton those tools? This does happen for many trading approaches and they all have this common characteristic. It is a trend following characteristic which is a leading characteristic.
by using this one line you get to always know when a trend is going along or when it is about to fail. this converts trend following which doesn't work to trend monitoring and analysis which foes work all the time.
the trafer's goal is to always "know that he knows". Using the bookmark on the FTT is where the begining of the end of fear happens
06-20-11 05:50 PM
where is the POWER in using a horizontal line to monitor and anlyze a market?
The bookmark is the dividing line for whether the slope of a trend has failed or whether it is continuing.
Lets say you do not know how to annotate but you may be willing to recognize that always "knowing that you know" is a DEFINITE TRADING ASSET.
One person recently posted that an entry and an exit are identical but opposite. This first sentence of a post was immediately rejected and called into doubt (probably out of fear of facing a new market reality type idea).
When the greenline is used at the point where two trends begin to overlap it is a powerful tool. It deals with point 3 of the parallelogram just the way "clean page 4" deals with point 2 of a parallelogram.
Taken together both rules always give the monitoring and analizing type trader full confident inthier trading approach. fear is not in the picture as a consequence.
What this thread is about is the fear in the hearts of most posters in the thread.
So I am taking this commonist element of learners and dealing with it head on with VERY POWERFUL tools that always work and NEVER fail to work.
Fear and anxiety need not be part of any trader's emotional set.
06-20-11 06:02 PM
Take one more look at the greenbook mark stemming from each FTT where the trend overlap begins.
Savor its POWER to help you not fear what you do not understand. read the BF piece named BF or BS; get used to the idea that you have personal failings called over reaction and under reaction and irratioinality.
fear is the 'tell that you use to make reasonable changes in your approach
