Stage of development, the trader
I try to describe the stage one after another, which is a trader in the period of training and experience. Of course, this is my opinion, but how many people have so many opinions. Some traders are missing some stage, or start with a better understanding of the basics, or they are so lucky that they start with good teachers.
And yet, many who have similar experiences can be useful to correlate these stages themselves c.
I. NoviceThe market seems to him a mysterious riddle. He sincerely believes that there are some simple secrets that experienced traders know, and if he manages to learn those secrets, or receive instructions from the "pros", it can succeed. He believes that there is some mysterious they who move the market in certain directions. He has to outsmart them, or to avoid traps, or to guess what they're doing to move along with them. He is looking for guidance, "hot" peaks. Asks questions like "When XYZ is expected to move?"
Believes that if the stock on good news goes down - this is manipulation of market makers. He thinks that if he finds the good news, the stock should go up. Excited with every tick in his direction and easy to find justification for each tick, which went against him, and ignore these developments. Without getting a warrant execution, accusing the broker. Suffered terrible losses in a single transaction, when the pain becomes unbearable, because he can not bring myself to take a small loss. The value of his portfolio makes huge fluctuations: up $ 5.000, down $ 10,000.
He buys stocks for a quick scalp, but if the stock goes against him, he finished reading the form of SEC, message boards, analyzing the fundamental of stocks and making sure that it is - a big investment. He buys everything that moves and is referred to, holds many stocks in the portfolio, and not income. Easily goes from excitement to boredom deytreydinga investment. Tries to take revenge after losses. Multiple losses, one after another making it timid and shy. Considering the money that he did, he immediately makes the projection of earnings for one month and one year.
II. Newbie gathered some experienceHe learned that stock does not move straight up or down. Understand the concept of kickbacks and jitter. No longer buy anything that is available. Trying to learn the routing order. They still exist, but no longer have the character of the mystery and stop scaring him.
It uses some elements of risk management, though still in many transactions fails to stop billing issues. Still looking for peaks and tips, but more selective. The books he reads, and traders with whom talks have convinced him that trading is hard work and difficult task. The value of the portfolio does not jump up and down every day, but some single loss is still bad, and much beating on it. He listens to traders with different approaches and tries to find someone with whom he will be comfortable.
III. TraderIt is much more skeptical of the peaks, guidance and news. He understands that the reaction of traders is not easy and it's not always easy to predict. Thus, he himself would prefer to react to what happens than to predict what will happen. Examines rules of reading tapes (and / or charts, technical analysis). He no longer blames the market makers to manipulate. If the stock goes against him - he believes his position wrong and goes without much thought. Nesrabotavshie feet, are rare events. No more mysterious THEM - there is supply and demand. He realizes that he has read the market and likely to go with them than to fight or try to outwit him.
His confidence in the success increases. The value of the portfolio goes up slowly, no sudden drops. He has several Strategies, which he liked, which he understands and uses. Routing order does not bring too much trouble. When the market changes its behavior, it becomes hostage to its own attempts to trade on this market with the help of non-performing models for a while and lose confidence.
IV. Seasoned trader experienceAbsolutely confident in their ability to make money trading. Can anticipate most of the events, because he knows how to operate traders. Can easily notice when things go wrong, and leaves immediately. Transactions take place without emotion, mechanically. He thinks clearly, is not upset by the losses and gains it is not encouraging. Do not blame someone or something when they lose. Has a loss larger than usual, but when there is something totally unexpected and comes up to them philosophically.
He remembers a lot of common and unusual cases in the market and can be easily identified and compared with the past of any event. When he feels the opportunity - makes a trade automatically. Order Routing is done without thinking. First, assess risk, and will never be up to their ears in a deal with the risk greater than he admits. Its activity corresponds to the activity of the market - it is not subject to forced. Reads the current information with regards to market regulations, almost every day learn something new. The value of the portfolio has been steadily going up, slowing down or stripping back a little with changes in the market.
I try to describe the stage one after another, which is a trader in the period of training and experience. Of course, this is my opinion, but how many people have so many opinions. Some traders are missing some stage, or start with a better understanding of the basics, or they are so lucky that they start with good teachers.
And yet, many who have similar experiences can be useful to correlate these stages themselves c.
I. NoviceThe market seems to him a mysterious riddle. He sincerely believes that there are some simple secrets that experienced traders know, and if he manages to learn those secrets, or receive instructions from the "pros", it can succeed. He believes that there is some mysterious they who move the market in certain directions. He has to outsmart them, or to avoid traps, or to guess what they're doing to move along with them. He is looking for guidance, "hot" peaks. Asks questions like "When XYZ is expected to move?"
Believes that if the stock on good news goes down - this is manipulation of market makers. He thinks that if he finds the good news, the stock should go up. Excited with every tick in his direction and easy to find justification for each tick, which went against him, and ignore these developments. Without getting a warrant execution, accusing the broker. Suffered terrible losses in a single transaction, when the pain becomes unbearable, because he can not bring myself to take a small loss. The value of his portfolio makes huge fluctuations: up $ 5.000, down $ 10,000.
He buys stocks for a quick scalp, but if the stock goes against him, he finished reading the form of SEC, message boards, analyzing the fundamental of stocks and making sure that it is - a big investment. He buys everything that moves and is referred to, holds many stocks in the portfolio, and not income. Easily goes from excitement to boredom deytreydinga investment. Tries to take revenge after losses. Multiple losses, one after another making it timid and shy. Considering the money that he did, he immediately makes the projection of earnings for one month and one year.
II. Newbie gathered some experienceHe learned that stock does not move straight up or down. Understand the concept of kickbacks and jitter. No longer buy anything that is available. Trying to learn the routing order. They still exist, but no longer have the character of the mystery and stop scaring him.
It uses some elements of risk management, though still in many transactions fails to stop billing issues. Still looking for peaks and tips, but more selective. The books he reads, and traders with whom talks have convinced him that trading is hard work and difficult task. The value of the portfolio does not jump up and down every day, but some single loss is still bad, and much beating on it. He listens to traders with different approaches and tries to find someone with whom he will be comfortable.
III. TraderIt is much more skeptical of the peaks, guidance and news. He understands that the reaction of traders is not easy and it's not always easy to predict. Thus, he himself would prefer to react to what happens than to predict what will happen. Examines rules of reading tapes (and / or charts, technical analysis). He no longer blames the market makers to manipulate. If the stock goes against him - he believes his position wrong and goes without much thought. Nesrabotavshie feet, are rare events. No more mysterious THEM - there is supply and demand. He realizes that he has read the market and likely to go with them than to fight or try to outwit him.
His confidence in the success increases. The value of the portfolio goes up slowly, no sudden drops. He has several Strategies, which he liked, which he understands and uses. Routing order does not bring too much trouble. When the market changes its behavior, it becomes hostage to its own attempts to trade on this market with the help of non-performing models for a while and lose confidence.
IV. Seasoned trader experienceAbsolutely confident in their ability to make money trading. Can anticipate most of the events, because he knows how to operate traders. Can easily notice when things go wrong, and leaves immediately. Transactions take place without emotion, mechanically. He thinks clearly, is not upset by the losses and gains it is not encouraging. Do not blame someone or something when they lose. Has a loss larger than usual, but when there is something totally unexpected and comes up to them philosophically.
He remembers a lot of common and unusual cases in the market and can be easily identified and compared with the past of any event. When he feels the opportunity - makes a trade automatically. Order Routing is done without thinking. First, assess risk, and will never be up to their ears in a deal with the risk greater than he admits. Its activity corresponds to the activity of the market - it is not subject to forced. Reads the current information with regards to market regulations, almost every day learn something new. The value of the portfolio has been steadily going up, slowing down or stripping back a little with changes in the market.
1 comment:
Черезвучайно интересно!!!...Но не чего не понятно!
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