Ouro/Dólar AmericanoEducacional
STAGES OF FORMATION OF A TRADER
Atualizado
⚡️Hello traders, today I would like to share a lesson that I have experienced, hopefully it will help you a little on your professional trading path.⚡️
Stage 1: Unconscious mastery.
⚡️This is the first stage when you enter the market and start trading. You think this is a very good way to make money because you hear a lot about it. and also a lot of people make a lot of money from Cryto. Unfortunately, it's like the first time you try to drive a car, you think it's easy, but if you've learned and know how to drive you see how difficult the learning period is. Prices in the market go up and down. It's like sitting in front of a steering wheel for the first time, and you'll quickly realize that you don't know what to do with it. You enter the market, look at the price up and down and don't know what to do with it, you trade a lot and take on a lot of potential risks without your knowledge. When you buy, the price decreases, you are a little worried and then you exchange, when you sell, the price goes up ... And so on. You want to get out of that losing spiral by increasing your trading volume every time you feel "sure", sometimes you win and get all your losses back, but then you end up with a down line on your account summary. Stage 1 starts like this and usually lasts about a few months to a year and then you quickly move on to the second stage.
Stage 2: Not consciously proficient.
⚡️The second phase officially begins when you find that you cannot trade with such a "blank head". You realize that you are a "moose" with no knowledge or skills at all, to be able to trade well and profitably you need to learn more things. During this period you will buy systems, books, read countless documents, websites from east to west from north to south. And you begin your search for the "holy grail" for yourself. During this time you are a "system believer" you will switch from one method to another, from one system to another, monthly, weekly or even daily, you never use a method or system long enough to see if it is really profitable for you or not. Every time you are exposed to a new indicator, a new system, you always think that this time with this you will "win the market" and make a difference, and that you have found the secret, found the "holy grail".
⚡️You use all kinds of MA, Fibd, S/R, Pivots, Fractals, Divergence, DMI, ADX ... and hundreds of thousands more in the hope that our "one-of-a-kind" system will work. With that "homemade" system you think you will be a talented bottomer, you believe with the indicator with the parameters you think will find exactly where the price will reverse and so you just embrace losing orders, or even add them because you think you are right. You go to groups where traders make money day in and day out and you wonder why it didn't happen to you – you ask countless questions, many of which you find silly when you read them. And after all these questions you conclude that the guys out there are all lying — they can't make that much money because you've studied like them, done like them, or you even think you've learned a lot and done more but you don't make any money. That proves they are lying. But they're still there, their accounts keep growing, while yours is the opposite.
⚡️You're like a teenager in puberty — successful traders are always willing to give you advice but you're stubborn because you think you know the best thing to do — you don't pay attention to their words and even increase their leverage, saying it's okay to do it. After so many systems and robots you think of real-time signal services, providing "minute-by-minute tactics" from someone you believe can help you, but the results haven't changed. And so slowly you will get out of this stage, maybe to finish it you will take a lot of time, even 2 or 3 years and of course follow your accounts. However, many people give up when they do not make it past this stage.
And stage 3: The "A HA! Found it."
⚡️You can only really exit the second phase when you realize that no indicator, system or robot can help you find regular profits in the market. That what makes the difference is not in the system but in who you are. You realize that prudence can make money with just 1 simple MA and nothing else is needed IF you get a right thinking head and effective money management method. You start reading books about psychology in trading, and find out how a trader has to think when they trade. And finally the "A HA" moment comes to you. This moment creates a connection that is formed in your head. You realize that it's not just you, but anyone else who can't predict what the market will do in the next 10 seconds, let alone 20 minutes.
⚡️You begin to stick closely to the system you have chosen that suits your trading style, you begin to feel happier and more comfortable in trading, and always determine the risk threshold you can take in each trade. You start trading all the brands that the system offers, with a high probability of winning. When a trade suffers a loss, you don't become angry or scared because you know you can't predict what the market will do so it's not your fault – if a trade doesn't go well, you will get out. The next trade will have a higher probability of winning because you know that your simple system always wins. Now you realize that trading is just a game where you only have to do one thing and one thing – follow all the signals that the system provides and trade all those signals. Now you really learn about the meaning of money management, leverage, and account risk... And now you really see that the advice you received before really mattered, even though you ignored it at the time, but now you are ready. This stage ends when you truly admit that you cannot predict the market.
Stage 4: Conscious mastery.
⚡️Now you enter the trade no matter the signal the system tells you, you lose as easily as you win. You now let profitable trades for the market reach their final point and you can easily exit quickly in losing trades with minimal damage to your account. You can break even most of the time, some weeks you make a few hundred dollars and some weeks you lose a few hundred dollars and generally you don't lose money. Some days you make $50 and then lose $30, but you don't think it's a loss because you know that eventually the money will come back to you, because your system makes more money than it loses. And gradually you will find that you earn more money and earn money on a more regular basis. This phase will probably last 6 months to 2 years and you will go through stage 5.
Stage 5: Unconscious mastery.
⚡️Remember how I compared trading to driving above? Now just like driving, when you're proficient, you just sit in and trade You don't pay much attention to everything else and you've really entered the unconscious stage. Earning 100 pips 1 trade for you becomes easy and normal. You are in control of your emotions and your account grows rapidly. You start a trading room and people listen to you, they ask you a lot of questions and you also recognize yourself in those questions a while ago when you were stuck in stage 2, you know that some of them will get to where you have been, Some people will go faster than others, but there will be a lot of people who will be permanently stuck in stage 2 and they give up. Now you can hold your head high and say, "I am a currency trader."
Stage 1: Unconscious mastery.
⚡️This is the first stage when you enter the market and start trading. You think this is a very good way to make money because you hear a lot about it. and also a lot of people make a lot of money from Cryto. Unfortunately, it's like the first time you try to drive a car, you think it's easy, but if you've learned and know how to drive you see how difficult the learning period is. Prices in the market go up and down. It's like sitting in front of a steering wheel for the first time, and you'll quickly realize that you don't know what to do with it. You enter the market, look at the price up and down and don't know what to do with it, you trade a lot and take on a lot of potential risks without your knowledge. When you buy, the price decreases, you are a little worried and then you exchange, when you sell, the price goes up ... And so on. You want to get out of that losing spiral by increasing your trading volume every time you feel "sure", sometimes you win and get all your losses back, but then you end up with a down line on your account summary. Stage 1 starts like this and usually lasts about a few months to a year and then you quickly move on to the second stage.
Stage 2: Not consciously proficient.
⚡️The second phase officially begins when you find that you cannot trade with such a "blank head". You realize that you are a "moose" with no knowledge or skills at all, to be able to trade well and profitably you need to learn more things. During this period you will buy systems, books, read countless documents, websites from east to west from north to south. And you begin your search for the "holy grail" for yourself. During this time you are a "system believer" you will switch from one method to another, from one system to another, monthly, weekly or even daily, you never use a method or system long enough to see if it is really profitable for you or not. Every time you are exposed to a new indicator, a new system, you always think that this time with this you will "win the market" and make a difference, and that you have found the secret, found the "holy grail".
⚡️You use all kinds of MA, Fibd, S/R, Pivots, Fractals, Divergence, DMI, ADX ... and hundreds of thousands more in the hope that our "one-of-a-kind" system will work. With that "homemade" system you think you will be a talented bottomer, you believe with the indicator with the parameters you think will find exactly where the price will reverse and so you just embrace losing orders, or even add them because you think you are right. You go to groups where traders make money day in and day out and you wonder why it didn't happen to you – you ask countless questions, many of which you find silly when you read them. And after all these questions you conclude that the guys out there are all lying — they can't make that much money because you've studied like them, done like them, or you even think you've learned a lot and done more but you don't make any money. That proves they are lying. But they're still there, their accounts keep growing, while yours is the opposite.
⚡️You're like a teenager in puberty — successful traders are always willing to give you advice but you're stubborn because you think you know the best thing to do — you don't pay attention to their words and even increase their leverage, saying it's okay to do it. After so many systems and robots you think of real-time signal services, providing "minute-by-minute tactics" from someone you believe can help you, but the results haven't changed. And so slowly you will get out of this stage, maybe to finish it you will take a lot of time, even 2 or 3 years and of course follow your accounts. However, many people give up when they do not make it past this stage.
And stage 3: The "A HA! Found it."
⚡️You can only really exit the second phase when you realize that no indicator, system or robot can help you find regular profits in the market. That what makes the difference is not in the system but in who you are. You realize that prudence can make money with just 1 simple MA and nothing else is needed IF you get a right thinking head and effective money management method. You start reading books about psychology in trading, and find out how a trader has to think when they trade. And finally the "A HA" moment comes to you. This moment creates a connection that is formed in your head. You realize that it's not just you, but anyone else who can't predict what the market will do in the next 10 seconds, let alone 20 minutes.
⚡️You begin to stick closely to the system you have chosen that suits your trading style, you begin to feel happier and more comfortable in trading, and always determine the risk threshold you can take in each trade. You start trading all the brands that the system offers, with a high probability of winning. When a trade suffers a loss, you don't become angry or scared because you know you can't predict what the market will do so it's not your fault – if a trade doesn't go well, you will get out. The next trade will have a higher probability of winning because you know that your simple system always wins. Now you realize that trading is just a game where you only have to do one thing and one thing – follow all the signals that the system provides and trade all those signals. Now you really learn about the meaning of money management, leverage, and account risk... And now you really see that the advice you received before really mattered, even though you ignored it at the time, but now you are ready. This stage ends when you truly admit that you cannot predict the market.
Stage 4: Conscious mastery.
⚡️Now you enter the trade no matter the signal the system tells you, you lose as easily as you win. You now let profitable trades for the market reach their final point and you can easily exit quickly in losing trades with minimal damage to your account. You can break even most of the time, some weeks you make a few hundred dollars and some weeks you lose a few hundred dollars and generally you don't lose money. Some days you make $50 and then lose $30, but you don't think it's a loss because you know that eventually the money will come back to you, because your system makes more money than it loses. And gradually you will find that you earn more money and earn money on a more regular basis. This phase will probably last 6 months to 2 years and you will go through stage 5.
Stage 5: Unconscious mastery.
⚡️Remember how I compared trading to driving above? Now just like driving, when you're proficient, you just sit in and trade You don't pay much attention to everything else and you've really entered the unconscious stage. Earning 100 pips 1 trade for you becomes easy and normal. You are in control of your emotions and your account grows rapidly. You start a trading room and people listen to you, they ask you a lot of questions and you also recognize yourself in those questions a while ago when you were stuck in stage 2, you know that some of them will get to where you have been, Some people will go faster than others, but there will be a lot of people who will be permanently stuck in stage 2 and they give up. Now you can hold your head high and say, "I am a currency trader."
Trade ativo
Nota
⚡️Tomorrow I will conduct a series of courses on technical analysis methods, trading psychology, and some indicators that big traders often use, please follow along.Trade ativo
Nota
Steps to overcome the fear of losing money1. Don't worry about it too much - If you are a beginner, know that this is natural and even good for you. You should be scared. This is your money. You worked hard to earn it. Fear does not mean you cannot trade. Knowing how to control fear is also something that takes practice. It will come. ⚡️
Nota
2. Trade a small amount with a low leverage – You won't risk too much. You don't have to put a lot of money in your trading account (even if they tell you you should). Your main goal is to avoid risk. Only when you control risk will profits come to you.Trade ativo
Nota
Trading with a high leverage exposes you to higher risk because each price movement creates a large change in the value of your position. This is true when there are profits as well as when there are losses, but when any loss occurs it is a big deal. So trade with a low leverage.Nota
3. ⚡️ Control your risk by placing Stop Loss at the price you expect. This means that you cannot move the Stop Loss once you have placed it. Let the command continue to run until it finishes.Nota
4. ⚡️ Choose a trading method and stick to it. A complete trading system will give you rules about patterns, entry and exit points, and it will be a plan that you can follow.Nota
5.⚡️ Control your trading psychology. You must learn to control your emotions to become a stable and reliable trader. Controlling your emotions will also reduce your fear of losing money and also ensure that it does not make you despair.Fear is good. It helps you be cautious. Just make sure it doesn't dictate all of your actions. Use the tips above. They can help you become a better forex trader.
Nota
⚡️ I will close this article here and write another psychological analysis article, hoping it will help everyone. Thank you everyone for following.Nota
⚡️If you are looking for books to read, these will be some books of interestBooks to read when trading finance, stocks, real estate, Crypto, Forex:
1. Currency War - Shong Hong Bin
2. Forex market- Ed Ponsi
3. Death From Stocks Jesse Livemore- Richard
4. How To Trade Stock Jesse Livemore
5.Trading For Living - Alexander Elder
6. Smart investor -Benjamin Graham
7 . At the Top of Wall Street - Peter Lynch
8 . Financial Alchemy -George Soros
9. Wall Street Hoax -Michael Lewis
10 .Black Swan -Nassim Nicholas Taleb
11. Warren Buffett's Laws- Jeremy
12. Warren Buffett: His First 22 Deals and Valuable Lessons from Mistakes - Glen
13. Even Buffett Isn't Perfect - Janjigian
Trade ativo
Nota
⚡️CAPITAL MANGEMENT🔼Capital management will not help you quickly increase profits, but it will always help you survive in the market, at least for as long as possible, it will be a shield to protect you when being marketed. attack field.
🔼One thing I have seen over the years is that the vast majority of people who manage money well always outlast those who manage money ineffectively.
Besides, it cannot be denied that capital management is also managing your own psychology, leading to behaviors of fear and hope in you.
Nota
⚡️For a professional trader, trading psychology long enough will help him gain enough experience. Helping him handle risky situations in the future, being old in the market will help him always have a higher chance of survival than new traders.⚡️You have also read a lot about this in this book. Trading psychology is trained over time and money. The longer you live in the market, the more stable your psychology will be. The market and time will be the only things you see in your trader's life
⚡️If you step on the plane and the crew announces that our flight is being controlled by a newly graduated captain, will you feel reassured by an announcement controlled by a captain with over 5 years of experience?
⚡️In financial transactions, too, find yourself someone experienced enough to guide you. That is the orientation in the search for the holy grail that Traders are aiming for. Instead of the huge false profits that people out there are spreading to your hot heads
Nota
⚡️ Investment genius Jesse Lauriston Livermore once commented:"An investor who lacks discipline will never be successful in the stock market." The first thing that can be said is that it is changeable. Investors of this type are often very observant and change their trading methods. They do not realize that effectively using a trading system takes time. If investors themselves do not stick to a system or trading method long enough, try it for a few weeks and it seems fine, then when it does not work well in a certain market condition, they will look for another method. new method and then just stay in a vicious circle that you yourself create.
⚡️ Remember that no one trading method works across all market conditions. Our job is to persistently pursue the method we choose in a disciplined manner, recognize market conditions where the trading method does not work effectively, limit it, and take corrective measures. dress. Don't listen and believe in anyone, just "Follow your systems", follow your own investment method, take notes and summarize the lessons after each transaction "Why do we win, why do we lose?" Why..." and then summarize and learn from experience for future transactions.
Nota
A complete trading system includes:⚡️Factor 1: Price trend 🔼
🔼 You can use all the methods that you consider the holy grail such as: Ichimoku, Fibonacci, Trendline, MA, Bollinger Bands, inter-market analysis methods, fundamental analysis methods, analytical methods Market psychology, But the first factor I want to ask is, looking at that system, is the price trend increasing, decreasing, or moving sideways? Regardless of the school or system, the vital factor is still PRICE TREND.
⚡️Factor 2: Entry point, Stop loss point and take profit point.⚡️
🔼 A trading system needs to show you an optimal entry point at the best price, a stop loss level to protect your account and a take profit point based on price expectations.
👉- Signal signaling 1 point to enter a buy/sell order?
👉 - After entering an order, where do I stop my loss?
👉- After placing my stop loss, where is my exit point?
Nota
⚡️ Every day, try to take notes, or remember mistakes in trading, analyze those mistakes, if mistakes are repeated too much leading to losses, try to eliminate them for the next trading sessions. next translation. Time has proven that all genius traders are successful thanks to their mistakes, failures, and burning accounts, but they only have one common characteristic: always analyzing their mistakes. and don't repeat them.Nota
CULTURAL CHARACTERISTICS YOU NEED TO ELIMINATE IF YOU WANT TO TRAD SUCCESSFULLY:1. GREED WITHOUT PLAN
⚡️ We are often too greedy, but do not have a specific plan for profit expectations, how much is enough, how much should we stop, being insatiably greedy leads to paying a higher price later on. successful transaction
2. GATO CULTURE.
⚡️ Criticizing, attacking, refusing to learn and absorb are factors that will not help you expand your mind, and will not receive useful experience sharing from the community and successful traders.
3. TOO EMOTIONAL:
⚡️ In financial trading, there is no room for emotions. A person who is too emotional will never have a stable trading style, which will make the Trader's path even more difficult and make it easier to act on emotions. counted in those shots
4. NOT BEING HONEST WITH YOURSELF:
⚡️ Honesty and sincerity with the market are very important factors that help us look directly at the problem to correct mistakes, instead of being flowery, cliché, exaggerated and virtual.
5. FOMO PSYCHOLOGY:
⚡️ FOMO psychology is a psychology that we have seen many generations swing to the top, participating in losing money games => basically arising from emotions + greed.
6. NO PATIENCE: Many people cannot wait patiently, always want to enter orders, also want to have orders to see and feel, We need to wait for a good Entry, a clear signal to be ready for 1 trading order.
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