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Easy day trading for beginners
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Easy day trading for beginners

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http://www.marketgeeks.com There are many methods for day traders who are just starting out. These easy day trading for beginners methods will help you achieve your goal when your starting out day......

http://www.marketgeeks.com There are many methods for day traders who are just starting out. These easy day trading for beginners methods will help you achieve your goal when your starting out day trading.

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  • 1. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.
  • 2. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Understanding Trading PsychologyVisitMarketGeeks.comFree Trading ReportSubscribe To Our Channel
  • 3. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Biggest Piece Of The Trading PuzzleTrading Psychology
  • 4. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Your Mind Records Past ExperiencesStart out losing money in the marketsThe mind begins to associate the financialmarket with negative emotionsThis causes variety of reactions in mostpeople ranging from headaches to severepanic attacksAvoidance Behavior
  • 5. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Similar To A Traumatic Experience
  • 6. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.You Deal With This Head OnYou have to make yourself see the marketobjectively just like you did before youstarted tradingYou must reprogram your mind to see themarket as neutral without any hiddenagendas or negative motives
  • 7. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.2 Ways To Deal With The ProblemLimit your risk to fraction of your current sizeDo not avoid marketsTrade to gain confidence not to make moneyPositive exposure is the keyWith time your mind will change how youthink about the financial markets
  • 8. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Basic Human PsychologyOur society conditions people so that whenthey get the right answer they know they aredoing something right and when they get thewrong answer they are conditioned to believethat they are doing something wrong
  • 9. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Principle Does Not Work In TradingThe mind believes that by holding on to a losingposition there is a chance that the position could comebackIf the position comes back then the traders obviouslymade the correct decision and therefore he is a goodtraderConversely, when traders are in a winning positionthey quickly take profits so that they can feel like theymade the correct decisionNotice That Being Right Is The Major Concern
  • 10. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Being Right And Making MoneyProfitable trading is based on risking winners so thatthey become bigger and liquidating losers quickly sothat they dont become biggerBeginners cut winners so they don’t turn into losersand risk losers so that they potentially turn intowinnersDo You See The Difference Between The TwoParagraphs
  • 11. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Things To Keep In MindPsychology Can Be The Biggest BarrierIdentify The ProblemTake Steps Necessary To Solve This ProblemPsychology Does Not Improve By ItselfWe Can Help!
  • 12. Copyright © 2007-2013 Market Geeks, LLC. All Rights Reserved.Understanding Trading PsychologyVisitMarketGeeks.comDownload Free Trading ReportSubscribe To Our Channel