Ceci Thanks to our colleague, Professor of English at: 
Greetings
http://z3.invisionfree.com/Artebursatil
has led us a beautiful jewel that will help us further understanding through which this game.
!!!!!!!!!!!!!!!! THANKS CECI
I will give this topic a couple of things in this book, which is really too complex to try to summarize in a few words and hopefully one day be published in Castilian and can read it, those who can not do it in English. The psychological part for me is a must, but impossible for me at this time to summarize, for lack of time. Douglas explains processes that affect us as human beings and then these psychological processes that are repeated on to different situations in our lives, expectations and attitudes can create us counterproductive to lead us against the trades. Explain this and make the reader clearly understands what it takes to Douglas a few chapters of the book ....
This is a very interesting tip on how to take profits.
If you did not clear where to take profits, the best strategy from the perspective psychological position is to divide your three or four parts, and go out part of his position as the market moves in your favor. When I started as a trader in 1979, I discovered that was rarely gland in a position before the market moved at least a few tics in the direction I expected. Then calculated that if into the habit of removing at least a third of my original position every time the market moved three or four twitches in my direction, at the end of the year these winners accumulated yielded much time to pay my expenses. As of today, without reservation or hesitation, removes a portion of a winning POSICON soon as the market gives me a bit to drink. What finally got to this is to reduce the risk and if the market finally estopea me, the loss will be lower. If the market continues to move in the expected direction, take the next third of the portion of gains have come to some profit target, usually based on support or resistance test or a maximum or minimum prior significant. When I take the second gain, usually also move the stop to breakeven. From this point, I have a net gain in a trade, no matter what the outcome of the third portion. In other words, I have a chance "risk free." If, in normal circumstances there is no way to lose, really experience what it feels like to be in a trade with a relaxed and peaceful state of mind. To illustrate this point, imagine you're in a winning trade, the market makes a significant move in the direction expected by you. but did not take any profit because you thought it would come even further. However, instead of going further, the market returns to the input of its trade. You panic and settle your trades, but not well done, the market starts to move in the direction you expected. If you have partially removed some of the profits and had been placed in a situation of risk-free opportunity, would be very unlikely to have felt stressed or anxious or panicky. I would still be the third part of the position. And what do I do? Seeking the most convenient place where the market will stop and there I place my order without worrying about squeezing until the last tick of the market. I discovered through this last year not worth it. Each meal you make a trade will contribute to make you believe that is a consistent winner and the numbers are aligned better to the extent that their belief in their ability to be consistent to become stronger.
95 percent of trading errors that you will probably commit - causing their money evaporate before their eyes - will result in their attitudes about being wrong, losing money, seize opportunities and leave money on the table. These are what I call the four primary fears about the trading. If you are afraid of being wrong or losing money, it means you will never learn to compensate for the negative effects that these fears will have on their ability to be objective and its ability to act without hesitation. In other words, you can not have confidence with the constant uncertainty. Unless aa learn to fully accept the possibility of an uncertain outcome, you consciously or unconsciously try to avoid any possibility that you define and painful. In this process, you will become subject itself to any nu, ber of costly mistakes and self-generated. I'm not suggesting we do not need some form of market analysis or methodology to identify opportunities and allow us to recognize: the need safely. However, the market analysis is not the way to consistent results, since it does not solve the problem lack of confidence, lack of discipline or focus inappropriate. When you operate from the premise that more or better analysis will create consistency, you are still disappointed or misled by the market, and again, something he did not see or do not pay attention. Feel you can not trust the market but the reality is that you can not trust himself. Confidence and fear are contradictory moods have roots in our beliefs and attitudes. To have confidence, working in an environment where you can easily lose even more of what I wanted to risk, requires absolute confidence in himself. However, ud. can not achieve this confidence until you have trained your mind to overcome the natural inclination to think in ways that are counterproductive to be a consistently successful trader. Learn to analyze market behavior is not the appropriate training.
There are two alternatives:
> you can try to eliminate the risk of market learning so many variables as possible (I call this the black hole of analysis because this is the way to more frustration). Or you can learn to refine their trading acividades so that you truly accept the risk and then not be afraid. When you achieve a state of mind when you truly accept the risk, you will not have the potential to define and interpret market information in a painful way. When You eliminate the potential of defining the information market in a painful, also eliminate the tendency to rationalize, hesitate, to rush to pull the trigger, expect the market to give money or expect the market to save him from his inability to cut losses. Must learn to adjust their attitudes and beliefs about trading so that it can operate without a hint of fear, but at the same time maintaining a structure in place that allows it to become irresponsible.
CHARMS (AND HAZARDS) OF TRADING
the real attraction that presents the trading is that this activity offers the individual unlimited freedom of creative expression, freedom of expression that has been denied to most of us for most of our lives. In the trading environment, we believe most of the rules .. There are very few restrictions or limitations on how you choose to express ourselves, as the possibilities on how to handle the trading are virtually limitless .. Unlimited possibilities with unlimited freedom to take advantage of these opportunities presented to an individual with unique and specialized psychological challenges, challenges that very few people are equipped to handle provided proper. Freedom is wonderful. All we want of course but that does not mean we have the appropriate psychological resources to operate effective in an environment that has very few limits and where the potential to make us great harm to ourselves there. Almost everyone needs to make mental adjustments, regardless of our education, intelligence or how successful we've been in other endeavors. These adjustments have to do to create internal mental structure that gives the trader the highest level of balance between the freedom to do anything and the potential that exists to experience psychological or financial damage could be the direct result of that freedom. To operate effectively in the trading environment, we need rules and limits that guide our behavior, in the form of specialized mental discipline and a perspective that guide our behavior to always act in a manner that benefits us. This structure has to exist within ourselves, and that unlike what happens in society where we must move according to rules laid down, the market fails to provide. In the market there are no principles, no means, not end unlike any other acrividad. The current market is like a constantly moving. Does not start, or waiting or stops. Even when markets are closed, prices are moving. There is no rule that says that closing prices are equal to the opening. Nothing we do in society prepares us to function effectively in an environment as free of limits. Even games Random have structures that make them different to trading, and therefore much less dangerous. For example, if you decide to play Blackjack, the first thing to do is define your risk. This is a choice we're forced to do by the rules of the game. In trading, no one (except yourself) will force you to define your risk before operation. Define the risk in advance what forced to face the reality that each trade has a probable definition, meaning it can be a loser. Consistent losers will do anything to avoid accepting the reality that no matter how well you can see a trade, it can lose. Without the presence of a mental structure that forces to bring to mind, he is susceptible to any number of justifications, rationalizations, and the distorted logic that allows you to enter a trade believing that you can not lose, which will be irrelevant in determining your risk before operation. No matter what you've been planning or wanted to do, there are a number of psychological factors that come into play, which causena you get distracted, change your mind, be scared or have too much confidence, in other words, cause you . to behave erratic and far from their intentions. One of the many contradictions of trading is that it offers a gift and a curse at the same time. The gift is that, perhaps for the first time in our lives, we are in total control of what we do. The curse is that it is there are no rules or boundaries that guide or structured external behavior. We must act with self control and regulated if we create a measure of consistent success. The structure we need to guide our behavior has to originate in our mind, because it is a conscious act of free will.
This is where many problems begin:
• The not want to create rules: most of the structures of our mind are the result of our upbringing based on choices made by others. The need for these rules makes sense, but it is very difficult to generate the motivation to create these rules when we have always tried to get rid of them during our lives.
· Not taking responsibility: When we act according to our own ideas, we put our creative skills to the test and have an instant refund on how our ideas. It is very difficult to rationalize any unsatisfactory outcome. On the contrary, we enter a trade caundo Without planning, it is much easier to blame the friend or broker for their bad ideas.
· addiction random rewards.: This probably has to do with chemicals that induce the euphoria that are released by our brains when we experience an unexpected and pleasant surprise.
• The external control to internal control: One of the main reasons why which many successful people have failed elsewhere in trading is that success is partly attributable to its superior ability to manipulate and control their social environment so that it meets what they want. At some point we all have developed techniques for the external environment according to our mental environment (interior). The problem is that none of these techniques work against the market, and unresponsive to control and manipulation (unless you are a trader operating with very large amounts). Instead of controlling our surroundings, we must learn to control ourselves, to always behave in a manner that is positive for our own interests.
Top traders think differently.
one hand, have acquired the mental structure that allows them to operate without fear (accepting the risk), allowing them to avoid mistakes based on fear. On the other hand, have developed an internal discipline conteractuar the negative effects of euphoria and overconfidence resulting from a series of winning trades. For a trader, winning is extremely dangerous if not monitored and has learned to control oneself. If we start with the premise that to create consistent traders must focus our efforts on developing the mindset of a trader, then it is easy to understand why most traders are not successful. Instead of learning to think as traders, they think about how they can make more money by learning about the market. It's almost impossible not to fall into this trap. There are a number of psychological factors that make it very easy to assume that is what the market does not know what caused your losses and lack of consistent results. However, this is not the case. The consistency you seek is on your mind, not markets. Are the attitudes and beliefs about being wrong, losing money and the tendency to become irresponsible, when you feel good, what causes you most of the losses - not technique or market knowledge. The approach produces better results in general or technical analysis. Of course the situation ideal is to have both, but not really necessary, because if you have the right attitude, the right mindset, then everything else about trading will be relatively easy, yet simple and certainly much more fun ....
MUST LEARN TO OFFSET THE NEGATIVE EFFECTS OF EUPHORIA AND ALSO THE POTENTIAL FOR SELF-SABOTAGE:
The euphoria created a sense of supreme confidence where the possibility of something going wrong is virtually inconceivable, which you do not feel there is a need for rules. By contrast, the errors resulting from self-sabotage are rooted in a number of conflicts that have money traders on merit or deserve to win.
win and be consistent are states of mind in the same way that happiness, fun and satisfaction are mental states. His mental state is a product of their beliefs and attitudes.
One can widely increase the chance of being happy in developing attitudes and more specifically working on neutralizing the beliefs and attitudes that make you not have fun or not a good time. Create consistent success as a trader works the same way. We can not trust the market to make us consistently successful, in the same way that we can not expect the outside world consistently make us happy. People who are truly happy do not have to do anything for happy. They are just happy people do things. Traders who are consistently successful are consistent as a natural expression of who they are. No need to try to be consistent, consistent. Your best trades were easy and effortless. There was no struggle. Dress exactly what you needed to see, and act according to what you saw. Was at the time, a part of the flow of opportunity. When you're in the flow, you need not work hard, because all you know the market is available for you. Nothing is locked or hidden in your perception and your actions seem effortless because there is no struggle or resistance. The best traders remain in this flow because not trying to get anything to market simply made themselves available to take advantage of what the market is being given at a certain time.
If there is something like a secret of the nature of trading is this: in the heart of one's ability:
1) operate without fear or overconfidence 2 ) perceive what the market is offering from its perspective 3) remain fully focused on the "current flowing from the timing" 4) spontaneously enter the area.
The best traders have evolved to the point where they believe without a shadow of doubt or internal conflict, which "Anything can happen." We did not just suspect that something might happen. His belief in the uncertainty is so powerful that it really keeps your mind associate the situation and circumstance of the "now moment" with the outcome of his recent trades. Avoiding this association can keep your mind free of rigid and unrealistic expectations about how they express the market. They have learned to "make themselves available" to take advantage of any opportunity the market has to offer at any time. The same land of perpetual blindness happens all the time in trading. We can not perceive the potential for the market to continue moving in a direction that it is contrary to our position if, for example, we are operating in fear of being wrong. The fear of admitting we're wrong we do place a significant amount of significance on the information that tells us we're right "This happens even if there is extensive information that tells us that the behavior of the market has indeed set a trend in the opposite direction of our position. A market trend is a distinction that easily can perceive but this distinction can easily become invisible if we operate dominated by fear. The trend and the opportunity to make a trade in the direction of this trend are not visible until you're out of that trade. In addition, there are opportunities that are invisible to us because we have not learned to make distinctions that allow us to perceive. What we have not learned yet is invisible to us and remains invisble until our minds are open to sharing power. With the prospect of becoming yourself available, you know your edge (edge) places the odds of success in your favor, but at the same time accepting the reality that you do not know what the outcome of a particular trade . Becoming available to yourself consciously you open to discover what happens next, rather than resign themselves to automatic mental process that makes you think you know. Adopting this perspective leaves your mind free of internal resistance that prevents you perceive opportunities that the market is making available. His mind is open to a power intervambio. Not only do you learn something about the market did not know before, but creates the mental condition more conducive to entering "the zone" The essence of what it means to be in "the zone" is that your mind and the market are tune. Thus, you perceive what the market is done as if there is separation between you and the collective consciousness of all who are participating in the market. The area is the mental space where you are doing much more than reading the collective mind, you are also in harmony with it. If this sounds strange, ask yourself what makes a flock of birds or schools of fish can change directions simultaneously. Must be a way in which they are connected. Traders who have had the experience of being connected to the collective consciousness of the market can anticipate the change of direction in the same way that a bird in the middle of their group or a fish in the middle of their pod. To this, must overcome two obstacles. One is to learn to keep your mind focused on the "flow of the opportunity now." To experience this synchronicity, your mind must be open to the truth of the market, from its perspective.
The second obstacle is the division of labor between the two halves of the brain: the left sound, based on things we already know, and the right creative, able to sense and what can not be explained on a rational level. There is an inherent conflict between these two ways of thinking and the rational and logical almost always win, unless we take the precautions to train our mind to accept and trust the creative information. Without this training, will be very difficult to work through intuitive impulses or inspirations or the sense of knowing. Act appropriately on anything requires belief and clarity of intention, which makes our mind and meaning remain focused on our purpose. If the source of our actions is creative by nature, then our rational mind has not been properly trained to rely on this source, then at some point in the process of acting on this information, our rational brain innundarà our consciousness with conflicting thoughts and in competition with creative thinking. Of course, these thoughts will be solid and reasonable in nature, because they come from the rational, but the effect will get us out of the area or any other creative state. There are few things in life more frustrating than recognizing the obvious possibility of a premonition or intuition or an inspired idea, and not take advantage of the potential because we convinced ourselves to do so. Ceci
Greetings His success as a trader can not be achieved until you develop a firm belief in uncertainty.
The first step on the path towards getting your mind and the market is in harmony is to understand and fully accept the psychological realities of trading. This step is where most of the disappointments, frustrations and mysteries associated with the trading begin. Very little people who decide to make trading ever take the time or make the effort to think what it means to be a trader. Most people think that run trader is synonymous with being a good market analyst. This can not be further from reality .. A good market analysis can certainly contribute and play a role in the success, or do not deserve the attention and importance that most traders mistakenly attributed .- Below the patterns of market behavior that is so easily caracteisticas sets that determine how the unique psychological one needs to "be" to operate effectively in the market environment.
is not difficult then to understand why so few people manage to be good traders. Simplemeente do the mental work necessary to reconcile the many conflicts that exist between what they have learned and believe that learning and how conflicts and acts as a source of strength to implement the various principles of successful trading. To take advantage of these mental states of free flow of the mind that are ideal for trading these conflicts need to be resolved completely.
I hope this reading will be as fascinating as I do!
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