The Power of Autosuggestion in Trading

Use the Power of Autosuggestion in the Stock Market
in: Stock Trading

Self-Confidence is an essential starting point for any business venture. This is true even more if the business is trading in the stock market because psychology plays such a major role. Keep reading, this might change your life!

About 10 years ago, I received a copy of the book “Think and Grow Rich!” written by Napoleon Hill. Today, I credit most of my success in business (including trading) to this book.

At first applying some of the principles described in this book appears a bit crazy - for example reading a Self-Confidence formula and a Definite Plan aloud every day. But you really have to look at it with an opened mind and believe me (and many peoples who have made millions) this stuff works:

Here is a brief overview:

- First - you must have a burning desire - for a trader this desire should be “to become a consistent winner in the stock market”.

- Second - you have to have a definite goal including the amount you want to make and the date by which you want this money to be in your account.

- Third - You need a definite plan, or what you will do in exchange for this money.

Here is an example of a plan - it is generic enough to be applied to most trading styles. Items specific to your style should be added. Your plan should be read aloud first thing in the morning and right before going to bed.

By December 31st 2006, I will make £200,000 pounds with my trading. In return for this money I will do the following:

- I will follow a trading plan to guide my trading - therefore my job will be one of patience and discipline

- I will plan each trade carefully - I will not jump into trades by fear of missing out

- I will monitor the market’s current picture

- I will monitor the current picture for each industry

- I will manage my trades to protect my capital and my profits

- I will protect my capital through good money management

- I will take responsibility for all my actions.

- I will trade to trade well and for the love of trading, not to trade often and not for the money. The money will come as a result of trading well.

- I will not be influenced by the opinions of others. I will reach my own decisions and follow them.

- I will build the self-trust necessary to operate in an unlimited environment which has no rules.

- I will be rigid in my rules and flexible in my expectations.

-I will never think that taking money from the market is easy and I will never assume that I know enough.

-I will have no particular expectation when I place a trade because I know that anything can happen.

-I will treat trading as a probability game in which I don’t need to know what is going to happen next in order to make money. All I need to know is that the odds are in my favor before I put a trade

- I believe that I deserve this money. I believe that I will have this money in my possession. My faith is so strong that I can now see this money before my eyes. I can touch it with my hands. It is now awaiting transfer into my account. I am awaiting a plan by which to accumulate this money, and I will follow that plan when it is received.

Read (and reread) this book and apply its principles to your life - and notice the difference in your Self-Confidence.

http://www.moneyextra.com/uk/use-the-power-of-autosuggestion-in-the-stock-market/

zähes plus mit ey

22.04.2010 do

at: 582e (flat)

ava: 648e (flat)

gci: 62e (flat)

bilanz: -400e

viele trades, kleiner gewinn

21.04.2010 mi

at: 576e (flat)

ava: 648e (flat)

gci: 62e (flat)

bilanz: -400e

ey gut, cable, ed zäh

20.04.2010 di

at: 570e (flat)

ava: 648e (flat)

gci: 62e (flat)

bilanz: -400e

bisschen was verdient mit gold short

19.04.2010 mo

at: 558e (flat)

ava: 648e (flat)

gci: 62e (flat)

bilanz: -400e

Transaktionen und Performance publizieren

http://www.mt4pips.com/

View all your transactions
Your entire account history including your closed transactions, open trades, working orders, and summary will be automatically displayed.

Analyze your performance
Understand your trading results better with useful statistics and insightful graphs. All of which are automatically calculated for you.

mit sehr viel glück ein tagesplus

16.04.2010 fr

at: 548e (flat)

ava: 648e (flat)

gci: 62e (flat)

bilanz: -400e

plus mit ey long

15.04.2010 do

at: 540e (flat)

ava: 648e (flat)

gci: 62e (flat)

bilanz: -400e

und wieder ein plus mit gold long!

14.04.2010 mi

at: 523e (flat)

ava: 647e (flat)

gci: 62e (flat)

bilanz: -400e

gewinn mit gold long

13.04.2010 di

at: 498e (001 gbp-d long 0e)

ava: 647e (flat)

gci: 62e (flat)

bilanz: -400e

kleines plus mit ey long und gold long

12.04.2010 mo

at: 483e (flat)

ava: 647e (flat)

gci: 62e (flat)

bilanz: -400e

Metatrader4 Benutzerhandbuch

http://www.meta-trader.de/MetaTrader-Benutzerhandbuch.doc.pdf

http://www.forex.ch/de/gtmanual/MT4%20Benutzerhandbuch.pdf

link von rainer:

http://splusk.de/software/817-automatischer-handel-mit-der-meta-trader-4-platform

Benutzerhandbuch zu MT4

mit e-y long ging heute bisserl was

09.04.2010 fr

at: 475e (flat)

ava: 647e (flat)

gci: 62e (flat)

bilanz: -400e

gbp-usd Neues High!

gbp-usd (cable) daily


Das High von Mitte März 2010 ist heute leicht überschritten worden. Geht es nun hoch zur grünen Linie???
.

Lets go!

08.04.2010 do

at: 458e (flat)

ava: 647e (flat)

gci: 62e (flat)

bilanz: -400e

viele trades, am ende ein kleines plus

07.04.2010 mi

at: 451e (flat)

ava: 647e (flat)

gci: 62e (flat)

bilanz: -400e

zäher tag mit ey

06.04.2010 di

at: 438e (002 ey long -9e)

ava: 647e (flat)

gci: 62e (flat)

bilanz: -400e

wenig gemacht

05.04.2010 mo

at: 440e (001 ey long 0e)

ava: 647e (flat)

gci: 62e (flat)

bilanz: -400e

EW Basics

Hier ist eine Einführung in die wichtigsten Muster der EW Theorie:

http://www.fxmarkets.de/chart/elliot.htm

Doppeltops oder -böden

Doppeltops (liebevoll von mir auch Doppeltitten genannt) sind mein absoluter Favorit beim Traden!!! Es gibt sie natürlich auch in ihrer inversen Form als Doppelböden. Ihr Vorteil ist, dass sie sehr häufig vorkommen, zum Beispiel im Vergleich zu S-K-S. Jeden Tag bieten sich mehrfache erfolgversprechende Einstiegsmöglichkeiten auf allen Zeitebenen.

Hier eine Einführung:

http://www.charttec.de/html/formation_doubletop_doublebottom.php

Es gibt zwei Möglichkeiten Doppeltitten zu traden:

1. Warte, bis ein Durchbruch durch die Nackenlinie erfolgt ist.

2. Riskiere einen Einstieg wenn die 2. Titte das Top der ersten Titte erreicht hat. Setze dann einen engen Stoploss. Dies ist mein absolutes Lieblingsszenario!!!!

Man soll selbstverständlich das Umfeld der möglichen Doppeltitten beobachten. In einem starken Trend macht es eventuell wenig Sinn auf eine Doppeltitte zu spekulieren. Unbedingt soll man die höheren Zeitebenen im Chart berücksichtigen.

Schulter-Kopf-Schulter

Ich gestehe, die Anwendung der meisten Indikatoren ist für mich in der Praxis zu kompliziert oder zu aufwendig. Ich versuche mich daher auf Setups zu konzentrieren, die ich leicht verstehen und vor allem erkennen kann.

Einer meiner Lieblinge ist die Schulter-Kopf-Schulter (S-K-S) Formation. Hier eine Einführung:

http://www.charttec.de/html/formation_schulter_kopf_schulter.php

Sehr wichtig ist:

1. Die Struktur muss symmetrisch sein!

2. Man soll abwarten bis ein Durchbruch durch die Nackenlinie stattgefunden hat!

3. Die Struktur gibts auch in ihrer inversen Form.

Golden Trading Rules Any Trader Should Bear in Mind

http://www.tradecision.com/support/golden_rules1.htm


Golden Trading Rules Any Trader Should Bear in Mind

Golden Trading Rules Any Trader Should Bear in Mind We do want all our customers to be successful, just like and we do our utmost to help them! However, the truth is that our software (just like any other software) will not help you always make a profit if you don't follow the rules below. The rules should become a natural part of your everyday approach to trading. In any case, think twice before making any exceptions. During our consulting sessions, we found it useful to illustrate the rules using famous paintings. This approach allows much better grasp and memorization of this set of great trading ideas. Good luck with your trading!

Maximize Your Profits, Not the Number of Trades.

Don't Risk More Than 1-3% of the Capital.

Be Patient Enough to Wait for Good Trades.

Be Patient Enough to Avoid Closing a Profitable Position Too Early.

Don't Tie Yourself Down with Your First-Blush Opinion About a Position.

Immediately Close Your Position When the Initial Conditions Are Disrupted.

Make a Decision About the Stop Level Before Entering a Position.

Cut Losses Early, Protect Profits with Trailing Stops.

Return to a Trend if Your Previous Assumptions Turn Out to Be Wrong and the Trend is Progressing.

Focus on Big Market Moves. Don't Try to Catch Small, Noisy Fluctuations.


Focus on Price Patterns and Formations Rather than the Price Levels or Support-Resistance Levels.

Make Your Own Trading Plan.

Your Trading Method Should Be in Sync with Your Personality.

Maintain Discipline to Be Able to Strictly Follow Your Plan and Manage Risks.

It Is Only You Who Is Responsible for Your Trading Results. Don't Try to Blame the Market, Your Friends and Brokers, and so on.

Master Trader Dennis Gartman's 22 Rules of Trading

http://www.dacharts.com/articles/_22rulestrading.htm


The 22 Rules of Trading

We give you Master Trader Dennis Gartman's 22 Rules of Trading, many of which you can apply to all sorts of life situations, as well as the markets.
Every day, Dennis Gartman gets up at bout 2:30 AM and writes an information packed 4 page newsletter on the world markets, oil, currencies, commodities political happenings and much more. He is read by the major trading houses and traders all over the world, as they stumble bleary eyed into work, grabbing the Gartman Report to find out what happened as they slept and to get insight as to what the issues of the day will be, and suggestions on how to trade. Dennis puts his trades on public display and talks you through his logic. It is a most remarkable work, and I find it a key part of my struggle in trying to keep up with what is going on. I am always amazed when on the occasions I find myself in the office at an early hour to find Dennis' letter hit my inbox about 5:00 AM. His travel schedule makes mine look tame, and from wherever in the world he finds himself, he writes and sends his letter. And he still maintains a single digit handicap on the golf course.
On the Friday after Thanksgiving, he publishes his "Rules of Trading," adding to them as wisdom increases. Here is today's list:
1. Never, under any circumstance add to a losing position.... ever! Nothing more need be said; to do otherwise will eventually and absolutely lead to ruin!
2. Trade like a mercenary guerrilla. We must fight on the winning side and be willing to change sides readily when one side has gained the upper hand.
3. Capital comes in two varieties: Mental and that which is in your pocket or account. Of the two types of capital, the mental is the more important and expensive of the two. Holding to losing positions costs measurable sums of actual capital, but it costs immeasurable sums of mental capital.
4. The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is "low." Nor can we know what price is "high." Always remember that sugar once fell from $1.25/lb to 2 cent/lb and seemed "cheap" many times along the way.
5. In bull markets we can only be long or neutral, and in bear markets we can only be short or neutral. That may seem self-evident; it is not, and it is a lesson learned too late by far too many.
6. "Markets can remain illogical longer than you or I can remain solvent," according to our good friend, Dr. A. Gary Shilling. Illogic often reigns and markets are enormously inefficient despite what the academics believe.
7. Sell markets that show the greatest weakness, and buy those that show the greatest strength. Metaphorically, when bearish, throw your rocks into the wettest paper sack, for they break most readily. In bull markets, we need to ride upon the strongest winds... they shall carry us higher than shall lesser ones.
8. Try to trade the first day of a gap, for gaps usually indicate violent new action. We have come to respect "gaps" in our nearly thirty years of watching markets; when they happen (especially in stocks) they are usually very important.
9. Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In "good times," even errors are profitable; in "bad times" even the most well researched trades go awry. This is the nature of trading; accept it.
10. To trade successfully, think like a fundamentalist; trade like a technician. It is imperative that we understand the fundamentals driving a trade, but also that we understand the market's technicals. When we do, then, and only then, can we or should we, trade.
11. Respect "outside reversals" after extended bull or bear runs. Reversal days on the charts signal the final exhaustion of the bullish or bearish forces that drove the market previously. Respect them, and respect even more "weekly" and "monthly," reversals.
12. Keep your technical systems simple. Complicated systems breed confusion; simplicity breeds elegance.
13. Respect and embrace the very normal 50-62% retracements that take prices back to major trends. If a trade is missed, wait patiently for the market to retrace. Far more often than not, retracements happen... just as we are about to give up hope that they shall not.
14. An understanding of mass psychology is often more important than an understanding of economics. Markets are driven by human beings making human errors and also making super-human insights.
15. Establish initial positions on strength in bull markets and on weakness in bear markets. The first "addition" should also be added on strength as the market shows the trend to be working. Henceforth, subsequent additions are to be added on retracements.
16. Bear markets are more violent than are bull markets and so also are their retracements.
17. Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are "right" only 30% of the time, as long as our losses are small and our profits are large.
18. The market is the sum total of the wisdom ... and the ignorance...of all of those who deal in it; and we dare not argue with the market's wisdom. If we learn nothing more than this we've learned much indeed.
19. Do more of that which is working and less of that which is not: If a market is strong, buy more; if a market is weak, sell more. New highs are to be bought; new lows sold.
20. The hard trade is the right trade: If it is easy to sell, don't; and if it is easy to buy, don't. Do the trade that is hard to do and that which the crowd finds objectionable. Peter Steidelmeyer taught us this twenty five years ago and it holds truer now than then.
21. There is never one cockroach! This is the "winning" new rule submitted by our friend, Tom Powell.
22. All rules are meant to be broken: The trick is knowing when... and how infrequently this rule may be invoked!