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Understand How Losers Think with This Trading Analysis Course (Part 1)
By John | June 3, 2010
Here we are going to take a look at how losers think with our trading analysis course series.
The following was written by a famous poet - Tagore , “Pessimism is a form of mental dysomania. It distains healthy nourishment and indulges in the strong drink of denunciation and creates an artificial rejection which thirsts for a stronger draught”.
Losers are just like the lemmings, racing towards the ocean. They get caught by the traps of rejection and self denunciation and they want more ! Bombardment by negatives, by parents and relatives to children and the continuation of this through life makes it feel that a conspiracy is out there to start and keep an attitude of “can’t do” in people . Through television, songs, social groups, family, and friends, this conditioning continues on. A paper can’t be distributed , a news hour cannot be made interesting unless it reeks with unpleasantries and miseries …. which is what a loser is made up of anyway.
Losers out there love misery - it actually brings them happiness. Think of it !
The losing trader is a self-defeatist . He functions best when he is under stress and strain , and losing money makes him feel at home . When a loser strikes gold in the market, he falls apart … that isn’t what he is used to . Success is something he doesn’t know how to enjoy . His thoughts have been build upon struggling and loss. A win occurs, he loses it, becomes an expert - then ends up developing what one top futures trader (Larry Williams) called "the King Kong feeling". Self control is lost and he quickly loses his profits , and he goes back to the struggling and the misery - something he’s used to, - like lemmings going to sea , and he may not wish to admit it but he loves to struggle,- to struggle to win . Winning is something his mind can’t cop with . It copes with the struggle . Isn’t it amazing ? Especially if you look closely at it with a trading analysis course.
He links an immature posture . It’s no wonder that a friendly political candidate who assures him makes a fool of him “Don’t worry about things. We’ll deal with it. We know what’s best for you” .
A loser has a desire to win that is overwhelming . They tell themselves that winning can happen , and to save face they keep coming back . In their psychological patterns ineffectualness is already programmed in. He almost becomes hypnotized with success by those events that occur. He enters a trance state. - mind hypnotism . Sinking feelings about various things occur to him. He doesn’t wait to apply the things he did correctly , usually at the wrong time to the same market . His mind is almost saying to him, "It really isn’t happening to you" . He has no idea where he’s at . He turns into someone else .
[ Seeing a loser win is a great event , but it becomes sad when you see them in a trance state, and you know that soon they’ll start losing once again - they’ll lose so much that they’ll be back at the place they started out.]
There are times when a profit accrues, their mind will be so happy with that profit, that prematurely they will reach out and grab it. If loss is happening , his mind says "It will all work out in the end" and so he hangs on . He cuts profits short and allows losses to run on.
Shorting the market is difficult for a budding trader. He thinks that the sky is the limit and that there is no ceiling on prices . As long as he buys against base zero, growth is inevitable , because in his mind life is all about growth and upward movement.
We will continue this discussion about how losers think in our next article in this trading analysis course series.
Topics: Trading |
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