Day trader strategies in e-commerce. Robert Deal

You have decided to learn the most popular and complex trading method today - computerized electronic day trading. One click
this market is at your disposal. Now you're on the same gaming
field that and the best professional traders in the world. Feeling invincible, you want to show the whole world your achievements in trading. In a few hours you can become as rich as these "pros".
Or lose the last shirt.
Without proper training and mental preparation, the great equalizer
the power of the computer is dangerously seductive. Even if you are talented
entrepreneur, in a highly specialized and fast-moving world of electronic
trading your past successes mean very little. But to understand this is to take the first step to the top, where you are the winner. You need to learn new
strategies and psychologically prepare for the high-tech battle for profits and
losses. IN ToнAndге "СтратегAndAnd дэйтрейдера в элеToтронной торговле" Robert Deal поToазывает, ToаTo выжAndть And преуспеть в этом вAndде business.
The author dispels misconceptions about day trading that are dangerous for your well-being and reveals the secrets of special psychological hardening. By identifying what type of trader you are and choosing your strategy options before
trade, you gain a decisive advantage over your competitors by shielding yourself from
uncontrollable losses. Find out what suits you best - day trading, micro trend trading or positional trend trading. After breaking down the mechanics of e-trading strategies in detail, Deal explains his revolutionary approach to the system of emotional control and psychological preparation, so that you
could enter the game and stay in it.
Robert Deal— презAndдент Trading-school.com в Южной КалAndфорнAndAnd And менеджер по
money management, responsible for trading strategies. He often performs
television, radio and trading conferences. Deal has been training traders from all over the world for over 10 years. He is the author of Trading the Plan, also published by Wiley.

Chapter 1
dream and reality
Dream
Each of us has a dream. For those who actively follow the market,
she is alone: ​​to direct her abilities and capital to fight it and
make a living from it.
For many years, Bill lived the dream of trading. At 33, he got rid of his publishing business, receiving after taxes
profit in the amount of $180,000. This capital was supposed to open a new life for him, at least he thought so. Starting to trade through a local firm providing such services in electronic networks,
just four months later, Bill had lost $65,000—36.11 percent of his
trading capital simply vanished. What he managed to earn over many years, irretrievably disappeared in a very short time.
Dream БAndлла быстро превращалась в настоящAndй ночной Toошмар.
The harsh reality is this: short-term trading, especially
day trading is a serious danger to your wallet. Statistics show that 92 percent of day traders incur losses in
during the first two years of trading. Only eight percent are in the black. Of those 8, only 2 percent make regular profits. Why then is short-term trading so attractive?
for the public? There are several answers to this question. But for now, let's turn to a simpler problem. Why 92 Percent of E-commerce Day Trader's Day2 Strategies
raiders fail, and what allows the other 8 percent to succeed? This book answers these questions and debunks the myths associated with short-term trading. She talks about effective trading methods, filtering procedure
(sampling), strategies and tactics of behavior in the market,
as well as a revolutionary approach to improving control over the emotional state and psychological concentration of attention.
The Reality of Awakening
Fortunately, Bill woke up from his nightmare in time and
began to ask himself serious questions. Realizing that the problem was somehow related to his own creativity, he took responsibility for everything that happened. In search of necessary answers Bill
eventually wandered into tradingschool.com. After our
During the conversation, it became obvious that he had fallen into a "trap for traders."
Here is a summary of the conversation that allowed
Bill to break out of this trap he has created for himself.
We go to school, get an education, get a job or start our own business. We have all necessary,
to realize yourself. But neither erudition nor professional
experience does not give us the knowledge and mental attitude that
so necessary for a successful trader. Bill was smart
had his own business and was making progress. He had the money to make his dream come true, as well as some experience in the stock market. He literally personified the winner, but then why
did he lose 36.11 percent of his capital in just four months?
Unfortunately, human nature naively believes that if you
If you succeed in one area, then you won’t lose face anywhere. The drive and determination that led you to victory suddenly says in a low voice: “Trading, with all its concepts, is quite simple. Isn't that harder than running your own business? With the experience I have, I can do anything." Unfortunately,
most people who come into the market with the idea of ​​becoming traders feel invulnerable, outstanding, not at all
knowing what they were about to experience.
dream and
reality 3
Before Bill started his business, he received a college degree and worked in the publishing business for several years. Bill told me that even with his education and experience, launching his own project proved to be a difficult task, but he persevered and
succeeded. With that out of the way, I asked Bill a few questions.
Try to put yourself in his place and answer them:
1. Would you buy a business if you had no idea what the corresponding cash flow would be?
2. Would you organize your own business if you had little real experience or practice (training) compared to yours
competitors?
3. Would you like this idea if competitors were
well-funded, while the possibilities of your operating capital (operating capital) required
to finance current expenses, would be limited?
4. And the last question - according to the list, but not in importance: steel
would you invest in a venture without having a business plan?
If you answer: “No way,” don’t rush to claim it. After all, this is exactly what you do when you first start short-term trading. You need to prepare and
realize that as a short-term trader you have to fight the best players in the the world.
Practice, experience, psychological control and understanding that
you are not stronger or smarter than the market will lead you to success. Every morning before you start trading, repeat the following:
“My name is (your name). Today I may suffer losses, but if
If I trade according to the plan and follow certain rules, then I will remain a winner.” Every morning before
before starting the game, I say exactly these words. They answer
two purposes. First, they help me humbly acknowledge that
the market is omnipotent and capable of depriving all the money at any moment.
Nothing ruins faster than an excessive "I" ("ego") or attempts to take revenge on the market. If you are trying to prove that
always right, you are bound to lose. And when you lose
4 Day Trader Strategies for E-commerce
are you going to win back by showing the market in the next transaction,
which one of you is the boss? Thirty minutes later you have four consecutive losing trades and you are still blaming everything.
this market. Another trap is that the amount you want to earn in the market for a month or a year is set by you in
dollars. Someone defines this amount as a percentage - for example, expects a return of 20 percent per month. Most novice traders see stock trading as a way to get rid of a job they hate, so they know in advance how much money they need to make to pay their bills. But the thing is, you don't need anything else.
pressure in the form of a sum of money stubbornly standing before the eyes.
It can become a real psychological guillotine for you.
If you don't achieve your goal, you'll start pushing
trading beyond your abilities and the result of which will be
a series of miscalculations. Loss of emotional control will lead to
large, uncontrollable losses. If you decide to follow a trading plan, the result will surely please you. At
full concentration on the plane of emotion, "ego" and the desire to receive
profits are no longer a problem. If the trading plan is yours
the only adviser, you are already a winner, no matter
what will be the financial result. Know yourself and more
before trading, applying the right setup, trading strategy and methodology is what you need to avoid the “trap of
For traders” and really start living in full accordance with your dream.
live the dream
Dreamть And жAndть мечтой — абсолютно разные вещAnd. The first is based on fantasy, and the second is based on reality. To live the dream, you
you need to realize that short-term trading will become the most difficult
thing you've ever had, and without proper practice and psychological preparation, your stress level is likely to
transcends all reasonable boundaries. Psychological training
and hardening will be discussed later in Chapter 7.
dream and
reality 5
Successfully making your dreams come true to a greater extent
depends on you and what type of short-term trader you are. ОпределAndть свой тAndп необходAndмо For торгового
plan. I have trained over 4,000 individual traders from all over
peace. Among them were professional traders, managers
hedge funds, mutual fund managers and just hobbyists.
The first two questions I ask are:
1. In your opinion, which predator do you most resemble?
2.What is your time frame?
These questions are clearly interconnected. What animal do you look like? Knowing what kind of predator you are is very important because the market is like a food chain. In this food
chains of various creatures are waiting for the moment to pounce and gobble up your capital. To develop an appropriate strategy
(survival) you need to imagine your enemies and understand their train of thought.
Short-term trading involves three main styles:
day trading, microtrend trading and position trend trading. One of the