drSwierk

drSwierk

Challenge: Inner Strength - Uncertainty. Uncertainty is also a weakness that must be eliminated. It is the negation of "inner strength." An investor or trader who is uncertain about himself, his skills or his system is an investor who suffers systematic losses. Remember, however, that both overconfidence and overconfidence lead to losses. Mature traders are in...

drSwierk

You are about to learn about the range of challenges and dangers that can make it difficult or even impossible for you to succeed in the market. Remember: it is believed that most traders do not make money! I want you to familiarize you with these challenges today. We will look at them in more detail later. Getting to know yourself and your "opponent" is the first...

drSwierk

Today I want to address the answer to a question that is asked very rarely but is critical to long-term performance. This question has the following form: What is the best system for me? Imagine that you have a system that is easy to understand and use. You spend no more than half of the month in the market, and during this time you earn enough to not only...

drSwierk

The best traders think in scenarios of market events. They know from experience that the market can do "anything," so it is better to be prepared for any eventuality. This approach is part of mental flexibility. It can take several forms. Flexibility in approaching the market reduces stress Flexibility in our approach to the market reduces stress - if we are...

drSwierk

In whatever way you define your success - satisfying money, a good job, a happy relationship, financial security, the freedom to do what you feel like doing, we will always mention inner strength and discipline as factors that contribute to "someone succeeding." What is mental toughness in trading? We will define it by listing several situations and qualities...

drSwierk

Knowing the system As you may have guessed, I will revisit the substantive preparation - I mean the bore about the need for comprehensive knowledge of the system. This will help us know whether a loss is a natural operation of the system (and everyone has individual losses or periods of loss) or whether there is something else behind it. You need to get used to...

drSwierk

Sometimes traders freeze up in the face of some market event. I had that myself, which led to the loss of my first deposit. Many years later, I remember it as if it were today: I drew a trend line on GBP/JPY and set an order as I thought right above it. It was Sunday evening - in a moment the market was about to move. In a moment it did. For an hour I watched it...

drSwierk

The glass ceiling is the level of cash at which the stress level suddenly and unexpectedly increases. Thinking of a specific sum that "causes" this effect in the psyche will indicate the size of the position exposed to risk. It also happens that traders talk about the "glass ceiling" when specifying the size of the account they have with a broker, but even so,...

drSwierk

Why does trading discipline weaken or disappear altogether, and it happens that in retrospect we see that we did a lot of stupid things? Let's start with some clarification. When talking about discipline we will have two things in mind. The first is discipline as a single act - an act of willpower. The second is discipline as the ability to repeatedly apply...

drSwierk

In the shorter term - high levels of emotion and stress cause lower intellectual performance. Lower intellectual performance is, in other words, less efficient thinking. This is the reason that we generally perform less well on any exams, such as forgetting the simplest and most obvious things. In the long term, constant stress - can lead to irritability,...

drSwierk

The first and primary challenge for you in the first step of learning the system and trading is to commit all your efforts to learning the system. The result of your work should be: correct identification of the signal from the system, correct placement of an order, correct management of it until you exit the market. Therefore, your first step towards...

drSwierk

An investor (trader) is an analyst plus a decision maker. But the system and correct recognition of signals are not enough. Investing (trading) is an activity that requires making good decisions. And it is decisions of a specific type - under the conditions of the existence of risk. This very important topic. Today we will cover the first step towards making your...

drSwierk

The path from "zero" to "Top Investor" requires knowledge of how our brain learns the fastest. This is part of the knowledge of the path of success in trading. The best traders started from scratch - they knew nothing. One of the critical moments of their development was when they began to understand the system. It was often preceded by various events, moments of...