Keep Beliefs

June 26, 2014


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Although both are interrelated. Example beliefs 3: I must understand the distribution of profitability of its trading system, its average yield (wait) and the variability of this distribution (ie, the volatility of the yield). Example belief 4: I should know goals that I want achieve. What results do I want to achieve, and how can I prevent decay? (In my case, I would like to make 10% a month in their trade.) Sample convictions 5: In order to achieve their goals, I need to understand and use effectively management position sizing. Example beliefs 6: Complete your portfolio main positions that I could adjust the weekly or daily. But then, to find effective market-based instruments and use leverage to achieve the best results. (These are my beliefs are not necessarily suitable for you) Example of persuasion 7: When a day of great decline, to investigate what happened and why, perhaps, my fault.

Determine what errors, if any, I have done. Example beliefs 8: Keep shopping diary for each transaction. Example beliefs 9: Follow the 10 tasks of trade. Example beliefs 10: When I can not actively trade, I must remove all speculative positions. Example beliefs 11: Understand the risk and profitability for every sales transaction before you enter into it. For example, my profit potential should be at least three times greater than my potential risk. Example beliefs 12: Have levels of limiting losses to their basic positions and actively monitor the market for their speculative positions. (This concerns me personally.) I want to once again warn you that these 12 examples are my personal beliefs, which may well differ from yours.

However, some beliefs are universal for a good trade. These beliefs are examples of 1 to 4 (the knowledge of their targets) and 8 11. This list of 12 Belief is designed to give you an impetus for introspection. Thus, be honest with yourself and begin to explore what you really believe about markets. Results may not be for you a very unexpected.