Trading psychology-a fundamental habit to improve trade opportunity

Wednesday, October 6, 2010

By Gary Dayton, PSY. D. Platinum Quality Author Gary Dayton, PSY. D.
Level: Platinum

Dr. Gary Dayton is an active trader and a psychologist. This day of TRADE games s & P e-mini, running one-on-one coaching traders and performs a live ...

Successful traders successful developing positive habits that support their trading.A fundamental habit many successful traders "makes" every night.

It is not enough just to look at charts. ink that important data from purchases you pay many commercial dividends. We will consider first the kinds of data you need to write and then we will discuss some of the advantageous benefits you can gain by the numbers.

Key Data market

Key Elements would include such things as:

The high, low and closing your shopping followImportant price levels of support and resistance as swing highs and swing low levels. Market Profile merchant will want to track the value area of high and low, with values of the Control of primary indicators follow the.These include mathematical indicators, such as a rolling average, MACD or Continues. If you trade with the US shares or economic indicators, such as the Dow and S & P e-mini-games, you may also want to make the internal market indicators such as the scope of the market, divisions NYSE or VIX.

Keeping it simple

You do not need to write all about your purchase or my notes.Get a laptop and just write your information more important market.I trade games the S & P e-mini and my laptop is high, low, close, volume, area, high, low, closing subdivisions and a percentage of the price change marker.It is quite simple and fast.Must be less than 5 minutes every night.

Why do this?

There are several significant benefits to make their numbers.Here are some of the most important:

You keep in tune with your purchases. s & Ps, for example, the high and low of the previous day are frequent areas where configure distribution. monitoring of the day close keeps me clear on direct voltage. Noting the daily range is short-hand for me to keep on top of the variability and whether or not the market more and more or less volatile. Writing the numbers helps you to remember. one thing is to see something and those with photographic memories may need to go no more; for all of us, the Act of writing things that most parts of the brain and makes it more likely, you can save and encode what you write in your bank. Doing memory numbers immerses you deeper into the process of analysis as you can write things, would you think and study more. you will find yourself, for example, compare the current range over the last few days and Note shifts in variability. This will affect your market positively perceive the current behavior. your market-reading skills and improve confidence. Make every night numbers can help you develop almost lost art of tape reading. as I study the price behavior along with key indicators to improve the knowledge, skills and competences with care, may be surprised at how quickly your negotiation skills and increase confidence has been viewed This. 52 (s).
Article submitted on: September 24, 2010

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