Stock trading seems so simple. Find a stock, click buy and wait. Later, click sell and money is deposited into your trading account. Perhaps you do this a few more times with success. With each win you become more convinced that you are in sync with the market, never realizing that you just got lucky. Then one day, when you least expect it, the eventual loss comes followed by another and before you know it you have given all your winnings back, and then some. What once seemed simple is now frustratingly difficult.
Are you tired of giving your hard-earned money to other traders? Have you asked yourself, why can't I figure this out? Do you want to take your trading to the next level?
In Dating the Stock Market, you will learn that your mindset towards the markets and yourself can make all the difference to your success. This is useful information as you cannot change the markets, you can only change your interaction with the market. Once you realize that the gap between loosing and making money in the financial markets is within your control, you have taken a step towards becoming a consistently successful trader.
Your job as a trader is to become a consistently successful trader. To do that you need to work with the market, not against it. You must ensure a loss from one trade does not contribute to further losses. You need to develop a winner's mindset and improve your trading psychology.
In this book, you will learn:
1. That the mind you used to create a plan is not the mind you use to trade
2. Why when you do the right things consistently you will become successful
3. Why a trading loss is just a loss and says nothing about you as a person
4. The difference between the market changing direction versus trading errors
5. About the winning percentage you need and how many losses in a row you can handle
6. What constitutes a winning trade and why you should consider scaling out of trades
7. How to use Monte Carlo simulations to understand the variability of a trading plan
8. How to define your risk and profit targets before you enter a trade
9. How to write a trading plan
10. How to design a logical trading system and how to review trades
11. That trading the stock market is a probability game and how to think in probabilities.