LÀM SAO ĐỂ TRỞ THÀNH TRADER GIỎI HƠN Copyright 2020 Dr Alexander Elder TRADERVIET.COM TRADERVIET.COM Class outline Time-tested Psychology (individual and mass) Basic charting Computerized analysis (favorite indicators) Trading systems Basic risk management Good record-keeping New trading tools – for risk control and self-control • How to place stops • How to manage money in your account Current markets review All illustrated with current market examples Q&A throughout After the class: visit SpikeTrade.com Individual psychology • Open • High • Low • Close • Volume Trading: intellectually simple … Emotionally the hardest game in the world Individual psychology of a trader Why intelligent people keep losing money? Trading as entertainment Individual psychology of a trader Why intelligent people keep losing money? Trading as entertainment Individual psychology - mindfulness Mass psychology • The tendency to huddle under stress • Loss of independence in a group • Market different from other social areas TRADERVIET.COM Mass psychology of the markets – The tendency to huddle under stress – Loss of independence in a group – Market different from other social areas Remedies:  Make decisions alone!  Do not ‘talk your book’ 10 Trade Journal by SpikeTrade.com TRADERVIET.COM 86 Trade Journal TRADERVIET.COM 87 Daily homework TRADERVIET.COM 88 Become your own teacher: month reviews TRADERVIET.COM 89 90 Stops are a necessary evil Stay out of the zone of market noise At least 1.5 ATRs from entry When using two timeframes – Place stops on the shorter one, targets on the longer one 91 Stops in swing trading At least 1.5 ATRs from entry TRADERVIET.COM 92 Trade planning & entry 93 Stop = Entry – (1-ATR * 1.5) TRADERVIET.COM 94 Targets in swing trading Longer time-frame value zone and channels TRADERVIET.COM 95 Targets in swing trading Pay attention to the market trend TRADERVIET.COM 96 97 TRADERVIET.COM 98 TRADERVIET.COM 99 LÀM SAO ĐỂ TRỞ THÀNH TRADER GIỎI HƠN TRADERVIET.COM 100