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Part 1 How Do Losers Think - Etf Trading
By Mike | September 4, 2010
We’re going to look closely at the thinking of losers with this etf trading series.
Tagore - the famous poet: —- wrote , “Pessimism is a form of mental dysomania. It distains healthy nourishment and indulges in the strong drink of denunciation and creates an artificial rejection which thirsts for a stronger draught”.
Losers are just like the lemmings, racing towards the ocean. The trap of rejection and self denunciation catches them and they can’t wait to get more of it ! Bombardment by negatives, by parents and relatives to children and the continuation of this through life makes it seem there is a conspiracy to create and keep in individuals an attitude or way of thinking that is "can’t do". Through television, songs, social groups, family, and friends, this conditioning continues on. A newspaper cannot be sold , the news can’t be interesting unless you have misery and unpleasantness …. which is what makes up a loser .
Misery is loved by losers - it actually brings them happiness. Imagine that!
The trader that is a loser is a self defeatist . He does the best when stress and strain occur, and is at home when he is losing money . He falls apart when he strikes gold in the market … he is not used to it . He does not know how to enjoy success . Struggling and losing have always been what his thoughts are build upon . A win occurs, he loses it, becomes an expert - he develops what one prominent futures trader (Larry Williams) called "the King Kong feeling". He quickly loses control, and then the profits disappear, and he’s back to the misery and struggling again, that which he is used to , - like lemmings going out to the ocean, and he may not wish to admit it but he loves to struggle,- to struggle to win . Winning is something his mind can’t cop with . His mind can cop with struggle. Amazing, isn’t it ? Especially if you take a look at it through a etf trading course.
He associates a posture of immaturity. It’s easy to see why he is made a fool of by the cordial politician that says "Don’t worry about things. We’ll deal with it. We know what’s best for you" .
The loser just has an overwhelming desire to win . They persuade themselves they can win , and to save face they keep coming back . In their psychological patterns ineffectualness is already programmed in. He almost becomes hypnotized with success by those events that occur. He then goes into a trance or hypnotized state . Sinking feelings about various things occur to him. He cannot wait to apply what he did right , usually to the same market again, but at the wrong time . His mind is almost saying to him, "It really isn’t happening to you" . He has no idea where he’s at . He turns into another person.
[ Seeing a loser win is a great event , but it’s sad because you can recognize the trance state they are in , and you know that soon they’ll start losing once again - enough that they’ll be back to where they started again .]
There are times when a profit accrues, the profit will make their mind so happy , that it will grab it, but nearly always prematurely . If a loss is occurring to the account , his mind tells him it will work out and they continue to hang on. He allows losses to run and cuts short the profits .
The market is hard to short for the budding trader . He thinks that the sky is the limit and that there is no ceiling on prices . As long as he buys against base zero, growth is inevitable , since to him life is all about upward movement and growth .
Next time we’ll look further at loser thinking patterns in the next article in our etf trading course series.
Topics: Investing |
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