Day Trading Online - How Losers Think Part I

Today we will have a closer look at how losers think in this day trading online series.




The following was written by a famous poet - Tagore , "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 ! Negative bombardments by relatives and parents to kids is as if there is a conspiracy to develop and sustain an attitude of "can't do" in people . Nearly all society continues this conditioning through commercials, pressure from friends and family, and music . A newspaper cannot be sold , the news can't be interesting unless it contains unpleasant thoughts and misery .... that which the loser is made of .



Losers out there love misery - it actually brings them happiness. Incredible !



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 ... that isn't what he is used to . He has never learned how success should be enjoyed. His thoughts have been build upon struggling and loss. He has a win, goes berserk, gets to be an expert - he develops what one prominent futures trader (Larry Williams) called "the King Kong feeling". He loses self-control, and boom - his profits are gone , and he goes back to struggling and loss, which he's already 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 . His mind isn't able to cope with winning. It copes with the struggle . Amazing, isn't it ? Especially if you look closely at it with a day trading online 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 "There's no need to worry about your life. We can take care of it. We actually know what is good for you better than you do".



An desire to win that's overwhelming is what the loser has. They convince themselves that winning is possible , and to save face they keep coming back . In their psychological patterns ineffectualness is already programmed in. With success he becomes almost hypnotized by the events which then shower upon him . He then goes into a trance or hypnotized state . This and that gives him sinking feelings . He cannot wait to apply what he did right , usually to the same market again, but at the wrong time . His mind basically tells him "This really isn't happening" . He has no idea where he's at . He becomes another person .



[ Seeing a loser win is a great event , but it becomes sad when you see them in a trance state, and you know that they'll lose again within time - enough that they'll be back to where they started again .]



There are times when a profit accrues, their mind will be so happy with that profit, that prematurely they will reach out and grab it. If a loss is occurring to the account , his mind says "It will all work out in the end" and so he hangs 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 , because in his mind life is all about growth and upward movement.



Next time we'll look further at loser thinking patterns in the next article in our day trading online series.
 
Charles Drummond is a Canadian trader who has written nine books about trading and has created a day trading online called “Drummond Geometry." His biography and further information about his work can be found at the day trading online website.