Tag Archives: Personality
The Psychology of Trading – Positive Personality Traits – Part 2
Dear Reader
Trading and investing in the stock market not only means you need to have a thorough understanding of Fundamental Analysis, Technical Analysis, Trading Strategy, Portfolio Management and Risk Management. You also need to be able to understand yourself, or more importantly understand how you react to certain situations.
Here we have a list of personality traits that are akin to people we all know, and in fact we all have a little of all of them in us. Here we detail the positive personality traits.
Captain Contrarian
“A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.” Warren Buffet.
When the news is as bad as it could possible get, when brokers are losing their shirts, their jobs and their Porsches, when apparently sane people are moving to the country to live off the land because of economic meltdown, THAT IS THE TIME TO BUY, and BUY BIG. That is where the biggest profits are.
Sir Right Royal Run for the Hills
All successful traders incorporate the gentry into their trading style.
Be ready to change your opinion, quickly When the trade goes bad, get out! Pride = Pain in the stock market.
Corporal Commitment
Not a role usually associated with young males, however when you commit to a trade commit.
The most successful investors, when they have made a decision commit with everything they have. George Soros broke the Bank of England through his commitment to his belief. If he had gone into the commitment half heartedly, he would have lost everything.
Even if you commit everything be prepared to back out quickly, the size of your commitment, should not hinder your ability to change course in rough seas.
Sir Houdini
Always have an escape plan, know the criteria by which you will get out. Be it a bad earnings report, a loss of 5%, or a potential global financial crisis.
The Saint
My mother is a living example of this as she has the Patience of a Saint. Unfortunately I did not inherit this trait naturally, and have had to learn this the hard way. Profits, like a fine Italian Bardolino wine, take time to develop, but when they have developed taste so much better.
Private Timeout
You do not always need to be in stocks, give yourself a rest stay in cash until the coast is clear.
The Runner
Do not cut your profits short. Never say “when I make 15% I will sell”. I made this mistake with Smith & Wesson Holding Corp (SWHC). I bought this stock end of March 2009, for $ 3.25, when it broke through a 4 month resistance line. I sold on 10th March 2009, for $ 4.25 (30% gain in 10 days. A healthly gain.´ the stock went on to a heady proce of $ 6.61 over 100% gain. Ouch. Most important is of course make a profit. But if you can learn to control your emotions, and let it run, it big wins are there.
Brigadier Big Win
It is OK to loose, chances are you will lose 50% of the time, ensure you lose small and win bigger. We will learn more about stop loss strategies in future articles. I hope this section helps you to learn more about positive mental attributes required to help improve both the numbers of winning trades and the size of the wins.
Summary.
I hope this section helps you to learn more about positive mental attributes required to help improve both the numbers of winning trades and the size of the wins.
This Article was published by the Liberated Stock Trader – Barry D. Moore.
Related Positive Mindset Articles
The Psychology of Trading – Positive Personality Traits – Part 1
Dear Reader,
Trading and investing in the stock market not only means you need to have a thorough understanding of Fundamental Analysis, Technical Analysis, Trading Strategy, Portfolio Management and Risk Management. You also need to be able to understand yourself, or more importantly understand how you react to certain situations.
Here we have a list of personality traits that are akin to people we all know, and in fact we all have a little of all of them in us. Here we detail the positive personality traits.
The Philosopher
“The wise man knows that he knows nothing” Socrates
One way to gain confidence in your trades is always be a student, always look to learn, improve, and better your understanding. But do not kid yourself; you can never be 100% confident. If you are a true Philosopher you will also know what you do not know. Always understand that you cannot know everything, crowds make strange decisions, buying patterns fluctuate almost like organized chaos.
The Student
Learn, Learn, Learn and most importantly understand. This website is dedicated to this cause. Learn what the indicators mean, learn how to read a balance sheet, learn how earning affect stock price, learn about yourself.
Take a Jung Typology Test (10 minutes)
The Jung-Myers-Briggs evaluates personality type and preference based on the four Jungian psychological types:
extroversion (E) or introversion (I)
sensing (S) or intuition (N)
thinking (T) or feeling (F)
judging (J) or perceiving (P)
It is incredibly accurate and thought provoking.
The Good Shepherd
Understand that the market does not always move logically the market is emotional. Crowds are really emotional, the crowd is akin to sheep but amongst the sheep there are wolves in sheep’s clothing (negative earnings reports / bad news) and when the wolves unveil themselves the sheep tend to panic and scatter. Do not let the occasional wolf throw you off course.
The Believer
Having Self belief in the market place is vital and possibly the hardest of all emotions to develop, first you must become a philosopher, then a student, and only then can you start to believe.
Do not rely on anyone else to sell you the secret of success. If they had it they would not need to sell it to you because they would already be rich.
The Realist
Read the Section This will demonstrate to you, that in the real world, you will not become a millionaire overnight, in one year or ten years. However, given enough time, consistent profits and compounding, it is possible.
Stocks regularly move up and down 1-10% in a day. Sealing in a 10% gain in a day or week is an excellent result. Do not expect to double your money in a week, month or year, this is very rare, and this is the bait used to sell you trading robots, stock newsletters or secret trading strategies, it is all FOLLY.
“People who pay for automatic trading systems are like medieval knights who paid Alchemists for the secret of turning base metal into gold” Dr Alexander Elder – Trading for a Living p15. Joy of Winning Joy of Winning is a beautiful women, and to be in her presence is intoxicatingly good.
Winning is a way of life. But not always in the stock market, every day can mark us a winner or a loser. The true winners, have more money at the end that they started with. Winning can be addictive, but do not let it cloud your vision.
Joy of losing.
Believe it or not, there can be a great joy in loosing. I have had many times where I have bought a stock and instantly it turned strongly against me. How could I possible enjoy that? Easy! I get out of the stock quick. SELL. When I sell, and then the stock plummets, I get a deep satisfaction about how much money I saved by being nimble, flexible and most of all decisive.
Summary.
I hope this section helps you to learn more about positive mental attributes required to help improve both the numbers of winning trades and the size of the wins.
This Article was published by the Liberated Stock Trader – Barry D. Moore.
A completely free guide to learning how to find winning stocks, and make money from trading can be found on the http://www.liberatedstocktrader.com/ Website.
More Positive Mindset Articles
5 tips To Make a Killer First Impression – Personality Development & English lessons by Niharika
5 tips To Make a Killer First Impression – personality Development & English lessons by Niharika
Most people will judge you within the first few seconds of meeting you and their view will most likely never change. Making a good first impression is utmost important, because you only get one chance at it.
It takes just a quick glance, maybe three seconds, for someone to evaluate you when you meet for the first time. In this short time, the other person forms an opinion about you based on your appearance, your body language, your attitude, your mannerisms, and how you are dressed.
So, whether they are in your career or social life, it’s important to know how to create a good first impression. This lesson by Niharika provides some useful tips to help you do this.
1. Set an intention.
The most important thing to do for giving a good impression is to set your intention. This is especially important before any kind of big event where you would be meeting a lot of people — i.e. conferences, networking events or friend’s parties. As you get ready or when you are driving over think about what kind of people you want to meet and what kind of interactions you want to have. This can be an incredibly grounding experience and works very well to focus on what kind of energy you want to have for your event.
2. Present Yourself Appropriately
Of course physical appearance matters. The person you are meeting for the first time does not know you and your appearance is usually the first clue he or she has to go on.
But it certainly does not mean you need to look like a model to create a strong and positive first impression.
The key to a good impression is to present yourself appropriately.
They say a picture is worth a thousand words, and so the “picture” you first present says much about you to the person you are meeting. Is your appearance saying the right things to help create the right first impression?
Start with the way you dress. What is the appropriate dress for the meeting or occasion? In a business setting, what is the appropriate business attire? Suit, blazer, casual? And ask yourself what the person you’ll be meeting is likely to wear — if your contact is in advertising or the music industry, a pinstripe business suit may not strike the right note!
For business and social meetings, appropriate dress also varies between countries and cultures, so it’s something that you should pay particular attention to when in an unfamiliar setting or country. Make sure you know the traditions and norms.
And what about your grooming? Clean and tidy appearance is appropriate for most business and social occasions. A good haircut or shave. Clean and tidy clothes. Neat and tidy make up. Make sure your grooming is appropriate and helps make you feel “the part”.
Appropriate dressing and grooming help make a good first impression and also help you feel “the part”, and so feel more calm and confident. Add all of this up and you are well on your way to creating a good first impression.
3. Be Open and Confident
When it comes to making the first impression, body language as well as appearance speaks much louder than words.
Use your body language to project appropriate confidence and self-assurance. Stand tall, smile (of course), make eye contact, greet with a firm handshake. All of this will help you project confidence and encourage both you and the other person to feel better at ease.
Almost everyone gets a little nervous when meeting someone for the first time, which can lead to nervous habits or sweaty palms. By being aware of your nervous habits, you can try to keep them in check. And controlling a nervous jitter or a nervous laugh will give you confidence and help the other person feel at ease.
4. Be Courteous and Attentive
It goes without saying that good manners and polite, attentive and courteous behavior help make a good first impression. In fact, anything less can ruin the one chance you have at making that first impression. So be on your best behavior!
One modern manner worth mentioning is “turn off your mobile phone”. What first impression will you create if you are already speaking to someone other than the person you are meeting for the first time? Your new acquaintance deserves 100% of your attention. Anything less and you’ll create a less than good first impression.
5. Close on a good note.
Keep them wanting more. Show that you had a really good time and would like to see them again. Maybe even text them saying so when you get home. People on a first date not only want to have a good time, but they want to know that you did as well. They want that reassurance. Don’t be over clingy though!
Enjoy the lesson!
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Personality Development Training TIPS & TRICKS Video Lesson 34 – Mind Power
This best Personality Development Training Video is for your Personality Building and change. This Personality Development Program in Hindi and Englisg is equally beneficial for men, women, students, children, teenagers, teens, and youth.
Feel better, improve your health. Succeed more often. Get more friends. Increase your salary. All is possible with improved personality.
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What if telekinesis was real? How would you react? Our hidden camera experiment captures the reactions of unsuspecting customers at a New York City coffee shop as they witness a telekinetic event.
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How To Improve Your Personality | 9 Personality Enhancing Tips
Alpha M. Confidence Course: http://www.iamalpham.com/index.php/topics/alpha-m-confidence-course/
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In this video men’s style, grooming, fitness and lifestyle expert, Aaron Marino of http://www.aaronmarino.com http://www.iamalpham.com http://www.peteandpedro.com, shares 9 tips to improve your personality. If you follow these 9 tips you will have a better personality.
Personality is our typically pattern of thinking, feeling, acting, and communicating. It’s what you do consistently across the board. Aaron Marino of alpha m. wants you to think of someone who you think has a magnetic personality.
What about their personality makes someone have a ‘good personality’?
It’s hard to nail down because there are so many aspects of a personality. Alpha M. has broken down personality into traits which each can be improved to improve personality overall.
1. Be a better listener – engage, put phone down, make eye contact
2. Become more interesting – engaging and actively seeking out education and information
3. Practice and adopt a more optimistic outlook on life – talk about positive things and look at things differently
4. Be encouraging and supportive to others – people raise you up with positive energy
5. Have integrity and treat people with respect
6. Don’t talk about people, make fun of other people, and gossip
7. Don’t be afraid to be yourself
8. Have the ability to laugh at yourself
9. Do things that you need to do daily to facilitate your confidence – if you like what you see looking back in the mirror and know you bring value to the world, this confidence will transition to everything in your life.
