FOREX TECHNICAL ANALYSIS REVEALED!

 Several traders have argued against what they thought was the “negative thinking.”  of Losers Anonymous. 


A retired woman from Texas, a highly successful trader, described her approach. She is very religious, prays every morning, and then drives to an office where she actively trades. Whenever the market starts moving against her, she cuts her losses very fast because it would not, please the Lord for her to lose His money.


 I thought that our methods were similar. The goal is to cut losses due to some objective, external rule.

 

Trading within a businessman’s risk is like living without alcohol. A trader has to  

admit that he is a loser, just as a drunk has to admit that he is an alcoholic. Then he  

can begin his journey to recovery!

 

This is why every morning before trading I suggest saying: “Good morning, My  

name is so-and-so, and I am a loser. I have it in me to do make serious progress to my account.” 


This is like an AA meeting—it keeps your mind focused on the first principles.


 Even if you take thousands of dollars out of the market today, tomorrow.  

you say: “Good morning, my name is so-and-so, and I am a good trader.”

 

A friend of mine joked: “When I sit in front of my quote screen in the morning,  

I say, ‘My name is SANDRA, and I’m going to make it good today’” Her thinking generates peace. “Losers Anonymous” thinking generates serenity. 


A trader who feels serene and relaxed can focus on looking for the best and safest trades. 


When a sober man and a drunk enter a race, you know who is more likely to win. A drunk may win once in a while, but the sober man is the one to bet on. You want to be the sober man in that race!

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