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. They are caught in the trap of self-denunciation, artificial rejection and they can’t wait to get more of it ! Negative bombardments by relatives and parents to kids makes it seem there is a conspiracy to create and keep a “can’t do” thinking-attitude in individuals . Conditioning continues through song lyrics, television commercials, pressures from friends, relatives, neighbors, social contacts and nearly all of society . A newspaper cannot be sold , the news can’t be interesting unless you have misery and unpleasantness …. which is what a loser is made up of anyway.
Misery is loved by losers – it is the only thing that makes him happy . Think of it !
The losing trader is a self-defeatist . He functions best when he is under stress and strain , and he feels right at home when he loses money. When a loser strikes gold in the market, he falls apart … 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 – then ends up developing what one top futures trader (Larry Williams) called “the King Kong feeling”. Self control is lost and he quickly loses his profits , and he goes back to struggling and loss, which he’s already used to , – like lemmings going out to the ocean, and while he may not admit it, the struggle is what he loves he loves the struggle to win although he won’t admit it. His mind cannot cope with the winning itself . Struggle is what he copes with . It’s incredible, isn’t it? Especially when you examine it through a day trading online course.
He links an immature posture . It’s easy to see why he is made a fool of by the cordial politician that says “Look, don’t worry about your life. We’ll take care of it for you. We know better than you what is good for you” .
A loser has a desire to win that is overwhelming . They tell themselves that winning can happen , and keep coming back determined to save face . 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 very same market but at a time that is all wrong. Basically his mind tells him “This can’t be happening to you”. He doesn’t really know where he is . He turns into another person.
[It is always a happy event to see a loser win , 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 loser’s mind will be so happy with the profit , that it will grab it, but nearly always prematurely . If a loss is occurring to the account , his mind says “It will all work out in the end” and they continue to hang on. He always cuts his profits short, and lets his losses run .
Shorting the market is difficult for a budding trader. He thinks that the sky is the limit and that there is no ceiling on prices . Growth is inevitable as long as he is buying against base zero , because in his mind life is all about growth and upward movement.
We will continue this discussion about how losers think in our next article in this day trading online series.
Charles Drummond is a Canadian trader who has written nine books about trading and has created a day”>http://bit.ly/9t2XHc“>day trading onlline called “Drummond Geometry.” His biography and further information about his work can be found at the tday”>http://www.drummondgeometry.com”>tday trading online website.