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    Stress Free Trading: A Practical Self-help Guide For Trading ON The Stock Exchange
    Stress Free Trading: A Practical Self-help Guide For Trading ON The Stock Exchange
    Stress Free Trading: A Practical Self-help Guide For Trading ON The Stock Exchange
    Ebook181 pages1 hour

    Stress Free Trading: A Practical Self-help Guide For Trading ON The Stock Exchange

    By Artur Sinitsyn

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    About this ebook

    The book explains how strongly emotions and the human factor impact trading and that your trading can be made better only through self-improvement.The book is intended for beginners and experienced traders who want to understand what they are doing wrong and why. The practical exercises will help to identify and eliminate mistakes, and develop your own trading style.
    LanguageEnglish
    PublisherArtur Sinitsyn
    Release dateAug 4, 2023
    ISBN9783988652898
    Stress Free Trading: A Practical Self-help Guide For Trading ON The Stock Exchange
    Author

    Artur Sinitsyn

    Artur Sinitsyn is a trading psychology teacher at Live Investing Group; he is a practicing trader, a developer of Sellnbuy intellectual game a guidance manual for teaching trading skills.

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      Book preview

      Stress Free Trading - Artur Sinitsyn

      titlepage

      Table of Contents

      Artur Sinitsyn STRESS FREE TRADING

      ABOUT THE AUTHOR

      TERMS AND DEFINITIONS

      INTRODUCTION

      PROBLEMS THAT CAN BE RESOLVED WITH HELP OF SHORT-TERM WORK WITH A PSYCHOLOGIST

      QUESTIONNAIRE

      CHAPTER 1 TRADING SYSTEM: RISK, MONEY AND TIME MANAGEMENT

      THREE BASIC COMPONENTS OF TRADING

      SO WHAT IS A TRADING SYSTEM?

      RISK MANAGEMENT: KEY TIPS ON LIMITING LOSSES

      MONEY MANAGEMENT — YOUR FINANCES

      TIME MANAGEMENT: CONTROL YOUR TIME

      CHAPTER 1 QUESTIONS

      CHAPTER 2 GOALS: RULES FOR GOAL SETTING IN TRADING

      VARIANTS OF IMPORTANT GOALS IN TRADING

      CHAPTER 2 QUESTIONS

      CHAPTER 3 MOTIVATION. OPPORTUNITIES. DISIRES

      MOTIVATION

      OPPORTUNITIES

      DESIRES

      CHAPTER 3 QUESTIONS

      CHAPTER 4 TRADING JOURNAL

      TRADE PARAMETERS

      CHAPTER 4 QUESTIONS

      CHAPTER 5 EMOTIONAL JOURNAL: TRADING ON EMOTIONS

      CHAPTER 5 QUESTIONS

      CHAPTER 6 EMOTIONAL JOURNAL: TRADING ON EXPECTATIONS

      CHAPTER 6 QUESTIONS

      CHAPTER 7 RELIEVING EMOTIONAL STRESS

      CHAPTER 7 QUESTIONS

      ELLIS’ ANXIETY ASSESSMENT TEST

      CHAPTER 8 BUILDING A TRADING PLAN

      CHAPTER 8 QUESTIONS

      CHAPTER 9 PREPARING FOR A TRADING SESSION. THE RIGHT MINDSET

      GETTING IN THE RIGHT MINDSET

      CHAPTER 9 QUESTIONS

      CHAPTER 10 TRADING MISTAKES AND DEALING WITH THEM

      CHAPTER 10 QUESTIONS

      CHAPTER 11 PSYCHOLOGICAL DISTORTION

      CHAPTER 11 QUESTIONS

      CHAPTER 12 RECOVERING AFTER LOSSES

      CHAPTER 12 QUESTIONS

      CHAPTER 13 TRADING FEARS. DEALING WITH FEARS

      CHAPTER 13 QUESTIONS

      CHAPTER 14 GREED: TYPES AND CAUSES

      CHAPTER 14 QUESTIONS

      20 QUESTIONS OF GAMBLERS ANONYMOUS

      CHAPTER 15 PSYCHOLOGICAL PORTRAIT OF A TRADER

      CHAPTER 15 QUESTION

      ADDITIONAL TEST ON UNDERSTANDING YOUR TRADING

      COMMENTARY TO THE TEST

      CONCLUSION

      Artur Sinitsyn

      STRESS FREE TRADING

      A PRACTICAL SELF-HELP GUIDE FOR TRADING ON THE STOCK EXCHANGE

      THE PURPOSE OF THIS BOOK:

      to demonstrate how strongly emotions and the human factor impact trading and that your trading can be made better only through self-improvement.

      THE INTENDED AUDIENCE:

      for beginners and experienced traders who want to understand what they are doing wrong and why; to help identify and eliminate mistakes, and develop your own trading style as a result.

      ABOUT THE AUTHOR

      Artur Sergeevich Sinitsyn is a trading psychology teacher at Live Investing Group; he is a practicing trader, a developer of Sell’n’buy intellectual game — a guidance manual for teaching trading skills.

      * * *

       would like to express my personal gratitude to Sergei Alekseev and the Live Investing Group prop company. Without them, this extensive publication would not have been possible.

      Working as a psychologist at LIG helped me gather a sufficient information base for writing this book. I was able to follow the activities of hundreds of traders for a long period of time, identifying their main psychological problems and mistakes. I was able to collect statistics which formed the basis for my writing.

      I hope that this book will help you to deal with common trading problems and will give you a boost towards qualitative growth in trading.

      TERMS AND DEFINITIONS

      Stock exchange — a centralized financial market where securities (shares), bonds, derivatives, and other financial instruments are traded.

      Broker — an institutional and regulatory intermediary in trading financial instruments.

      Volatility (from Lat. volare - to fly) — an indicator of price movement speed.

      Chart — a visual display of price fluctuations of a financial instrument.

      Deposit — the amount of the account with which the trader conducts his trading of financial instruments.

      Closing a position — a transaction of buying or selling a financial instrument, resulting in fulfilment of the trader’s obligations on the previous opening transaction, and profit/loss calculation.

      Investment — long-term placement of capital for the purpose of making a profit.

      Instrument, financial instrument — an asset with which a transaction is made for the purpose of making a profit.

      Intraday — one of the approaches to trading on financial markets, where open positions are not carried over to the next day. All trading is carried out only within one day.

      Long — a long trade, or a buying transaction.

      Lot — volume of the trade, equal to a part of the base instrument.

      Margin — the margin amount for which the broker provides a credit for trading operations; market participant's funds used to finance a transaction.

      Margin call — literally: a call from a broker with a request to the client to replenish the margin; a trading situation in which a trader does not have enough funds on the balance to maintain open positions.

      Volume — the total amount of the asset traded per time unit.

      Order — an order to perform a certain action on the stock exchange (to open or close a transaction)

      Opening a position — buying or selling a financial instrument, which results in the trader’s obligations to make an opposite trade in the same financial instrument in the same volume.

      Pattern — price model, or behavioral pattern.

      Overtrading — excessive buying or selling of financial instruments.

      Drawdown — a loss incurred during the time period starting from the historical peak of the yield curve to historical minimum of the yield curve.

      Prop (proprietary) trading — a type of activity on financial markets, when a company works with its own capital (without attracting investor money), and also allows private traders to work with them, selecting the best ones for the regular staff.

      Profit —  income gained in financial markets as a result of a successful transaction or transactions.

      Point (pip-price interest point) — the smallest possible price movement in financial markets.

      Scalping, pipsing —  a slang term for one of the internal strategies of three-day speculative operations on the stock, currency, commodity markets, when a transaction is closed at a small profit of a few points (pips).

      Stop-loss — an advance order that locks in the trader's planned loss.

      Timeframe or trading period — a time interval used to group quotes when building the elements of

      a price chart (bar, Japanese candlestick, line chart).

      Take-profit — literally: to take profit; an advance order that locks in the trader’s planned profit.

      Trading terminal — a computer application used for stock trading.

      Trend — a stable price direction either up or down.  A trend going up is called a bullish trend, a downtrend is called a bearish trend.

      Level — symbolic lines that display the minimum and maximum prices of a position at a specific timeframe.

      Flat (trading flat, sideways price movement)— literally: flat; a market condition without a pronounced trend.

      Short —  literally: a short trade; a selling transaction.

      INTRODUCTION

      Trading is the direct job of a trader: analysis of the current situation in the market and making trade deals.

      The fact that a trader is a person does not need to be explained.

      Psychology is a branch of science that studies the patterns of origin, development and functioning of the psyche and psychic activity of a person and groups of people.

      So, what have we got?

      Psychology of tradingis the study of the patterns of origin, development and functioning of the psyche and psychic activity of a person and groups of people acting on their own initiative and striving to gain profit directly from the trading process.

      During trading, a trader may experience difficulties that can be resolved with the help of a specialist.

      PROBLEMS THAT CAN BE RESOLVED WITH HELP OF SHORT-TERM WORK WITH A PSYCHOLOGIST

      • Performance stress. When profit-to-loss ratio worries more than making good trades.

      • Fear of trading. Freezing while trading; missing out favorable opportunities.

      • Impulsive trading. Excessive activity (inadequate increase of trade volume and/or trading too often) because of boredom or loss of concentration.

      • Revenge trading. Departure from trading plans because of anxiety or anger caused by a loss.

      • Loss of self-confidence. Self-doubt and lingering negative thoughts because of losses and/or recent problems outside trading.

      • Beliefs that interfere with good trading decisions: perfectionism, negative expectations, overconfidence, linking self-esteem with income size.

      WHY DON’T I DO WHAT I SHOULD DO?

      _11.jpg_1

      WHY DO I DO WHAT I SHOULDN’T DO?

      QUESTIONNAIRE

      Before you read the book and start answering questions and doing exercises on your own, fill out the questionnaire. After reading the book, be sure to go back to your notes and study them.

      Date:........

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