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Your Technical Analysis Course on How Losers Think Part 1

By: Jimmy Dawkins

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We're going to look closely at the thinking of losers with this technical analysis course 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".

Lemmings that race to the ocean is what losers are like . They are caught in the trap of self-denunciation, artificial rejection and they want more ! Bombardment by negatives, by parents and relatives to children and the continuation of this through life makes it seem there is a conspiracy to create and keep a "can't do" thinking-attitude in individuals . Through television, songs, social groups, family, and friends, this conditioning continues on. A paper can't be distributed , a news hour cannot be made interesting unless it reeks with unpleasantries and miseries .... that which the loser is made of .

Losers out there love misery - 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 losing money makes him feel at home . He falls apart when he strikes gold in the market ... 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 - he develops what one prominent futures trader (Larry Williams) called "the King Kong feeling". He quickly loses control, and then the profits disappear, and he goes back to struggling and loss, which he's already used to , - like lemmings going to sea , and he may not wish to admit it but he loves to struggle,- to struggle to win . His mind cannot cope with the winning itself . His mind can cop with struggle. Amazing, isn't it ? Especially if you take a look at it through a technical analysis course.

He correlates a posture of immaturity . It's easy to see why he is made a fool of by the cordial politician that says "Don't worry about things. We'll deal with it. We know what's best for you" .

The loser just has an overwhelming desire to win . They convince themselves that winning is possible , and to save face they keep coming back . In their psychological patterns ineffectualness is already programmed in. When success occurs, those events about hypnotize him . Mind hypnotism or a trance occurs to him. He gets sinking feelings about this and that . The things he did right he can't wait to apply, usually at the wrong time to the same market . His mind is almost saying to him, "It really isn't happening to you" . He is unaware of where he is. He becomes another person .

[ Seeing a loser win is a great event , but because you see the trance they go into it is sad , and you know that they'll lose again within time - so much, that they will be right back where they started .]

There are times when a profit accrues, the profit will make their mind so happy , that prematurely they will reach out and grab it. If there is a loss occurring, his mind tells him it will work out and he/she hangs on . He cuts profits short and allows losses to run on.

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 , since to him life is all about upward movement and growth .

We'll continue to look at losers and how they think in the next part of this technical analysis course series.

Charles Drummond is a Canadian trader who has written nine books about trading and has created a tonline option trading/a> called “Drummond Geometry." His biography and further information about his work can be found at the www.drummondgeometry.com website.

Article Source: http://depositarticles.com/

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