IRS: Maiores reduções sentem-se nos 6.º, 7.º e 8.º escalões. Veja as simulações

[AntónioManuel]

PARA REFLETIREM.

O que é que pretendem alçançar no trading?

O meu objetivo é aprender tudo o que há para aprender sobre AT , alcançar o nível dos melhores traders, dos melhores mesmo, libertar-me de limitações financeiras e ser dono do meu tempo

[AntónioManuel]

Psicologia do trading:

Se se sentes pressionado de alguma forma para ganhar dinheiro no trading é mais difícil ganhar, porque vamos forçar a abertura de um negocio de qualquer mesmo vendo algum contra e as probabilidades de correr mal aumentam

[AntónioManuel]

Os amadores deixam correr as perdas e cortam os lucros (por esperança, medo, inexperiência)
Os profissionais cortam as perdas e deixam correr os lucros. É aqui que todos os traders que se lançam nos mercados querem chegar; perdas pequenas lucros significativos. Apenas está reservado a uma percentagem reduzida, são poucos os que se dedicam afincadamente, persistentemente ao estudo desta atividade, até obterem o sucesso.
Por isso a maioria paga para a minoria

[AntónioManuel]

Barbara Corcoran
‏
If you’re working for the love of money, you won’t ever get any

[AntónioManuel]

Dan Zanger
‏
Never believe in your stocks, only your stops .....

[AntónioManuel]

[AntónioManuel]

Há algumas cotadas a puxar pelo Psi mas não sei se será suficiente, os pesos pesados não estão em boa forma hoje

[AntónioManuel]

Steve Burns
‏
Why is trading so hard?

Human nature has trouble accepting losses quickly & keeping them small, and letting a winning trade run with the trend a making it big.

[AntónioManuel]

There are two kinds of traders:

1. Those who are humble.

2. Those who are going to be humbled.

[AntónioManuel]

Steve Burns
‏
The longer you wait for a losing trade to reverse and go in your favor, the greater the likelihood that you are on the wrong side of a trend.

[AntónioManuel]

A stop loss is insurance against a big loss.
Steve Burns

[AntónioManuel]

Here are 10 great technical trading rules that will help you build a systematic approach to trading:

1. Start with the weekly price chart to establish the long term trend, and then work down through the daily and hourly charts to trade in the direction of that trend. The odds are better if you are trading in the direction of the long term trend.

2. In Bull Markets, the best strategy is to buy the dips. In Bear Markets, the best strategy is to sell short into each rally. Always go with the path of least resistance.

3. Support and resistance levels can hold for long periods of time; the first few breakout attempts usually fail.

4. The more times a support or resistance level is tested, the greater the odds that it will be broken. Old resistance can become the new support, and the old support may become the new resistance.

5. Trend lines are the easiest way to measure trends by connecting higher highs or lower lows, and they must always go from left to right.

6. Chart patterns are visible representations of the price ranges that buyers and sellers are creating. Chart Patterns are connected trend lines that signal a possible breakout buy point if one line is broken.

7. Moving averages quantify trends and create signals for entries, exits, and trailing stops.

8. Moving averages are great tools for a trader to use, but they are best used along with an overbought/oversold oscillator like the RSI. This maximizes exit profitability on extensions from a moving average.

9. 52 week highs are bullish, and 52 week lows are bearish. All-time highs are more bullish, and all-time lows are more bearish. Bull Markets have no long term resistance, and Bear Markets have no long term support.

10. Above the 200 day is where bulls create uptrends. Bad things happen below the 200 day; down trends, distribution, bear markets, crashes, and bankruptcies.

These trading rules and strategies have helped me immensely over the years. Thanks for reading.

[AntónioManuel]

photo-1448932223592-d1fc686e76ea.jpg
Becoming A Better Trader With The Friday Checklist

Rolf February 5, 2016

How do you typically end your trading week? Do you just close your trading platform and spend the night in a bar or on your couch watching movies? If this describes your post trading routine, there is lots of room for improvement which can help your performance immediately. The right Friday post-trading analysis can make a huge difference in your trading and not doing it will almost certainly keep you from achieving consistency.

Here is our 8 points checklist to improve your weekly trading review, thus, your performance.



1) Did you meet your weekly, non-monetary trading goals? Did you make progress?

It is important to not get hung up on short term monetary goals. Forcing weekly returns almost always leads to underperformance. Non-monetary goals typically include avoiding bad habits and following your rules. In our 12 week program we encourage traders to identify their greatest weaknesses and then work at them one at a time.


2)What setup and/or instrument performed best for you? And why is that?

What do your winners have in common? Are market conditions favoring your strategy or did you make any changes that lead to greater profits? Try to find what works best and then do more of it.


3) What cost you the most money this week? How can you turn it around?

Were your losses caused by bad trading or did you not listen to what the market told you? Identifying performance killers is a big step towards profitable trading



4) Did you spend enough time away from your charts working on your trading (e.g. preparation, journaling, review, etc.)?

The myth of screen-time is misleading traders. You don’t become a better trader by staring at charts all day long, but only actively working on your skills and reviewing your performance. How do you spend your time? Do you leave enough room for improvement?

Porter_boredom


5) Would you say that are you are serious enough about trading?

Trading is a serious business where effort and discipline are rewarded. The typical approach of the average trader does not reflect this. Hunting signals, changing methods and trying new indicators constantly is as far away from profitable trading as it gets.

Steenbarger_preparation


6) Do you follow your plan and rules consistently?

tiltIf you are an Edgewonk user, your Tiltmeter will answer this question. We set the Tiltmeter challenge at the start of your 12 week program for a reason. The Tiltmeter is the ultimate goal to build discipline.


7) Are you adhering to sound risk management principles?

Often, traders can remain disciplined for a long period of time and then lose all their profits on just one trade. Wrong risk management and not adhering to your stop loss can easily wipe out a large portion of your account. Make sure that no single trade can have a meaningful impact.



8) Did you journal all your trades?

Journaling requires manual effort and it can seem like a tedious task to enter your trade data. However, there is no replacement for it and our users report that they see a positive influence on their trading after a few weeks already. This brings us back to question 5: are you serious about this? Do you want to create long-lasting success as a trader or do you try to find the quick fix?



Your Friday routine for better trading

Set aside 60 – 90 minutes before you start your weekend and answer those questions honestly. There is no point in sugarcoating failure and a lack of discipline – it will just keep you from making progress. Although it might sound harsh, in the end nobody but you cares about your trading success and you owe it to yourself to use the time and effort you put into trading in the most effective way.

We developed Edgewonk so that it is the ultimate tool that will hold you accountable and, at the same time, provide the most honest view on your performance. It will help you stay objective and set you up for success.

Journaling Tips, Psychology

[AntónioManuel]

30. The trading rules I live by are: (1) Cut losses. (2) Ride winners. (3) Keep bets small. (4) Follow the rules without question. (5) Know when to break the rules.

31. The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.

Embrace losses

32. If you can’t take a small loss, sooner or later you will take the mother of all losses.


Quotes by Ed Seykota

[AntónioManuel]

Fui ver o meu tópico e comparar com os gráficos atuais, eliminei uma serie de coisas desde Julho do ano passado e os resultados melhoraram
Menos é mais

Aproveito para partilhar uma coisa que vi agora

Rayner Teo
Staring at charts isn't going to get you very far.

Get a trading plan. Get a trading journal. Get moving.

[AntónioManuel]

Então António como isso está a correr?

Apesar de nunca comentar andava a seguir este tópico com alguma regularidade e curiosidade sobre os resultados

Olá Whiteshark , está a correr bem, apesar de ainda cometer alguns erros, na gestão do risco, mas a rentabilidade tem sido positiva, passei por um período de fadiga estava ser desconfortável e penoso a publicação dos trades e perdi o interesse por o fazer.
Durante este período comecei a trocar impressões por mps e agora por telemóvel e sms com um colega do Caldeirao e neste momento estamos a fazer um trabalho de equipa diário em que analisamos três ações em conjunto com o objectivo de conseguirmos, fazer bem o mais rapidamente possível, e está a correr muito bem.
Quanto ao topico não sei se voltarei a postar.
Abraço

[whiteshark]

Então António como isso está a correr?

Apesar de nunca comentar andava a seguir este tópico com alguma regularidade e curiosidade sobre os resultados

[AntónioManuel]

.

[AntónioManuel]

Deixo a minha analise á Portucel que está com um aspecto interessante:

No Semanal quebrou em alta a SMA50
No Diário fez um gap up e aguentou
No Gráfico a 4h fez Breakout com bom volume

[AntónioManuel]

Secondary Anxiety and Trading Performance

A while back I wrote about performance anxiety as the most common emotional issue faced by traders and covered some of the techniques that are most effective in combating performance anxiety. There is, however, another variety of anxiety that affects traders that receives almost no attention. Psychologists call it secondary anxiety.

Let's say a person has a panic attack, an overwhelming experience of anxiety and dread that isn't connected to anything obvious. That panicky feeling may be so frightening that the person develops a fear of the attacks. That is how panic disorder patients often develop agoraphobia: they assume that their attacks are caused by something in their environment, so they avoid going places that (they think) might trigger further attacks.

Similarly, I've worked with students who have suffered from test anxiety, a very common form of performance anxiety. They become so fearful that they'll become anxious during a test that they generate the very fear that they hope to avoid!

When people become anxious about their own anxiety, that is called secondary anxiety. It is a particularly thorny problem, because it sets up a vicious cycle: more anxiety leads to more fears of anxiety leads to further nervousness.

A key element that perpetuates the cycle is avoidance of situations that might trigger anxiety. As long as we try to avoid what we fear, our fears control us. Psychologically, the only cure for anxiety is to directly confront our fears *while we remain under control*. That way, we learn in our experience that threatening situations are manageable.

What happens with traders is that they respond to losses (or threatened losses) with disruptive anxiety, often because they are trading excessive size/risk. As a result, they develop a fear of these disruptions and avoid situations that could lead to repeat incidents. One trader I worked with never increased his size in a way that was commensurate with his skills. He made money, but never as much as he should have. It turns out that this was his way of coping with large, painful losses early in his career. His small size was his way of keeping secondary anxiety at bay; he wasn't simply afraid of losing money, but was also afraid of losing his mind.

Another trader I worked with was so afraid of going on "tilt" that he overanalyzed trading opportunities, often missing good trades. The "tilt" that he feared had its roots in anxiety: losing control over trading, because of losing emotional control.

The approach I've found most helpful for such secondary anxiety is guided imagery, aided by biofeedback. In intensive sessions, I will have traders mentally rehearse scenarios of losing money *while they keep their bodies under control*. Heart rate variability biofeedback has been especially helpful in this regard; the Freeze Framer program that I refer to in this post is now known as emWave and has worked well for me.

The key is to use the biofeedback as a training device to help yourself stay physically calm and collected, even as you visualize the anxiety provoking situations that would normally trigger secondary anxiety. By repeating these situations in your mind again and again until you sustain physical control, you literally train yourself to master your responses, eliminating secondary anxiety by building self-efficacy.

We cannot avoid feelings of nervousness, fear, and anxiety, especially in situations that involve performance under conditions of risk and uncertainty. We can, however, avoid become nervous about our nervousness and fearful of our fear. We will always have emotions while trading; we don't have to be controlled by them.
.
Posted by Brett Steenbarger, Ph.D. at 3:44 AM

[AntónioManuel]

...I knew I was on the wrong path when I found myself chatting online with people about markets...

Curiosamente, cheguei a uma conclusão semelhante:
I knew I was on the wrong path when I found myself chatting online with some people about markets.

Estou 100% de acordo com a tua alteração na frase.

[O Estóico Ocioso]

.

[AntónioManuel]

The 10 Bad Habits of Unprofitable Traders
Autor Steve Burns

They trade too much. A major edge small traders have over institutions is that we can pick our trades carefully and only trade the best trends and entries. The less I trade the more money I make because being picky is an edge, over trading is a sure path to losses.

Unprofitable traders tend to be trend fighters always wanting to try to call tops and bottoms, while they eventually will be right there account will likely be too small by then to really profit from the actual reversal. The money is made swimming with the flow of the river not paddling up stream the whole time.

Taking small profits quickly and letting losing trades run in the hopes of a bounce back is a sure path to failure. The whole thing that makes traders profitable is their risk/reward ratio, big wins and small losses. Being quick to take profits but allowing losses to grow is a sure way to eventually blow up your trading account.

Wanting to be right more than wanting to make money will be VERY expensive because the trader won’t want to take losses and he definitely will not want to reverse his position and get on the right side of the market because in his mind that is a failure, in a profitable trader’s mind that is a success if they start making money.

Unprofitable traders trade too big and risk too much to make too little. The biggest key to profitability is to not to have BIG LOSSES. Your wins can be as big as you like but the downside has to be limited.

Unprofitable traders watch CNBC for trading ideas. Just stop it.

Unprofitable traders want stock picks while profitable traders want to develop trading plans and systems.

Unprofitable traders think trading is about being right. Profitable traders know it is about admitting you are wrong quickly but when you are right staying right for as long as possible.

Unprofitable traders don’t do their homework becasue they think there is some easy route to trading success.

Unprofitable traders #1 question is how much can they make if they are right, the profitable traders #1 concern is how much they can lose if wrong.

[AntónioManuel]

Making Trading Serve Your Life and Not the Reverse

Josh Brown asks some pointed questions about the time we have left and how we want to use it. Building on Josh's post, Abnormal Returns raises an important point: our trading and investment returns are meant to be funding the things important to our lives. They should not stand in the way of our life's fulfillment. I was struck by Charles Kirk's recent decision to step back from day to day trading, move to the location of his dreams, and devote more time to his mentorship of traders. Years of sitting, staring at screens, and clicking the mouse had taken a toll on his health. His decision was to make his market-related activities serve his life and not the reverse.

Check out this very well-done video on the one thing you can do to improve your life and health. I'll give a hint: it doesn't involve sitting in front of a screen all day. To be sure, trading can be challenging and it can be personally and financially rewarding. The question worth asking is, "What would you be doing if you weren't trading actively?" After all, that's the opportunity cost of an active trading career. Do the rewards you receive from your trading justify that opportunity cost?

Many years ago, I stepped down from a full-time position as a psychologist to pursue full-time trading. I enjoyed the challenge and made reasonable money from it. But after a short while, I could not sustain the trading as a full-time endeavor. I desperately missed my interactions with people and my work as a psychologist. I knew I was on the wrong path when I found myself chatting online with people about markets--and missing trades as a result! Quite simply, the opportunity cost of ongoing market involvement was too high for me.

I think Josh is right: We should start with the assumption that we have, say, 10 years left to live. Given that constraint, how do we want to be spending our time? How much of that time do would we want to be spending on markets? Who would we want to spend that time with? What would we want to accomplish? Experience?

It's great to climb the ladder of success. We just need to make sure that ladder is propped against the right building.

Further Reading: What It Means to be Free
.
Posted by Brett Steenbarger, Ph.D. at 2:31 AM

[AntónioManuel]

Cultivating Self-Control by Enhancing Working Memory

Recent research suggests that working memory--the amount of information that we can hold in our minds at one time--is more limited than previously thought, perhaps only four items. Working memory is a chief component of intelligence and is critically important to problem-solving and learning. Evidence suggests that we can train ourselves for improvements in working memory--an approach that has been effective in helping children with attention deficits. Fascinating research in Japan has found that children can improve their working memories and that such improvement correlates positively with higher IQ scores. This enhancement of working memory through training appears to be the basis for improvements students have been observed to make in their fluid intelligence.

Traders are known to complain that they formulate sound and detailed trading plans and then fail to follow through on those plans once markets are moving. Typically, this problem is attributed to emotional interference and/or a lack of discipline. It is quite possible, however, that the problem of following trading plans is simply a function of a trader's limitations of working memory. It may be asking too much to keep in mind detailed plans, plus keep in mind what is happening in the market now--not to mention what could be happening in the news, in correlated markets, and in other stocks/instruments. Similarly, failures of working memory could lead traders to forget their rules when they are completely focused on markets, leading to overtrading and/or poor trade execution.

If this is the case, then enhancement of working memory should be very valuable to traders who have had difficulty following through on their best intentions. Cognitive training through brain strengthening games could be one way of enhancing working memory. Another way could be through the creation of effective memory aids, such as writing down key plans and keeping them in front of us for easy reference. Still another way of enhancing working memory is by working within a team. While plans or rules may slip by a single person trading in isolation, they are less likely to go unheeded with extra sets of eyes on the trading.

The broader point of this post and the one previous is that traditional trading psychology might overplay the role of emotion in trading difficulties and underestimate cognitive skills and limitations. It may well be that strengthening ourselves cognitively could be the best thing we could do for mastering the emotions of trading.

Posted by Brett Steenbarger, Ph.D. at 2:53 AM