Modute the Mental Game of Daytsacling, ¢reevous Neo ‘Three Bact to MODULE 3 + Knowing the ale The Gate ad Felling Thor Dayan icine Tipe © Main Points: + Sacoming sisipined rade’ ete biggos chalenge youl have to overcome frou ate to Ssucoged, You can lean ate tool and sraoglos, but youtack no dsclpne oer and ‘itrades mecharicaly based on he sends We teach alislost. + Wnato wo do eboutt? Paopo ate remertatly sow to change, end so Na takes more then ustoling peqpeo be dsepined its ello include sjstasype charges in our Tsdng enAronmento make disaplned racing more natal foryou, more automatic Forte folewretuars cuter, nad you nate be Spock, not Be Kincomen yeu spending money. be Spockto wert Scand Hott? + Uke any tusiness using and acting on medics (mecsuremets, te teat success ere, ‘knew nen to hed ane when ool, naw when Swe profs of table, knew when uta bss stnal andy agar, You can alays buy the stock agan us sca eerirens an fuyon stengh Nassar sad feelin ow o Get Starla in Elton Daytading took That *vope ares foncesto lp te Hadar now when Ta eter ad eu postions + ind net using Visual Reminders” cot was ebig hale forme to martin my scone sndfecs for tading rosin fr consist pres requires ou tobe businessile and Professional not ke a gambler wang imo a casino (ven bo gamblers have predetnad win raise lis he ol, nich more than most new waders Rave) + Dovel hese nPenepantor Nore, orton aucera tape them t the edges oF your smontors My petsonaliavenies ata “Tia tops - NO EXCEPTONS' “Cnmcal ts Your Success Sel at SMALL STOPS" “Bo Yeu uy or Sel stocks Toy? she NasdagyS8P Crean or Red" “igh Percentage Dayar fer Daly Profs is ques “Discaine => Success "Become Way alstDo + Also keep some of your trade records posted tothe walls, sthwimers end ass, 50 youicanss wat happened "by chancs ve "hat happens because ca system you Talloved: Make your esos count for sornebing, eam fem fle bsses and develop {ountemeasures wee posse to oid repesing th mistaken fw urs vei, you “cul develop ase of disciplined tracing skis that serves you wel based on previous vets and ones + Allgood agers wilalyou acepine so kato succes, esson wi share oor tps co how you tn develop to mindset ofa aslpinedtiader. There's a 900d vock ou yo samo is, Srwagors "a to Tectnica AnaySs" so Nas a supers chapter on 82 wading Mes 2 ‘ues’ book Look at thee resources fey can fp your racing + Seltng trade alerts is alco use have you software flag you when your stock has meta pot targa or a stop pont Ao using bm of day pare to your advartaga lhl fg knavang Tate market sual eden fem 1120-120 of cu 10.10 20nasdag bounce a) trom Frat: Define your ow personal specific althatepph‘so racer, kom baced’on my lasses nese fo won imarevng these cosets Due Diigence (00) Inesso doa bats eb of my ov stock research. ys rig on chateams Bock picking serices to pick my socks. need to amhow to pick igh parcertage stocks. ___Basle Technical Analysis (TA) Boing abo to coecty cently supportrsistarce kas ienaines __Atvaneed TA: Knowing how to intra and use RS stachaccs, MACD and sate indowes ___Entering Trades Enectively Buying Tops and Bottoms neato do a bate jo at nat igng Yale totter buying he igh ef Pe day fr ry aces. _Exling Trades EMectively Using Stop Losses. coat prodetormie sep 10s nts wth Mote ascot ard sip letng Sooke go no fr apamnstme __Exting Trades Enectively .Seling Too Soon inesdta cevelepdsciinedpeienceolet my ‘mers run S01 do nottake a al roc stead ot large prot ___Lesrnin from My Successes and Falures. Tho onjbad alu is one that’ repeated over ‘ad aver agar, {ise howto mprexe my tading based ani expenences reiingy Faang Spprooch ovo ime untlitboccmes mere systematic aeless emebonal and urease Inlackng atte tit, os ay! ctl check “alate above except for DD): is 2 career process ‘Second: Make a personal commitment to yourselfto change into ahighly disciplined, ecient ‘ager silat for 20% of yourbades‘Younesd to make decision to runthis ike abusiness fun hey ook my tle pin the long un ont tose of us wo take seriously resi doing itS years ltr Pisnontradng forthe nowt 5 Years preleby Wat do you need to do cterenty to run your personal "daytracing business” so thatitis ‘successful? fnybusiness, invokes har ner Lets of sek sus, practice peperadng aed ‘Smal-share(100-200]ades to getthe hang of mastoring you emaions tour itcosing you a ot yout wrong ‘Ada bie trading log (our to your Wook radnghatts, mehe tary ref anc oasyto fll, there ere numercus donnoadable powerpoint expe fogs in Modes | end 2 you can use to Sat Sit Look for pattere in your winning ve losing wedes, (ory rs clmnale bod tadiis [ahacers he ening eta go. fs ough i real bad hats semetimes. Disciptno: avoid most enatooms. BeH10 tbat "lottrager” cuttors hackers and peteesonal arkstmakars. Tako te tm Fearn to sexe conechy lease do net og inte chat rooms io alow ‘hoop irs bad lavepercentage vada. you rrustuse chatrooms, lem fam fe good dicebonal.onentedreams, they was That a good bade, what mere fe dears ‘ne used pe creams They pay cheep lider $20 tocks thon beware nobody says tings fhe ser’ are song oda te $S0xicup, thetic 14 dhe fick than bev thayr= saying’ =LOTis "unnng, eveyone janp on boatd ELOT to {tthe prose ALF irmectatey 0 yeu checkleto nose ome your oar year {you'see alctof new sheep. afer wohes, vty few ara sl tprator be bigtse beau ‘ney bet aller capal ang nen hayek 38 day cb lrg abut “ooo a secke ‘markets tough’ Dent get inunped. Avoid Bodhatrerra Tvs spentmany weeks Dott hee and sy chat coms, amazed tthe Ton acl cintormsticn ta sed aroun ‘tere Leam to near wna professional fare sures ke ‘eurTesdng Bistptno our ‘safeyfaoon' hat protects your capt Aspiring New Baytrader Promatket rmokere and Ripof high priced chat room ump ana dumpers who ‘wart your money cf Final, develop a Disipined Trading Persenal Action Pian: Lots oketmalang pian ta hep you develop tne ascipine you needa succeed. Gotouea 8 12 11 piece cfpaner ancistite lbw + Top 3reasons why ve lost money inthe market racing overall + Top Sthings ve done right conto oir tt a profit tt a ass. + Listof3 techniques 1am going to startusingto be more disciplined in my tosing (e3tapina reminders to mentors, puting ade confmanions on fe wal Keeping a ref Week¥ ade uma + One thing Lil dot reinforce or reward myself for following my trading rules and alecipt i buy yourself unc on cys tat you fllonsd "he res" + One thing | wil do to ‘punish’ myselffor ntbeing disciplined and breaking my rules Ty someting fn, lie "ake yourself et somehingyou don ke on cays you don aon the ros" Simple bit effective behavior modtis tha wart shape wader behanrto be more successModule the Menial Game of Dayivadiing avmvous nome = Back to “+ tmzing Lose ara Horo Tum the Come” oan + The bod news? ts nt easy Netting thats worh nig, ike rancid Independance, ever easy Tracing ‘tock fs tough tric You atta gat Tih youaveta vet: hatd att ean, sha, boon dene, by thousands of| ‘Sher man and vem shy natin fem? + The good neve? Ts paces designed to help youtake conia cf ‘our trading cutomes and should hap you eraty and take action cn peteenal dir areas or Irproverote Cort is fer2 + Ae youbredoftsing meney inthe mare? ft of amos! got 6? of pS realy missedit on atone ‘rn broka's gating ach ware te Fereiastpayatee process tohatpyouturn ne stop ang te Extome consistent pale tragic tema Frame ae pon Bu. 65 Farasheskicnsmentesy Saaoyow ose se 6 eral Euston Contr? (Semenwsd sar meester Reergandses ion {doz oryou tnalegealmodsl hats hops wal frahtenng Fade situations and help you start sweeping profits off the ‘develop amore experienced, relaxed, votorectiatle Profitable professional tracing style. “Traders “TURNAROUND WHEEL" """"" Stan eve Document Improve Experiment Practice Evaluate g XN EducateDocument Irewebinonn that youcant irene what you dort understand” To understand how rade ‘rote success, you need to begin by decumerting some of what you are doing ven thay ara very bet let pos, betn by keeping ack of each cf Mere + Decision entra yu ato eurrenty using to enter ost of your ress ts usualy & ‘embination of ings), teh afthaes ere he most meant ou ear pater ‘moment inde -or ka TS the pis fe stack, he me of day, curent raretcnbc Fentons. alse make ance yeu arstading on hunches’ sc ¥ techacals Decision eriteria cs aie eurrently using to exttis rade do you have ances ‘rargets yau fale fg arenacement a breaitivaugh goa) ramet nace, Money and isk management tis san syecets, co 9'povt iste on jou lash, month wath of races What sour average gain pt rade ac average loss pet {ade? tre make Hat ara, whatick? Even money? 8.1 wines? 13 woes? MO ‘Stevo tans endl oresmalilge have hay been? Yeuknon youre sipposed to ‘tte yeu stopsmaumutn sk before buying Sock, wha fe neo yoUTEI to sour eps? Experiment “he net steps to dear idorty which pats of yur trading you can experiment ath your ading"varebles) and dete aferertateratves for hese, You may nd for evamle, et YOU ‘better at sang racing bs year than mscabngidayracing Thats Youne=d ord our best persona ading tk". Aroyou a conboy? An analyst? What your ste? ‘The peirtsthet yeu sould mt petlocked ints one arcu racing she, acpacialy itis nat Dotter you. Ase, vou may d "ist ok ene pe tad Bue ch, ch Geer Beitoron sie Expenmentation ths kay lve yourself parmssicn tay cu naw nays ‘Tage url you set on 3 success personal tadng se Som commen ersasto cnsidsr e~psximentng wth nycurradng inc + Which stocks you trade: Nsscaai SE. nemets, Semis, Retr, Botect et 1 How many shares you ade at aime. your seers nace se 30D shaves? 1007 5007 10007 «+ ur average time in the rade zr vat ime of day youtypicaly bse cto 1 rourtraaing software, broker ane trading environment Thy ate Seo at vas ots 0 forexamale thet you picked ue aome bad habits m8 chet som ard ate using Ostek Io trave soosnare cts of umkystooks Ine ELOT. You've heen osing. EN ty sutehng fo beter socks using ovr rade ciena (Module 1), scale back (0200-000 she Wades, ry bavna stocks around 30.20 on days thal open down fookmg of SCOMPOASP, and use cyberor ‘otic and osgnal v2 a fea quai sevice Thal cial makas a aierance Try ou hats ‘valenia are you obese To mato your om fades and mula CNB Insead of owing & bunch of ogersin 2 chat om, Evaluate ‘This is tie easiest pan, | suppose. Evalue your daly Proft& Loss, measured in lar, ana punt ona graph. Use a proadeneet youre, petyeur dalyetnossnetting | id nat was hele aso make a herizantltadng actions checkist and place check matks near he auntat my vinsosses foreach ede an atremendush Pepto bows an exemple of what tio Ihe, ostmeke a amar ene and places on prec each ode youve made each eek What alee can you do to valet yourtrading success? Pat ofits hoop rack yout fomovons wive nthe vad. det you keep hope, oteed and tear donn wl cnxng and ‘ng in fogial,mecharcalprefessional maraer? This takes along mot get iat Educate ‘inualyevesbod who has lta eine has co read a fen dayrading books, Lt leak mother ways you can gat surcest wading edicaon + Observe a professional day wader inaction. hc isihe best va, sper some me ooking over he shoulor cro (ae dei srt ramen ath oo many ‘uestons). You maybe able to do isa ve dayradng brokerage, or feugh & traning prover NOTE: Bs cao of o-caled ‘ct camp et encourage toe ‘Sethe hacng anlhenseliyau a brcketsecourt as wel, hey ust art youte low ‘5 your acct, ging tam several usa forthe tering and several rasan ‘more mcomresions ot carmision cet fw. Thay chou each You rraney and ik Tanagoret using sal stares, sioner paced Wades as, otlevel 2 scang ‘Sdtiades a dey ve heatd plety of ovo soe, Check etorences orough. 60 Ghaancrewihs gosdtadcr and require the tainerrader to shew you his personal recent trade confirmations to prove he's good trader Learn from other traders: see youoan get "Dayvaiers of your tom" grup sarod a5 aa onan and Sap Sige wh cers Mo aoe + Seminars and workshops I" sue some ofthese ae atest anc mest ae nat CCheckreerences and anor te ema exéessfnact cers wneve evended, and realy check teal Dent vaste dys of your He and $2,000 cn semating fat sh ‘aing ih youl Careful check the content outine oe sri nd se is Justbasicmietmaton youve aoady battod ori toy can teach you advil 2 trading str quee and cha peters, le Hoye mush e sparen char pater, ‘ekmanagemoat and level 2? ve. te Dale o what's an vido aw da You Bu Souk pes of opiesyou can nd ener® Many traders make for poor trainers; they have no facitationflatorm skis an thus do alot of one-way lecturing vs. neractve etivies, hit fe aners sie ask how much time is spent in hands-on interactive learning? vs listening to alecture. Fl they dle Tecio, ask io buy tr eudlonAdoctapervock metvadt+ Spend atleast 10-15 hoursiweek on your various learning activites incluing yur time 2£DTU). Youre atempbing to leam avery comples and cific subect Fexing the finrelal markets has mage some peogle wecby and maty people ess ‘seals azera.sum game Dore postions go ee far agaist you istineto go bby hunch books, butwetching apo radar ie he best penance can el Practice ‘Closely rolteto "oxpenmeon, you need Io now yout various actos and uading Stes th se which one best ts you as arader Thee sno "cht vey or rong ay" {ade af org 98 jou mato money carson, + Donety outtoo many ideas at noe, yu nsec isla snd optimize each part of ‘yourasing tn develop he best combination possible Try anew sofware packageProkerforonewesk,rybading a ror tock the nad ook, fc protice url you ssseréke a suecesal raging syle. Testi Prachang with paper tacieg sok; but encourage yuo Wace ne 36 on 36 ‘youtealcomtertabo, bscauso te meet ari of dayradn is irpossile to ‘ager url our moter ison hele, Boudes, sipnage in toal rages (egtade elas, comeue problems ee) nas be ayperenced 2: el. ust slate soe, ‘onto sbeut commission beak evens to mich, lst co 2-4 Pedes a day mse fn 100-200 shafos ower priced stock wh 8% siopsto tt cul your ideas © rinimze isk "Caples harder bo aeptace than ees ar "(my que). Improve kay, were a the last step in the whe: improvement i's a neverending ciclo atleaetit doosit end un you euro woalty fom your stock gan, whichyu should piano do now) GGoback over each stop ofthe heel ard ask youset what am lleaing ou” what else do need to wokeon ‘got vacing ages up? Imerovemertis measured ty your abito amy cut success des, n doles ts yourPL athe end ot No day, nobody elses Do nctmake dumb radng mistakos and gue meney tothe chor guy Hel ist go taybeer wn ifr someting) How, specifically, does one implement trading improvements? Stat withthe process measures that wwe naked atabovs(tumberaftades, me infietade, average PAL par rade ete), Mentookfor Ineremental improvement, ine-tuning” your acing sis unl you atv ate esi combination. takes heck of alcef persistance ander unwavoing dase ard personal expectation to succeed had no fount coud suceoed atts, fs usta mater a bm. Te ess time takes he bor Motwvating Yourself o Trade Successfully Do somsthing worttfile with your gas, Io help your family. denete a bilo chan. whatover takes fo giv yeu a estan beyond te spied. Voll fd That wien yeaa ona "mesic fr mance can mak goat hinge happen ary of us naed mate an lustine doles to matvate us los cut and buy Hoty sh, take ie fect or aice dinar ec as. Faminder te mca: to ry In dong al ve Find your om mots Make thapet,Modate ‘Three ‘The Menial Game of Dayisacling: revous nem ack to MODULE 3 + Golortng Vcr: Tong Rewards ad te Dayoan tse © Main Points: Pat asus pare ne ond (Seng and shal nnd en king ster hat mm, tes he Sl cinteaty pti cs ara Bi te Sock yur on dng oe enn ct ptr a Scar a yy aaa {oth un eu 3 an tras youd ‘aeat of arnighon ade by {alta emal owners ae en + How de you clare vin? ye he are joudabeb aaeh io aa fs ed peti aman esse ae Thales ak outhneh sone ‘Hatyu ae sone Alas tic ih fo ha evan fat Dean Rant What Motivates you To Trade? Personal (Inside) Motivators: ‘These ogee your Posmve + Your sense of satisfaction tam enunng rade correct + You ae net sing ones, reserangyour capi + Nourentiodovecp me wading sis ‘oan pret. + Youre metiatod by leering naw trading srateges and sials External Motivators: Money: Lots nice tana pots ‘non page tne, ODE nica ‘Rateret cart ave UUporace cameter naar ew cloties| 1 flor beter astauarts, Ne more ‘Beet ood 6 + Praca om fami, {Independence tom nang to wore forsomoone ees to gt 9 paycheckfor doing what hey tllyou too NEGATIVE: «+ Geagaptic fesbiiy, beng able lve aypiace you choose, a ong as + Fear Hone. Greeo tho internet comecions 2008, 1 Sensethatyoureed te impress family» Abita provide beter oryour and ends wat home-nn wades, fami, aye tem nicer tinge, + Apptaronsion, wot, cones over personal ring sal, \whateiee motes yout tans Cater, somonsce? tof monvatas you to tats Deter, om noida? ke Aheagh hey may stn less rot ele perennials ten hth su a tos, yu oe a ‘etre com hl ts ei hs. ou ee tigon ip es, totke ne ott ve Jt msg yur stn nd erg shisha weal you Feige wcom nas an esce soe 28 The Daytrading Lifestyle ora tn ise ome goto tag ese Hw bl 1 cau yt yr msc ace. Oi ane eer tree ee ne eee tft reaching cso sap Heo Boy 9 fat - Stop the Losing: Learning to Trade 2nd - Getting to "Breakeven-trading" Srd - Taking Small Consistent Profits 4th - Trading in Size for Large Gains ‘you ct yee => Im noilionate dayrace laying with $200 00, Ihave a dent capital base luseto make avn trading, and wai, “The ey is gating truth ann curve ae prteaely a= psibl, wile tring woryhing you ca, corsa tanignotes and wating the make‘Do yourink nat tack pcling sts ad chatrooms ata usu? Te educatonal ones se, but ary arene. am Pow rade ndependorty of CNEC ad chatocms. Thay ‘ela a huge wast o me non wa ret arn, Do you stock steers ge ‘buoy bigeesyestr cam use vs quotracker cor tfolowa pra of 8 ew Innered stocks, wath for breakouts and nos ee. Living an independ ites is very important 0 me personaly thik tht ing in hhawai tube and spending more ume wih my tay sgfet- hope you can so ‘ehlove your goak and pets by becoming a poder Eye vay, nats yory important, oat in your mints eye the seltimage of you ‘acing stocks professional it an ooucains ayo You heat you bouste and Soldthe sock at he prces andtimes an share izesycu cid You vera locking for 2 magic bult or 29d stooxpIck to flew yeulearied howto recognize Pegs on your ‘mand because your corked hard, itlgt work you aad haw i becom 8 ‘posi tader ta stelepik iowa" 8 wader in Your Ow ight Please relze tits cut, keep sexing this because |oee aton cf underedicated fmatnir gamblers nthe chat roome ne love har money Aer the Aen sleerash he fee chatroom members copped by 30-405) Wow alot of gus wenfbroke nd ere no Ippingturgors or someting Dont lett happento yeu Lear howto rade praessional net to wyta make "chy" wads now andthen, Thats rubbish, and iti bg ran ylose, juste 95% ofthe people cha ge foLas ages Fsleary local they doit gemele. They have fo pay te ent. Vegas bsessrnen ct tua those mln lion daar resol cut of hn desert athe bute playground xt of Fe ubtestostmoney Mebaandtnenci certers ae bln pat om te xing. ‘srnings mace atthe sopenss of chers ar wal Is @ kapheg game Lon'to a gambler, Be anedicates ter, and make same real meney tere Your goal shoud be to male alhing at his cr at hastrake in corsisent profs, week tere Sire takes hard work fs itwath Yes, fyou nave dicaghne,reeigence fd pesisionce Ne, fyeutelny and want easy manay No such tg PERSONAL REWARDS FROM THE DAYTRADING LIFESTYLE: Finaly, went to ask outa takeout ploce ofpapor ena out 10 ings youwantto| ‘achieve 03 resitofyouroading tes. ese canbe nancial ornare Financia andhing tha makes al next er yu ‘net rewards would compel yauto putin all te enormous enoray and work itakes to Decora a professional tad? Wher oot your enbusiesm up arms of mings you ould do wih ta capi? Romorbst, fi extra capa swan $500, $300, $1100 ata time, very raroW do vader take hige gans contre is the smal consistent payats youre ater Voucan aly get that ath a consistent set of wade les Trace wall an prosper