Part 1 How Do Losers Think - Technical Analysis Course

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 . The trap of rejection and self denunciation catches them 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 an attitude of "can't do" in people . Nearly all society continues this conditioning through commercials, pressure from friends and family, and music . Newspapers just can't be sold, newscasts aren't considered interesting unless it contains unpleasant thoughts and misery .... that which the loser is made of .

Misery is loved by losers - that's what makes them happy . Imagine that!

The losing trader is a self-defeatist . He does the best when stress and strain occur, and losing money makes him feel at home . The loser who strikes gold in the market, literally falls apart ... it's something he is unused to. He has never learned how success should be enjoyed. His thoughts have always been built on struggling and losing . He has a win, goes berserk, gets to be an expert - then ends up developing what one top futures trader (Larry Williams) called "the King Kong feeling". He loses self-control, and boom - his profits are gone , and he's back to the misery and struggling again, that which he is used to , - like lemmings to the 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 . Struggle is what he copes with . It's incredible, isn't it? Especially when you examine it through a technical analysis course.

He links an immature posture . It's no wonder that a friendly political candidate who assures him makes a fool of him "There's no need to worry about your life. We can take care of it. We actually know what is good for you better than you do".

A loser has a desire to win that is overwhelming . They persuade themselves they can win , and they come back again and again to try and save face. The degree of ineffectualness is already programmed into his/her psychological patterns . With success he becomes almost hypnotized by the events which then shower upon him . He then goes into a trance or hypnotized state . This and that gives him sinking feelings . The things he did right he can't wait to apply, 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 has no idea where he's at . He turns into someone else .

[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 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 loser's mind will be so happy with the profit , that it will grab it, but nearly always prematurely . If loss is happening , his mind says it's all going to work out and they continue to hang 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 will continue this discussion about how losers think in our next article in this technical analysis course series.

Part 1 How Do Losers Think - Technical Analysis Course

By: Charles Drummond

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