subject: Your Technical Analysis Course On How Losers Think Part 1 [print this page] Today we will have a closer look at how losers think in this technical analysis course series.
A famous poet named Tagore had the following to say, "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 is as if there is a conspiracy to develop and sustain in individuals an attitude or way of thinking that is "can't do". 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 contains unpleasant thoughts and misery .... which is what a loser is made up of anyway.
Losers out there love misery - that's what makes them happy . Think of it !
A self defeatist is what the losing trader is. He functions best when he is under stress and strain , and losing money makes him feel at home . When a loser strikes gold in the market, he falls apart ... he is not used to it . Success is something he doesn't know how to enjoy . His thoughts have always been built on struggling and losing . He wins, - he goes berserk - he becomes an expert - then ends up developing what one top futures trader (Larry Williams) called "the King Kong feeling". He quickly loses control, and then the profits disappear, and he goes back to the struggling and the misery - something he's used to, - like lemmings going out to the ocean, and while he may not admit it, the struggle is what he loves he loves the struggle to win although he won't admit it. His mind cannot cope with the winning itself . Struggle is what he copes with . It's incredible, isn't it? Especially if you take a look at it through a technical analysis course.
He links an immature posture . It's easy to see why he is made a fool of by the cordial politician that says "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".
An desire to win that's overwhelming is what the loser has. They tell themselves that winning can happen , and keep coming back determined to 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 enters a trance state. - mind hypnotism . 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 . Basically his mind tells him "This can't be happening to you". He is unaware of where he is. He turns into someone else .
[It is always a happy event to see a loser win , but it becomes sad when you see them in a trance state, and you know that given time they will lose again - they'll lose so much that they'll be back at the place they started out.]
Sometimes when a profit does accrue , the loser's mind will be so happy with the profit , that prematurely they will reach out and grab it. If there is a loss occurring, his mind says it's all going to work out and they continue to hang on. He allows losses to run and cuts short the profits .
Shorting the market is difficult for a budding trader. To his way of thinking, the sky is the limit and there is no price ceiling. If he buys against base zero, he will definitely grow, since to him life is all about upward movement and growth .
Next time we'll look further at loser thinking patterns in the next article in our technical analysis course series.
