mrsage:
Just heard that the expected Q2 result for Gtbank may not be as good as we expect. That's the reason for the delay. Keep your ears to the ground.

As for first bank. Don't expect anything impressive until 2017/18.

Buy for long term

I don't think so sir. Just my opinion

All of una wise abi?
Everybody log off run comot,
come leave only Zendi sidon for parlour here dey look pricelist,
make e be say na me carry market for head abi?
But I know say every single one of una still hang around dey peep
wether any new gist or info don enter house.

Ah.... manie has logged on.
Manie happy week ahead.

zendi:
All of una wise abi?
Everybody log off run comot come leave only Zendi sidon for parlour here dey look pricelist, make e be say na me carry market for head abi?
But I know say every single one of una still hang around dey peep wether any new gist or info don enter house.

guy, i dey with you jare... the peroid when we suppose dey brain storm pass, the house empty die,

people don go enjoy there loot , na becuae i never get loot, make UBA enter 5.00,

k

The share I want to buy this week is Pokemon Go.
Anybody know how I can do that from Nigeria?

Trading Psychology and Emotions
Posted on December 27, 2015
Trading Psychology and emotions play the biggest role in your daily trading. Let me elaborate on this more in this article.

Dr. Van Tharp, a leading psychologist, is very well known for breaking down the trading process into three categories that affect traders. He categorises them by importance as follows:

Trading strategy (10%)
Money management (30%)
Psychology (60%)
The fact that trading strategy is the least important factor in Dr. Van Tharp’s trading process above, this suggests that regardless of how successful your trading strategy is, your psychology is the key to being successful in trading.

In one of my previous articles we looked at Fear of Missing Out (FOMO) and how it can affect your trading. Fear & Greed are the two emotions that have a negative impact on your trading journey. Experienced traders know that the greed makes you to try to take too much profit (when it is not there) and you end up with less profit or loss. Similarly, fear causes you to cut your positions quickly in loss or less profit where you could make much more.

Another important psychological factor is the ‘Ego’. We all have an Ego. We all want to be right. A trader highly influenced by his own ego will never admit that he/she is wrong. This means that, he will never be able to learn from his/her mistakes as he is unable to see those mistakes in the first place. This will ultimately result on more losses and get him/her out of the game all together.

Another aspect of emotional trading can be summarised as ‘revenge trading’. In revenge trading, the focus of the trading shifts from finding the best trading setups (according to trader’s own strategy) to fastest way of recouping losses. The trader focuses on winning the losses back (very similar to a loser gambler attitude) and ends up losing more money.

The final aspect of emotional trading is over trading. This mainly happens after big wins and the trader greed kicks in for more profits. The whole situation ends up with losing the previous gains or accumulating big losses in the process. This is a Greed based human behaviour that can be seen in experienced and inexperienced traders. Difficult to control but not impossible.

So how can we cope with our own Psychology and Emotions? You heard the trading term: “be like a robot” that comes to mind. Easier said than done! The trading algos are much more profitable than humans (when they are using a profitable strategy) for one reason only, they cut out the emotion from the equation!

As a human trader, your only weapon is discipline. You might know about what to do but applying discipline to your trading will require time and experience. As good old Warren Buffet says: “You can’t make a baby in a month by getting 9 women pregnant”.

My personal advice is as follows:

The start point should be working on your ego. When you are wrong, admit that you are wrong. This will be difficult at first, but in time you will see the benefits of doing so. You will be able to see your mistakes. What went right and what went wrong with that particular trade.
Have a trading diary. We are humans, we forget! My suggestion to especially new traders is having an excel sheet and note down every single REAL trade that they have done (not interested in paper trades as they do not reflect the emotion of losing real money). Make sure to have a separate column for your notes, note down everything why you entered in that trade, why you exit? did you follow your initial plan (this is very important), if not why not? Take as much notes as possible so you can go back and see what happened to your trade. What went well and what went wrong. The pattern will start to emerge when you have at least 100 or more trades, you will be able to see the bigger picture. I Cannot stress this enough, HAVE A TRADING DIARY (even if you are an experienced trader).
Be DISCIPLINED! Once you have a working strategy, follow it to the letter! It is not always easy to do so, but you will get better in time if you apply discipline. Also make sure to have some trading goals (my article on setting goals can be found here)
Set your expectation accordingly! Trading is not easy, do not expect easy money. Know that you will have to work for your money. A lot of hard work needed to be a successful trader.
Find out what works for you. Be honest with yourself. If you are overtrading, what is the best thing to do? Some people can control themselves in front of the PC, some simply cannot. After a successful trading session, I often take a coffee break to clean up my mind and more importantly my emotions. If it is a particularly good trading day, I go for a drive in my car. Whatever works for you. Perhaps go dip in the water, have a coffe, drive, call a friend, etc.
Enjoy what you do! Yes, trading is hard work but there is nothing more satisfying then knowing your strategy works, you were disciplined and executed that trade according to the plan (or avoided that big loss successfully).
I hope it helps. Have a great weekend.

MT

kentoto:


guy, i dey with you jare... the peroid when we suppose dey brain storm pass, the house empty die,

people don go enjoy there loot , na becuae i never get loot, make UBA enter 5.00,

k

The house don dey fill up.
When i started typing i was alone.
Manie came in and bolted again
Happy Sunday guys, and lucky week ahead.

zendi:

The house don dey fill up.
When i started typing i was alone.
Manie came in and bolted again
Happy Sunday guys, and lucky week ahead.

My Oga

NSE don scatter pple's skill

I've lost over 250k in diamond just in a twinkle of an eye. Dnt allow urself to be pushed by mere sentiment to thank me later .

@betcindy Sorry dear, Am in same position as you..FBNH.But my reason for buying was for long term .
But i think Diamond bank is a Good buy at 1.59 .

Like wise me..... Seriously angry wit myself.... Thot i was making a gud decision.

betcindy:
I've lost over 250k in diamond just in a twinkle of an eye. Dnt allow urself to be pushed by mere sentiment to thank me later .

Mfunkynation:
Like wise me..... Seriously angry wit myself.... Thot i was making a gud decision.

Chai! same here noni

I understand that there may be some political factors coming up against the bank.

I bought it with a two year horizon in mind but fear don begin catch me... If only i had sold at my first stop-loss trigger

Fasten your seatbelts!

We should expect some rally in NSE after MPC meeting and for dollar speculators it's time to lock in your profits and wait for the next pull back.

*ThE OcToPuS*

PETERiCHY:
Fasten your seatbelts!

We should expect some rally in NSE after MPC meeting and for dollar speculators it's time to lock in your profits and wait for the next pull back.

*ThE OcToPuS*

wonders shall never cease oo..abi, dem don hack dis acct ni? Expect some rally ke! From Sir peter..issokay..

Is this the CHANGE or CHAIN of Peter

PETERiCHY:
Fasten your seatbelts!

We should expect some rally in NSE after MPC meeting and for dollar speculators it's time to lock in your profits and wait for the next pull back.

*ThE OcToPuS*

PETER

Oga PeterRich ?? pls identify urself. Ur account has been hacked...positive news is not ur ....

betcindy:
I've lost over 250k in diamond just in a twinkle of an eye. Dnt allow urself to be pushed by mere sentiment to thank me later .

You think that low tide is a depletion of the ocean?
The bear is only a low tide in market sentiment.
You've not lost, you're only trapped.
When the tide comes again, you'll be freed.

PETERiCHY:
Fasten your seatbelts!

We should expect some rally in NSE after MPC meeting and for dollar speculators it's time to lock in your profits and wait for the next pull back.

*ThE OcToPuS*

THIS IS A LITTLE BIT STRANGE FROM PETERICHY, THIS MEANS THAT BETTER THINGS ARE COMING THE WAY OF NSE.

Good morning this morning.

Am more than excited oooo.
I logged on I trade to sell my Skye this morning, only to see DT my trade went through on Friday.



Praise the lord..........am 100% liquid again ooo.

mercylicious:
Good morning this morning.

Am more than excited oooo.
I logged on I trade to sell my Skye this morning, only to see DT my trade went through on Friday.



Praise the lord..........am 100% liquid again ooo.

it is the fulfilment of your dream......enjoy your loot.

mercylicious:
Good morning this morning.

Am more than excited oooo.
I logged on I trade to sell my Skye this morning, only to see DT my trade went through on Friday.



Praise the lord..........am 100% liquid again ooo.

congratz.... mine didnt go thru....

TIGERBRANDS now listed as DANGFLOUR.

Thunderlicious:
TIGERBRANDS now listed as DANGFLOUR.

Thanks for the observation

Thunderlicious:
TIGERBRANDS now listed as DANGFLOUR.

But it still listed as TIGERBRANDS from my stockbrokers

mercylicious:
Good morning this morning.
Am more than excited oooo.
I logged on I trade to sell my Skye this morning, only to see DT my trade went through on Friday.
Praise the lord..........am 100% liquid again ooo.

Congratulations. waiting for the next entry. I expect a rebound very very soon.

OBAGADAFFI:

But it still listed as TIGERBRANDS from my stockbrokers

Morgan Capital has changed theirs.

Thunderlicious:


Morgan Capital has changed theirs.

the have not change mine

Thunderlicious:


Morgan Capital has changed theirs.

But still seeing TIGERBRANDS from my broker

https://leadtraderng.com/index.php?page=guest.SecurityOverview


And why are we not informed about this changes. This is corruption.