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Ability to read to the tendency of a stream of warrants has come to me in due course as result of practical experience. I was on a floor during it years - at first as the broker, and then as it that

TRADING - MT I THE LIFE 31 Stream of orders and difference between moods on increase and on fall of a steel for me transparent. Similarly graphic trading models become obvious when you constantly look at the screen and see levels of accumulation of the price at which activity of purchases or sales increases. To the same signs and computer trading systems distinguish price models of behaviour, levels of supports and resistance, the moments when the trend breaks or there is a recoil. It comes with practical experience and careful studying. If you give it a proper attention, the market becomes your teacher.

There is a trading element, difficult for the understanding, in any way not described and not the explainable. It that I name "incomprehensible". It is possible to name simply it the sixth sense. Whatever name was used for this element, it means instinctive knowledge where is going to to move the market. There are days when, observing a chain of the minimum changes of the price on the screen or standing in a hole, see that more and more sellers enter into the market, similarly late to vessel departure. The moment when as if the overloaded boat, the market will sink, sometimes very quickly also will come. In other case you will notice that the market accumulates an impulse, being compressed, as the spring, yet does not become so hardly twirled that will sharply be straightened upwards. This instinct develops in due course and it in the course of practical activities.

Trading the unique trade not similar to any another and to be the trader S&P the best in the trade world. The closest analogy of trading is, probably, professional sports. Both in trading, and in sports there are superstars and the long-livers surpassing all others; there are the people promising who with a roar break or burn down; there are the guys never reaching of tops, but achieving that enjoy good achievements for long career. But throughout career traders, as well as sportsmen, endure emotional liftings and recessions. In days of victories, having earned money in a hole, you feel magnificent sensations; when money is lost, you feel not too perfectly well. And then you have some losses successively...

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