WHY BULL CANDLE & BEAR CANDLE ?

If you want to buy a contract of Swiss Francs, someone has to sell it to you. If you want to sell short a contract of the S&P 500, someone has to buy it from you. The number of stocks bought and sold is equal in the stock market.

Furthermore, the number of long and short positions in the futures markets is always equal. Prices move up or down because of changes in the
intensity of greed and fear among buyers or sellers. When the trend is up, bulls feel optimistic and do.

Douglas warns, "If the market's behavior seems mysterious to you, it's because your own behavior is mysterious and unmanageable. You can't really determine what the market is likely to do next when you don't even know what you'll do next." 

Ultimately, "the one thing you can control is
yourself. As a trader, you have the power either to give yourself money or to give your money to other traders." 

He adds, 

"The traders who can make money consistently . . . approach trading from the perspective of a mental
discipline."
Each trader.

When you trade, you compete against the sharpest minds in the world.

The field on which you compete has been slanted to ensure your failure. 

If you allow your emotions to interfere with your trading, the battle is over.

Good psychiatry and good trading have one important principle in common. Both focus on reality, on seeing the world the way it is. To live a healthy life, you have to live with your eyes open. To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time or energy on regrets and wishful

thinking.