Becoming a Successful Trader

volente_00 · Mar 8, 2011

The one defining characteristic of successful traders is their refusal to quit in the face of adversity

Notes123 · Mar 8, 2011

Quote from deaddog:

1 Nothing is impossible. Controlling emotions is what differentiates the winners from the losers.

2. 98% of the traders fail not the system.

3. Focus isnât the same as emotions, Focus is paying attention to what you see, emotions are the feelings you have that cause you to react the way you do to what you see.

1. don't repeat what your mother said to you when you were 2 years old and wanted to visit the Sun.

2. that's MY point, idiot.

3. define emotions and you will know you are clueless.

deaddog · Mar 8, 2011

Quote from Notes123:

1. don't repeat what your mother said to you when you were 2 years old and wanted to visit the Sun.

2. that's MY point, idiot.

3. define emotions and you will know you are clueless.

Good trading

FrankSlaughtery · Mar 9, 2011

Quote from volente_00:

The one defining characteristic of successful traders is their refusal to quit in the face of adversity

+1^infinity

The Oracle · Mar 9, 2011

Quote from LetItRide:

What is the single most important characteristic thatÃ¯Â¿Â½ll determine if youÃ¯Â¿Â½ll make it as a trader?

not an easy question but a very good one. the single most important characteristic that will determine if you make it as a trader is your ability to make money and be able to hold on to it. any trader can make money on an individual trade but very few traders can keep the money they make.

it may be better to ask yourself what do i first need to do to make money trading and then what do i need to do next to make sure i keep the money i make?

wrbtrader · Mar 13, 2011

Quote from LetItRide:

What is the single most important characteristic thatâll determine if youâll make it as a trader?

Discipline

Mark

aja trade · Mar 15, 2011

Refraining from pouting when you make a bad trade. Learn from it and look for your next trade.

Handle123 · Mar 15, 2011

Quote from LetItRide:

What is the single most important characteristic thatâll determine if youâll make it as a trader?

Whether you have patience to wait for all your rules to line up for an entry. Taking 1-2 marginal trades per day often takes a great day to a losing day.

hippie · Mar 20, 2011

Quote from volente_00:

The one defining characteristic of successful traders is their refusal to quit in the face of adversity

I know one trader who refused to quit in the face of adversity. He had over a quarter million after he fixed up and sold a house he inherited. Now he is living on food stamps sleeping in a van.

He is not able to find work in his 50's. Fortunately, he found Jesus.

efficiency · Mar 21, 2011

Quote from LetItRide:

What is the single most important characteristic thatâll determine if youâll make it as a trader?

Postion size. Having enough to matter but not enough to get hurt. Envision to overlapping spheres and a sweet spot.

From there it's management. Entries pale to exits. Exits is where you make your money. And........they are taxable events.