Characteristics of a Successful Trader

<i>"Being humble and no joke, I doubt it. I've made more than "most" of the guys in ET. But do we really have to get into a bragging session? I really don't think so."</i>

Well son, I really do. It's ok to be young & stupid, we've all been thru that part of the calendar before you. Most of us here would appreciate hearing what the OP has to share without your verbal vomit littering this thread.

Two choices for ya, kiddo. Post your live trade results from today, or post a blotter from your very best day this year. Walk your talk.

If memory serves me right, EricP made a frog hair less than $1mil intraday for his personal record a few months ago. I scratched together two frog hairs less than $4k today. Do that 250 days a year, and it adds up in the end.

Your turn, beat whichever one you prefer. ET's collective eyes are listening to ya.
 

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Quote from austinp:

<i>"Being humble and no joke, I doubt it. I've made more than "most" of the guys in ET. But do we really have to get into a bragging session? I really don't think so."</i>

Well son, I really do. It's ok to be young & stupid, we've all been thru that part of the calendar before you. Most of us here would appreciate hearing what the OP has to share without your verbal vomit littering this thread.

Two choices for ya, kiddo. Post your live trade results from today, or post a blotter from your very best day this year. Walk your talk.

If memory serves me right, EricP made a frog hair less than $1mil intraday for his personal record a few months ago. I scratched together two frog hairs less than $4k today. Do that 250 days a year, and it adds up in the end.

Your turn, beat whichever one you prefer. ET's collective eyes are listening to ya.
More...

LOL. I knew it would end up like this... I actually PMed EricP about this.

Interestingly, when things go against the "EricP" family. He throws the final card, "Post your trade like EricP". Pushing weight, eh? Well... there are a few people who posts in ET that makes a lot more than Eric. Sorry but that won't work for some people.

Before this goes any further... anyone care to, actually, BE what EricP has praised and be analytical, skeptical, humble, emotionless, and etc. etc.

Irony is a funny thing.
 
Quote from austinp:

<i>"Being humble and no joke, I doubt it. I've made more than "most" of the guys in ET. But do we really have to get into a bragging session? I really don't think so."</i>

Well son, I really do. It's ok to be young & stupid, we've all been thru that part of the calendar before you. Most of us here would appreciate hearing what the OP has to share without your verbal vomit littering this thread.

Two choices for ya, kiddo. Post your live trade results from today, or post a blotter from your very best day this year. Walk your talk.

If memory serves me right, EricP made a frog hair less than $1mil intraday for his personal record a few months ago. I scratched together two frog hairs less than $4k today. Do that 250 days a year, and it adds up in the end.

Your turn, beat whichever one you prefer. ET's collective eyes are listening to ya.
More...
While you're at it, do you mind clicking on the "Trades" tab and share the actual trades made throughout the day? By no means am I minimizing the importance of trading psychology, but I personally learn better by analyzing other's trades.
 
<i>"While you're at it, do you mind clicking on the "Trades" tab and share the actual trades made throughout the day?"</i>

If you were asking that of me, my post was a shut-up offer. I was pretty sure the alias it was addressed to didn't have anything to retort besides more blustery rhetoric. Kids these days, I'll tell ya.

There may very well be posters who make more than EricP here in ET, but the heckler sure as hell ain't one of them.
 
Quote from austinp:

<i>"While you're at it, do you mind clicking on the "Trades" tab and share the actual trades made throughout the day?"</i>

If you were asking that of me, my post was a shut-up offer. I was pretty sure the alias it was addressed to didn't have anything to retort besides more blustery rhetoric. Kids these days, I'll tell ya.

There may very well be posters who make more than EricP here in ET, but the heckler sure as hell ain't one of them.
More...

Wow... all the word calling.

You're the same heckler as me. Welcome to the club.

LOL
 
Quote from TSGannGalt:

Wow... all the word calling.

anyone care to, actually, BE what EricP has praised and be analytical, skeptical, humble, emotionless
LOL
More...

Grow up.

No clue as to what your age is but it's doubtful you're an adult. And if so, certainly not a mature one.

If you have nothing of relevance for the thread, which to date, has been the case then why not either (1) read it and try to learn something (2) ignore the thread since you seem to think you have all the answers.

PS Woods, Jordan and most any successful professional athlete uses psychologists. As a scratch golfer I can say that there are a LOT of similarities between trading and golf.

Do you see Tiger out of control? No, he's focused, he's executing his game plan, shot by shot just as a trader executes his plan trade by trade. And if he makes a birdie or eagle he shows emotion with a fist pump. Which is very similar to a trader pumped after a successful trade. And once that's history then it's on to the next trade for a trader or the next hole for a golfer. Emotions have no real place in either golf or trading, assuming your goal is success.

And Tiger is very analytical and methodical just as many traders are. It's clear you don't have any real understanding of this facet of professional sports. He and Stevie (his caddie) analyze each and every shot more ways than you can imagine, from the yardage to the wind conditions to altitude adjustments.

And being humble is applicable in both professions. For in golf you know your "profits" can be erased in a minute if you lose your focus. Three birdies in a row goes up in smoke if you get emotional after a drive that ends up OB, get PO'ed and make a triple bogey.

More successful golfers emulate Tiger and his approach than an out of control emotional John Daly type golfer. And I can tell you from my years in a trading office that the emotional types more often blew out accounts than those who knew when to cut their losses short (just as a golfer at times "accepts" a bogey when he could have made a double or worse). And those who were not the least bit analytical, who entered trades almost at random also had low rates of surviving.
 
Quote from DHOHHI:

Grow up.

No clue as to what your age is but it's doubtful you're an adult. And if so, certainly not a mature one.

If you have nothing of relevance for the thread, which to date, has been the case then why not either (1) read it and try to learn something (2) ignore the thread since you seem to think you have all the answers.

PS Woods, Jordan and most any successful professional athlete uses psychologists. As a scratch golfer I can say that there are a LOT of similarities between trading and golf.

Do you see Tiger out of control? No, he's focused, he's executing his game plan, shot by shot just as a trader executes his plan trade by trade. And if he makes a birdie or eagle he shows emotion with a fist pump. Which is very similar to a trader pumped after a successful trade. And once that's history then it's on to the next trade for a trader or the next hole for a golfer. Emotions have no real place in either golf or trading, assuming your goal is success.

And Tiger is very analytical and methodical just as many traders are. It's clear you don't have any real understanding of this facet of professional sports. He and Stevie (his caddie) analyze each and every shot more ways than you can imagine, from the yardage to the wind conditions to altitude adjustments.

And being humble is applicable in both professions. For in golf you know your "profits" can be erased in a minute if you lose your focus. Three birdies in a row goes up in smoke if you get emotional after a drive that ends up OB, get PO'ed and make a triple bogey.

More successful golfers emulate Tiger and his approach than an out of control emotional John Daly type golfer. And I can tell you from my years in a trading office that the emotional types more often blew out accounts than those who knew when to cut their losses short (just as a golfer at times "accepts" a bogey when he could have made a double or worse). And those who were not the least bit analytical, who entered trades almost at random also had low rates of surviving.
More...

Hrmm... seemingly you agree with what I've mentioned.

Do you really think he gets all melancholic like EricP? Or do you think he's focused towards his gameplan and executing a shot?

You see a profit opportunity and you execute. Finding profit opportunity requires skills and experience. Skills and experience comes from working hard. Successful traders don't go around hypnotizing themselves while trading with all the BS. They trade their skills.

Is focus a psycho-babble shit? Then so be it... though I've written about something relative to this a few posts back. Before you start writing a counter-thesis, please read back. SERIOUSLY. Unless you're a retarded mofo with a short term memory span.

PS. I'm not a know-it-all. The difference is I actually read the material people write about and write a reply (wording things immaturely). Most people, just take it personal and lose focus. Seriously... take some time reading back this thread. It's interesting.

Shows their true nature and how ironic things are.
 
Quote from EricP:

Most successful traders I know are tightwads with their money. While this is not a criteria for being successful, I think this is a characteristic that helped <i>lead</i> to their success.
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This is coming from the President, Chairman and CEO of the tightwads club!

Anyway another very nice thread Eric. Your first thread "way back in the day" was one of the finest places on the net for a long time for a newbie to come and learn. I'm glad your sharing here.
 
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