How to identify 2% club of succesful traders in ET?

I believe many 'want to be' traders focus entirely on the wrong things and are not open to working on what would make them successful. And that is ok. My experience of successful trading has nothing to do with systems, indicators, charts, or whatever. It is all imagination, low-risk ideas, and discipline.
 
rajesheck said:
The 2% club are humans like you and me. So they have human emotions like you and me. So they may feel like sharing their experiences like you and me. Why they may share or what they share or how much knowledge they share is upto them. Whether to share or not is upto them. You and me cannot dictate their decisions.

Your perspective sounds like 2% club are aliens.
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My post was intended as irony/joke.
 
traider said:
how do you determine your stop loss and how do you identify an early trend?
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I identify early trend based on two aspects:
1. Market opening OR trend reversal
2. Early support/resistance

Stop loss has to be proportionate to the potential profits. I recommend a liberal stop loss to avoid frequent hits. I would recommend 5% for stock trading and 15% for options trading. But first develop the skill of catching the trend early. Then you will see that my stop loss suggestions makes some sense.
 
jys78 said:
Why would you want to? It's not like you could replicate them anyway.
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I am introducing a concept, theory, a busines philosophy, art of trading. 98% of traders failing mainly because they jump into trading without have solid theory and a sound mindset.
 
Sekiyo said:
Why are you looking to indentify them in the first place ? To religiously follow what they preach ?

Fact is they likely write the same stuff than anyone else is sharing. That’s why you can’t make the difference.

Because Pros and Amateurs share the same thing. Expect for newbies.

Have you heard of the wallstreet fools and the different grade of suckers ?

Someone can appear very knowledgeable and still fail. Someone can be really successful and sounds like a retard.

Also … We never succeed nor fail until we quit trading. Plenty made millions then lost it all.

Anyway … Don’t take a trade unless it’s part of your process.
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There are a few aspects involved in trading...
1. Statistical analysis
2. Trading Psychology
3. Business Philosophy
4. Creative problem solving
5. Innovative thinking

Trading is simply a blend of art and science.
 
danielc1 said:
I believe many 'want to be' traders focus entirely on the wrong things and are not open to working on what would make them successful. And that is ok. My experience of successful trading has nothing to do with systems, indicators, charts, or whatever. It is all imagination, low-risk ideas, and discipline.
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You are an imaginative mind. You have the potential to master your trading skills as a blend of art and science. All the best.
 
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