Is intelligence important for trading?
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Is intelligence important for trading?
Yep, it sho nuff is!
Raw horsepower is a good thang. Now getting all that raw horsepower to hook-up to the street, well that's another thang.
Also gotta watch out for red-lighting! Jumping the gun can let your opponent just coast over the line for the win.
Yep, it sho nuff is!
Raw horsepower is a good thang. Now getting all that raw horsepower to hook-up to the street, well that's another thang.
Also gotta watch out for red-lighting! Jumping the gun can let your opponent just coast over the line for the win.
Intellegence Important: Yes
Will it Make me Money: Not by itself, it won't
Here's what you need:
1. Enough intelligence to generate trading ideas and strategies (remember, good strategies don't have to be complex)
2. Execution skills to carry out your plans. This includes not hesitating when your strategy tells you to take action.
3. Discipline to manage your risk, discipline to control your emotions, discipline to keep your ego in check.
Will it Make me Money: Not by itself, it won't
Here's what you need:
1. Enough intelligence to generate trading ideas and strategies (remember, good strategies don't have to be complex)
2. Execution skills to carry out your plans. This includes not hesitating when your strategy tells you to take action.
3. Discipline to manage your risk, discipline to control your emotions, discipline to keep your ego in check.
Obviously not. Look at the people on this board.
Yeah, and I lost money.
no, exhibit A: LTCM, exhibit B Janet Brown http://moneycentral.msn.com/articles/invest/derby/portfold.asp?Strategy=5