POLL: What is the Most Important Thing in Trading?

[thesecrettrader]

Psychological development - when the gap between your KNOWING and DOING has been eliminated and you are of operational intent.

 

[QQQBALL]

patience & discipline

 

[Fistfull]

If I could have picked two options I'd have taken Edge and Risk Management. You have to have both. One is nothing without the other.

 

[KS96]

Low-risk entry.

 

[cashmoney69]

Quote from rcanfiel:

What is the Most Important Thing in Trading?

#1 and 10 are kind of the same. I went for 10, because even if you dont have an edge, with risk management, you'll last a little bit longer.

 

[mokwit]

What is the Most Important Thing in Trading?

Crush enemies, see dem driven before you, hear de lamentations of der vimmin.

On a serious note, structuring things so that your weaknesses can't get to you, this includes multiple things like low risk entries, having multiple small positions that add up to a large one etc etc.

 

[JimmyJam]

You've already had some pretty choice comments made on the thread.

But the most important thing to know about trading, is yourself ... if you don't know who you are as a trader, while you might succeed in the short-term, you probably won't over the long.

Good trading,

JJ

 

[Deadwood]

Quote from j1900q:

I am glad to see the poll results. Once again, we see why losers keep losing.
trade well,
Keith

You stole my post..lol!

 

[William Rennick]

Quote from damnit:

Taking three shots of yagermeister 10 seconds before the opening bell is the only thing that works for me and my profits have increased 5x.

Funny you say that. I recently installed wifi in the Winnebego. Last week 3 of the fellas in my RV Investment Club loaded up in the Winnebego for our first ever on the road trading session. When the opening bell rang we were already on our 2nd six pack of Natural Light. It's always good luck to drink the cheap stuff during market hours.

Long story short, we rolled into the local Hooters for a quick lunch. When the RV door opened an avalanche of empty beer cans rolled into the parking lot as all the smoke from the Dutchmaster Stogies we were smoking came bellowing out. Luckily we parked in the rear and not too many people noticed. Anyway, the wifi stopped working after lunch causing us to park the RV near a Holiday Inn where they had free wifi. The closing bell rang and the only thing the fellas cared about was how big Maria B's ass had gotten. We left another pile of emptys in their lot. I had to call a relief driver to come and drive the RV home.

Rennick out

 

[timbo]

Quote from rcanfiel:

What is the Most Important Thing in Trading?

A crystal ball and access to credit.