The NO. 1 Secret Of Success In Trading

[TreeFrogTrader]

I believe it's best to achieve success quickly rather than slowly. Kinda the old adage from mammoth hunting times, you know: It's better to be young, strong and intelligent than to be old, weak and dumb. Well. More or less. You can add lots of variants to this great principle of plain truth, my dear SimpleMeLike. Having said this, I do wish you some happy trading trails.

Reminds me of the definition of what a vegetarian used to be.

A little known fact is that "vegetarian" is actually an old Lakota word that means "lousy hunter."

 

[jinxu]

I believe it's best to achieve success quickly rather than slowly. Kinda the old adage from mammoth hunting times, you know: It's better to be young, strong and intelligent than to be old, weak and dumb. Well. More or less. You can add lots of variants to this great principle of plain truth, my dear SimpleMeLike. Having said this, I do wish you some happy trading trails.

Yes, in prehistoric times it was the old, weak and dumb that become prey. But luckily and maybe after having children so that their genes were passed on. It is the circle of life and natural law of selection.

Reminds me of the definition of what a vegetarian used to be.

A little known fact is that "vegetarian" is actually an old Lakota word that means "lousy hunter."

This may be Deja Vu, but haven't you already said this before?

 

[nooby_mcnoob]

if you figure it all out in 3 months and then blow up the next day, then you really didn't know how to trade. same goes for the so call professionals that made consistent money over the years and then blow up one day, they don't know how to trade either. sorry to break it to you.

Literally my point.

 

[aldrums]

I believe it's best to achieve success quickly rather than slowly.

Believing something and actually achieving it are two different things. Older and wiser beats younger and dumber in trading every time! I think this is the point of the OP.
Good Luck to you.

 

[aldrums]

if you figure it all out in 3 months and then blow up the next day, then you really didn't know how to trade. same goes for the so call professionals that made consistent money over the years and then blow up one day, they don't know how to trade either. sorry to break it to you.

No one is immune to blowing up, no matter how long you’ve been trading or how good your track record is. If anybody had forgotten this, the action over this last month has shown us that. The thing is to have a risk management plan that won’t let you blow up, so you can live to trade another day.
Peace.

 

[aldrums]

It doesn’t have to take 10,000 hours if one learns the techniques from proper sources to deal with the psychological issues.

The proper source to deal with the psychological issues is trading in the market itself. You can’t get this from a book or anywhere else. Although some combat experience may be helpful.

Peace

 

[aldrums]

I designed and built a desk that has 4 32" 4K monitors, which allows me to have as much data as 16 1080P monitors, right in front of me.

This is fine, just know that an experienced trader with his Pentium 4 and two 14” TFT monitors is going to trade circles around you.
Good Luck, and never give up!

 

[Neuroway]

This is fine, just know that an experienced trader with his Pentium 4 and two 14” TFT monitors is going to trade circles around you.
Good Luck, and never give up!

Only 3 monitors here. But I got this masterpiece shining on my desk, made in Germany. Das Keyboard. Don't tell anyone about it, it's my edge!

 

[Starspa]

This is fine, just know that an experienced trader with his Pentium 4 and two 14” TFT monitors is going to trade circles around you.
Good Luck, and never give up!

If we are trading individual equities, I will have to disagree, for other instruments of trade, I wouldn't know. And thanks, but luck isn't reliable, but I won't give up; it is an incredibly fun hobby. Best of skill to you.

 

[schweiz]

This is fine, just know that an experienced trader with his Pentium 4 and two 14” TFT monitors is going to trade circles around you.
Good Luck, and never give up!

The number of screens or the power of the pc does not reflect the results that are achieved or can be expected.
A good trader just trading forex or only futures ES doesn not need extra monitors or supersonic computers. And he probably will beat a lot of multi screen superpowered newbies or wannebees.

The trader is the most important piece in the story. An idiot with a supercomputer will never beat a good trader with just a basic laptop.