To be a successful trader, you should not ….

To be successful in the forex market always do hard work and make your own strategy and plan and follow strictly them and start making good money.
 
To be a successful trader, you should not ….

do what this thread says, as those who are very successful, know what you should do but will not tell it.

There are no (holy grail) rules that are fit for all traders. Each trader has a different approach and a different trading plan.
 
Tarzan said:
To be a successful trader or at least semi successful, you should never do the following :

8) Over trading
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Hello all

Can someone please explain: what does over trading mean?

Is there a such thing as trading too much? If I am making money, I definitely want to over trade.
 
SimpleMeLike said:
Hello all

Can someone please explain: what does over trading mean?

Is there a such thing as trading too much? If I am making money, I definitely want to over trade.
More...

"Overtrading" is a subjective concept. If you're trading a lot and losing left and right, then you're overtrading... like it would be better if you lost your money "slower"?

If you're trading well and successfully, you probably should be trading MORE!

KISS, baby!

:)
 
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Scataphagos said:
"Overtrading" is a subjective concept. If you're trading a lot and losing left and right, then you're overtrading... like it would be better if you lost your money "slower".

If you're trading well and successfully, you probably should be trading MORE!

KISS, baby!

:)
More...
Thanks Scataphagos,

Yes, I really never and still do not understand this over trading topic in trading.

1. How do I know if I am over trading?
2. How do I know if I am not trading enough?
3. How do I know if I when to stop over trading if I do not know when I am over trading?

In my keep-it-simple thinking, shouldn't a trader just take all trades possible, even if that amount to 100 trades per day vs 4 trades per day.

I appreciate the opinion. My stance is just take all the trades you can so you can make a lot of money.
 
SimpleMeLike said:
Thanks Scataphagos,

Yes, I really never and still do not understand this over trading topic in trading.

1. How do I know if I am over trading?
2. How do I know if I am not trading enough?
3. How do I know if I when to stop over trading if I do not know when I am over trading?

In my keep-it-simple thinking, shouldn't a trader just take all trades possible, even if that amount to 100 trades per day vs 4 trades per day.

I appreciate the opinion. My stance is just take all the trades you can so you can make a lot of money.
More...

If you're trading poorly and losing too much, better to back off and rethink.

If you're trading well and making money on the majority of the trades... PEDAL TO THE METAL! (Until the market slaps you upside the head, of course.)

KISS, baby

:)
 
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