Trading for big returns

The only thing which has to serve you as a focus in trading is your personal development. Often, newcomers set a quite dubious obejctive: earn as much as they can. yeah... i can agree with such an objective, but obviously itwon't lead them to prosperity. the maximum it will lead to the burnout and no more. you can imply the final aim - money, but in fact your strategy should be built around your personal development as a trader, and the develpment of your skills. That's why there are dozens of traders who aren't successful. They just put a wrong objective and tryna follow it. I am convinced that the right aim equals prosperity.
 
Forex trading is not intuitive or simple. You must have a proper strategy to make continuous profits. Having a strategy that works is critical to succeeding in forex trading as requires consistency and better market knowledge. It is profitable if you do things in the right way.
 
personifica_ said:
Forex trading is not intuitive or simple. You must have a proper strategy to make continuous profits. Having a strategy that works is critical to succeeding in forex trading as requires consistency and better market knowledge. It is profitable if you do things in the right way.
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Ya, I agree to this plus according to me a trader should stick to a strategy for a specific time, as changing strategies frequently is not going to make you successful.
 
cadig said:
Hi all,

I’ve been trading for 3-4 years now, with focus on building complementary systems so that I can have a compounding machine of my own where I feel comfortable allocating majority of my savings from day job. I think that’s going well for now and particularly suits my conservative attitude .
However I also feel like I’m at a point where I understand risk management well enough and should allocate some percentage to more discretionary high leverage high return type of plays in small caps,
How much as percentage of NW should I allocate to that type of trading with goal of boosting net worth? Q2: How can I get over a more conservative mindset to really go for it?

… or maybe I should just stick with my focus on building my slow and steady “compounding machine”?

would love to hear from the pros trading multiple styles & accounts on how they think about “going for it”
thanks
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%%
SMAL CAPS are fine/ IBD made a fortune on those long over long time\ but they tend to go down more\
so only slightly better than futs.Forget 4x
TNA is such a wild one i seldom trade it + sure would not counsel you any any to do that/LOL
YOU may or may not want TWM or your watch list its on mine. NOT long or short that/as of lunch................................................................................
Sorry few or NO pro is here much \too much for data fees......................................................................................................................................
 
Wolfe_tr said:
Ya, I agree to this plus according to me a trader should stick to a strategy for a specific time, as changing strategies frequently is not going to make you successful.
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Agreed! Frequently changing the strategy implies the lack of confidence and knowledge in a trader. But, I’d also say that the trader should backtest his strategy frequently as the market is ever changing and for survival adaptability is very important.
 
Be wise while picking a trading strategy. Don’t just choose a strategy because everyone is using it. Analyse yourself and check what fits well. Then practice and master the trading strategy.
 
Making money is good, but in my opinion, what matters most is your development as a person and your knowledge. Once you have acquired the necessary skills, you will begin to develop the confidence necessary to be a successful trader, and profit will eventually follow.
 
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