What makes a consistently profitable trader different from others?
- Thread starter qwB
- Start date
Once you watch 100 Youtubes or whatever it is folks do today, and learn a few techniques... the answer is easy. Small positions relative to your overall account size. Very small. Do that, and in time, you'll be successful. Bunts and base hits.
"Get greedy, and you're done---> till the re-fun(d)."
Like my rhyme?
(*I always wonder if I'm talking to some gpt chat bot with these new members.. but whatever)
Technical expertise, Emotional expertise, Money Management expertise. All these things require the ability to continuously learn, evaluate and adapt-improve.
Most people can't get one of the three above.
Funny though, all these things are well known, studied and written about in books since the 70s. But people think somehow Youtube BS is the way to go. ROFL to the extreme.
PS: one last one, imo, coding expertise, these days, vs 20 years ago.
PPS: I was not abused just persecuted.
Most people can't get one of the three above.
Funny though, all these things are well known, studied and written about in books since the 70s. But people think somehow Youtube BS is the way to go. ROFL to the extreme.
PS: one last one, imo, coding expertise, these days, vs 20 years ago.
PPS: I was not abused just persecuted.
Not bullshitting the risk/reward - not stops.
A continuing willingness to learn and engage with peers.
Understanding volatility, which is just another way to say statistics.
Market structure of the alternatives of the product(s) they trade.
Being clever. Being confident. Growing from your bad trades.
Never believe your own PR. Not getting wedded to a specific formula or set of rules.
Motivated by money, but still having a life.
A continuing willingness to learn and engage with peers.
Understanding volatility, which is just another way to say statistics.
Market structure of the alternatives of the product(s) they trade.
Being clever. Being confident. Growing from your bad trades.
Never believe your own PR. Not getting wedded to a specific formula or set of rules.
Motivated by money, but still having a life.
Releasing the obsession with achieving a 20% weekly gain, contrasting with the flashy YouTube sellers. Personally, it's ofcourse very easy to understand but emotionally challenging due to the numerous setbacks I had to endure before accepting it 
. Essentially, it aligns with the timeless concept of patience found in old books. It's akin to the classic experiment with children offering one or two cookies, emphasizing delayed gratification.
. Essentially, it aligns with the timeless concept of patience found in old books. It's akin to the classic experiment with children offering one or two cookies, emphasizing delayed gratification.
I disagree with this sentence.
Imagine very smart, sophisticated, algo automated traders trying out different methods.
Originally they may have started that way, but once they were onto a winning formula, they knew it was best to just plug away on the same route, maybe make small tweaking refinements as the market mood changed, but by and large if something works, why break it and attempt to fix it all over again.