What was the ***last*** thing you had to master before becoming profitable?

Quote from snowhite:

I mastered bating.
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So you learned to swing a baseball bat to get profitable?

Or were you trying to be funny and just spelled baiting wrong in effect ruining the whole joke?
 
Quote from peilthetraveler:

So you learned to swing a baseball bat to get profitable?

Or were you trying to be funny and just spelled baiting wrong in effect ruining the whole joke?
More...

I'll take #2 for 1000.
 
I would say size in relation to account balance is one of the biggest problems and to overcome it is a hurdle where most fail because unavoidably the way to consistently taking out money from the market takes its contribution. You can be the best chart reader and still lose money if you don't have the balls to hold onto proper planned trades. So how should you plan trades?
You will have losing trades and after your entry you will simply NEVER know for sure where the market is going though you have a good chance to end up taking when you are ready to give. Now that doesnt mean you should press the button whenever you like but when recognizing a setup that seems well known to you you must not hesitate to find out the consequences of taking it. With other words you must filter all good and bad out by yourself. Learning the breath of your chosen market is essential, letting winners run is essential, cutting losers is essential so I suggest to find one's risk tolerance first then cut the intended size into half whilst doubling the stop and you still play with the same figures. You must feel the pulse of the market in order to surf its waves profitably. Win a bit and lose a bit and when you have found your style you will see there are no more questions that anybody else could ever answer and then comes the time to reconsider size. Remember you have to go for consistency and not for $$ in the first place. Money comes later and will lose most of its importance as being a target anyway once you are able to take it.
 
After simplifying and meticulous trade tracking (3 min. candles/futures) to the point of having a defined entry point including a trailing stop (yes, I found them invaluable for me and my personality), I place the resting entry order and when it hits, I get up from the computer and move to the den sofa or leave the room, allowing the trade to work.
 
Quote from peilthetraveler:

I dont care if people think I'm credible. I think there are alot of people on this board with better advice than me, but i think there are a hell of a lot more with worse advice. And since probably 90% of them leave after the first year or so on this board, it usually means they lost all their money. I'm the type who like to play odds in my favor. Odds are that someone who signed up a few months ago doesnt know what they are doing yet. Yes, its not a fact that EVERYONE whos registration date is 3 months old is a newbie trader, but the odds are that they are. Its like going to vegas and playing craps. I can tell you "dont bet the 12, its a 36 for 1 shot and its a bad bet." and you might say to me...That doesnt mean it wont hit (which is basically the same thing you just said to me about my logic) Over enough rolls ( or on elite trader, enough noob accounts) my logic will win in the end.

Sorry if i didnt explain myself to such an "Educated" trader so he could understand what i meant more easily.
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Good job explaining yourself to such an "Educated" trader. Lol. I have to admit that you're mostly right.

Still, I wouldn't allow the sign up date of the messenger to prevent me from receiving a good message. There are many people that can't trade at all that have some good ideas.
 
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