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

Quote from zdreg:

expiate- freudian slip? you must be guilty of some dastardly action.

ex·pi·ate/ˈekspēˌāt/
Verb: Atone for (guilt or sin)
:D
ps your post is +1
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Thanks.

The spell check i messed up. I meant expatriate. or expat for short
 
Quote from torseaton:

Obviously using margin when you have no cash reserves for a margin call is nuts, but why not use it intra-day if you are a very active trader? More leverage controlled well can be a powerful boost. I understand overnighting and getting killed by interest on margin, I am talking only day trades...
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Torseaton, I agree with you on this. However, I have only tried this in paper trades, by buying a large volume of shares and running for $0.10-0.50 profit. On paper it is working well for me; doing this with real money is, however, a whole different issue.

Have you traded on margin, in this fashion, and been successful?

SN
 
cutting losses...cutting loses.

letting profits run.

emotions is the main thing. I'm always working on this. - read TRADING IN THE ZONE BY DOUGLAS
 
Quote from patoo:

The guys that post jiberish usually run out of steam, patience and cash, Then they leave.

I have been here long enough to know the ones that post the truth and their dates are older than mine.
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Here is my system:
if post date - registration date < 3 years
then don't waste time reading the trading related opinion.
(the most valuable info usually comes form people predating me)

How do I know the system is working? Occasionally I break my own rules, however 2- 3 sentences in I realize the mistake.

How did that saying go?
There are no old bad traders.
 
Quote from lxor:

Here is my system:
if post date - registration date < 3
then don't waste time reading the trading related opinion.
(the most valuable info usually comes form people predating me)

How do I know the system is working? Occasionally I break my own rules, however 2- 3 sentences in I realize the mistake.

How did that saying go?
There are no old bad traders.
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There are old traders and bold traders, but there are no old, bold traders

http://www.barrypopik.com/index.php...ld_traders_but_there_are_no_old_bold_traders/
 
Quote from NoDoji:

Cutten, how do you recognize that? I look for volume behind the moves, but are there other things to look for?
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when they are all moving together in one direction, all in agreement,then there is a large buy in or liquidation going on,testing supp/res on multiple markets and breaking,or all reversing,large tick moves,large up/down imbalance ,large moves in the leaders
 
Myself. Read "Trading in the Zone," by Mark Douglas, eat an <b>extremely</b> healthy diet and avoid sugar like it's arsenic, get plenty of sleep, plenty of exercise, and perhaps above all, learn to meditate. I've worked with many wanna-be traders over the years and very few will commit to doing all of these things, especially the meditation part. If you are willing start here:

http://www.yogananda-srf.org/tmp/meditation_notitle.aspx?id=1719

If you follow these recommendations I can promise you it will be a life changing experience. If anyone is serious PM me because this is the tip of the iceberg.
 
So all the posters in this thread are big winners and their advice worth every second wasted on reading it?.

I wonder who pays for their wins.
 
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