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

[Wide Tailz]

I had to un-learn most of what I picked up from Gurus. I actually traded my best during my first month, then went downhill. The natural edge I lost can be summed up in two words......

:eek:

 

[SteveNYC]

Quote from Arnie:

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/

Soros is old and still bold.

So much for the no bold trader saying.

 

[SteveNYC]

Quote from Amangod:

My addiction to porn and necromancy

Very serious subject matters.

 

[SteveNYC]

Quote from achilles28:

Yep.

A little bird told me something interesting....,

Weaker the edge, the more important psychology.

Better the edge, the less important psychology....

Profits have a magical ability to solve many problems including psychology.

 

[SteveNYC]

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?

Well, baseball and trading have a lot in common so I am not surprised that he mastered trading by mastering batting.

 

[SteveNYC]

Quote from NoDoji:

Cutten, how do you recognize that? I look for volume behind the moves, but are there other things to look for?

Buy a crystal ball on EBay and use it tell when there are trends and when there are no trends.

 

[zdreg]

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

yourself.

 

[Visaria]

Quote from SteveNYC:

Soros is old and still bold.

So much for the no bold trader saying.

AFAIK, Soros no longer trades. His family office does all the trading. Apparently it's pretty conservatively managed, no bold bets.

 

[zdreg]

Quote from Visaria:

AFAIK, Soros no longer trades. His family office does all the trading. Apparently it's pretty conservatively managed, no bold bets.

whose decision was it to buy spanish and italian bonds from mf global? it was seen as bold at the time.

 

[pikachu9]

Quote from zdreg:
whose decision was it to buy spanish and italian bonds from mf global? it was seen as bold at the time.

Bold from the outsider's view, but maybe they knew ex-banker Draghi would "do whatever it takes."