Why do 5% of Traders Win?

[ammo]

i would bet that 95% of those 5% rarely trade just sit and wait for setups

 

[oldtime]

Quote from ammo:

i would bet that 95% of those 5% rarely trade just sit and wait for setups

ok, so that's rule 2. Sit on your hands and wait for an opportunity to pounce

 

[oilfxpro]

Quote from oldtime:

hey man, you were the one who said to run several systems, how is that any different than spreading?

y would she spread 3 times a noight for boys?

 

[deaddog]

Successful traders have:

Adequate capital
A trading plan
The discipline to follow the plan
They accept that they don’t know what will happen.

 

[oldtime]

Quote from oilfxpro:

y would she spread 3 times a noight for boys?

I don't know, you got me on that one. You are the expert and I am just here to learn. The only thing I can think of (and I know I am probably wrong) is, boys pay more than girls?

otherwise, yes, just run many sytems, hopefully one of them will work. The more the better. Long term short term, trend continuation, trend reversal. Fade and pile on.

Like the man said, a system is just to shelter you from making any decision you are too scared too make.

 

[oldtime]

Quote from deaddog:

Successful traders have:

Adequate capital
A trading plan
The discipline to follow the plan
They accept that they don’t know what will happen.

so, start with a million dollars, buy on Monday and sell on Friday and stick with it even though I don't know what the hell is going to happen and that will make me successful?

 

[oilfxpro]

Quote from oldtime:

I don't know, you got me on that one. You are the expert and I am just here to learn. The only thing I can think of (and I know I am probably wrong) is, boys pay more than girls?

otherwise, yes, just run many sytems, hopefully one of them will work. The more the better. Long term short term, trend continuation, trend reversal. Fade and pile on.

Like the man said, a system is just to shelter you from making any decision you are too scared too make.

It is more to do with psychology and mindset, boys are more aggressive and girls are more introvert.

and Baron is caught in between, it could be a puff, or les dawson or he is not sure which one of the two.

 

[deaddog]

Quote from oldtime:

so, start with a million dollars, buy on Monday and sell on Friday and stick with it even though I don't know what the hell is going to happen and that will make me successful?

If that’s your plan go for it. You might want to control your risk, and add a money management component to your plan. Let us know how thing work out.

 

[Zr1Trader]

"Why do 5% of Traders Win?"

Randomness put them on that end of the curve because they were really lucky jk

 

[Wide Tailz]

Quote from oldtime:

if you keep trading like 95% of traders do I'm pretty sure I can tell you your future

too bad they make me bet on the market and don't let me bet on traders

How do you know how I trade?