Your most valuable lesson

If you think you've found a solid method, trade very small size through different market conditions, but do not get greedy and increase size until so. Odds are the method will break down and you'll have to tweak the method or completely eliminate, but that's o.k. and is part of the learning process to ultimately getting to your edge. This however takes a lot of patience, but will SAVE YOU A LOT OF MONEY!!!!!!!!!:)
 
maxinger said:
that's interesting.
for some, listening to others is a must.
for me, listening to others is a must-not.
More...
blocking out the noise is important but I'm all ears for people that can contribute to learning
 
maxinger said:
that's interesting.
for some, listening to others is a must.
for me, listening to others is a must-not.
More...
When I read this I thought it was not worthy of a reply and so, yeah, in this instance, not gonna contribute to maxinger's learning.
 
themickey said:
When I read this I thought it was not worthy of a reply and so, yeah, in this instance, not gonna contribute to maxinger's learning.
More...
Agreed. If you already have good intuition, then listening to others is futile.
Look at the recent moves in the copper market.
Everyone was bullish...then WHAM, Trump goes tariff-crazy on China...and the break-out to the upside is thwarted.
 
Trading keeps teaching you with the passage of time. I have learnt a lot of things from the demo account as I always try new things there. I think believing in your skills and a good money management technique are necessary elements for becoming a successful trader! Stay blessed!
 
jinxu said:
My most valuable lesson? Stop listening to what other people say and listen to yourself.

I used to listen to advice.Then the realization came that 95% of traders are loser therefore assume that 95% of advice out there are bad advice. The truth is most people just do not know what they are talking about. Best to take every thing you hear with a grain of salt.

My best advice given when I was young?
Talk less and listen more when you're under 30 years old.
And don't ever take career advice from someone over 40 years old.

Hehe
More...

That's true and good one. I can see that you're well-matured enough.

From my experience, no one is going to stop making mistakes. We are 100% human and we are allowed to make mistakes. But the major difference is that you have got to make less mistakes. But fewer mistakes may be done by robotic discipline.
 
jinxu said:
My most valuable lesson? Stop listening to what other people say and listen to yourself.

I used to listen to advice.Then the realization came that 95% of traders are loser therefore assume that 95% of advice out there are bad advice. The truth is most people just do not know what they are talking about. Best to take every thing you hear with a grain of salt.

My best advice given when I was young?
Talk less and listen more when you're under 30 years old.
And don't ever take career advice from someone over 40 years old.

Hehe
More...
Well said. Listen to what people have to say but apply your brain also. That is more important.
 
index.jpg
 
You must log in or register to reply here.
Back
Top