Difference between newbie struggling trader vs successful trader

Yes!

An aspiring trader needs to...

1. Develop a "process"... understand what you should do and why. This takes a while. Lots of trial and error. When it looks like you've got something... practice on sim or with small money to refine.

2. Then execute the process with discipline.

 

Ditto. Unfortunately there is a lot of time wasted and teeth gnashing on the strict definition of "predicting" the market.

 

I disagree, I had no problem whatsoever understanding the context of the statement.

 

[Sighs]

I never said you misunderstood. I'll try to simplify

You said,

I responded to that right there, with regard to your mention of a lack of context. What were you referring to ... that lacked context? Rhetorical question.

I replied to your mention of a lack of context,

So you strangely replied,

You disagree with what exactly? I said "If," in response to your mention of context.

When did I say you misunderstood the context? I said "If," in response to your mention of context.

Tell me, what are your thoughts on reading comprehension in today's society?

 

Take your medication.

 

I think a successful trader would let his positions run as they are going his way and close his position when his strategy tells him to and newbie trader might closes his position as soon as he gets a small profit. Former would pay attention to cutting losses. Newbie struggling trader might think to earn steady income from this but successful trader first evaluates the performance and also don’t believe in betting big in order to make money as much as possible.

 

SIMILARITIES.
both of them could have

- similar IQ
- similar computer hardware and software
- similar education background
- similar trading coaches
- similar hobbies / interests
- passion for trading

but their trading results could be 180 degree apart.

 

Yabber yabber yabber.....

 

Ok, I give in, here am I trading. Finally I'm revealing my secret.....

 

Thank goodness we all have opinions!

From your first breath of life, we are predicting we will live, you walk across the street, you are predicting not to be hit by cars or birds or lightening strikes.

Newbie does not know what to discard and what works.
Successful trader understands how the market flows, moves and don't move when it is expecting. One can do well with 4% losing percentages or 5% winning percentages, and others with same percentages be bankrupt. He/She finds what works for them and exploits it. Having "balls" size of watermelons get one to next levels, you have to take aggressive conservative stance to get to new levels.