The NO. 1 Secret Of Success In Trading

I have been using my set up for a couple months, I love it! I have increased text size, what I really like is that I have up to 18 charts on one screen, too often, when filtering software notifies you of a move, it's too late, having all of the stocks in play, up on the screen, allows you to see a pattern setting up so you can enter a position at a much better time.

 

Sorry to disappoint you but that is the definition of a beginner.

many of us who have been around for some time initially have had good streaks with trading, inevitably followed by disaster once the market structure changed.

I hope for you you will be the exception but I doubt that and I think you are up for a very big reminder that consistent profitability takes time and experience, and humbleness...

good luck

 

I agree with most of what you say, though I think that the mental part is most definitely the hardest one to overcome, the chart reading is relatively easy after some time...

 

LOL, One thing I've noticed about many members of ET, is that they twist and fabricate what was said by the OP so that they can make a negative comment. When did I state or imply that I was a successful trader?

I am successful and I do not need to trade.

 

I know after trading more than 2 decades that the 10,000 hour as a saying, but no literally, is correct.
All depends of what you call "being profitable".

I will give two extreme examples:

• A is making 5% net a year.
• B is making 100% a week.

For A there is no need to do 10,000 hours.
For B on the contrary achieve the 100% a week will need 10,000 hours. And for almost everybody even 100,000 hours will not be enough as they will never achieve that.

 

Why did you spend $4k on a 4 monitors but went cheap on the desk and chair? It looks ugly.

 

well, while I agree with you in general, I wouldn't even bother learning to trade to become case A (5% a year), while I would be very surprised to achieve 100% a week, 10-20% would be more likely

 

I've done it. Not that big a deal. The secret is to be very good at trading.

 

LOL, I built the desk and I think it looks cool! Post a picture of your trading desk so that I can see what a good looking desk is supposed to look like. Those 4 monitors didn't cost close to $4K.

 

double your capital each and every week? sorry I think not, it is simple math as to do so you would need to use leverage to very unsafe levels and be extremely good, too good...