Traits of becoming successful trader

ATLien · Mar 23, 2009

Be patient. Trade less not more.

GCSICLRBC · Mar 23, 2009

Quote from ATLien:

Be patient. Trade less not more.
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"Persistence is to the character of man what carbon is to steel." --Napoleon Hill

It took me 18 months to find my edge. Good luck to you.

My advice is to focus on Support & Resistance, and forget hte mumbo jumbo. I.e, your bollinger bands are about as useful as a rubber turd.

GL!

wbbank · Mar 23, 2009

what do you use for support and resistance indicators?

Mystery · Mar 23, 2009

Quote from GCSICLRBC:

It took me 18 months to find my edge. Good luck to you.

GL!
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Hmmm, it`s real fast. I have read here post of some treaders who had no success after years.

GCSICLRBC · Mar 23, 2009

Quote from wbbank:

what do you use for support and resistance indicators?
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None, friend.

I draw straight lines

crgarcia · Mar 23, 2009

Quote from Mystery:

I want to become trader. I was wonder what is the core difference between successful trader and a loser. Is it the system ? Is it the technique ? No. In my opinion it is a personality and attitude toward market.
Let me explain. It is well known that most traders lost their money and never succeed in trading. But the reason why minority of people succeed, in my opinion, is their passion, hard work and determination. Period.

I donât care that probably 90 % of traders fail. I do not consider such facts and statistics. It is irrelevant for me. I know only one thing - no matter what â I succeed. I become successful trader.
Everybody say that it is hard, almost impossible. People say - leave it and take ânormalâ job. Society, community (in majority) encourage to donât do it. But I not give a damn what they say. I become trader.

For me such attitude is a core reason why some people succeed in trading. They are focused on their target and have huge determination. I honestly believe that techniques and system is a result of hard working. But without right attitude sooner or later market bits you up.

Now, at the beginning I can imagine that market âsaysâ - Yeah ? Are you so smart boy ? Hahahâ¦lets seeâ¦..There were many knights like youâ¦another loserâ¦..

Market will test this approach in many ways by providing failures. Many times. But it is like horse rodeo. Market will try to kick me out like horse during rodeo. But what happens when horse rider finally win ? Horse works for himâ¦

Mystery
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Trading is a losing proposition.

Its touted by brokers so you generate lots of commissions. They don't care if you lose.

lpchad · Mar 23, 2009

Quote from crgarcia:

Trading is a losing proposition.

Its touted by brokers so you generate lots of commissions. They don't care if you lose.
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Idioit

crgarcia · Mar 23, 2009

Quote from lpchad:

Idioit
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Broker churning SHILL!