What did you learn this year?

Discussion in 'Trading' started by cashmoney69, Dec 8, 2006.

  1. You've got it. Need to use the BS detector. But still some bits of good information sometimes. And one has to like the 100% room to go !
     
    #61     Dec 11, 2006
  2. VictorS

    VictorS

    So true, fortunately I learned that a few years ago.

    This year I learned...."SIZE...you gotta do size." I remember that quote from somewhere I cant recall, but it never really sunk in until this year.
     
    #62     Dec 11, 2006
  3. RiverRat

    RiverRat

    Too agressive at taking profits only to see winners continue to GROW.
     
    #63     Dec 11, 2006
  4. marky1

    marky1

    That there are still idiots in the market. I made several hundred thousand dollars in a two month period triggering a black box that was left unmonitored.
     
    #64     Dec 11, 2006
  5. I found trading is a great parttime business but too stressful if depending on it as your main income .
     
    #65     Dec 11, 2006
  6. Some stocks I bought this year dropped more than 18% the day after I bought 'em.

    But it was okay, 'cause it was on LOW VOLUME!!! :D

    J/K Good trading to all! :cool:
     
    #66     Dec 11, 2006
  7. Math_Wiz

    Math_Wiz

    When entering a trade, amateurs think about how much they can make, pros think about how much they can lose. Learn to focus on the losses, the profits will take care of themselves. That's what I learned this year.

    +-*/ Math_Wiz
     
    #67     Dec 23, 2006
  8. vguy

    vguy

    1. Always, analyse market direction
    2. Indexes, EFT and Mutual funds should be a part an amateur portfolio.
     
    #68     Dec 23, 2006
  9. john99

    john99

    I learned that my #1 enemy in trading is myself.(emotions)

    I learned that I need stops on every trade, and that I need to take more smaller losses before letting them turn into big fat losers. (as opposed to trading until I've reached an uncle point, where you can't take any more pain)

    I learned that I need a system that tells me when to enter, or else I end up taking impulsive trades.

    Also, trade the trend, don't over leverage yourself, don't add to losers, and have patience.
     
    #69     Dec 23, 2006
  10. jessop

    jessop

    I changed my instrument this year too - from ER2 to NQ....and moved up to 10min TF from 3min.

    I learnt the tide/wave/ripple lesson....now I'm just trading for the primary 1-3 day swings evident in the futures.....not 2-3min ripple scalps.

    My biggest weakness is controlling my reversal bias when in strong trends....that's my 2007 homework.
     
    #70     Dec 31, 2006