Correct! Really really true.. Each trader should lose small before winning big.. Experience and you would learn.. learn and experience.. Another fact that make sense to me.. Having a lot of patience really would stay on the right track.. As what they say, patience is a virtue.. And discipline too!
Your post does not match the topic you started. You talk about how you've learned to relate to the market, but nothing about yourself. or your inner self. For the first revelation, perhaps what you have learned about yourself is that you have the ability to let go of your ego and of your own Self or identity, if that's what is required to succeed. For the second, perhaps you have learned that you are capable of discernment.
this one CLICHE filled thread! I have to disagree with everything that has been posted, not because it's not true, but because every "adage" can be interpreted in so many ways that anybody starting out can really get lost in the "maze" and never get out. And all that because of good, sound advice...
Trading has told me: - That it's not because you are working hard that you will succeed. Work is necessary but it's not enough. You can work your ass but if you're in the wrong way at the beginning, you will not make money -That you have to keep it simple. -That a healthy dose of discretionnary/intuitive/non-mathematical behaviuor can be good in something that really looks like quantitative at first. -That this trading thing is the best damn thing that has ever existed, or at least the best way to live if you reach success level( the one you have chosen )
1.living at the present moment, not the past 2.don't try to outguess the reality(the market), just follow it I don't enter casinos anymore. Because I know you can't beat them. 3.don't listen to rumor Just like the propangandas used by the politicans. Near all of them make fool on people. 4.there are too many crooks in the world, avoid them I now read less newspaper, watch less TV. Since I know most of them are worthless. 5.big names don't mean anything, even nobel prize winners can be wiped out