What was the ***last*** thing you had to master before becoming profitable?

Discussion in 'Psychology' started by Kovacs, May 27, 2009.

  1. Myself: balancing patience and care with doing it.
     
    #11     May 27, 2009
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  2. Redneck

    Redneck


    Most definitely

    RN
     
    #12     May 27, 2009
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  3. Cutten

    Cutten

    Being able to recognise the difference between a meaningful move and normal market noise/chop.
     
    #13     May 27, 2009
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  4. auspiv

    auspiv

    is volume a big (the biggest?) part of the difference between a move and chop?
     
    #14     May 27, 2009
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  5. NoDoji

    NoDoji

    Cutten, how do you recognize that? I look for volume behind the moves, but are there other things to look for?
     
    #15     May 27, 2009
    johnnyrock likes this.
  6. This has been so hard for me.

    I have learned to cut losses very early.

    But dang... it's so hard to let profits run...
     
    #16     May 27, 2009
  7. A meaningful move on a daily chart is found too often.

    Normal market noise/chop on a daily chart = some meaningful moves on an intraday chart (e.g. 5-min, 1-min).

    Normal market noise/chop on a 1-min chart = some meaningful micromoves on a 42 tick chart.

    In general: market noise/chop in a higher time-frame can be meaningful moves in a lower time-frame.

    So... pick your trading time-frame and compare to the backdrop higher time-frame.
     
    #17     May 27, 2009
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  8. The password to the Fed's computer.
     
    #18     May 27, 2009
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  9. Automation.
     
    #19     May 27, 2009
  10. Eight

    Eight

    The simulator, hopefully.....
     
    #20     May 27, 2009