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

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

  1. Eric215

    Eric215

    + emotional awareness
     
    #61     May 28, 2009
    wlnd, CSEtrader, 777 and 1 other person like this.
  2. harkm

    harkm

    Very well put. Emotional awareness is something you develop over time.
     
    #62     May 28, 2009
    wlnd and CSEtrader like this.
  3. xxxskier

    xxxskier Guest

    for me, the final piece was similar to what someone else here said...being able to recognize a move early on vs. chop. a close second was learning to accept a loss, dust myself off and wait for another valid set-up. i have never had much problem with letting winners run.
     
    #63     Jun 3, 2009
  4. Amangod

    Amangod

    My addiction to porn and necromancy
     
    #64     Jun 3, 2009
  5. achilles28

    achilles28

    Yep.:D

    A little bird told me something interesting....,

    Weaker the edge, the more important psychology.

    Better the edge, the less important psychology....
     
    #65     Jun 3, 2009
  6. What was the ***last*** thing you had to master before becoming profitable?

    The Last thing to master before becoming profitable (i.e. A)
    = The First thing to start trading (i.e. B)
    = Everything in between A and B
    = Reward:Risk (i.e. Edge)
     
    #66     Jun 3, 2009
  7. kxvid

    kxvid

    Everything besides trading.
     
    #67     Jun 3, 2009
  8. cf0532

    cf0532

    I still have a problem that the fear of the loss of the gained profits. I know if the problem can't be resolved, I will never be a professional trader. I believe each trader will confront this. How should I do? I meaning the better method. Just force self to persist?
     
    #68     Jun 3, 2009
    SimpleMeLike likes this.
  9. Johno

    Johno

    NO

    Regards
    Johno
     
    #69     Jun 3, 2009
  10. Johno

    Johno

    Let me give you a hint-

    The truth is that some one who has been here 10 years can be just as full of sh-t as someone who has been here 10 minutes! Also, many here who sound knowledgable and polished are the most full of it!
    Ultimately there is no substitute for clear thinking, so rely on your own judgement!

    Good Trading
    Johno
     
    #70     Jun 3, 2009