Being a Successful Trader

This is a discussion on Being a Successful Trader within the Psychology, Risk & Money Management forums, part of the Methods category; Thanks for the support. Good to hear people trying to make other traders better. As for the survey, I've got ...

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Old Aug 10, 2014, 9:23am   #9
 
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ted.fitz started this thread Thanks for the support. Good to hear people trying to make other traders better.

As for the survey, I've got around 10 responses. Would like if I had more responses. So if there is anyone else interested in telling me what they think are the key things to being a successful trader, please try this survey:
http://www.surveygizmo.com/s3/175269...ors-of-Trading

Last edited by ted.fitz; Aug 10, 2014 at 9:24am.
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Old Aug 26, 2014, 8:52pm   #10
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Originally Posted by ted.fitz View Post
Thanks for the support. Good to hear people trying to make other traders better.

As for the survey, I've got around 10 responses. Would like if I had more responses. So if there is anyone else interested in telling me what they think are the key things to being a successful trader, please try this survey:
http://www.surveygizmo.com/s3/175269...ors-of-Trading
@ted.fitz, Hi again. Fair enough - you may well want more respondents to your survey than just ten respondents to date, but tell us please - how exactly do you know whether all, or even most of those responding to your survey, have a solid idea of what it's like to be a consistently profitable (successful) trader?

And if you don't know how many (if any) of your respondent even know what trading success is, then surely that calls into question whether the survey's results have any relevance, or legitimacy? Sorry to throw a dampener on matters, but doesn't it?

When it comes to trading success, are you really looking to hone the majority's opinion? And if so, given that the majority aren't successful, then why?

Curiouser and curiouser.
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Old Mar 14, 2017, 9:04pm   #11
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I think key to success is to have your own strategy that fits your trading style and corresponds to your skills, no matter of the account type. Even if you use money manager, you still need to have an investment strategy with clear risk-reward ratio and tolerance to risk.
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Old Mar 15, 2017, 10:16am   #12
 
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It seems like you are looking for an ideal template.
People should cherry pick what they think suits them. Or even better have someone who knows one well to cherry pick the suggestions and maybe add a few.
Facing up to some unpalatable facts could be the hard part. If one can't admit even to oneself one's faults one hasn't a hope of correcting them.
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