FAQ How Difficult is it to Trade?

Apr 3, 2017
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I don't know how anyone can apportion 80% of successful trading to psychology alone. Suggests that a valid edge is only one-fifth of success? The better my edge the less i need emotional fortitude. Your mind can be a steel trap but you will lose winning only 1 out of 5 trades where your (strong)mind is holding on to losing trades. Discretionary traders ie those that are not coded may need a stronger psyche to handle the drawdowns because they can't objectively define where its all going wrong.

I apportion discretionary successful trading at worst 70% edge/30% psyche.
“80 percent of success is due to psychology—mindset, beliefs, and emotions—and only 20 percent is due to strategy—the specific steps needed to accomplish a result”

https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=80+20+psychology
 
Apr 3, 2017
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If everyone buys the dip , it works:LOL::LOL::LOL::LOL::LOL:
http://www.trade2win.com/boards/indices/223440-edge-set-forget-indices-trading.html

Buying the dips in the indexes makes profitable traders.

http://www.trade2win.com/boards/gen...fet-suceeded-95-traders-fail.html#post2902684

Trading is very easy and very simple .Just get a set and forget strategy , on the stockmarket for free .It will take you a few days to devise , at zero cost and you wil get financial freedom.It avoids the snake oil of market timing , psychological wired to lose handicap and is very easy to learn.

Sorry!The money trees are sold out.

But it is here for free , look out here soon for free stockmarket strategy.
 
Feb 12, 2016
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I'm not going to brag, it was hard to start forex trading for me. There were so many difficult things, I thought I would never be able to get the hang of them. But now, after soem time, everything is not that scary.
 

piphoe

Well-known member
Oct 31, 2015
10,049
194
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http://www.trade2win.com/boards/indices/223440-edge-set-forget-indices-trading.html

Buying the dips in the indexes makes profitable traders.

http://www.trade2win.com/boards/gen...fet-suceeded-95-traders-fail.html#post2902684

Trading is very easy and very simple .Just get a set and forget strategy , on the stockmarket for free .It will take you a few days to devise , at zero cost and you wil get financial freedom.It avoids the snake oil of market timing , psychological wired to lose handicap and is very easy to learn.

Sorry!The money trees are sold out.

But it is here for free , look out here soon for free stockmarket strategy.
i miss fl :( what happened to him? he was awesome, fun to read

didn't believe everything he said, and didn't disbelieve everything but damn was fun reading it anyway
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tomorton

Well-known member
Feb 28, 2002
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Exeter
everyone is talking about buying at the dips, but the problem is, how do you know it is a dip, or halfway falling?

You cannot be 100% certain but there are things you can do to protect yourself -

* make sure it is an uptrend you're hoping to enter; pre-define what an uptrend for your strategy would look like - make sure all those features are visible;

* check this is the best uptrend available from the markets you follow; pre-define what "best" for your strategy would look like;

* make sure the dip itself does not break the uptrend;

* don't buy at the low of the dip, set a buy order above the low using TA to show an entry level that means price is probably going to continue rising;

* set a stop-loss below the low of the dip; this should be where price tells you the trend is now broken if it reaches it;

* plan what you will do when the trade reaches break-even; you can hold on, you can move the stop to protect gains, you can pyramid with another trade, etc. but the time to know which is before it happens;

* check what related charts are doing - e.g. if considering buying an equity, is its index also rising?


Don't miss a good opportunity because you don't have perfect information.
 
Likes: Lee Shepherd

Jason101

Well-known member
Oct 9, 2008
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How Difficult is it to Trade?

It is unbelievably easy. It really is!!!

Before you learn to trade it is impossible, very hard. But once you have got it. It is very, very easy, like taking candy from a baby.

But what gets you from one point to another??
I don't really know?
Part of it is to chill the F*ck out. And to know that your trading decisions are fine, to believe in yourself. Be arrogant and very humble at the same time. But this only comes with plenty of trading years.

Like a runner who makes a race look easy. It was easy for him, but only because of the years of training and effort leading up to the race.

You have to realise that just as easily as the market can take your money, You can take the markets money. Then don't stand for any sh*t.

EDIT: You have to control yourself otherwise the market will control you.
Goodbye T2W
 
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Jan 31, 2018
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indore
Trading is not very difficult anyone can become a trader and for this no specialization or degree required. However, to you need to be very careful while trading.
 
Jul 11, 2018
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Man, it's difficult to convince my family, even friends that I'm not gambling. lol

Btw, anyone is free to trade but if you look around, 90% of us lose. Many clever and smart traders are wise enough to pull all your money. Yeah, that much difficult. Trade slow, little and learn continously, that will surely take you to have good trading life.

And my small advice: don't put your funds in the risk that you can't afford to lose. Greedy does that and trapped himself.
 

bitges

New member
Jul 9, 2018
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I like this post! Very good and useful.
It’s very important to keep emotions controlled, especially when it comes to day-trading. And, of course, each trader should have not only a plan, but trading strategy as well. And in cases when all other people are getting into panic, there'll be nothing better than these two things that won't let you go astray.