The most important thing in trading

Akwin

Junior member
36 3
You need to set up a place to do your trading. It should not be in your family room or bedroom, but in a separate space that can be your private office where you can conduct your business proficiently. Remove anything that can distract you. When you are working in your trading office, you must make it a family rule that you are not to be disturbed, except for emergencies. Do you agree?
 

Pat494

Legendary member
14,622 1,578
Less is more.
In trading, I and probably many others have made the mistake of having too many trades going at once.
Not good practice imho
Quality beats quantity every time. Just trade the few that you are most sure of.
 
  • Like
Reactions: Captain Currency

Forexintradiadarwin

Junior member
36 58
The answer is easy to say, difficult to complay with, and of course like in any other profession (yes, if you take it like a hobby, you´ll pay for it), you need to know your stuff, you need to have an edge whatever it is (there are several ways to trade, pick the one it is handier for you, your life style and your personality), and of course money managment is vital too.

With these two things you are all set (it will take you years to get there.

But at the end of the day there is one thing that will make the whole difference in your success or your failure as a trader (if you have the two things mentioned before), that is your YOUR PERSONALITY.

Your personality will be the key to trade using only your knowledge and real experience (not your biassed inner devil) while keeping your money management stiff in the worst moments. Nothing else, if you change any of this two key and vital stones in your trading life you are dead, and it will be your personality what will keep you in the game when nothing else seems to work.
 
Last edited:
  • Like
Reactions: CavaliereVerde

ffsear

Senior member
2,232 487
Self awareness!

"Self-awareness is the ability to focus on yourself and how your actions, thoughts, or emotions do or don't align with your internal standards. If you're highly self-aware, you can objectively evaluate yourself, manage your emotions, align your behavior with your values, and understand correctly how others perceive you"

Know yourself, and build a strategy around your strengths
 
  • Like
Reactions: Forexintradiadarwin

Pat494

Legendary member
14,622 1,578
Just supposing it was possible to incorporate all the tips above into one trader. I wonder what he/she would be like ? Probably unbearable or a sweet person of reason.
Would that person be a wunderkind of the business or so hopelessly tied up psychologically they are unable to make a trade.
Perhaps pick only one's favourite to be incorporated into one's persona and put up with the consequences from family etc.
I find by visiting someone's property one is able to judge the person vis a vis oneself by the psychological feelings one gets there. Some are calm and friendly like the person while others are hostile like their owner.
 
Last edited:
G

Guest36985

0 0
Just supposing it was possible to incorporate all the tips above into one trader. I wonder what he/she would be like ? Probably unbearable or a sweet person of reason.
Would that person be a wunderkind of the business or so hopelessly tied up psychologically they are unable to make a trade.
Perhaps pick only one's favourite to be incorporated into one's persona and put up with the consequences from family etc.
I find by visiting someone's property one is able to judge the person vis a vis oneself by the psychological feelings one gets there. Some are calm and friendly like the person while others are hostile like their owner.
Why dont we meet up so you can decide for yourself. 😜
 

Forexintradiadarwin

Junior member
36 58
Misplaced optimism is disastrous.
I place arrows where I traded and at the end of the week I go back and look at the successes and failures trying to figure what went right or wrong.
Learn that the markets are the boss.
Actually, that is a good habit...thank you.
 

maby8

Junior member
34 3
Yes finding that 'edge's is important, but it takes intuition gained from understanding the market. You thus need to be able to see what is happening, and what the trend seems to be. Your mind might sort of play games on you if you are not determined in focusing on important data and allow emotions or quick thoughts to affect your decisions
 

galbi

Junior member
36 11
Yes finding that 'edge's is important, but it takes intuition gained from understanding the market. You thus need to be able to see what is happening, and what the trend seems to be. Your mind might sort of play games on you if you are not determined in focusing on important data and allow emotions or quick thoughts to affect your decisions
Agreed buddy!
Emotions play an important role while trading.
 

Samuran

Newbie
4 0
Sometimes it is very difficult not to cross the line between confidence and self-confidence, how can a moment of greed come and start losing money
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock