Learn to trade! Whats the most important bit
- immy
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Learn to trade! Whats the most important bit
What is the most important aspect of the process of learning to trade better?
Assuming you know the setup!
Assuming you know the setup!
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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- Grant
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Re: Learn to trade! Whats the most important bit
emotional control, in particular discipline..
success = patience + discipline - greed
- snorm
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Re: Learn to trade! Whats the most important bit
What is the most important aspect of the process of learning to trade better?
Developing a trading plan that suits who you are - drawn from your trading experiences and expanding knowledge - so that trading is rewarding to mind and pocket.
Developing a trading plan that suits who you are - drawn from your trading experiences and expanding knowledge - so that trading is rewarding to mind and pocket.
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Re: Learn to trade! Whats the most important bit
i think the answer will be different for different traders of different class ...
i think for a beginner, the most important trait we should have, is to love trading ... and knowing that to become a good and consistent profitable trader is a lifelong journey
i think for a beginner, the most important trait we should have, is to love trading ... and knowing that to become a good and consistent profitable trader is a lifelong journey
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Re: Learn to trade! Whats the most important bit
i think the answer to this is to just do it. even if you make mistakes, you can learn from them later.
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Re: Learn to trade! Whats the most important bit
Money management.
good system + bad MM = BE at best more likely loss
OK system + good MM = BE or small profit
good system + good MM = "look at my wad" to quote harry enfield's character "loadsa money"
)
As AIMS is a good system all we need is good money management !!!
Chris
good system + bad MM = BE at best more likely loss
OK system + good MM = BE or small profit
good system + good MM = "look at my wad" to quote harry enfield's character "loadsa money"

As AIMS is a good system all we need is good money management !!!
Chris
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Re: Learn to trade! Whats the most important bit
For me I had to learn to control my emotions due to the fast moving 1 min TF and then understand who I was.
I then concentrated on MM. #-o Hate to be generic and un original but 90%mind 10% MM with 80% of MM being mental. If you have time have a read of this :
http://deoxy.org/egofalse.htm" onclick="window.open(this.href);return false;
Den

http://deoxy.org/egofalse.htm" onclick="window.open(this.href);return false;
Den
Consolidation periods are quicksand for suckers.
- tfilipe
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- arnoprofits
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Re: Learn to trade! Whats the most important bit
To manage my emotions: Fear - Greed and disappointments......and my commitment and discipline !!immy wrote:What is the most important aspect of the process of learning to trade better?
Assuming you know the setup!