Learn to trade! Whats the most important bit

Here you can ask questions about All the Indicators that we Use.

- AIMS Box Indicator previously AIMS Levels
- AIMS Gator previousl AIMSiGator
- AIMS Entry Alert
- AIMS Wave - aka AIMS AO

What is the most important thing in learning how to trade?

Poll ended at 16 Sep 2011, 20:03

Recognising the Setup
5
38%
Correct Money Management
3
23%
Backtesting
0
No votes
Taking Trades
5
38%
Indicators
0
No votes
 
Total votes: 13

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immy
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Learn to trade! Whats the most important bit

Unread post by immy »

What is the most important aspect of the process of learning to trade better?
Assuming you know the setup!
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
pinnedacier
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Joined: 21 Aug 2011, 21:10
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Re: Learn to trade! Whats the most important bit

Unread post by pinnedacier »

Recognising the set up.
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Grant
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Joined: 14 Aug 2011, 14:52
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Re: Learn to trade! Whats the most important bit

Unread post by Grant »

emotional control, in particular discipline..
success = patience + discipline - greed
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snorm
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Joined: 13 Aug 2011, 22:57
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Re: Learn to trade! Whats the most important bit

Unread post by snorm »

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.
Randy Cha
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Re: Learn to trade! Whats the most important bit

Unread post by Randy Cha »

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
evilmeatball
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Re: Learn to trade! Whats the most important bit

Unread post by evilmeatball »

i think the answer to this is to just do it. even if you make mistakes, you can learn from them later.
chris2var
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Re: Learn to trade! Whats the most important bit

Unread post by chris2var »

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
Den
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Re: Learn to trade! Whats the most important bit

Unread post by Den »

For me I had to learn to control my emotions due to the fast moving 1 min TF and then understand who I was. b-( 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
Consolidation periods are quicksand for suckers.
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tfilipe
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Re: Learn to trade! Whats the most important bit

Unread post by tfilipe »

I would have to say discipline...!
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arnoprofits
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Joined: 22 Apr 2012, 22:43
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Re: Learn to trade! Whats the most important bit

Unread post by arnoprofits »

immy wrote:What is the most important aspect of the process of learning to trade better?
Assuming you know the setup!
To manage my emotions: Fear - Greed and disappointments......and my commitment and discipline !!
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