DislikedQ:
What kind of person can trade?
A:
Absolutely anyone with common sense and a simple grasp of math.Ignored
- | Joined Jan 2009 | Status: Member | 885 Posts
Every time you use 'hopium' in a post, God kills a kitten.
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DislikedQ:
What kind of person can trade?
A:
Absolutely anyone with common sense and a simple grasp of math.Ignored
Disliked
I think anybody can trade who have the following qualities,
1] Patience to learn and understand
2] Cut loss and move ahead starting afresh
3] Trade with head and not with emotionsIgnored
DislikedYou'd be very surprise how many people don't have much common senseIgnored
DislikedI know a lot of women think their main advantage is their lack of ego and testosterone... And I've heard that said about women traders a lot
I also heard that the best combination is a man and woman trading team to give this balance
perhaps the perfect trader looks like this...
And no... thats not meIgnored
DislikedAnyone with enough self-discipline and patience can trade. Also, using a method like price action analysis as taught by Nial Fuller is a great idea too.Ignored
DislikedPrice action trading is really the only way to go if you really want to get to grips with the markets.
Trading prowess has absolutely nothing to do with background or intellect.
You just need bags of common sense, patience and discipline to follow your own trading plan. Put your ego in the trash can........prepare to take more than a few knocks. Pick yourself up and stay positive.
Learn in the safety of a vitual or demo account and practice, practice,practice.
Find out who you are, your trading strengths and weaknesses, stamp out emotion, fear...Ignored
DislikedAbout one and half years ago when Dow was touching 7000, someone told me that Mr. X is down by $5 million (and this amount was way too much for a person like Mr. X).
Few days later, I met Mr. X and asked how much he was down. He replied nearly $6 million (Dow went further down in these few days).
I naturally asked him if he was worried. He seemed a bit surprised at this question and replied "Why would I be worried? I'm not gonna sell my holdings in the next few years, by then market will be up again."
This kind of trader one has to be in...Ignored
DislikedAbout one and half years ago when Dow was touching 7000, someone told me that Mr. X is down by $5 million (and this amount was way too much for a person like Mr. X).
Few days later, I met Mr. X and asked how much he was down. He replied nearly $6 million (Dow went further down in these few days).
I naturally asked him if he was worried. He seemed a bit surprised at this question and replied "Why would I be worried? I'm not gonna sell my holdings in the next few years, by then market will be up again."
This kind of trader one has to be in...Ignored
"Hope... it is the quintessential of human delusions. Simultaneously, it is our greatest strength and our greatest weakness."
Do not hope and pray.
Disliked"Hope... it is the quintessential of human delusions. Simultaneously, it is our greatest strength and our greatest weakness."
The most cardinal rule of trading:
Do not hope and pray.
If you do, you will surely lose.
When it comes to trading... You better be holding for the right reasons and not on hope.Ignored
DislikedI agree. A friend of mine who bought some physical silver recently at $38 just sold it all. I've been holding mine for years, I asked him why he sold it, his only answer was "I freaked out". Pure emotional exits like this almost always take place at the termination point of a major move.Ignored