New posts

Reply to thread

Message

System trading
Often people think about all the technical information available but "fail to appreciate" one of the most important aspects of becoming a successful trader - "personality traits".

Grasping new information
Personality has a lot to do with new traders’ ability to grasp & properly execute new trading information. What seems natural to many long-term traders seems alien to a beginner. Those members who make educational posts try to explain what makes a stock move, then go on to explain why.

Slow down the learning
New traders who don’t expect too much too soon, those who understand learning the business of trading takes time, money, & experience tend to survive in this game.

Being compulsive
Many new traders make the mistake of bringing a gambling mindset to trading. However, this mindset can wipe out your trading account quick smart. If you are serious about trading, then changing this mindset is vital. You must never forget that the objective of trading is making a profit. Not only does that mean learning a winning trading methodology, but it also requires careful risk assessment, disciplined money management, emotional & behavioural discipline, with the ability to execute a trading plan flawlessly, as if they were an art form.

In a nutshell
Trading is predicting the value of a security sometime in the future.

Skate.

<blockquote data-quote="Skate" data-source="post: 1116398" data-attributes="member: 57364">System tradingOften people think about all the technical information available but &quot;fail to appreciate&quot; one of the most important aspects of becoming a successful trader - &quot;personality traits&quot;.Grasping new informationPersonality has a lot to do with new traders’ ability to grasp &amp; properly execute new trading information. What seems natural to many long-term traders seems alien to a beginner. Those members who make educational posts try to explain what makes a stock move, then go on to explain why.Slow down the learningNew traders who don’t expect too much too soon, those who understand learning the business of trading takes time, money, &amp; experience tend to survive in this game.Being compulsive Many new traders make the mistake of bringing a gambling mindset to trading. However, this mindset can wipe out your trading account quick smart. If you are serious about trading, then changing this mindset is vital. You must never forget that the objective of trading is making a profit. Not only does that mean learning a winning trading methodology, but it also requires careful risk assessment, disciplined money management, emotional &amp; behavioural discipline, with the ability to execute a trading plan flawlessly, as if they were an art form.In a nutshellTrading is predicting the value of a security sometime in the future.Skate.</blockquote>

[QUOTE="Skate, post: 1116398, member: 57364"] [B]System trading[/B] Often people think about all the technical information available but "fail to appreciate" one of the most important aspects of becoming a successful trader - "personality traits". [B]Grasping new information[/B] Personality has a lot to do with new traders’ ability to grasp & properly execute new trading information. What seems natural to many long-term traders seems alien to a beginner. Those members who make educational posts try to explain what makes a stock move, then go on to explain why. [B]Slow down the learning[/B] New traders who don’t expect too much too soon, those who understand learning the business of trading takes time, money, & experience tend to survive in this game. [B]Being compulsive [/B] Many new traders make the mistake of bringing a gambling mindset to trading. However, this mindset can wipe out your trading account quick smart. If you are serious about trading, then changing this mindset is vital. You must never forget that the objective of trading is making a profit. Not only does that mean learning a winning trading methodology, but it also requires careful risk assessment, disciplined money management, emotional & behavioural discipline, with the ability to execute a trading plan flawlessly, as if they were an art form. [B]In a nutshell[/B] Trading is predicting the value of a security sometime in the future. Skate. [/QUOTE]

Verification