The single, most important thing you've learnt as a trader

[Mr J]

TH ragging us all is a good thread? :

 

[Atomic]

well in a noob , but DYOR (do your own reserch)
validate your research results
test
re-evaluate outcomes
take action - trade either in/out
define result
more research.

this seems to be cycle just like the markets

Anyhows i bought into Kam74 PTY LTD) in the early days. Watched as it picked up momentum, then the scalpers put some negative spin on the company waited for the dip in sentiment , got sum support from a very good reliable research(Moderator) added 50% to my portfolio of Kam74.
Waited as the market re-evaluated , them dumped at the next high.

Result Kam74 PTYT LTD put on watch list for next swing in market.

 

[Trembling Hand]

TH ragging us all is a good thread? :

I shouldn't of bothered with that post, Just put up these 4 pics,




:bunny:

:bowdown:


:thankyou:

 

[white_goodman]

I shouldn't of bothered with that post, Just put up these 4 pics

:thankyou:

*slow clap*

 

[skc]

I shouldn't of bothered with that post, Just put up these 4 pics,



:thankyou:

Well someone did mention domain name trading can be quite profitable.

BTW TH, can't agree with your blog content.

Go ask 20 successful business owners what is the single most important thing for going into business, and I bet you will get a range of answers not dissimiliar to the list here. You may get "Be profitable", but you will no doubt get stuff like

- Hard work
- Get the right staff
- Great customer service
- Invest in IT
- Establish a brand
- Open everyday at the same hour (alright may be not)

But you are spot on in saying that - certain "things" are most important to the posters because they had struggled and failed at these very things.

 

[Trembling Hand]

BTW TH, can't agree with your blog content.

Go ask 20 successful business owners what is the single most important thing for going into business, and I bet you will get a range of answers not dissimiliar to the list here.

But you are spot on in saying that - certain "things" are most important to the posters because they had struggled and failed at these very things.

Yes but I deeply suspect that these "things" are symptoms rather than causes. That is, if one was not profitable yet started a business, problems will come thick and fast.

With trading its a very simple business, you don't need all the things, staff, customers paying on time etc. You need capital, a market that moves, and an approach to profit from it. Enough has been said about the first two, the last one I believe is the "thing" that people don't work on and that creates all this other gumph.