Path to Consistency

Discussion in 'Derivatives' started by Subhadip, Feb 24, 2017.

  1. Subhadip

    Subhadip Well-Known Member

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    Dear Friends,
    I am starting a new thread for discussing Trading journey- Path to consistency.

    Lets Start....the journey.
     
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  2. Subhadip

    Subhadip Well-Known Member

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  3. Subhadip

    Subhadip Well-Known Member

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    Every one know method -whichever u can tell.

    But still 95% are failing...

    Why?
     
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  4. Subhadip

    Subhadip Well-Known Member

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    Why 30% earning per year is still a benchmark with large capital?
     
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  5. Subhadip

    Subhadip Well-Known Member

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    In trading Consistency is the most important thing..

    What do u guy say about it?

    How many of you have done consistently?
     
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  6. Tuna

    Tuna Smart Money - 'Wait, I can feel them'

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    Sorry, got it wrong, so re-replying. Well yes. Consistency is the key. I have found that we can maintain a higher rate of consistency of we keep our focus narrow on limited instruments.

    I have checked with many traders, most of them follow a limited system (few only 1 system), and trade on a broader range of instruments. I do the opposite.
     

  7. Subhadip

    Subhadip Well-Known Member

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    Without Consistency, no trader can grow big.

    Our aim should be growing..

    So Consistency is the key.


    Now some where I have heard that, Eighth wonder of the World is COMPOUNDING.

    Am I right guys?
     
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  8. travi

    travi Well-Known Member

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    Yes Da :thumb:
    Compounding is really key to a successful system.
    Just like anyone can start a food store (restaurant etc) or a soap factory or a s/w firm or a clinic but the key is compounding, to turn into multi-M or B organizations.

    Ppl don't get me wrong, its not only about large $$$ but that's when management really kicks in.
    For the path of MacD in a food truck to a multi-B across the world Franchise system, consistency is a must.
     
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  9. Subhadip

    Subhadip Well-Known Member

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    Exactly..why do we trade..very simple...to earn ..

    Our aim should be to trade well & earn big..

    Is not it ?

    but are we doing it consistently?


    Our aim should be to make atleast 30% per year...year after year...

    We can beat the best of the best..Buffet sir..
     
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  10. Subhadip

    Subhadip Well-Known Member

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    I have seen so many system, so many very very good trader also.

    But most of them failed...

    Reason may be due to followings:
    1. Money Management
    2. Trading edge- not having
    3. Not following system
    4. Having no system at all
    5. No Stop loss.
    6.Fear of execution
    7. Greed to earn big- risking Big


    So many of them...

    Now we have to overcome them to be Consistent.
     

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