Reliable approach to Trading

Discussion in 'Day Trading' started by suri112000, Oct 11, 2015.

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On your path to successful in trading?

  1. Blown my 1st trading a/c

    38 vote(s)
    29.7%
  2. Blown my 2nd trading a/c as well

    32 vote(s)
    25.0%
  3. Blown my 3rd trading a/c and more

    53 vote(s)
    41.4%
  4. Burnt fingers subscribing to Tips providers, Buy/sell softwares, seminars

    26 vote(s)
    20.3%
  5. Learnt trading on my own

    75 vote(s)
    58.6%
  6. Learnt trading through a mentor

    13 vote(s)
    10.2%
  7. Learnt trading from Internet

    73 vote(s)
    57.0%
  8. Learnt trading from books

    38 vote(s)
    29.7%
  9. Had made losses for less than 3 years before succeeding

    29 vote(s)
    22.7%
  10. Made losses for more than 3 years before succeeding

    40 vote(s)
    31.3%
Multiple votes are allowed.
  1. inder1964

    inder1964 New Member

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    i m trading since 2008, but till date total losses.
    xan anyone share his/ her views, how to make out of it:mad::mad::mad::mad::mad::mad::mad::mad::mad:
     
  2. dumbtrader

    dumbtrader Member

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    VJAY and TradeOptions like this.
  3. TradeOptions

    TradeOptions Well-Known Member

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    Thanks for sharing the info DT, but when I click on the link at the Very Top of that page, displaying "Register for Session" then nothing seems to happen. Just the same page get refreshed and no registration page etc. shows up :confused:

    Thanks and regards
     
  4. dumbtrader

    dumbtrader Member

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    On the same page Right hand side. There is a "Save your spot now".Enter the required details and you get registered for the webinar.
     
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  5. Dom Perignon

    Dom Perignon Active Member

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    Hello everyone

    successful just keep it simple...;)
    my tools: strategy-plan-psychology-money management
    one can't do without the other....

    IMO that is good base to have success then from that there are all the other tasks (discipline-knowledge - capital and so on)

    IMHO trade a strategy that fit you ... I am a scalper 1° then day trader (longer time frame) making few centsss but I wasn't good on swing-long :)
     
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  6. goldenedge

    goldenedge Active Member

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    To beginners and people who lose money,

    1) Why do you trade: Do you do it to make money and get rich fast? or Do you love the thrill it gives? Or are you a degenerate gambler?

    If your answer is yes to any of the above then you won't make money.

    2) What is your mindset: Do you hate yourself for getting emotional and trading impulsively? Or Do you try hard to control your emotions all the time? or Do you believe that psychology is the biggest hurdle to trading?

    If your answer is yes to any of the above then you won't make money.

    3) Trade and money management: Do you have a mark to market (realtime) profit/loss tab open? Do you calculate the estimated loss before you place a trade? Is your average profit / average risk(for the last few months ) positive? You don't have a strong entry and exit strategies. Right?

    If the answers is yes to any of the above then you won't make money.

    4) Other questions: Do you maintain a journal? Do you have a very specific ritual (notes) that you read before trading? Do you do weekend analysis of each and every trade you made over the last week? Do you trade consistently even after you hit a homerun or a huge loss?

    If the answers are no then you won't make money.


    I've tried to include most of the beginner questions. Hope that helps. Hit me up (or check my blog linked below) if you have stuff you want to ask me.
     
    Last edited: Jan 9, 2017

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