Contribution to a traders success

jain.er · Dec 15, 2011

Hi all Just wan to start a discussion regarding to what contributes to a traders success most

1. System/Technical/Fundamental
2. Money Management
3. Psychology or the mindset

In my opinion

System is 50%
MM is 30%
Mindset 20%

Opinions invited....

Smart_trade · Dec 15, 2011

jain.er said:

I would put the % as under :

1) System /strategy/method....30 %

2) MM .................................40 %

3) Psychology/mindset/willingness to change quickly ......30 %

Smart_trade

NTrader42 · Dec 15, 2011

Well . . .

its not addition, its multiplication that we are supposed to do here

Efficiency of (Method * Mind * Money) Management

Even when everything is top notch i.e. say 80%, the total efficacy of your trading will be just 51.2%

Cheers :lol:

Sunny1 · Dec 15, 2011

System is 20%
MM is 30%
Mindset 50%

jain.er · Dec 15, 2011

NTrader42 said:

good one ...... LOL

Even when each attrib is 80% total efficiency is just 50% thats so true.....

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Contribution to a traders success

jain.er

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Smart_trade

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NTrader42

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Sunny1

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jain.er

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