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| Discuss Trading for a Living at the Trading Psychology within the Traderji.com - Discussion forum for Stocks Commodities & Forex; My humble views...... Trading for a living requires a lot of discipline. It also requires ... |
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| Trading Psychology Discuss the psychological aspects of trading such as fear, greed and discipline. |
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#1
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My humble views......
Trading for a living requires a lot of discipline. It also requires a lot of streets smart if you trade discretionarily. One thing that many beginners missed is a basic concept of having multiple setups learned and practiced correctly. Many beginners misunderstand that they can master a single setup and then can trade for a living. That is not likely the case. For each specific setup, you need to spend time to understand its reasoning behind, learn the chart pattern available in historical charts, and then practice in real-time or at least using simulation so that you know how to handle the setup in all possible situations. |
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#3
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#4
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Wrong ofcourse. One can trade a single setup and make consistent money.Actually thats the best way to trade if your setup occurs frequently and you are disciplined about taking them.
CV ![]() |
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#5
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yes true and mastering a core concept is a key to make money in speculation consistently. |
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#6
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Also its necessary that the 'core concept' is as close to market reality as possible i.e price, volume, trend, sentiment etc. CV ![]() |
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#7
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sorry..i am commenting ...
core concept is itself lot of amalgumation of lots of idea... in which one suitably choose the structure by which he[believes]shall win min requirement... 1]investment experience...2yr 2] gambling experience... 6month 3] trading experience.. 1yr 4]role of observer ... 2yr 5] amalgaming mentally[betterif written ]...6month YES NOW U R READY.. depending upon your success/ failure..natural inclination your base/ core belief/self mastery.. must know @which condition you succeed[u r better than others] @ where u shall suppossed to fail @ how much uncertainity u can tackle oilman5 |
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#8
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Great stuff,CV/Amarnath Saint |
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#9
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True.
Regards, Kalyan. |
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#10
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Quote:
Regards, Kalyan. |
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