Path to Consistency

Subhadip

Well-Known Member
#2

Tuna

Listen and act, don't ask it, it doesn't oblige
#6
In trading Consistency is the most important thing..

What do u guy say about it?

How many of you have done consistently?
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.
 

Subhadip

Well-Known Member
#7
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?
 

travi

Well-Known Member
#8
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.
 

Subhadip

Well-Known Member
#9
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 really mgmt kicks in.
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..
 

Subhadip

Well-Known Member
#10
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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