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How do you know your a experienced trader?
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Member Since Aug 30, 2011 73 posts
Benjamin Nathan (benbakhsh)
Dec 07 2011 at 11:42
When you have made mistakes, maybe lost some $$ but have learned from each one and never repeated.
Also when you can instantly take a trade that is within your strategy without hesitation or the worry of will this win or will it loose. Also if that trade looses and the next one after you can carry on consistently without becoming an emotional wreck... and of course make consistent profits.. while taking full responsability for any transactions, that is not blaming or resenting the market for any wins or losses... the market is indifferent about us so we should be indifferent about the market. Thats just my opinion though. Trading is not about Wins and Losses, it's about Income and Expenditure" |
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Member Since Jul 15, 2011 3 posts
burningpepito
Dec 08 2011 at 09:36
(edited Dec 08 2011 at 09:38 )
I totally agree, but I would add : you know you are an experienced trader simply when you understand your best 'ennemy' is neither the market nor other traders but you. That is to say when you know if you can strictly follow your trading strategy and money management. That is why I trade automatically with Expert Advisors for example...
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Member Since Aug 30, 2011 73 posts
Benjamin Nathan (benbakhsh)
Dec 08 2011 at 10:35
Very true - taking responsibility for any outcome - its a must.
Trading is not about Wins and Losses, it's about Income and Expenditure" |
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Member Since Apr 01, 2011 12 posts
henrygothie
Mar 26 at 08:59
apart from discussing strategies, rules and anything else, hen i make at least 25% of my account each month with basically zero risk, i know i`m a good trader :)
cheers and respect to all the good traders out there! |
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Member Since May 30, 2010 64 posts
Voffi (Voffi)
Mar 26 at 09:03
henrygothie posted: apart from discussing strategies, rules and anything else, hen i make at least 25% of my account each month with basically zero risk, i know i`m a good trader :) cheers and respect to all the good traders out there! Basically 0% risk..? You must be a legendary trader! A person is only limited by the thoughts he chooses. |
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Member Since Apr 01, 2011 12 posts
henrygothie
Mar 26 at 09:30
i`m not legendary.
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Member Since May 30, 2010 64 posts
Voffi (Voffi)
Mar 26 at 10:20
A person is only limited by the thoughts he chooses. |
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Member Since Mar 26, 2012 1 posts
PIP TEACHER (PipTeacher)
Mar 26 at 23:32
Hello Everyone!
My name is Denis and I am new here! Been trading forex since 2004. Very interesting question:' How do you know your a experienced trader? ' I will try to add my answer as contribute to this subject! Well, there are so many things which I could mention but what is the essence? Essence is the edge! If you can explain to someone else 'mathematical edge' and 'price behavior in time manner' so clearly that he can understund and trade accordingly after 20-30 days then I would say for that person that he is experienced trader. The best way to explain to your self is to explain to someone else!!! That is maybe the reason why is there so many false teachers out there!!! It is most important to have your risk setup to zero! |
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