Patience is a valuable asset in trading. Profit cannot be made if the trader is not patient. So it is necessary to create a trading strategy by controlling the mindset.
Jul 22 2021 at 07:13
@AliaDare I would like to add discipline to patience. I would rather say patience and discipline are two of the most valuable assets in successful trading.
Jul 22 2021 at 12:31
Most of the time that I trade, I strive to improve my own trading systems and I even had to change my trading style from fundamental long-term to medium-term trading. And now my system is working successfully and collecting investments.
It is important to understand the basic aspects and principle of the financial markets, and then with the professional approach, any system, if used correctly will work.
It is important to understand the basic aspects and principle of the financial markets, and then with the professional approach, any system, if used correctly will work.
@Marcellus8610
MarcellusLux posted:
Most of the time that I trade, I strive to improve my own trading systems and I even had to change my trading style from fundamental long-term to medium-term trading. And now my system is working successfully and collecting investments.
It is important to understand the basic aspects and principle of the financial markets, and then with the professional approach, any system, if used correctly will work.
So are all your trades based solely on fundamental analysis? I find it difficult to actually trade based on that alone
whitneytyler posted:Very true! Discipline is very important aspect when it comes to making a successful trading
@AliaDare I would like to add discipline to patience. I would rather say patience and discipline are two of the most valuable assets in successful trading.
whitneytyler posted:Exactly, any strategy can be used in trading, but these important issues need to be maintained.
@AliaDare I would like to add discipline to patience. I would rather say patience and discipline are two of the most valuable assets in successful trading.
Jul 23 2021 at 12:18
CatWalker posted:No, but it was the basis. I changed from fundamental basis to technical and also duration has been changed.MarcellusLux posted:
Most of the time that I trade, I strive to improve my own trading systems and I even had to change my trading style from fundamental long-term to medium-term trading. And now my system is working successfully and collecting investments.
It is important to understand the basic aspects and principle of the financial markets, and then with the professional approach, any system, if used correctly will work.
So are all your trades based solely on fundamental analysis? I find it difficult to actually trade based on that alone
@Marcellus8610
Jul 23 2021 at 12:28
AliaDare posted:Yes. You are absolutely right.whitneytyler posted:Exactly, any strategy can be used in trading, but these important issues need to be maintained.
@AliaDare I would like to add discipline to patience. I would rather say patience and discipline are two of the most valuable assets in successful trading.
Jul 23 2021 at 13:31
-Tested Strategy
-Mindset
-Right psychology
-Money Management
-Patience
-Mindset
-Right psychology
-Money Management
-Patience
Experience is the hardest teacher because she gives the test first, the lesson afterward.
AliaDare posted:Yes. You are right. Without patience, no trader can survive in this risky market.
Patience is a valuable asset in trading. Profit cannot be made if the trader is not patient. So it is necessary to create a trading strategy by controlling the mindset.
@FedericoLin Yes you are absolutely right. Along with those quality one needs to know when to trade and when to sit out and observe the market.
Jul 24 2021 at 12:04
Bela_fx posted:If I trade without managing discipline, it is not possible for me to trade by maintaining success.whitneytyler posted:Very true! Discipline is very important aspect when it comes to making a successful trading
@AliaDare I would like to add discipline to patience. I would rather say patience and discipline are two of the most valuable assets in successful trading.
Jul 25 2021 at 15:32
LukeRachel posted:Bela_fx posted:If I trade without managing discipline, it is not possible for me to trade by maintaining success.whitneytyler posted:Very true! Discipline is very important aspect when it comes to making a successful trading
@AliaDare I would like to add discipline to patience. I would rather say patience and discipline are two of the most valuable assets in successful trading.
Completely agree with this. It is key to have discipline and also a plan for every aspect of your trading
CraigMcG2020 posted:Thanks, everyone. Trading without a plan is complicated.LukeRachel posted:Bela_fx posted:If I trade without managing discipline, it is not possible for me to trade by maintaining success.whitneytyler posted:Very true! Discipline is very important aspect when it comes to making a successful trading
@AliaDare I would like to add discipline to patience. I would rather say patience and discipline are two of the most valuable assets in successful trading.
Completely agree with this. It is key to have discipline and also a plan for every aspect of your trading
FedericoLin posted:Nice list and I would like to add some little point, if you wish to get your strategy well used constantly, you should change it when the market changes or use an additional strategy, system and plan.
-Tested Strategy
-Mindset
-Right psychology
-Money Management
-Patience
Having the right mindset and testing out the strategy as much as you can to improve trading skills can be proven to be useful
I think that the best strategies will work in all markets. The strategy should automatically be able to adapt for different markets conditions
CatWalker posted:Yes. To make good money, you need to make a good trading strategy.
I think that the best strategies will work in all markets. The strategy should automatically be able to adapt for different markets conditions
CatWalker posted:In order for the trading system to work in different conditions, it is necessary to create a certain set of algorithms. It is a complex process that requires a local approach and I have seen few traders who are able to tune the system so well. For example, with high volatility and directional movement, you can use levels theory, oscillators, trend indicators, but with horizontal movement, patterns and breakout rules. In addition, risk management will be different.
I think that the best strategies will work in all markets. The strategy should automatically be able to adapt for different markets conditions
Jul 29 2021 at 10:38
@LukeRachel I completely agree with you that discipline is one of the most vital aspects of trading. Undisciplined trading would make it very difficult to manage risk and result in a loss most of the time. Also to keep in mind that disciplined trading would always result in a profit but it reduces the chances of loss.
