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Defination of a Good Trader?

forex_trader_48574
Sep 24, 2011からメンバー
47 投稿
Oct 09, 2011 at 08:11
Sep 24, 2011からメンバー
47 投稿
As for me,
A good trader is a trader that always stick to his or her plans, like taking lose when it is due, and always knows he or she cant win all the time, but always have the winning trades exceeding the losing trades i.e the sum of all winning positions, after subtracting the losing positions, u still have profits.
Make ur own defination
A good trader is a trader that always stick to his or her plans, like taking lose when it is due, and always knows he or she cant win all the time, but always have the winning trades exceeding the losing trades i.e the sum of all winning positions, after subtracting the losing positions, u still have profits.
Make ur own defination
Oct 06, 2011からメンバー
1 投稿
Aug 06, 2010からメンバー
159 投稿
Oct 13, 2011 at 18:08
(編集済みのOct 13, 2011 at 18:09)
Aug 06, 2010からメンバー
159 投稿
A good trader is someone who can execute a simple strategy with consistent positive results and who has patience and perseverance to stay the course. A good trader knows that the road to success is a steady walk uphill, and that the danger of losing it all is just one step away. A good trader recognizes that success is measured by proven risk management techniques, and by letting go of feelings to execute trades with asset preservation in mind. It is better to cut a losing trade lose than to hold on to it and drag every penny into darkness.
Take your profits while you can or the market will take them from you
Nov 07, 2011 at 02:26
Jul 06, 2011からメンバー
28 投稿
SaltyWaters posted:
Based on what I've read around I rather start my view (not definition) with what is a bad trader. 😄
A bad trader is one who doesn't succeed in making money even though he has read all the books about trading and belongs to a group of people who agree with him and call themselves "the good traders" or the guys who know how to do it the way it should be done (they usually have nothing to show) but they still struggle to break even or they still end up losing.
He applies the rules he believes should make a good trader (e.g. tight SL) and tries to define a bad trader, usually setting the standards of trading or even teaching others (e.g. selling books that define what is a good trader) - pointing out things he sees on other traders that he can't do himself because he has no skill or he is a "chicken" like trading without a SL or using a martingale strategy, grid, etc...
He often forgets the ones who succeed in this game are usually the ones who don't do what everybody else is doing. Because they have the "Guts" or the "Balls" to do it.
A good trader is one who makes money trading regardless of his style or strategy be it orthodox or not. He knows that there's plenty of wannabes out there that don't agree with him and will try to put him down by calling him names (e.g. gambler) or trashing his method (e.g. it will blow soon or later). He doesn't give a shit for what others say or do. He believes in himself and his strategy. He may be able to take more heat than others before chicken out and let the DD go deeper in order to get what he wants. He knows the risk involved and he is willing to take it. He will take the money and run when the time comes and bank the profits. Here he will laugh at the "barking dogs" that say he is not a good trader then indifferently he will go back for more.
He is an individual that knows the risk involved in trading and he knows that he will win some and he will lose some sometimes but he keeps his equity growing.
A good trader knows that better than to be a "good trader" is to be a "Money Maker" and that is his ultimate goal.
In the end of the day the name of the game is "make money" - and if you can have fun doing it is even better 😄.
Cheers,
Salty
Thank you salty....nice one :)
Ini uang benaran bukan daun jambu
Nov 02, 2011からメンバー
54 投稿
Nov 07, 2011 at 04:21
Nov 02, 2011からメンバー
54 投稿
SaltyWaters posted:
Based on what I've read around I rather start my view (not definition) with what is a bad trader. 😄
A bad trader is one who doesn't succeed in making money even though he has read all the books about trading and belongs to a group of people who agree with him and call themselves "the good traders" or the guys who know how to do it the way it should be done (they usually have nothing to show) but they still struggle to break even or they still end up losing.
He applies the rules he believes should make a good trader (e.g. tight SL) and tries to define a bad trader, usually setting the standards of trading or even teaching others (e.g. selling books that define what is a good trader) - pointing out things he sees on other traders that he can't do himself because he has no skill or he is a "chicken" like trading without a SL or using a martingale strategy, grid, etc...
He often forgets the ones who succeed in this game are usually the ones who don't do what everybody else is doing. Because they have the "Guts" or the "Balls" to do it.
A good trader is one who makes money trading regardless of his style or strategy be it orthodox or not. He knows that there's plenty of wannabes out there that don't agree with him and will try to put him down by calling him names (e.g. gambler) or trashing his method (e.g. it will blow soon or later). He doesn't give a shit for what others say or do. He believes in himself and his strategy. He may be able to take more heat than others before chicken out and let the DD go deeper in order to get what he wants. He knows the risk involved and he is willing to take it. He will take the money and run when the time comes and bank the profits. Here he will laugh at the "barking dogs" that say he is not a good trader then indifferently he will go back for more.
He is an individual that knows the risk involved in trading and he knows that he will win some and he will lose some sometimes but he keeps his equity growing.
A good trader knows that better than to be a "good trader" is to be a "Money Maker" and that is his ultimate goal.
In the end of the day the name of the game is "make money" - and if you can have fun doing it is even better 😄.
Cheers,
Salty
Very well said Salty--My kind of trading!!
Trade the plan that works for you!!
Nov 10, 2011 at 22:38
Nov 03, 2011からメンバー
56 投稿
There is no good trader until he/she retires from trading and have maded profits while he/she was trading. A "good trader" can blow out his/her accounts anytime as long as he/she is actively trading. Do we see enough of this kind of good traders?
Of course, a "bad" trader can make profits as long as he/she keeps learning and stop trading when he/she make some profits.
Of course, a "bad" trader can make profits as long as he/she keeps learning and stop trading when he/she make some profits.
I love taking risk with the right returns.
Dec 01, 2011からメンバー
92 投稿
Jan 17, 2012からメンバー
14 投稿
Jan 21, 2012からメンバー
9 投稿
Feb 01, 2012 at 07:21
Jan 21, 2012からメンバー
9 投稿
I would stipulate that a good trader is a professional, and a profy is never a gambler but an extremely well educated generally and financially expert who feels the market deeply and sticks to the strategy he developed. And, as a profy, this trader firmly understands that money management is the fundamental aspect of safe trading and the compony safety. I would prefer to work with a client with the capital at least 50 - 100 times the margine for a lot traded. And risks are the lower the higher the timeframe is, which also affects the requirements for the money invested.
everything is very simple, you just have to guess

forex_trader_28881
Feb 07, 2011からメンバー
691 投稿
Feb 01, 2012 at 10:52
(編集済みのFeb 01, 2012 at 10:54)
Feb 07, 2011からメンバー
691 投稿
A true professional doesn't feel the market anything. Those days are long gone. He writes a algorithm that interprets the data correctly and logs in from his phone on the beach from time-to-time to see how much money he's made so far today, and if everything is still on.

forex_trader_32776
Mar 28, 2011からメンバー
942 投稿
Feb 01, 2012 at 19:06
Mar 28, 2011からメンバー
942 投稿
You couldn't have said it any more subtle
TheCyclist posted:
A true professional doesn't feel the market anything. Those days are long gone. He writes a algorithm that interprets the data correctly and logs in from his phone on the beach from time-to-time to see how much money he's made so far today, and if everything is still on.
Jan 21, 2012からメンバー
9 投稿
Feb 02, 2012 at 07:12
Jan 21, 2012からメンバー
9 投稿
No doubt, a good algorithm, a good expert advisor is a very useful thing. Automatical trading could be much helpful. But any machine does only the things a person tells it to do in such and such circumstances and situations. Nothing more. So it would win money when you would yourself and lose it when you would yourself, becourse it is the algorithm you wrote. So still I would stipulate that a good trader is a profy, never a gambler, but an extremely well educated generally and financially, firmly understanding that money management is the fundamental aspect of safe trading, feeling the pulse of the market and having developed a profitable strategy. Only having all of this components assembled one can write an algorithm to earn money. I use automatical trading as well as manual and find it much more interesting then using them separately.
everything is very simple, you just have to guess

forex_trader_28881
Feb 07, 2011からメンバー
691 投稿
Feb 02, 2012 at 10:20
Feb 07, 2011からメンバー
691 投稿
Jesse,
You don't understand mate.
For a modern pro there is no decision making process or this or that circumstances. The only thing that influences profitability is volatility. All circumstances are profitable and the speed of said circumstances determines how profitable.
You don't understand mate.
For a modern pro there is no decision making process or this or that circumstances. The only thing that influences profitability is volatility. All circumstances are profitable and the speed of said circumstances determines how profitable.

forex_trader_32776
Mar 28, 2011からメンバー
942 投稿
Feb 02, 2012 at 11:36
Mar 28, 2011からメンバー
942 投稿
I'm no pro and I've honestly hated mt4 for a very long time so I know what you're saying. I see how mt4 limits a strategy's potential and how it hinders the success of automated systems and manual traders for that matter. However, there is one factor and one factor only why MT4 is worth while. Popularity. Because of solely this, I've been able to learn from examples that I would never have been able to learn something like this before ( coding).
I understand the difference in opinions as what Jesse and PipG said. I'd say there is some truth in both. For example, There is a long narrow road that you can head down for automation like a neural net- AI, HFT. But how far down the rabbit hole do you want to go?
While Jesse's approach is logical for new programmer/experienced trader. You take what you know and use programming to act on your behalf. Anyways this is my approach because I'm an inexperienced programmer.
a long story short, PipG is right, a true professional wouldn't use MT for anything and levels of automation are just as deep as levels of experienced traders.
I understand the difference in opinions as what Jesse and PipG said. I'd say there is some truth in both. For example, There is a long narrow road that you can head down for automation like a neural net- AI, HFT. But how far down the rabbit hole do you want to go?
While Jesse's approach is logical for new programmer/experienced trader. You take what you know and use programming to act on your behalf. Anyways this is my approach because I'm an inexperienced programmer.
a long story short, PipG is right, a true professional wouldn't use MT for anything and levels of automation are just as deep as levels of experienced traders.

forex_trader_32776
Mar 28, 2011からメンバー
942 投稿
Feb 02, 2012 at 11:39
Mar 28, 2011からメンバー
942 投稿
Vlad197299 posted:
Only having all of this components assembled one can write an algorithm to earn money. I use automatical trading as well as manual and find it much more interesting then using them separately.
This is our approach because we're probably both manual traders from the beginning and after so much screentime we know its just a matter of time of taking our personal experience and turning into an automated approach.
Feb 05, 2012 at 17:16
Jan 14, 2010からメンバー
2279 投稿
I hate too much automation as IMHO it can lead us to this:

or something similar but still not very appealing.
I wonder what those guys in big corporations think when they cut and cut work force and increase level of computerization and automation. Finally, who is going to buy their stuff if everything automated. I strongly believe our current economic predicaments are to the great extent caused by automation that was gutting job markets for decades. Those jobs gone and hamburger flipping ain't going to make a good substitution.

or something similar but still not very appealing.
I wonder what those guys in big corporations think when they cut and cut work force and increase level of computerization and automation. Finally, who is going to buy their stuff if everything automated. I strongly believe our current economic predicaments are to the great extent caused by automation that was gutting job markets for decades. Those jobs gone and hamburger flipping ain't going to make a good substitution.

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