Best traders: How to detect them?

This question could sounds simple but i would like of know: What the big difference between winners/losers traders?

Lets discuss the FA and TA also.

Some traders ignore FA because the media not always is true in your news... Anyway, one sum of Patience + Experience + Knowledge is required.

If the success had one equation, how would you write?

Regards.

2:1 reward to risk ratio, 42% or more winners, risk no more than 2% on any trade, look for where the loser will lose, know the market structure, fundamentals move the markets, tech tells you where its going, always have a stop to ensure your 2:1 reward to risk ratio.

Hi,

Trader found his way to win OVER TIME is a good trader. it does not matter TA or FA.

Just look at sharpe ratio. Mine is 1.45. Most mutual funds are @ 0.2-0.3 on average. Hedge funds varies, those quant funds are at 20+ apparently...But funds like Soros or Paulson are at 0.5-0.8?

Repco posted:
Just look at sharpe ratio. Mine is 1.45. Most mutual funds are @ 0.2-0.3 on average. Hedge funds varies, those quant funds are at 20+ apparently...But funds like Soros or Paulson are at 0.5-0.8?

I think you'll find that hedge funds are trading with leverage of way under 10:1... and players like Soros probably are restricted to less than 5:1

Its difficult to make 10% a month with 2:1 leverage.

pt49 posted:

Repco posted:
Just look at sharpe ratio. Mine is 1.45. Most mutual funds are @ 0.2-0.3 on average. Hedge funds varies, those quant funds are at 20+ apparently...But funds like Soros or Paulson are at 0.5-0.8?

I think you'll find that hedge funds are trading with leverage of way under 10:1... and players like Soros probably are restricted to less than 5:1

Its difficult to make 10% a month with 2:1 leverage.

You remember how Soros broke the Bank of England? His position on FX across the board was 20:1 before equities. Hedge Funds actually do have 45X

Guys, at least like beginner i am developing my intuition sense... i don't know that only the reason could give considerable returns but experienced plus the instinct of a good trader.

I love to use fundamental analysis... more than TA, but usually markets turns volatile under a couple of words.
To be prepared to the risk of loss makes necessary as much as to stay psychologically calm with price variation have been separated the traders: winners and losers.

I am training to be winner: obviously.

I will repeat my initial question...: If the success had one equation, how would you write?

Igor123472 posted:


I will repeat my initial question...: If the success had one equation, how would you write?

success = overcoming your (fear of loss + your greed) - your ego x patience

thx 😄

Igor123472 posted:
I will repeat my initial question...: If the success had one equation, how would you write?

Buy time, hedge everything.

Bah can't edit a post, it should have read...

Buy time + hedge everything = confidence

Succes = (Absolute Profit - Absolute losses) > Desired Profit
something like that :)

Financialarts, do you mean you get success only if you get more than desired profit? I don't think so. It just proves that you can't plan well results of your trading) If you get some profit for a long time, it's already the success.

Dude thats what I said

What YOU plan as profit as profit doesn't mean anything. When you expect something to happen, it then means your trading with bias. You take what the market gives you, and try to be as least bias as you can be. Withdraw as much as you can. That is the only way to last long in this market.

thats what i'm saying

STrange how everyone tries to analyse and figure out what is a good trader and what systems they use. Some may even ponder why you dont see these super beings on the forums and if there is a holy grail in trading. As a trader for almost 5 years ,i can tell you there is no secret or system only endurance.

Do what the turtles do by sticking to the system. You have to bench mark your system and change it all the time. There is no set system on the planet. Its all about dynamics and you can spot these traders by their opportunistic nature, its like business people some know when its a good deal and may even jump out of its comfort zone to get there. They get burned but always make a plan to heal their wounds. These traders are the traders that find a solution to a problem and just know when to get out. Its like riding a bicycle at hi speeds, you know how to ride the bike but you will fall off and even more so at higher speeds.

Stop searching for answers and trade because you love it and be dynamic, and dont look at my profile because i still suck at it but i know i will be dynamic and profitable in the end because i love trading. Maybe the answer to your question is ' The successful trader is the trader that loves trading more than life itself'. Good trading

pietpip posted:
Maybe the answer to your question is ' The successful trader is the trader that loves trading more than life itself'. Good trading

Good point, only for the successful trader trading is a life already.

Look at the win-percentage of the trades, simplest way.