Page 1 of 6

FOCUS

Posted: Thu Aug 16, 2012 7:26 am
by scratty
Whats the most important target (leads to highest priority :shock:) for a trader?

Posted: Thu Aug 16, 2012 10:28 am
by bettlebox
Hi Scratty

to make a profit :?:

Posted: Thu Aug 16, 2012 11:50 am
by scratty
good start bb!
What is the precondition to make a profit (not on 1-trade base => over time)? What does making profit depends on?

Posted: Thu Aug 16, 2012 12:09 pm
by bettlebox
You must have correct understanding of how the markets move.

So Knowledge is required.

From there a logical strategy can be formulated.

Posted: Thu Aug 16, 2012 1:06 pm
by MightyOne
To be long/short from long term pointy places ;)

Posted: Thu Aug 16, 2012 1:26 pm
by scratty
MO what an honor! Nice to have you on board/thread :smt026

MightyOne wrote:To be long/short from long term pointy places ;)

Posted: Thu Aug 16, 2012 1:29 pm
by scratty
any less market oriented oppinions to start very high level?

Posted: Thu Aug 16, 2012 1:47 pm
by bettlebox
to make money you have to sell (whatever it is) at higher price than you paided for it.

Posted: Thu Aug 16, 2012 2:09 pm
by Braathen
Hey Scratty!

A little less market orientated would be (like your sig says) losing like a pro.
Give them nothing but take everything.

Space/lot managment defently gave me a better edge and has
become one of my highest priority's.

Other then that stamina , patience and a reason why :D

(im sorry if i have misunderstood your topic :D)

Posted: Thu Aug 16, 2012 2:15 pm
by TygerKrane
scratty wrote:any less market oriented oppinions to start very high level?

You need the ability to trade your plan through the difficult times; this is facilitated by a belief in your trading plan.

As MighyOne once said,
    "Money is something that happens to people who do the right things irrespective of short term results."


You can do the right things irrespective of short term results when you have a core philosophy deep in your mind; when you truly believe in your core philosophy, (you can accept losses, b/c you KNOW you are doing the right thing), you can follow your rules systematically, and allow them (read: WAIT for them) to lead you into the opportunities to participate in the market profitably.