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TradersCALM - Most Common Features © "Dedicated to trading with good feelings." All services are free. |
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What is the single most common characteristic of the losers of the trading game? The losers tend to predict market movements and so frequently concentrate on one market or on one approach to many markets. The prediction process tends to involve ego and traders ego often gets in the way of winning. For those with sufficient skill to make profits using predictive approaches, eventually many find difficulty in keeping their profits. What is the single most common characteristic of the winners of the trading game? The winners are most often those traders who respond to markets. So winners often seem to employ more than one style of trading; trade two or more markets for each trading style; use position sizing to even out profits. The biggest winners and keepers of profits (and so many of the biggest trading accounts) use at least one trading style requiring entry at multiple price points - it is perhaps no coincidence that humility rather than ego is often required for such approaches as market making and arbitrage. What is the second most common characteristic of the winners of the trading game? The biggest winners tend to love their trading. If you love getting out of bed, or back from lunch to trade and feel in the flow when trading, and love learning new aspects of the trading game - then you love your trading. |
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