Post
Topic
Board Trading Discussion
Re: If you want to be successful in trading..
by
cindygirl
on 09/03/2018, 18:57:11 UTC
I have seen a tip from somewhere that in order for you to be become successful always in your trading, you have to to a sniper rather than a machine gunner.. If you trade always see all opportunity, every indicator, every momentum, etc. before starting to trade. Don't be hasty to trade every signal day. You just have to find that one trade that can bring you good profits and not painful losses.

I don't agree with this 100% because I think you can be successful in trading frequently but I think for newcomers it's very good advice. Instead of looking for a good trade to make each day do not restrict yourself to have to make trades. Look for the best opportunities and if there are not any on that day then do not make any trades.
For both the newcomer and long time trader I agree to what the OP said because no one is perfect and if you don't take a step at a time, you'll need up been greedy which will eventually lead to regret.

There's a difference between taking one step at a time. I think the distinction comes from having better judgment when you're more experienced. It's a lot easier to correctly spot a glaring opportunity but these will be less frequent and that's why it's important to take your time as a newcomer. But with more experience you can spot some less obvious opportunities and so you'll have more opportunities overall to trade.