Quote from: coinfinger on November 08, 2018, 05:20:06 AM

Quote from: ShadowBits on October 29, 2018, 11:25:39 AM

Quote from: analyst100 on October 26, 2018, 05:19:12 PM

THESE 4 TRAITS WILL MAKE TRADERS SUCCESSFUL

If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you're not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it's not. In decades of working with billionaire hedge fund managers and traders, he's found that traders that are passionate about trading don't put in the work and trade too much.

To be successful trading, Dr. Steenbarger has learned:

1.   A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;

2.   Why traders should not just focus on minimizing their weaknesses, but also maximizing their strengths;

3.   A simple trading journal that will help you improve each day; and

4.   That the best traders are ones that embrace losses and use them to become better.

Author: Dr. Brett Steenbarger

Source: https://blog.topsteptrader.com/brett-steenbarger-limit-up-futures-trading

www.tallinex.com wants you to make money from the markets.

Simple way of making yourself a good trader is by losing some of your trades and try to understand everything you have lost and try not to do it again in the future.

Well I slightly differ from this. Dont lose intentionally. You cant make yourself a good trader by losing intentionally and then thinking what are the measures to be taken. Be realistic and put every possible effort to make thing successful. When you lose in this way, you would get to know the potential of your work and how can you tackle these problems next time.

I have ready this earlier that people think if they would lose intentionally to get a better picture of trade it would be best for them. For me, it is not. How can you lose intentionally to just check the loopholes you have in your trade? This might have some positive points but most of the cases, it would destroy your earlier investments.