Quote from: Vaculin on April 14, 2019, 11:14:21 PM

Quote from: carlisle1 on April 14, 2019, 12:11:29 PM

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.

Very well said, these 4 things could really give motivation and giving an idea to traders especially those people who are new to this venture on how to become a successful trader in the near future. But traders should not only focus on this things as there are still many things that they need to consider on dealing with it.

Yes. I still believe that above all, experience still matters the most. Even if you don't have great knowledge in trading but you keep on experiencing trading with its losses and winnings, you still learn the most from the lessons it brings and the longer years you keep on experiencing trading, the better trader you will be in the future.

You are right. The experience does not make you lose even if in real situations, you indeed lose the money. But if you can learn from the losses and you still try to rise from those losses, I am sure that the losses will give you the best lesson which you don't realize before. And from experience, you can back to make a profit, and moreover, you can cover the loses.