What Made You Profitable?

[dalby]

i hired a mentor, and i got serious about my trading. i turned it into a business, not a hobby. that did it

[ItalianSharp]

I agree with almost all the posts above. I'll throw in something that hasn't been mentioned yet and which made a huge difference for me:

ACCOUNTABILITY

You ought to be accountable for your mistakes and errors and learn from them. When I first started off, I used to find justifications outside of my trading plan to explain my losses...I used to say the words "THEY SHOOK IT PRETTY BAD"...or "IT JUST DIDN'T WANT TO GO MY WAY"...or "THIS MARKET IS MANIPULATED BY THE BIG GUYS"...

The difference between now and then is that the above sayings haven't changed, while I HAVE CHANGED. I started to focus on the market and try to learn its behavior...I've been stalking the mkt for hrs, lots of screen time...And more importantly, I started to take responsibility and be accountable for my trading. There no longer is THEY, IT, etc....it's just ME.

[walterw]

	Quote:	ItalianSharp
	I agree with almost all the posts above. I'll throw in something that hasn't been mentioned yet and which made a huge difference for me: ACCOUNTABILITY You ought to be accountable for your mistakes and errors and learn from them. When I first started off, I used to find justifications outside of my trading plan to explain my losses...I used to say the words "THEY SHOOK IT PRETTY BAD"...or "IT JUST DIDN'T WANT TO GO MY WAY"...or "THIS MARKET IS MANIPULATED BY THE BIG GUYS"... The difference between now and then is that the above sayings haven't changed, while I HAVE CHANGED. I started to focus on the market and try to learn its behavior...I've been stalking the mkt for hrs, lots of screen time...And more importantly, I started to take responsibility and be accountable for my trading. There no longer is THEY, IT, etc....it's just ME.

good point Italian ¡¡¡ asuming your responsabilty its a great step too success¡¡ and promotes objective thinking in terms of real world trading...

when you start justificating you automatically become subjective... and being subjective in this bussiness its letal...

nice thread here.... cheers Walter.