pipsmasterone

My two pips I totally agree that once you have a profitable trading strategy, you should keep it to yourself. Like few others on this thread ,I spent a few years developing a strategy that works for me and for me only, will it work forever? I don't know, but as long as its working, I will continue to use it. It was mentioned before on this thread - the key is to develop your own strategy (edge) based on your own experience and knowledge, in my opinion, it is the best advice that a successful trader can give to a trader that wants to be successful. Why some profitable traders read and comment on blogs such as this one without disclosing their strategies? Here are my reasons: no single trader ever took me "under his wings" and told me exactly what to do (including my personal friend who made millions in the markets) but they were always clues in what they all said, I learned that they were always pointing me in the right direction but left it up to me to develop my own methodology. They all carefully listened to what I had to say about the markets even though they were making a lot of money and I did not at the time,why? perhaps they could learn something new from me since they were fully aware that markets do change. Cheers

I am a firm believer that in order for an approach to work. you absolutely must design it to compliment your personality otherwise you will always be in an internal conflict with yourself, Easier said than done - Its a process that can take years. Is it possible to win on most trades? yes its possible, even with respectable profit to loss ratios. Think of the market as of a jungle where each and every living thing is trying to survive and thrive in the environment. Through perseverance, experience(luck of not being eaten first- lol) and through keen observation one can develop an edge (unfair advantage) over others. Just like in nature - in the markets(which is nature after all) no edge stays an edge forever, its all part of an evolutionary process. There you are, I said too much already, I am cutting my own branch that I am sitting on.

Hello All Having traded for almost three years as a "full-time" trader, I am of the opinion, it is one of the hardest endeavors you can ever undertake, Its true that most traders will never acquire the mindset and skills necessary to do well in this business, however, if you can dig deep in your psyche, you will realize the emotional toughness and discipline that is required to succeed, if you can do that, it will lead to a path of self discovery in its purest form, anyone that's been there will understand exactly what I mean, to others it will only be a cliche, Good luck