[Tams]

Originally Posted by Stockaddict »

Is there anything you did to change your trading 360 degrees? I am sure most of us has started by losing money.
What is it that you did in order to change from a losing trader to a profitable one?
I would love to read your comments.

I stopped arguing with the trend.



.

[sep34]

Enough screen time with my trading plan/strategies which created a solid ground to stand on durring the realtime fast paced action of what is intraday trading. Simply, confidence in what your doing and knowing there is very little if any ambiguity, which is directly linked to sticking to a method and staying committed for X period of time.

X varies from person to person.

[ant]

When I embraced the fact that trading is a game of probability and started to think in terms of probabilities/odds instead of trying to predict the market.

[b4gt]

I turn 360 degrees every day. I always start with a new idea and end up right there where I started. I really have to find a way to stop at 180 degrees.

Sorry I couldn't help myself.

[taq]

when I became true chartist.

The Chartist's Prayer

May my assessment of today's price action be based upon the facts, all of the facts and nothing but the facts. May I not be influenced by fear, greed or the ill advised comments of others, which may be made in their interests and not in my own. May I take into account the past history laid before me on this chart and make my assessment based on my knowledge and logic, and not on my emotions.

TAQ

[jonbig04]

I nominated BFs post because I believe he did a great job in succinctly explaining, but not over simplifying it. I know this couldn't really be tested, but I wonder if there is a correlation between how much you know about trading, and how well you actually trade. I bet there isn't. I would guess that out of all the great traders out there, some of them are avid chartists, and some of them are just following a simple plan. I think one of the many pitfalls in trading is becoming to enamored with the analysis, caught up on working so hard and...well, over thinking it until it become harder than it should be and thus making success all the more elusive.

I know a certain person (haha if he reads this he will know) that will say: "sellers are having to auction the lower side in order to find adequate buying interest", instead of saying "oh yea price dropped". Not that that matters, but I do think we spend so much time working hard and so much time marveling at how difficult trading can be that we forget that we can do it. We build it up to this monumental task achieved by only a few elite, chosen ones; that we make it harder on ourselves.

Just my opinion.

[Head2k]

Originally Posted by jonbig04 »

I know a certain person (haha if he reads this he will know) that will say: "sellers are having to auction the lower side in order to find adequate buying interest", instead of saying "oh yea price dropped".

Actually there is a significant difference in those 2 statements. The second statement describes a fact, while the first statement assigns a meaning to it. And that meaning carries some implications. I know the person in question and I think it is great that he thinks in this way. Because even if you just say "oh yea price dropped", you should know what does it mean to you and what implications it carries in a provided context. And by saying what he is saying he bears this in mind. He is not only describing what's happening, he is interpreting it. Or at least that's how I see it.

[86834]

For me personally... listed below

1. Ditched the indicators
2. Put the effort in and learned how to read price action and momentum
3. Gave the market my full attention from open to close, what i mean by this is that i stopped messing around with music and websites when it got quiet. There's always money on the table to take.
4. I stopped basing stuff on volume. Someone that i used to trade with ages ago, who did really well out of trading, always used to say that it was a load of bollox's that price follows volume. For me it took a long time for me to realize this, and my trading changed dramatically when i just focused on how price was trading.
5. I started off really young, and i'm still young now in the grand scheme of things, but as grew up a little bit and matured more, that took me from a good trader to a great trader.