What Trading Is

Discussion in Psychology and Money Management

Updated January 7, 2016

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What Trading Is

January 7th, 2016, 02:21 PM

#11 (permalink)

deaddog

Prince George BC Canada

Experience: Advanced

Platform: National Bank Direct

Broker: NBD/BMO/Questrade

Trading: Stocks

Frequency: Every few days

Duration: Weeks

Posts: 1,508 since May 2013

Thanks Given: 275

Thanks Received: 4,803

Anagami

There are successful traders who make less when they are right than they lose when they are wrong.

I'm sure there are; Larry Connors RSI2 system comes to mind. However cutting winners short and letting losers run does not sit well with me.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard

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January 7th, 2016, 03:01 PM

#12 (permalink)

trendwaves

Florida

Legendary Market Wizard

Experience: Advanced

Platform: NinjaTrader 8

Trading: ES, NQ, CL

Posts: 703 since Dec 2012

Thanks Given: 2,898

Thanks Received: 2,525

Trading is being patient, while not in a trade, and waiting, and waiting some more, for your trade opportunity to develop.

Trading is being patient, once in a trade, and waiting, and waiting some more, for the eventual outcome to be fully revealed.

Be Patient and Trade Smart

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January 7th, 2016, 03:07 PM

#13 (permalink)

Scalpingtrader

Hanover, Germany

Legendary Amateur Trader

Experience: Beginner

Platform: NinjaTrader

Trading: ES

Posts: 1,941 since Apr 2014

Thanks Given: 3,144

Thanks Received: 5,148

trendwaves

Trading is being patient, while not in a trade, and waiting, and waiting some more, for your trade opportunity to develop.

Trading is being patient, once in a trade, and waiting, and waiting some more, for the eventual outcome to be fully revealed.

I like this approach to it very much. Hits my week spots perfectly.
Well... today... I was not that trader

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