prague
Posts: 167 since Jan 2017
Thanks Given: 2
Thanks Received: 47
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sometimes i read funny articles about what it takes to became a succesfull daytrader. it seems like the authors often desribe very simple things in a very sophisticated manner just to impress others..
anyway, im my wiev, all you need to do is to master just two things. not ten, not seven, not three. just two!
1. edge
2. risk
if u dont have an edge (or if you dont know what your edge is), you will never make it. if you have an edge, but dont hold on your risk, you will not make it either.
some people say succesfull trading is about discipline - it is not. it is about edge and risk. discipline comes naturally if you have an edge and risk (and if you are not idiot). if you are an idiot, u deserve to lose.
i am not saying, that trading is not psychologicaly hard. it is. but a powerfull psychology will not make you money in the markets if you dont have a powerfull edge and risk management.
so, the bottom line for everyone who is still seeking the answer: first, find the edge (real edge, not nonsense!!) and second, apply proper risk
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