Page 1 of 2 12 LastLast
Results 1 to 10 of 12
  1. #1
    Silver Member Array
    Join Date
    Jun 2009
    Posts
    249
    Thanks
    2
    Thanked 15 Times in 3 Posts

    Re: 15 Rules of a Successful Trader

    thank you indo-investasi... now i become a better trader...
    Last edited by dr0o69; 08-07-2010 at 12:26 AM.

  2. " "
  3. #2
    Silver Member Array
    Join Date
    Aug 2008
    Posts
    117
    Thanks
    6
    Thanked 0 Times in 0 Posts

    Re: 15 Rules of a Successful Trader

    Just like to add one more, if I may:

    Clean up your charts. Too many indicators will drive you crazy.

    After 5 years of trading, I've come back to the basic, HH HL, HL, LL and trend lines. I've also appreciate people telling me to learn candle stick and price action.

  4. #3
    Standard Member Array
    Join Date
    Jan 2010
    Posts
    1
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Re: 15 Rules of a Successful Trader

    It's hard to comment on this when the rules are removed. Anyone knows or can repost?

    Ice

  5. #4
    Standard Member Array
    Join Date
    May 2009
    Posts
    6
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Re: 15 Rules of a Successful Trader

    I agree. can someone repost? never hurts to read more success rules! hehehe

  6. #5
    Standard Member Array
    Join Date
    Jan 2010
    Posts
    9
    Thanks
    0
    Thanked 1 Time in 1 Post

    Re: 15 Rules of a Successful Trader

    Quote Originally Posted by Mentos
    Just like to add one more, if I may:

    Clean up your charts. Too many indicators will drive you crazy.

    After 5 years of trading, I've come back to the basic, HH HL, HL, LL and trend lines. I've also appreciate people telling me to learn candle stick and price action.
    Mentos,
    I could not agree less with you. Keep it simple. Indicators come and go but the simple things has always stand the test of time. If you have too much food at home you might still be hungry, why? Because you are confused on what to eat and same-thing with plenty of indicators, you might still find yourself making wrong trades because you have too much people to listing to now and you can't think straight. It is called Analysis Paralysis. The cure? Purge yourself of all the fancy indicators, less is better.

  7. #6
    Moderator Array trduraikamaraj's Avatar
    Join Date
    Sep 2009
    Location
    salem, india
    Posts
    1,014
    Thanks
    568
    Thanked 2,035 Times in 602 Posts
    keep charts so simple,
    follow one or two indicators ,
    finding reliable patterns,where it occurs is important,
    finding trends and not trade against them,
    consider daily high & lows ,pivots & support resistance,trend lines,
    a brake out trade must be conformed after the pull back completes,
    make use of 38.2% fibo retracement rather than 61.8%,
    dont forget golden rule buy at low sell at high,

    all above mentioned can become useless when tsunami ( ecnomic data) occures,

  8. #7
    Gold Member Array
    Join Date
    Mar 2010
    Posts
    279
    Thanks
    193
    Thanked 562 Times in 151 Posts
    here it is, titled,
    40 of the rules of trade in the stock market from A. Laputin
    download links,

    http://www.multiupload.com/L0159WHXJG

  9. #8
    Wahahaha Array chankl78's Avatar
    Join Date
    May 2009
    Location
    Singapore
    Posts
    1,518
    Thanks
    180
    Thanked 267 Times in 123 Posts
    Blog Entries
    93

    Trading Mistakes

    Found it in another forum.
    Trading Mistakes

    The following list contains the most common trading mistakes that we will cover in this article.

    1. Not using a “trading plan”
    2. Not having a money management game plan
    3. Not using protective stop loss orders
    4. Closing winning trades early and letting losing trades run
    5. Overstaying your position
    6. Averaging a losing trade
    7. Increasing your risk with success
    8. Overtrading your account
    9. Failure to take profits from your account
    10. Changing your trade plan in mid-trade
    11. Not having patience
    12. Not having discipline
    Hope it helps too to be a successful trader.

    Smile
    Chankl78

  10. #9
    Wahahaha Array chankl78's Avatar
    Join Date
    May 2009
    Location
    Singapore
    Posts
    1,518
    Thanks
    180
    Thanked 267 Times in 123 Posts
    Blog Entries
    93

    Are you a good Trader?

    Are you a good Trader ?

    These days everyone interested in Trading the FOREX MARKET wants to be a Forex Trader.
    To determine if you will be a good trader, ask yourself the following questions...

    A Person who has a good chance at being a successful trader has the following attributes.

    Is properly capitalized - enough money to trade and survive.
    Treats Trading as a Business.
    Has a low tolerance for risk.
    Trades only when the market provides an opportunity.
    Can control your emotions.
    Has a Trading Plan.
    Has a risk management plan.
    Is incredibly disciplined.
    Is focused.
    Has back tested his trading methodology.

    A Person who has a good chance at failure has any of the the following attributes.
    Is undercapitalized.
    Lacks discipline.
    Overtrades.
    Does not understand the markets.
    Rushes into trades.
    Chases the market.
    Is afraid of missing a move.
    Is stubborn and marries a position or idea.
    Misinterprets the market news.
    Is always looking for home runs.
    Lets losers get too big.
    Takes winners prematurely.
    Takes trading too lightly.
    Takes large risks.
    Has little control of his emotions.
    Found it from another website.

    Smile
    Chankl78

  11. #10
    Standard Member Array
    Join Date
    Jun 2010
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Quote Originally Posted by Mentos View Post
    Just like to add one more, if I may:

    Clean up your charts. Too many indicators will drive you crazy.

    After 5 years of trading, I've come back to the basic, HH HL, HL, LL and trend lines. I've also appreciate people telling me to learn candle stick and price action.
    I agree with you on this one, in my case my best way of knowing if an indicator is working is to see it being used to trade live .Makemoneycurrencytrading dot co dot uk is a good resource as they run a live portfolio based on their indicators. So you can actually see if it is making money.
    Likewise Blogs/forums like this one are usually good resources too.

Page 1 of 2 12 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •