While wishing you all God’s continued blessing, may be you would like to share here what you believe was the most important lesson you learned in 2016.
Trade safe and prosper.
The most important thing I learned in 2016, not really learning it newly but reinforced in 2016 is: Master your own trading system and strategy.
I think the best thing I learned in 2016 was how to handle my greed, as I finally started closing my positions on time.
Very good! We all have to be disciplined traders to succeed. Trade safe and prosper.
I agree, discipline is one of the main qualities a trader needs to cultivate in order to succeed. Patience is the other.
Timing your trade entry is a key part of trading discipline. No matter how good a set-up is, if the timing is wrong you may end up having a losing trade. Trade safe and prosper.
What has changed recently in the way you trade?
I have learnt 1 I know nothing about trading. That is why I am here. 2 Trade on virtual money till I do know something and have a proven system.
We all started from somewhere. Hope you learn the right trading skills and develop a disciplined approach to trading, particularly learning to be patient in trading. Trade safe and prosper.
What has changed recently is in the way I analyse the market. I now incorporate market mode in my analysis and set trade scenarios that consider both the market mode and the market direction.
I have learned to listen. Like the owel. “The wise old owel. The less he spoke the more he heard. The more he heard the less he spoke. Why cant we be like that wise old bird.” I wish to be a wise old owel.
Listen to what? Selective listening, selective attention. Imho, you decide what you really need to listen to based on what you want to achieve in your trading. Trade safe and prosper.
[B]Just Sharing[/B]
You can gain a profitable edge in the market through proper planning. By taking time during the weekend to analyse the market, create trading scenarios, plan your strategies and trade accordingly you would sooner than later become consistently profitable. Trade safe and prosper.
Could top down trend analysis improve your trading? Check this video for a perspective.
Trade safe and prosper.
I made a load of mistakes while starting Forex trading a couple of years ago. If I were to advise a newbie, I will have to say that security of trading capital should be the utmost consideration. The money will come after mastering an efficient trading system and trading in a disciplined, patient manner. Trade safe and prosper.
I wish I had stuck with forex when I first started out years ago.
Nothing too late, you still can make your share out from the market but this time i better suggest to be consistent and concentrate on your trading business. good luck!
Very much in agreement with you on this. Also, CR should never be eager for quick profit; patient and careful trading, with full understanding of the market and how to trap it, is important.
I agree, it’s never too late to start trading, nor is it ever too late to start learning something new and develop a new skill.
And talking about skill improvement, continuous learning is key. A reason why we should be reflecting on what we learned recently and what we should be doing differently. So, what has any of us on this forum learned recently for better trading? Trade safe and prosper.