Trade What You See, Not What You Think Message Board

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Strategies & Market Trends : Trade What You See, Not What You Think

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To: Apakhabar who wrote (584)	5/11/2001 6:36:43 PM
From: Threei	Read Replies (1) of 867

The more I think about it... What is it really that makes a difference between winning and losing trader? As you pointed out (and I completely agree with it) trading does not require extremely high level of intelligence. It doesn't take a rocket scientist to learn major patterns. Besides the fact that many systems work pretty well and the fact that the same system works for some and doesn't work for others indicate that good system is not the major factor that warrants success. But if it's about talent I am having hard time trying to imagine what kind of talent it could be. It seems to me that it's not about talent... it's about self-control. It's enough to realize what correct mindset for trading is and learn to control oneself to not deviate from this model, and trading success should come. Talking to traders in our room every day I hear over and over again: "I know what to do... I just can't make myself always do it. I know what not to do - I just can't seem to stop myself from doing it". Those traders that overcame the struggle also refer to learning to control themselves as a reason for success. Many mention the trading system as a factor but noone said that system was hard to learn or to understand. Example (oversimplified of course): no trader blames his/her lack of understanding where to place the stop... but many complain about inability to keep the stop. Thinking it over again and again, I don;t see anything more than self-control that would be imperative for trading success... But, as usual, I accept the possibility that others see what I don't... Thoughts? Vadym

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