rin4et said: "Think like a combined hippy gypsy
Post# of 27052
"Think like a combined hippy gypsy and war general."
The key to making money trading is to stay ahead of the herd /majority.
Therefore I would love to hear what you do to stay ahead of the herd. The devil is in the details.
There is no secret to staying ahead of the market herd -- you just have to take the necessary Risks/gains, and have the skill and experience and mindset to execute/time/manage those trades.
You won't get ahead of the herd, or market, by being diversified in stocks...or using that 2% of account per trade rule.
You have to trade aggressively, yet calmly and skillfully. The power of compounding...it's the 8'th Wonder of the World.
Trade to be Elite. don't trade to just be average or have safe/tiny gains.
Good luck on refining and polishing your crystal ball. Because that's everything.
Think like a combined hippy gypsy and war general.
Trading is complex. It's not enough to simply say the Herd is wrong. On the contrary, I think the herd is right. But they can still fail, and most do.
Most traders are like amateur bank robbers or thieves who fail to plan, and get experienced and wise and sober and control their emotions and other variables.
The best way to learn about this stuff is to speak with a successful trader.
But just like the trading world, the online world, has 99% of people who are full of stuff -- or couldn't make a profitable trade if their life depended on it.
There's only one game in town, as far as I'm concerned. -- and that's being able to predict/trade/manage the S&P 500, SPY, daily. and compound that. options/leverage/futures on that. that's essentially nuclear fission of trading.