Do you think having a good system can make you trade for living?
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Dislikedit's not enough to have good strategy. the most important is experience and keep calm your emotions. I have friends, I gave them some good profitable strategies, but they was losing anyway. I allocate a certain amount and trading accounts. Put 5% on each of them and go all in. profitIgnored
DislikedAlthough experience is a single word, it involves everything a trader will pass through in the trading journey, especially the sensation of market direction, not to enter the market at this time, this happened before don't repeat same mistake, repeat same winning entries, at end history always repeat itself but in other circumstances if not similarly in life just as price action does in market trading.Ignored
DislikedDo you think having a good system can make you trade for living?Ignored
Disliked{quote} No. I think "having a good system" is very, very low on the list (if it's there at all) of attributes which enable people to trade successfully for a living. I think issues like trading-education, understanding, experience, patience, discipline, and so on, are overwhelmingly more significant. "Systems" don't really make money: people do. I'd back someone with real trading-education, understanding, experience, patience, discipline and no system, over someone with "a good system" but without those attributes, any day of the week. The latter...Ignored
Disliked{quote} No. I think "having a good system" is very, very low on the list (if it's there at all) of attributes which enable people to trade successfully for a living. ......Ignored
Disliked{quote} No. I think "having a good system" is very, very low on the list (if it's there at all) of attributes which enable people to trade successfully for a living. I think issues like trading-education, understanding, experience, patience, discipline, and so on, are overwhelmingly more significant. "Systems" don't really make money: people do. I'd back someone with real trading-education, understanding, experience, patience, discipline and no system, over someone with "a good system" but without those attributes, any day of the week....Ignored