Thursday, 12 October 2017

successful ,profitable and professional traders

Professional traders  find trading is boring , because they rarely trade  and are usually bored with the market.The market rarely offers them good exciting trading opportunities ,they don't exist everyday or every week in the markets , they are sitting bored.Professionals understand trading psychology , mistakes that traders make and they keep trading simple.Professionals make fewer mistakes and they have a good trading plan.

Amateur  idiots don't understand scalpers ,daytraders and trend traders  have odds stacked against them  , these trading methods  are not suitable to make money.They can't time the markets and markets trends fail 80% of the time .They trade scalping several times a day , trend trading and losing 80% of the time due to their mindsets .They do not understand trading psychology , and why the human brain is wired to lose in the markets.Amateurs make many more  mistakes.Amateurs lack a good plan.

Professionals trade psychologically correct method with an edge , amateurs trade methods and systems that are detrimental to their success.These amateur methods arouse psychological demons and cause them to make a lot of mistakes.

Planning and executing involve different skills that draw upon different parts of the brain. Planning the trade is largely a function of your intellect, the prefrontal cortex PFC. You create your plan in a relatively calm state of mind with your PFC in charge. But when it comes time to execute the plan, other areas of your brain will become involved.

Traders have zero edge , unless you have a mental edge .All your delusional edges are worth zero , if you can't execute your edge.This is a statement according to Mark Douglas.He preached patience, discipline and eliminating errors.

Warren Buffet strategy indices BUY THE DIP

Forex professional strategy how professionals trade forex

Mark Douglas - MIND OVER MARKET (Full length Interview)

"No man ever reached to excellence in any one art or profession without having passed through the slow and painful process of study and preparation," he wrote.

Here is something else he wrote on the secret to success.

"If there is such a thing as a secret to the nature of trading, this is it: At the very core of one's ability 1) to trade without fear or overconfidence, 2) perceive what the market is offering from its perspective, 3) stay completely focused in the "now moment opportunity flow," and 4) spontaneously enter the 'zone,' it is a strong virtually unshakeable belief in an uncertain outcome with an edge in your favor.

Price action relies on timing the markets , but this has been proven to be too difficult for most , according to this article below and free google searches .

Price action relies on being reality with the markets , and this article on t2w examines whe traders are not in reality with the markets.

The third most important reason is , traders using subjective price action most are set to be defeated with mind traps , there is thread on it in the psychology section.Human mind traps are the same , if applied to trading or any other activity.

In conclusion Mark Douglas, one of the greatest trading educators and authors of our time , taught us the opposite of the fake philosophy for trading genuises who only sell education, but can't trade .His 10 rules contradict with the application of price action education of James 16 .

1. Be rigid with rules, flexible with targets. 

2. Focus on opportunities that provide an edge.

3. Trade free of expectations of being right or wrong. 

4. Synchronise your mind to the truth of the market.

5. Beleive in uncertanity (The market can do anything)

6. Be flexible so as to perceive with the greatest degree of clarity and objectivity of what the market is offering from its perspective. 

7. Be careful what you project into the future because nothing has got the potential to create more misery and unhappiness than unfulfilled expectations. 

8. To make money, trade without fear but also overconfidence. 

9. The degree to which you think you know, or assume you know or need to know what is going to happen next, equals to the degree you will fail as a trader.

10. What you perceive in the market is limited to what you know less that what is blocked by fear.

Wired To Lose – The Psychology of Trading
Trading Mindsets is 80 % of Success

Realtime Execution Blundering Traders

Mistakes make losing traders

successful traders don't have time to post on forums.
Forum losers' Content contributions are mainly short and useful for creating high advertising impressions . but nothing for the successful traders , but everything for forum losers.

Successful traders have an enlightened trading nirvana mindset.

Here Below  are links to profitable trading strategies created by Foroom lluzers (real name:forum loser).These strategies are free and have to be learnt.These are the strategies carrying professional level trading.

You can also go to youtube , by searching on google , with any word from the following threads and on the stock charts site .The example is , I want to find reliable support and resistance , and youtube comes up with the following video.


Strategy 1  on trade2win forum
                A strategy for trading Dax /Dow making 100 ticks a week on average .
                20 /30 profitable Dow Dax weekly 100 ticks profit

Strategy 2  on trade2win forum
                A stock trading strategy with options trading
                       775% profit option trade set and forget

Strategy 3  on trade2win forum
                A futures trading strategy with options trading
                 D t profitable weekly straddle strategy

Strategy 4  on trade2win forum
                A trend trading support  strategy for stocks trading
                profitable support and resistance trading on stocks

Strategy 5  on trade2win forum
                A trend trading support  strategy
                high probability trend trading

Strategy 6  on trade2win forum
                A trend trading currencies strategy
                high probability trend trading for currencies
                How professionals trade forex

additional threads of use


               t/a Market timing versus predicting roulette
               Trend trading failure of trend breakouts

Most back testing is useless

80 % fail at trend trading

Technical analysis :useless junk science

Is Technical Analysis a Waste of Time?

Is Technical Analysis a Waste of Time?

Why 80% fail at using a trend following technique to trade the forex  see video below

Why is high probability trading so important?

Why is high probability trading so important?

profitable traders profitable trading system profitable trading method LEARN THE TRUTH HERE!………free profitable trading education site

Learn the truth about profitable successful & professional indices stock market index trading.Learn for free what profitable traders do. Free learning site for traders to learn profitable trading. SITE UPDATED REGULARLY WITH NEW ADDITIONAL METHODS AND TRADING IDEAS

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