Feb 20 2009
Who is successful trader OR real trader? The best post ever made….
So many times a question is being asked by many that who is best trader or how is best trader or real trader defined? Is it with winning ratio or something else? Does it include number of trades taken or else?
Well i have answered them in different ways but surfing through forex forums i found this amazing and beautifully quoted post from one of the really successful traders and i am putting that in font of you for you must read it…
“Is a real trader someone that takes 2 or 3 trades a month and goes months without a loss?
Is a real trader someone that trades 1 hour and sits up all day and night losing all of there money over and over?
Is a real trader someone that takes 20 trades a day trying to eek out a living after taxes and commissions?
being a real trader does not mean a thing to me. i am only interested in one thing. am i successful trader? Is how I am trading producing consistent positive results and making money ,is it working in all market conditions. sideways and trending?
Am i consistently taking money out of the market and does my method allow me to ignore market condition or movement?
I am not interested personally in trying to win 60 percent of the time and using good MM to make it work.
I am interested in going months without a loss and days if not weeks if I am day trading.
Markets change and if you dont use a method that can ignore market changes and win a very high percentage of the time your going to lose especially if your day trading.
Trading is hard for those of you with small accounts and a lack of discipline. Dont feel bad i have been there.
Trading is not hard for those with large accounts because when 2 or 3 trades a month makes you 200 pips total and its worth more than what your regular job pays in a year waiting and being disciplined is easy.
i heard Rob Booker say one time that virtually every system ever developed could be successful if an ultra disciplined approach was used and only 2 or 3 of the best set ups a month were taken. i agree but with one addition.
Lets go back to the 2 or 3 trades a month statement i made earlier. YOU MUST UNDERSTAND BEING STOPPED OUT AT BREAK-EVEN IS NOT A BAD THING.
I rarely let a trade run off of a DAILY chart more than 30 or so pips without moving my stop to break-even and taking some profit, because i am ultra ultra picky its almost a 100% guarantee that i am rarely going to lose trading like that.
Whats going to happen is this- i am going to get stopped out a lot but when that 1 in 5 runs for a 100 pips or more i am going to bank 10 or 20 grand.
I took 3 trades in January and all were winners. 1 of them i posted here. They were dirt simple high odds trades. 2 of the 3 i took partial profit at roughly 30 to 40 pips and was stopped on the rest. 1 of them ran i think about 100 pips to a strong s/r area and i got out.
i day trade the mini dow with the same thought process. where most are taking 15 trades a day i am taking 1 or 2 if that.
It is VERY VERY difficult for a small account holder to trade like this. I
KNOW FROM EXPERIENCE.
Very very few people trade like i do.
I am not worried about ratios or winning percentages.
I am focused on not losing.
Not losing is not hard if your focus is directed with common sense and refusing to let a winner turn into a loser. Trading just to trade is not common sense and hoping for more is how you let winners turn into losers.
I will take my 2 or 3 forex trades a month along with my other ultra careful trading and keep waking up every morning with the freedom to do what i want.
–Jim “
So are you eligible to call yourself a successful trader or the real trader?
Still in dilemma? Then read this post again and again till you find the answer!







































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