At last: Found the only way to make consistant profits

hunter

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Finally, I think I am there.
The quest to find a method to earn consistent profits with minimum risk has ended convincingly.

Yes, I have found, trialed, experienced the little secret behind all those successful trading legends.
There aren't many secrets. Just only one!

In order to find it I had to do two important things.

1. Learn as much as possible. Try all possible ways. Learn and study again and again. Learn myself and learn from others. Learn and learn until there's nothing left to study. Yeah, until you're sure there's nothing left.

2. Let go everything. Yeah, just throw everything away. Let go all techniques of FA, TA, trend analysis and pattern recognition blah blah. Just let go the two biggest enemies in your mind; greediness to earn profits and fear to take losses.

Above two steps brought me to the little secret behind success, which is so obvious to winners but all losers are blind to.

I am sure you can do the same.

PS: If you're interested, we can have a longer discussion on this.

stumpy

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Still I can remember the day I realized this ultimate truth! It was a great Eureka moment! Reminded me Conwell's Acres of Diamonds [Think & Grow Rich - Napolian Hill]

"There's no any holy grail for Investing or Trading !!!"
That's the Secret!
Boss,
Just watch "Kung Fu Panda" the movie Very Happy

hunter

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stumpy wrote:Still I can remember the day I realized this ultimate truth! It was a great Eureka moment! Reminded me Conwell's Acres of Diamonds [Think & Grow Rich - Napolian Hill]

"There's no any holy grail for Investing or Trading !!!"
That's the Secret!
Boss,
Just watch "Kung Fu Panda" the movie

Good try mate.
But sorry, that is not the answer.
There IS one little secret. Jut one!
Common to all successful traders in the long run.

Just one!!

The books may give many reasons behind success. Many method. But, I found, all of them boil down to just one method. There is only one ultimate primary method. I have proven it to myself.

In my view, There do exist a holy grail for both Investing and Trading. AND I have found it at last.

Last edited by hunter on Thu Apr 05, 2012 10:22 am; edited 2 times in total

sriranga

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Agreed.

Thanks.

stumpy

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Common Sense !!! Very Happy

hunter

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stumpy wrote:Common Sense !!!

Nope!

stumpy

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mmm.... ehenam ayyama kiyannako balanna! Very Happy

hunter

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I am talking of a
specific, quantifiable practice to be adopted by one's entire trading (investing) carrier.

All successful traders follow this.
All losers ignore this.

In fact, this is quite contrary to common sense.

(We are having a power cut now. I'll give details as soon as power comes back)

yellow knife

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hunter go on ...i agree with your 2 steps above...i dont think one can ever finish learning..i too read lot of books ta and fa...Napolean Hill, robert kyosaki, robin sherma, zig zagller...no end and even little bit academic types like jim collins...i learn a lot ,,,I can remember i was reading Your first million" ...there was a nice statement it said you will never become poor by making profits...so i was seriously thinking about my east west share then which i bought at 10.10 from rights...it was trading at 25.90 then....i thought pf the nice statemetn of the book ...so i sold bagged profit to find the share has gone up to 50 within next two days....so my learning is never ending...books too influece a lot...

yet eager to know your superb finding

Kumar

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"Plan a Trade and Trade a plan"
IMOH own strategy is the best medicine.

hunter

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(Power came..)

Ha haaa yellow knife!
You've already said what I was going to talk about.

Anyway, I will take a longer path. (Stumpy, thanks for keeping me interested in typing this)

I have found an article with a list of commons factors of successful traders
(http://www.solerinvestments.com/Online-Trading/Stock-Traders.htm)

There is a list.
However, there is only one single primary factor common to all traders.
All other factors are just results of that primary factor or differ from one trader to another.
For example, if we take the trading system, it varies from one trader to another. In fact there could be complete opposite systems working fine for different traders.

Here is the extract;

------------------------------------------------------------------
There are common factors, which can be observed through most of the successful Trader Legends:

They have a System which they strictly follow.
Most of them have a trend-following trading style.
Most of them have a mid- to long-term approach.
They have no fear and greed mentality.
They have absolute discipline and stick 100% to their system.
Their trades are fully planed; they are prepared for all scenarios in advance.
They know that a system goes through bad times and good times. Cut losses early and let profits run.
Their systems fit to their personality.
----------------------------------------------------------

In the above list, there lies the single common factor which can make all the difference between making your portfolio double within a year or loose half of it.

Guys, now it is a no-brainer. Can you guess what it is?

It looks so insignificant. And sounds so indifferent. Easily overlooked. But has all the power to make the difference.

What is it?

suja

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the second one, is it from the book trend followers. Caution gain 100% or loose 50%.

hunter

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suja wrote:the second one, is it from the book trend followers. Caution gain 100% or loose 50%.

Nope!
I would say trend following is part of the system one can adopt. Which can differ form one to another. That is a good system to follow. But is not the common factor I found.

swan03

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I think the 3rd one. They have no fear and greed mentality.

hunter

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swan03 wrote:I think the 3rd one. They have no fear and greed mentality.

Nope!
It's true that I am referring to mid/long term here. But what I am talking about is a common practice we can adhere to.

sriranga

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For me one and only one weapon in investing or trading success is
"Can do attitude".

swan03

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hunter wrote:

swan03 wrote:I think the 3rd one. They have no fear and greed mentality.

Nope!
It's true that I am referring to mid/long term here. But what I am talking about is a common practice we can adhere to.

Their trades are fully planed; they are prepared for all scenarios in advance.

Universalgoal

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i have greed and fear mantality cat

hunter

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swan03 wrote:

hunter wrote:

swan03 wrote:I think the 3rd one. They have no fear and greed mentality.

Nope!
It's true that I am referring to mid/long term here. But what I am talking about is a common practice we can adhere to.

Their trades are fully planed; they are prepared for all scenarios in advance.

Almost there. But, in my view, this happens as a (secondary) result of the primary practice I am talking about.

swan03

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sriranga wrote:For me one and only one weapon in investing or trading success is
"Can do attitude".

Yeah, this one also need.

Universalgoal

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Hunter so exiting to know your tactic

hunter

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Universalgoal wrote:Hunter so exiting to know your tactic

It's not mine. It's successful traders'.
It's openly given in the above list. But, at the same time, it looks so hidden.

swan03

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hunter wrote:

swan03 wrote:

hunter wrote:

swan03 wrote:I think the 3rd one. They have no fear and greed mentality.

Nope!
It's true that I am referring to mid/long term here. But what I am talking about is a common practice we can adhere to.

Their trades are fully planed; they are prepared for all scenarios in advance.

Almost there. But, in my view, this happens as a (secondary) result of the primary practice I am talking about.

Universalgoal

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hunter wrote:

Universalgoal wrote:Hunter so exiting to know your tactic

It's not mine. It's successful traders'.
It's openly given in the above list. But, at the same time, it looks so hidden.

Hunter tell the truth if not we all comming your HOME Very Happy

swan03

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Patient is the Key.

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At last: Found the only way to make consistant profits

1 At last: Found the only way to make consistant profits Thu Apr 05, 2012 9:46 am

hunter

2 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 10:01 am

stumpy

3 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 10:06 am

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4 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 10:17 am

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5 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 12:16 pm

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6 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 12:43 pm

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7 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 12:57 pm

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8 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 1:12 pm

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9 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 1:15 pm

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10 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 1:54 pm

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11 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 2:01 pm

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12 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 2:23 pm

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13 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 2:28 pm

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14 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 2:44 pm

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15 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 2:47 pm

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16 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 2:49 pm

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17 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 2:53 pm

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18 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 2:55 pm

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19 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 2:57 pm

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20 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 2:57 pm

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21 Re: At last: Found the only way to make consistant profits Thu Apr 05, 2012 3:00 pm

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