I caught one last night, pretty interesting. Might go back to...

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dmsmi1

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20/11/20

08:17

Post #: 49007697
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Originally posted by float^: ↑

When you watch those vids, you may get the impression that you have to code up a backtestable system.... and that's not correct. There are successful traders out there who have never used backtesting software. But there are a few things I've noticed successful traders have in common:

1. a very high level of concentration and patience
2. an eye for detail, even down to the tick. These guys notice everything.
3. a precise set up that they follow every time
4. an exit strategy for every trade - they don't enter without knowing exactly what they'll do if it moves against them.
5. they keep records and are very organized
6. they enjoy the process and are positive about what they're doing.

There's probably a lot more requirements. Unfortunately I lack a few of these, but it's possible to be strong in some areas and still do ok. You can see on those vids the degree of sophistication some of them undertake. These are the guys taking everyone else's money.

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I caught one last night, pretty interesting. Might go back to the start and go from there I think.

Id agree with your list, and yes I only have a few. Ive had more success with ST trading rather than DT so I might continue to learn and apply lessons learnt to further improve on the ST side stick to what is working.

I like that you put patience at #1. Think we could all agree we can get bored occasionally and deviate from best laid plans. And surprise - has a lower success rate than following the plan.

Appreciate you sharing some resources and more importantly your time and effort.
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