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4 Basic of a Trader

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alfrz26

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As a Trader I uphold 4 Basic Trading.

1. MONEY MANAGEMENT (MM)
Take into account all the risks and profits of each entry.

2. PSYCHOLOGY
Trading while in a fresh and relaxed mood so that the analysis is on target.

3. MINDSET
Dispose of the ambitious feeling of wanting to get rich quickly from Trading because it will create the opposite result.

4. STRATEGY
Have at least 1 specific strategy or a maximum of 2 so you don't want to learn new strategies that will make all strategies mess.

From the 4 basic trading above, all are interconnected because there will be no Success Trader without applying the 4 basic trading alignment.

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#1 - February 14, 2019, 03:00:45 AM
« Last Edit: July 19, 2024, 09:11:29 PM by Admin »

indra88makmur

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I agree. every trader must be influenced by these 4 things and certainly interrelated between one thing and another. I feel myself if our psycology is disturbed can make our mindset disturbed also in facing a pressure in trading if there is a loss. and of course all of that was felt by other traders too
#2 - February 14, 2019, 04:36:38 AM

ASHfx

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Quote from: alfrz26 on February 14, 2019, 03:00:45 AM
As a Trader I uphold 4 Basic Trading.

1. MONEY MANAGEMENT (MM)
Take into account all the risks and profits of each entry.

2. PSYCHOLOGY
Trading while in a fresh and relaxed mood so that the analysis is on target.

3. MINDSET
Dispose of the ambitious feeling of wanting to get rich quickly from Trading because it will create the opposite result.

4. STRATEGY
Have at least 1 specific strategy or a maximum of 2 so you don't want to learn new strategies that will make all strategies mess.

From the 4 basic trading above, all are interconnected because there will be no Success Trader without applying the 4 basic trading alignment.
of these 4 bases is indeed very good and must be owned by novice traders.
but whether from the 4 bases must be fully understood or just an initial description for beginners.

I think these 4 bases are also a reference for senior traders, not just beginner traders.
#3 - February 14, 2019, 04:39:52 AM

alfrz26

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Quote from: DnsFx on February 14, 2019, 04:39:52 AM
of these 4 bases is indeed very good and must be owned by novice traders.
but whether from the 4 bases must be fully understood or just an initial description for beginners.

I think these 4 bases are also a reference for senior traders, not just beginner traders.
for me, everything must be fully understood, because everything is very important. but it depends on each person whether they want to understand everything or part of it.
#4 - February 14, 2019, 04:54:38 AM

kidung

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These 4 things are the determinants of successful trading, especially the psychology that is most difficult to learn.
#5 - May 22, 2019, 06:49:04 AM

Tobiram4

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Quote from: alfrz26 on February 14, 2019, 03:00:45 AM
As a Trader I uphold 4 Basic Trading.

1. MONEY MANAGEMENT (MM)
Take into account all the risks and profits of each entry.

2. PSYCHOLOGY
Trading while in a fresh and relaxed mood so that the analysis is on target.

3. MINDSET
Dispose of the ambitious feeling of wanting to get rich quickly from Trading because it will create the opposite result.

4. STRATEGY
Have at least 1 specific strategy or a maximum of 2 so you don't want to learn new strategies that will make all strategies mess.

From the 4 basic trading above, all are interconnected because there will be no Success Trader without applying the 4 basic trading alignment.
4 besic trading can be categorized as a pillar of success, being able to understand and apply it will make it easier to seek profit.
#6 - May 22, 2019, 11:21:51 AM

joko kendil

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interesting articles, sir, can be our learning here, especially as a beginner trader.
#7 - May 22, 2019, 12:00:07 PM

Superfx

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Quote from: alfrz26 on February 14, 2019, 03:00:45 AM
As a Trader I uphold 4 Basic Trading.

1. MONEY MANAGEMENT (MM)
Take into account all the risks and profits of each entry.

2. PSYCHOLOGY
Trading while in a fresh and relaxed mood so that the analysis is on target.

3. MINDSET
Dispose of the ambitious feeling of wanting to get rich quickly from Trading because it will create the opposite result.

4. STRATEGY
Have at least 1 specific strategy or a maximum of 2 so you don't want to learn new strategies that will make all strategies mess.

From the 4 basic trading above, all are interconnected because there will be no Success Trader without applying the 4 basic trading alignment.
basic is very important, as a trader must know it all, MM, strategy, psychologist, analysis etc.
#8 - May 22, 2019, 01:30:48 PM

MichelFx

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Quote from: Superfx on May 22, 2019, 01:30:48 PM
basic is very important, as a trader must know it all, MM, strategy, psychologist, analysis etc.
being able to master it all is the key to success, everything can be controlled and the trading steps become clear.
#9 - May 22, 2019, 03:04:13 PM

Saprol

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Quote from: alfrz26 on February 14, 2019, 03:00:45 AM
As a Trader I uphold 4 Basic Trading.

1. MONEY MANAGEMENT (MM)
Take into account all the risks and profits of each entry.

2. PSYCHOLOGY
Trading while in a fresh and relaxed mood so that the analysis is on target.

3. MINDSET
Dispose of the ambitious feeling of wanting to get rich quickly from Trading because it will create the opposite result.

4. STRATEGY
Have at least 1 specific strategy or a maximum of 2 so you don't want to learn new strategies that will make all strategies mess.

From the 4 basic trading above, all are interconnected because there will be no Success Trader without applying the 4 basic trading alignment.
information that is often found but difficult to practice even by senior traders.
#10 - May 22, 2019, 03:35:42 PM

narto

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absolutely right, the basics are complementary and collaborative so they cannot be separated or only done wrong 1.
#11 - May 22, 2019, 04:06:53 PM

gobas

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money management is the most important thing
#12 - May 22, 2019, 04:17:11 PM

anjali

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I think the mindset is number one
#13 - May 22, 2019, 11:05:58 PM

carola

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Quote from: anjali on May 22, 2019, 11:05:58 PM
I think the mindset is number one
no sir, money management in my opinion number one
#14 - May 22, 2019, 11:13:48 PM

Clara

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Quote from: alfrz26 on February 14, 2019, 03:00:45 AM
As a Trader I uphold 4 Basic Trading.

1. MONEY MANAGEMENT (MM)
Take into account all the risks and profits of each entry.

2. PSYCHOLOGY
Trading while in a fresh and relaxed mood so that the analysis is on target.

3. MINDSET
Dispose of the ambitious feeling of wanting to get rich quickly from Trading because it will create the opposite result.

4. STRATEGY
Have at least 1 specific strategy or a maximum of 2 so you don't want to learn new strategies that will make all strategies mess.

From the 4 basic trading above, all are interconnected because there will be no Success Trader without applying the 4 basic trading alignment.
4 of these, although basic, but the determinants of success, we must know all and apply them about MM, psychologist, mindset and strategy.
#15 - May 23, 2019, 04:03:32 AM
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