started well finished badly
first part is good .
second is more suspect . if you want to be successful you have to ' understand the whys and wherefores ' of you trading . this is an absolute must , knowing what exactly are your ' system ' components are crucial . it will help you analyse things when they go wrong and believe me , at sometime they will .
allied to that it will also be crucial when you need to improvise to suit changing market conditions.
gut feel can only take you so far .
chrisw said:Freedom and money is what it all comes down to IMHO.
The freedom to earn money at my own pace at times that suit me and to give me the freedom to revolve 'my job' around my life rather than my life around 'my job'.
As to whether you fully understand the whats, whys and hows of the underlying reasons for movements or any of the pyschology behind it, or if you use 'a system', if your trying to earn a living, nd you are from the way you trade, then what does it really matter how you get from A to B?
Unless you are trying to prove something...
first part is good .
second is more suspect . if you want to be successful you have to ' understand the whys and wherefores ' of you trading . this is an absolute must , knowing what exactly are your ' system ' components are crucial . it will help you analyse things when they go wrong and believe me , at sometime they will .
allied to that it will also be crucial when you need to improvise to suit changing market conditions.
gut feel can only take you so far .