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Winning Strategy

May
26
2009
Posted by Michael Greenberg in Traders
7 Comments

Winning Strategy – My Personal Experience

It’s more essential to work on yourself to get 100% positive result with accuracy and consistency in your trading than just working on your trading system to work for you accurately. In simple words, 80% work on yourself and spare 20% on your trading system.

Greed is Good, Greed is Healthy, Greed is Essential, Greed is an inherent Characteristic in every human being but, in the absence of RESPONSIBILITY, Greed leads to utter devastation.

Once you start practicing this, even if you don’t want to win your trades you will win because, it’s not your system that’s making your winning trades, it’s YOU.

Healthy And Wealthy Trading

Suresh
http://sureba67.wordpress.com/

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7 Comments on this post

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  1. Jim Hunt said:

    Hi Suresh,

    Pleased to meet you. I agree that trading success is 80% psychology. I agree that taking responsibility is good. I agree that greed is an inherent human characteristic.

    But greed is not good. On the macro scale I assume you’ve noticed the credit crunch and the bail-outs? On the micro scale greed and it’s evil twin fear have wiped out more trading accounts than there are stars in the sky. The middle way is best. That’s where the 80% comes in.

    All IMHO of course!

    Jim

    May 26th, 2009 at 6:49 pm
  2. sureba67 said:

    Hi Jim,

    Thanks for your reply.

    The present catastrophe was primarily due to extreme complacency. I have always seen in my trading experience that Fear playing an important and crucial role if treated positively.

    Hope my discussions and my posts will be useful to all of you.

    Healthy And Wealthy Trading

    Sureba67

    May 26th, 2009 at 9:03 pm
  3. Jim Hunt said:

    Greed played no part in the current crisis? Obviously a lot of fear came into play!

    May 27th, 2009 at 3:04 am
  4. Michael Greenberg said:

    I think Suresh meant short term greediness which wipes out investors who think they can make a quick profit, while you are discussing long term greediness by company executives which lead to this crisis…

    Michael

    May 27th, 2009 at 3:13 am
  5. Clyde said:

    Yeah, yeah, yeah. There is nothing wrong with greed. Greed means you want things. If we didn’t want things we wouldn’t be in this business. We would be artists. Or collect welfare.

    The crisis, shmisis, let’s talk about me (and you). Our trading is what pays our bills and buys our toys, and our fun. So fix OUR stuff, and let everyone else deal with their issues.

    If you want to be altruistic, become a politician. If you want to make money, work on your trading : – )

    May 27th, 2009 at 6:23 am
  6. Cesar Torres said:

    Wise article!!

    May 27th, 2009 at 6:45 am
  7. Ashwin said:

    Hope you write another one… on What it means to be Responsible

    May 27th, 2009 at 9:05 am
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