2006-09-11 20:35:02 · 8 answers · asked by Anonymous in Business & Finance ➔ Investing
You need
o Discipline
o A good strategy/education
o Money management
Strategy is so you can make money. Money management is so you don't go broke while getting rich. Discipline so you you follow the other two pieces.
All three are critically important. Hope that helps!
2006-09-15 17:58:54 · answer #1 · answered by Yada Yada Yada 7 · 0⤊ 0⤋
Ability to Smile, Honesty, Adequate Capital
2006-09-12 03:39:18 · answer #2 · answered by Saido 2 · 0⤊ 0⤋
Exactly the same characteristics that make a good poker player:
Ability to use logic
Ability to bluff and control emotions
Large bankroll
2006-09-12 09:39:47 · answer #3 · answered by Ranto 7 · 0⤊ 0⤋
1. Discipline
2. Discipline
3. Discipline
http://www.inside-alpha.com/money-management-technique.html
Let's make money!
Good luck
Marc
2006-09-12 07:54:03 · answer #4 · answered by Marc H. Mayor 2 · 0⤊ 0⤋
1) Timing-the placing of trades, 2) money management 3) emotional control....from the biography of Jesse Livermore....an excellent book!
2006-09-12 03:44:16 · answer #5 · answered by jazzzame 4 · 1⤊ 0⤋
learning to see what is right and true
discipline
controlling emotions
courage
positive attitude
persistence and determination
excellence not perfection
intuition
creativity
ability to concentrate fully
knowledge
In the end, it is the trader's attitudes, beliefs, and discipline that ultimately yield results.
2006-09-12 05:16:32 · answer #6 · answered by dredude52 6 · 0⤊ 0⤋
Instinct
A sound, consistent and understood strategy
And let me yell this: DISCIPLINE!
Discipline works in three ways: only entering trades that match your sound, consistent and understood (by you) strategy, having the conviction to let winners run, and consistently accepting and realizing losses that won't kill you.
2006-09-12 18:59:28 · answer #7 · answered by ProfessorOddlot 4 · 0⤊ 0⤋
patience, a lot of reading, and common sense
2006-09-12 05:19:43 · answer #8 · answered by Ed 3 · 0⤊ 0⤋