I remember that when I first started, I viewed it as a pure mechanical pursuit. I thought that if I can only find the correct parameters for the MACD, or the correct length of a moving average, success would be mine. I searched through thousands of charts, attended both paid and free courses, hoping to find an ideal system that can consistently beat the markets. I was then an easy prey to "gurus" selling "systems" through trading courses that can help me to make money.
After a while, I realized that psychological factors such as optimism, doubt, greed, fear, hope, and fear of pulling the trigger are much more important than any technical indicator. The next step was to learning to control risk via money management, and position sizing. After that, I started to learn what is it that moves the prices of charts.
Right now, I am aiming to convert from a serious amateur into a professional trader. I think that the most important trait of a successful trader is.........a very high level of discipline. I think I do have some basic discipline, but I plan to increase it much further. My focus for this coming year is to be disciplined.
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