Topic: Insights into the Mindset of Super Traders (Read 712 times)

For me, demo trading has never really showed up to be useful, because when I play with virtual money, I do not care so much, and I don't really look for many occasions to enter a trade.
I just watch the charts, and make my trades if anything will interest me, but the thing is different when the real cash comes into the game.

I dont like that some of the people are trying to learn the others their strategies, only through showing them charts, and explaining it on specified formations.
Trading knowledge shouldn't be based on some different kind of incidents, but it should be very transparent, and quick in working- you cannot wonder about entering the trade, you need to see many reasons and arguments behind your decision, otherwise it would be just a "blind" trading.

In cryptocurrency trading, trades are executed in such short times that it's very hard to keep up with the trades that the better traders are making without potentially losing money.

Professional insight is nice but there are situations in which it's more helpful.  Strategies and means of analysis are more relevant than specific trades.

With this people you have listed can one actually followed them and trade successful.  every insight you need from this people are in candlestick formations. To me this is the only way to succeed in trading and trade professionally; developed your trading skills and knowledge through practice Account or demo for more than one year and built your trading strategy.get trading insight from those people is asking a footballs expert to play for you why his score will not be added to your scores.

They should be able to get it.  The best traders should have reasonable financial incentives to reveal their strategies.  They won't tell you specific tips about what they do because it would saturate the decisions and systems that they have and make it harder for them, but telling them the details of how to do a specific strategy should be completely normal.
Experience is something that you get over many years, but understanding is something that you should be able to gain from anyone.  It's annoying when people tell others to find things out for themselves when they're clearly trying to find openly (or paid) available information.
Analysis and understanding of trading is hard, but it's easy in that you're just sitting there and not doing physically demanding work.  It depends on your work ethic and what you put into it, but the nature of trading isn't hard, it's just that successful people put a lot of work in.

You might be right with gambling but not necessarily for trading, because in trading when more number of people taking same decision that would be beneficial for each and every trader who have taken similar direction based trading decisions, based on this fact I do believe traders will be more interested to share their knowledge and strategy with other people.

But in gambling, there is a myth that one strategy will not work all the times and hence the one who currently using will not share about his strategy so that he prevents his strategy getting outdated in quick time. No proof on this, but it is commonly believed.

Im getting sick of all the guys that want to have the knowledge and skills of the best traders in the earth, without any practice or time invested into this.
Guess what, it is impossible, without extremely hard work through many years.

I also have enough of reading that trading is something fairly easy, because it is just clicking ask and bid.
Making money by sitting in front of the computer ( or even through mobile ), and living thanks to few clicks everyday? And all that without any experience? Seems legit huh?

Being a full-time trader is such a stressing job, that most of the regular people couldn't do it.
It is not a job in the company, where you get payed for an hour, you have to make correct decision everyday, and this determines your survival on the market.
And if you dont, you may lose your great job and get into really big trouble.

Trading involves knowledge about it but no one will tell how to do it. You have to invest your time and money to be a trader and sweat and tears to be a professional trader. Thanks for the share, I will try to read it, and hope I can absorb some of the things that's in there and I will add it to my experience and see where it will take me.

People are sting if they think that someone will just put every knowledge about the trading in their heads and they will become successful over night. That is not how it's works and no one will share the most important things and warnings for nothing. How they say, there is no success without tears, sweat and blood, of course not literary in the case of trading.

I agree mate. This is similar to those Internet Marketers who are selling their services to teach people how to earn. Offering services and charging them for a high fee, then at the end of the day, you still don't know how to get good money out of internet. You should learn as you go along the journey to trade and this makes it is more satisfying. of being spoon-feed with all the information. You feel yourself very rewarded every step of the way.

Football coaches don't teach players how to play football, they rather harness what is already inside of the players - smoothen  some rough edges and perfecting some skills, then a players has the pitch and the ball to show what he has got. Same way, a trader can horn his skills and knowledge by following the land marks of people who already excelled in trading.

Some people are to superstitious or have become too lazy as a result of setbacks along the way and to them I say, dust yourselves up, keep learning, keep trying, there is still plenty room left in that list for you and I.

No one will share their strategy/tricks especially if they really earning on that way unless the tip are not working anymore. This is what the majority of book writers write about. Experience is the best teacher and we must learn base on our expeditiom in the world of crypto's so that we can witness with our own eyes the best strategy that fits to ourself preference.

I don't think this so called super traders would just simply spill off their secrets. They would just give you a glance on how they work and earn and profit. Different style applies to different person. You just cannot follow strategy that won't fit your goals. I agree with what  Qartada said, this is a crappy book, you should go out and trade to gain experience. No theory or books will give you that.

Several different trading styles can work.  Long-term and day trading can both work in different ways and people who have concrete plans based on reality tend to succeed.  You claim that the majority of traders lose but the money in it will be equal losses and gains, and in forex for example many of the losses will not be perceived as such; people trade forex when a bank screws them over with the exchange rate when they go abroad, for example, but all that they understand is that they have the right currency and they can spend.

Often short term trading can be successful if you're good at it and you understand the basics of it.  In crypto investments I would argue that it can be easier than that if you can do fundamental analysis of the coin.
Looks to me like this is a crappy self-help book and no one should care.  Traders have different strategies and people are not stupid.

Speculation would first seem to be one of the easiest things on earth because you might think of making money by hitting bid and ask buttons for trading instruments of your choice. Hitting bid and ask buttons can be learned by everybody, but it remains a mystery that doing this does not bring easy money. It is no longer a secret that majority of traders lose. Pros know that. Newbies know that. Those who do not trade know that. Millions of trading styles and approaches have been used under heaven, but majority of them seem not to be working. Why?

The answer: You alone can determine whether you will become successful or not. Some want to succeed as traders but they get entangled in what can be called self-sabotage. They do exactly what look satisfactory in the short-term, but which cannot help them in the long run. What is then the way out?

You simply need to learn the insights, approaches and thoughts of super traders. And when you adapt and apply them to your trading styles, you would also find it easier to deal with the vagaries of the market triumphantly. That is when good strategies you use can work for you. Good strategies cannot work for you if you approach the market with illogical trading psychology.


Insights into the Mindset of Super Traders: http://www.advfnbooks.com/books/insights/index.html 

“Insights into the Mindset of Super Traders” reveals the life stories of selected 20 master traders, how they think, how they view the markets, and how they make their fortunes.

Some of them are:

Lan Turner, who turns simple trading ideas into millions.
Dirk Vandycke, who has made thousands of percentage returns simply by accepting the truth about trading.
Michelle Williams, a female trader who once won a trading championship
Martin Zweig, who was one of the most successful traders of the last century
John Arnold, who became so rich that he retired himself at the age of 38, while many older people were still sweating over pensions
Bruce Kovner, who is one of the least known billionaire traders
Michael Platt, who is an accomplished trading risk manager
Martin Schwartz, who lost money for 9 year before becoming a permanently successful trader
Louise Bacon, and old veteran trader who tells us his intriguing story
Sir John Templeton, who is truthfully the greatest global stock picker of 20th century

Look at giants being pursued by cockroaches! May the spell of ignorance on you be broken. There are many future master/pro/expert traders reading this book who are being discouraged by those who are ignorant of the realities in the market. They are being discouraged by temporary setbacks. The providence has ordained you to attain international acclaim through successful speculation, and end up blessing lives, lifting people out of penury and bringing smiles to the face of the dejected. Here you are, oblivious of your trading potential, caught in a rat race.



Insights into the Mindset of Super Traders: Advfnbooks.com/books/insights/index.html