Thread by @Raminations

These queries are always asked of me whenever I meet with any new trader.
1.What is the best system that I can put into use while trading?
2.I have limited capital and how much is sufficient capital for me to start trading.
3.How do I progress in trading ?

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4.I don't find progress in my trading levels even after so many years spent here in trading What do I do?
5.Despite all things being done by me properly my profitability doesn't improve. What do I do?
6.Can you suggest a profitable trading system to me?
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7. What are the essential requirements of a proper mechanical trading system?Where do I find it?
8.Do I use indicators while trading?Or is it mere price action?
9. Does my system have various timeframes? Which is the best timeframe?
10.Any more suggestions?
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Wow! Hope I have listed all the questions here . Don't really know whether I can answer all these in one single day but will try.
I am cramped for time these days as I have some family exigencies and I am sure I will allot time to reply to all these questions quickly.
4/n

Now, I have been a system trader for the last 12 years.
At first I had so many doubts as you guys are having.
But somehow I started in 2007-08 one of the best periods of trending markets.
I have made many mistakes.
I have thought markets can't go below this or that level.
5/n

Markets always defied me and went further down or up. Learn first there is NO ONE SUPERIOR to markets. You are as good as the best analyst that you see on TV.
Only you know the truth of your trades but don't know the reality of that analyst's trading a/c.
So be confident.
6/n

Don't dither when the market shows an action as per your system. Market is not for doubting Thomases. It demands clarity of purpose and actions.
Manytimes in the 1st few years of my trading, my dithering made me lose money.
When we miss a trade and that became very profitable
7/n

don't lose heart.
One missed trade is not going to spell doom for your market life.
Market is eternal. You have it for ever. Market has outlived legends, No single person makes any market nor mars the market. It is bigger than the Trumps, Modis,Jhunjhunwallahs of the world
8/n

So never think it is loss to have missed a trade. Take it in your stride and move on. There are opportunities galore in the market.
The best system is that which suits your Capital, your psyche and your appetite.
This may sound funny but it is not.
What can be traded with.
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