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    CHARACTERISTICS OF A SUCCESSFUL TRADER

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    Guest
    Guest

    CHARACTERISTICS OF A SUCCESSFUL TRADER

    Post by Guest on Sat Aug 15, 2009 6:01 pm

    1. CONFIDENCE: absolutely essential in an environment that feeds on emotional instability.

    2. TRUST: if you cannot trust yourself who can you trust? Trust your rules, trust your edge, trust that you will do the right thing-no matter what!

    3. FOCUS: you will never learn all there is to learn about the market. Push your ego aside and focus on one market and one edge.

    4. ACCEPTANCE: you have to accept what the market is willing to give or you will give the market what it wants to take.

    5. RESPONSIBILITY: you and you alone are responsible for the money you lose and the money you make. Take the credit for both. Either way you deserve it.

    6. PATIENCE: The market is not the place to learn patience, it is the place to practice it.

    7. RULES: the market has no rules and no one else will do it for you. Develop rules for entering AND exiting trades before trades are made.

    8. RESPECT: you have to respect the market for what it is not for what you want it to be. The market has a logic all its own. You may not like it but you have to accept it.

    Guest
    Guest

    Re: CHARACTERISTICS OF A SUCCESSFUL TRADER

    Post by Guest on Wed Nov 09, 2011 5:08 pm

    nice..
    very good post..Your thought processing is wonderful.

      Current date/time is Tue Aug 14, 2018 5:21 pm