Tuesday, March 1, 2011

Common characteristics among successful traders

source: http://www.smbtraining.com/blog/what-do-all-successful-traders-have-in-common


  • Solid with the basics (tape reading, execution, preparation for the day)
  • Trade setups that fit with their personality and become excellent at them
  • Successful trading is about pulling "small basket" of profits multiple times from the market, and not being greedy or wanting to hit home runs.
  • A passion for trading
  • The willingness to admit you are wrong and ability to terminate losing trades or change bias
  • To work hard to become great everyday
  • Calmness in the midst of market volatility

Notice:
Hardwork and sticking to trades that match with your personality were mentioned twice  by 2 of the 3 traders in the actual article.

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