Successful trader's personality

I will say this...I've always been fascinated with psychology, studied it in college, have a lot of psych books around the house, and also have an introspective personality type (INTJ), but trading has taken my "self awareness" to another level...a level that's been necessary to be effective in this complicated game...experiencing difficulty will do that! But I have to confess that I don't think about the "psychology" of my trading experience anymore...it's become more of a disciplined process that I must follow to the exact...like a machine would...FWIW.:)
 
We don't live forever, some die sooner than others. Whatever you do in life will soon be forgotten in the dimension of time. The years go by quicker with each passing. The evil and grief that is out there, and protecting your family from it is the only true goal. No matter how many millions you have and what you pass on to your children will soon be lost, if your children have not been taught core values. Making money becomes only a game..
 
Spectre2007 said:
We don't live forever, some die sooner than others. Whatever you do in life will soon be forgotten in the dimension of time. The years go by quicker with each passing. The evil and grief that is out there, and protecting your family from it is the only true goal. No matter how many millions you have and what you pass on to your children will soon be lost, if your children have not been taught core values. Making money becomes only a game..
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Wise saying! Whoever has eyes to see, let him read and take this to heart.
 
The ability to change one’s mind is probably a key personality of successful traders. Dogmatic and rigid personalities rarely succeed in markets.
 
Bobby Jay said:
Risks in forex trade are innevitable, however, A good trader is optimistic. Optimism means expecting the best, but confidence means knowing how to handle the worst.
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Yes along my trading career, till now still can't eliminate the risk and this still part in trading, but with risk on business, actually this is also good for us to learn how to minimize these risk
 
radex78 said:
Yes along my trading career, till now still can't eliminate the risk and this still part in trading, but with risk on business, actually this is also good for us to learn how to minimize these risk
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Knowing your limits as a trader contributes to minimizing risks. Since the risks are inevitable, there should be limits to how frequently you should trade, how much money you should place at risk.
 
Spectre2007 said:
We don't live forever, some die sooner than others. Whatever you do in life will soon be forgotten in the dimension of time. The years go by quicker with each passing. The evil and grief that is out there, and protecting your family from it is the only true goal. No matter how many millions you have and what you pass on to your children will soon be lost, if your children have not been taught core values. Making money becomes only a game..
More...
The SIGNIFICANCE of "core values" written in poetry...nice!:)
 
Bobby Jay said:
Knowing your limits as a trader contributes to minimizing risks. Since the risks are inevitable, there should be limits to how frequently you should trade, how much money you should place at risk.
More...
Yes in trading also important to keep discipline with using risk management, this is can prevent from loss that exclude from expectation due sometime trend market move against our entries
 
Successful traders are not independent but totally dependent in the sense that they do not rely fully upon what they know. But they are ever ready to tap into the experience of FX veterans who share their mistakes and their success stories.
 
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