The One Great Quality In Successful Great Traders!

To judge yourself not on how much money you made today, but on how well you traded today.

The following comes not from a trading book but from a poker book by Dusty Schmidt, who is a very good poker player.
http://www.pokertableratings.com/stars-player-search/Leatherass9
http://www.pokertableratings.com/fulltilt-player-search/Leatherass9

Just replace the word 'playing' with 'trading':
- How well you played overall
- Quality of your thinking
- Quality of decisions
- Number and size of mistakes
- Quality of focus ('the Zone')
- Length of time spent focused and playing well
- Length of the session
[the two above are probably not relevant to trading]
- Ability to manage emotions, focus and thinking
- Ability to work through a tough mental or emotional spot
 
A combination of

1) Not caring about the results of individual trades I.e. Proper trade sizing

AND

2) Believing (correctly) in your edge. Personally, I think this is the big one.
 
Quote from gettinglucky:

The ability to chew gum while trading at the same time is most prized in this profession.

And that is because most traders have ADHD (Attn deficit hyperactive disorder), so having no outlet to manage it is detrimental to one's concentraton..

any experiences or methods (including legal drugs) for controlling ADHD?
 
aloof


Quote from tradingjournals:

In every profession, there are certain qualities that are prized. If you have to list one (ok more than one) great quality of successful and great traders, what would it be? Also please provide ideas on how to develop such qualities, or instill them in others.
 
Back
Top