Constant practice and keeping a trading journal on a regular basis is what makes you a good trader in the long run.
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tips for become a good trader?
- Thread starter Mauwebluefinger
- Start date
keep learning and practicing at the same time is really a great challenge especially for the traders who are beginners level.
Controlling your emotions is not an easy process. It takes consistency. Design some rules for yourself and stick to them, no matter what. This could help you in controlling them to an extent.there is no way to control emotions because it is common human habit.
Traders also need good skills in context with discipline . A Good performance trader is totally inclined for being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.Constant practice and keeping a trading journal on a regular basis is what makes you a good trader in the long run.
Good post. Are you a rules based trader?Traders also need good skills in context with discipline . A Good performance trader is totally inclined for being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.
What timeframe charts do you like to trade?
Thank you, I am not really a rules based trader but I like to do scalping on 5 minutes time frames. What advice would you like to give me?Good post. Are you a rules based trader?
What timeframe charts do you like to trade?
Yes, I agree learning and trading side by side is a challenge but with great challenges come great learning.keep learning and practicing at the same time is really a great challenge especially for the traders who are beginners level.
What advice would you like to give me?Thank you, I am not really a rules based trader but I like to do scalping on 5 minutes time frames. What advice would you like to give me?
Well off the top of my head,
Look at a lot of charts.
Figure out a way to impliment The Morse Code.
linked right here...
https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706
Right! Without being metakly strong it is very difficult for any one to have a good emotional quotient which is important for managing extreme emotions.but when you have enough mental strength only on that time you can control the emotions level , otherwise no way at all.
the trading mentality is definitely a big part of a successful trader. Worrying about losses and having anxiety slow you down will just cost you more money.