Top 4 traits of a successful trader.

[Grantx]

I'm over the negativity of why traders fail.
Here is a brief list of why I believe you can be successful.

1. You have failed many times and been utterly broken and scraped the barrel of despair. But you are still here and committed to succeeding. You believe in yourself.

2. You have figured out all the little self sabotaging tricks of the mind. They still occur but they no longer have any effect. Your determination was galvanised after scraping that barrel and you are now mentally stronger as a result.

3. You have tried every trading technique. You have been down every possible rabbit hole. You are no longer on a feverish quest to find the answer. You get that there isn't one and thus you have learned to explore new opportunities in a controlled manner.

4. You are steadfast with your approach. You stick to what you know and apply it diligently and consistently.

Start being more positive. Good luck to you.

 

[Laissez Faire]

5. You make money.

 

[Dazz]

Specifically , you aver >$200 gross profit per day for a year and thus earn the aver US per year in a year.

 

[Scataphagos]

4. You are steadfast with your approach. You stick to what you know and apply it diligently and consistently.

IOW.... "discipline". Yes.

After you learn Price TA, then you need to develop discipline. Easier said than done.

 

[deaddog]

I'm over the negativity of why traders fail.
Here is a brief list of why I believe you can be successful.

I don't see anything here that will make me a successful trader.

1. You have failed many times and been utterly broken and scraped the barrel of despair. But you are still here and committed to succeeding. You believe in yourself.

Insanity: Doing the same thing over and over and expecting different results

2. You have figured out all the little self sabotaging tricks of the mind. They still occur but they no longer have any effect. Your determination was galvanised after scraping that barrel and you are now mentally stronger as a result.

But you still don't know what you are doing.

3. You have tried every trading technique. You have been down every possible rabbit hole. You are no longer on a feverish quest to find the answer. You get that there isn't one and thus you have learned to explore new opportunities in a controlled manner.

Seems like a nice way of saying that you should get a job.

4. You are steadfast with your approach. You stick to what you know and apply it diligently and consistently.

Maybe you should explore what you don't know; what you know isn't working.

My take:

The 4 traits of a successful trader:

1; Spent time to study and know the market

2; Have a well thought out trading plan and the discipline to follow the plan

3; Be well capitalized

4; Have reasonable expectations.

 

[Grantx]

5. You make money.

Money comes automatically along with a lot of other unintended collateral positive changes. when you make a deliberate focused attempt at being the best you can be in all aspects of your life your success will come. Money will flow if that's how you define your success.

 

[Grantx]

I don't see anything here that will make me a successful trader.

Insanity: Doing the same thing over and over and expecting different results

But you still don't know what you are doing.

Seems like a nice way of saying that you should get a job.

Maybe you should explore what you don't know; what you know isn't working.

My take:

The 4 traits of a successful trader:

1; Spent time to study and know the market

2; Have a well thought out trading plan and the discipline to follow the plan

3; Be well capitalized

4; Have reasonable expectations.

Yeah. Heard it all before ad nauseum. You've said nothing original.

 

[deaddog]

Yeah. Heard it all before ad nauseum. You've said nothing original.

What works isn't original.

 

[Laissez Faire]

Money comes automatically along with a lot of other unintended collateral positive changes. when you make a deliberate focused attempt at being the best you can be in all aspects of your life your success will come. Money will flow if that's how you define your success.

There was no mention of a successful methodology or system in your list.

That's requirement number 1.

 

[Grantx]

There was no mention of a successful methodology or system in your list.

That's requirement number 1.

A traders methodology changes over time alongside ever changing market conditions . The only constant is you which is why I believe you must practice self discipline in all aspects of your life. If you learn to manage self discipline and emotions then you will be able to remain consistent with whatever methodology or system you choose to implement.