These are some common traits of a good trader. He maintains a disciplined trading style that he has learned over the years. He will not chase a stock. He will not “ take a gamble” on any stock. He is organized. His home or office is clean. He pays his bills on time. His car is well kept. He is serious and not “ the life of the party” type. He is focused. He is prepared. He wont panic when a trade goes wrong, he will cut his losses and move on. He will never let a loss get too big. He is honest and seen as a good person. From my experience, for whatever reason, those are some common traits of successful traders who are consistent.
Interesting. In my experience, good traders: 1) Are incredibly paranoid about being wrong 2) Feel the need to "double check" information 3) Do not make decisions unless they are fully informed 4) Have a healthy respect towards risk management 5) Thinks strategically (chess) and probabilistically (poker) 6) Like to learn new things
It's not only traiders that it applies to, but to the majority of successful people. Exceptions would fall under 20% of Pareto's Law. (Say some artist, who has a dirty studio, yet is able to create a masterpiece despite of surrounding ,,chaos") Being too pedantic might be a liability. Correlates with perfectionism. And that might lead to inaction.
I’m disorganized. My car is dirty. My desk is cluttered. I forget to pay my bills all the time. I chase stocks from time to time. I panic from time to time. I gamble from time to time. I am so unfocused because I have another job. I’m screwed.
There was this thread a while ago ,,Why majority of traders loose money" and like, 6 people inside were fighting in a single thread. (2 vs 2 vs 2 ) Have to enjoy those while it lasts.
I think tarzan is confusing traits of a trader with top traits women find attractive in men from tinder
Great thread man! If we are disciplined in forex it will give us a good return in profit and we can make good money with it.