The best tip, which I follow till the date, is to develop a solid understanding of financial markets, create a trading plan and stick to it, and manage risk effectively. It is also a must for a trader to stay up to date with market news and analysis. Seek out educational resources and consider working with a mentor or joining a trading community. In short, never stop learning!
no way to be a good trader without great level of focus and self commitment . so be cool always and try to develop self.
after having good risk management most of the time trading result can be useless , this is the dark side of this market place.
the good trader always knows how to set his mind , they are mentality strong compare to psychically strength . so we traders should work on our mindset first of all.
mindset is very important is real life as well practical life. but this is really a challenging issue to build a strong mind.
I couldn't agree with you more, I never forget a quote from an article I read online; "Only a sequential plan allows the trader to have a rational approach and form a solid foundation for further work". This is the basics for a having a stable mind.
the good trader is a trader who can predict the real faction of this market with certainly. hope you got the message.