Traits and Characteristics of successful Traders

Discussion in 'Psychology' started by MattZ, Apr 10, 2019.

  1. MattZ

    MattZ Sponsor

    LS1Z28, vin2018, Maverick1 and 4 others like this.
  2. %%
    Same way with stock traders/investors, MattZ;
    except we dont believe in random.:D:D
     
    CSEtrader and MattZ like this.
  3. Maverick1

    Maverick1

    Should be required reading for every trader... closest thing to the best advice you will find on ET!
     
    MattZ likes this.
  4. zdave83

    zdave83

    " The holy grail doesn’t exist in general form. But on a personal level. If you find something that works with you–your natural tendencies, inclinations, risk tolerance, and more–and if it truly does work for you, then that just might be your own personal holy grail. What works for you might not work for you forever, which means you will have to constantly adapt in order to find it again. "

    That's gold.
     
    MattZ likes this.
  5. vin2018

    vin2018

    Thanks for sharing these 5 traits. This really impressed me -

    What works for you might not work for someone else, what works for someone else, might not work for you. Focus on what works for you in terms of your total means and capacity.
     
    MattZ likes this.
  6. peter_pan

    peter_pan

    Becoming a successful trader is not something which can happen in a few days . It takes years to be called successful in trading and requires a lot of experience and understanding of the markets.
    • The key to success in trading is patience. A trader must stay calm and observe the trends in market.
    • Next, a trader must not lose hope from losses in trading. He must be mentally tough and not disheartened by less returns or losses.
    • A successful trader must carefully monitor and scan the market trends and find opportunities of investing.
    • He must also be a risk taker as higher the risk,higher the profit.
    • A trader must be a forward thinker and planner .
    • A trader must have an optimistic approach.
    • A good trader must be inquisitive and curious to learn new skills of trading securities.
    • He must have strong analytical skills.
     
  7. ironchef

    ironchef

    My takeaway: I would rather be lucky than be good. :D