A trader\'s personality (ZT)
(2009-11-11 12:18:46)
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A trader's personality has a final say on whether you'll be successful or not. There is an old Chinese saying that it takes 10 years to grow a tree and 100 years to change a person. It is the most difficult last mile in your trading jouney to align your personality to a successful trader's one. You can learn all the trading skills from other perople and seminars, but the last mile you are on your own.
A successful trader's personality should consist of
1) Have a trading plan
2) Discipline to follow the plan
3) Patience: like a hunter
4) Take the emotions out of the trading by following your trading rules with pre-defined stop loss and profit target
5) Don't trade if there are no clear singals
6) Don't glue yourself to the money and enjoy your life.
7) Believe yourself and have a faith.