Author Topic: 4 Things Traders Must Do To Be Successful  (Read 644 times)

Offline analyst75

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4 Things Traders Must Do To Be Successful
« on: October 26, 2018, 06:09:55 PM »
THESE 4 TRAITS WILL MAKE TRADERS SUCCESSFUL

If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you're not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it's not. In decades of working with billionaire hedge fund managers and traders, he's found that traders that are passionate about trading don't put in the work and trade too much.

To be successful trading, Dr. Steenbarger has learned:

1.   A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;

2.   Why traders should not just focus on minimizing their weaknesses, but also maximizing their strengths;

3.   A simple trading journal that will help you improve each day; and


4.   That the best traders are ones that embrace losses and use them to become better.

Author: Dr. Brett Steenbarger

Source: https://blog.topsteptrader.com/brett-steenbarger-limit-up-futures-trading
 
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4 Things Traders Must Do To Be Successful
« on: October 26, 2018, 06:09:55 PM »

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Offline Chris Woakes

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Re: 4 Things Traders Must Do To Be Successful
« Reply #1 on: November 23, 2018, 07:36:55 AM »
I think the few things that any trader must do is to focus on knowledge and gaining experience, itís these stuff that makes a major difference and allows you to succeed or fail.  IF you are not good at planning, then you are just going to struggle.  I never stop learning because I know the importance of it.  I trade with FreshForex, and they help big time with low spreads, high leverage, and bonuses and much more, it all works perfectly in my favour.

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Re: 4 Things Traders Must Do To Be Successful
« Reply #1 on: November 23, 2018, 07:36:55 AM »

 

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