11 habits of great traders
1. Good traders are dispassionate about money. They trade with the money they do not need Simply put, rationality is way more important than emotions when you are gambling high stakes. When you trade with the money you need — like it is set aside for a house, or a car, or a wedding, you will get emotional about losing it. It will mean something to you. And that will lead to bad decisions. So, trade with money you can afford to lose and perfectly feel nothing about losing 2. Good traders invest in learning Most traders do not realize that you have to learn tonnes to be good at this market. If you do not keep learning and improving you are playing the same game every day. So do a post trade analysis every day. Write down why you did well or did badly. Learn the good stuff to replicate, learn from the bad stuff to avoid. Keep a journal 3. Good traders Avoid Big Mistakes If you blow up your capital in a few bad trades, you will be left with nothing to trade. In fact, avoiding the...