10 Habits of Top Traders
Posted By: Steve Burnson: June 06, 2018
Here are ten things that many of the top traders I have studied have in common:
They learn to think for themselves and create their own trading signals and systems that match their own personalities and risk tolerance. They do not ask for otherís opinions they follow their own plan.
They donít care about otherís opinions or feedback, they just execute the trading principles they know will make them profitable over the long term.
Top traders avoid big losses and account blow ups while trading through volatility and downtrends through the right position sizing and discipline.
They are always looking to learn, grow, and become better at trading.
Top traders do not waste time in debating where the market will go next. They simply follow the trend until the end when it bends.
Profitable traders keep their losses small by admitting when they are wrong quickly once proven wrong.
Their positions and opinions match what the market price action is currently doing.
Top traders trade each position with a small size relative to their total available trading capital.
The top traders that are successful over the long term have confidence in themselves and their system.
The top traders never gave up. They won before they quit. If you are on the right path and donít quit only time separates you from success.