The First Thing You Need To Figure Out To Be A Good Trader
The very first thing to get across to people is you've got to figure out what is the right method. It's not just fundamental versus technical. Either are you short-term, or you're long-term. Do you want to trade stocks? Do you want to trade futures? Do you want to trade currencies? On and on with the variations. …It's a discovery process, an evolutionary process. Nobody can tell you that. The approach traders pick has to have an "edge" and "work" and that it has to take into account risk management.
I also think that what makes a good trader is not how much you lose or win, but how consistently resilient you can be.
What do you guys think ? Share your insight on what it takes to be a good trader and why.
Why are you a good trader ?
The very first thing to get across to people is you've got to figure out what is the right method. It's not just fundamental versus technical. Either are you short-term, or you're long-term. Do you want to trade stocks? Do you want to trade futures? Do you want to trade currencies? On and on with the variations. …It's a discovery process, an evolutionary process. Nobody can tell you that. The approach traders pick has to have an "edge" and "work" and that it has to take into account risk management.
I also think that what makes a good trader is not how much you lose or win, but how consistently resilient you can be.
What do you guys think ? Share your insight on what it takes to be a good trader and why.
Why are you a good trader ?
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