Sunday, 8 May 2016

13 Things Successful Traders Do Differently

1. They pursue realistic goals as their returns.

2. They take decisive and immediate action when their buy or sell signal is hit.

3. They focus on winning trades and not quantity of trades.

4. They make logical, informed trading decisions within their system, based on the 

5. They avoid the trap of trying to make perfect trades, and instead focus on being profitable in the long term.

6. They trade the right position size that is within their comfort zone.

7. They keep things simple and focus on winning trades, not complexity in their trading.

8. They focus on learning and making small continuous improvements in their trading system.

9. They measure and track their progress with a trading journal.

10. They maintain a positive outlook as they learn from their mistakes, and focus on trading with discipline.

11. They spend time learning from better traders.

12. They maintain balance in their life by spending time with family and friends.

13. They love what they do and their passion keeps them going through the rough times.

Quote for the day

"Much of the stress that people feel doesn't come from having too much to do. It comes from not finishing what they've started." - David Allen