Read on Twitter
5 Traits Of A Highly Successful Trader
//THREAD//
//THREAD//
Execution Over Profit
Successful traders are more focused on good executions then big profits. A successful trader recognizes profit is supplementary to good execution. Focus on executing a system! (1/6)
Successful traders are more focused on good executions then big profits. A successful trader recognizes profit is supplementary to good execution. Focus on executing a system! (1/6)
Following An Imperfect System
You’re system doesn’t have 100% win rate. Meaning you must be okay with short term losses knowing that over a long period of time your system will average out to a positive expectancy. This is a marathon! (2/6)
You’re system doesn’t have 100% win rate. Meaning you must be okay with short term losses knowing that over a long period of time your system will average out to a positive expectancy. This is a marathon! (2/6)
Numbness
The past is the past! A successful trader will never allow prior trades to influence his future trades. You must be numb and control your emotions for your future success. I had 10 shares of TSLA pre split at $273 a share. I sold at $650. Missing out on $40k.(3/6)
The past is the past! A successful trader will never allow prior trades to influence his future trades. You must be numb and control your emotions for your future success. I had 10 shares of TSLA pre split at $273 a share. I sold at $650. Missing out on $40k.(3/6)
I will not allow this now to influence my trades. When you’re in a situation where you want to make up for something, you’re more inclined to lose big. Because you will size up looking to hit a home run when someone just threw a horrible pitch.(4/6)
Refuel
Successful traders section off a huge part of their life to refueling. This includes exercise, family time, relaxation and watching the Wolf of Wall Street. Traders must disassociate from the markets! It’s just work not one’s life. (5/6)
Successful traders section off a huge part of their life to refueling. This includes exercise, family time, relaxation and watching the Wolf of Wall Street. Traders must disassociate from the markets! It’s just work not one’s life. (5/6)
More Time Off The Court
Successful trader spend more time preparing for a trade then actually taking it. Preparation takes emotions out of your trading. When already knowing your approach no matter which situation plays out. You are prepared! (6/6)
Successful trader spend more time preparing for a trade then actually taking it. Preparation takes emotions out of your trading. When already knowing your approach no matter which situation plays out. You are prepared! (6/6)
