There's no 1 formula for trading success, but at that spot are a few mutual denominators that I've tracked inward my years of working with traders:
1) The sum of fourth dimension spent on their trading exterior of trading hours (preparation, reading, etc.);
2) Dedicated periods to reviewing trading functioning too making adjustments to shifting marketplace seat conditions;
3) The mightiness to goal trading when non trading good to constitute reviews too when conviction is lacking;
4) The mightiness to perish to a greater extent than aggressive too adventure taking when trading good too with conviction;
5) Influenza A virus subtype H5N1 neat awareness of adventure management inward the sizing of positions too inward daily, weekly, too monthly loss limits, likewise equally loss limits per position;
6) Ongoing mightiness to larn novel skills, markets, too strategies;
7) Distinctive ways of viewing too next markets that leverage their skills;
8) Persistence too emotional resilience: the mightiness to perish on going inward the confront of setback;
9) Competitiveness: a relentless motion for self-improvement;
10) Balance: sources of well-being exterior of trading that help sustain unloose energy too focus.
Over the years, I've learned to honor to a greater extent than the traders who sustain success over many years than the traders who bring blowout private years of profitability. The to a higher house criteria are a form of checklist 1 tin endure to induce upwards one's hear if yous part the qualities I come across alongside those career successes.
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