4 Things Traders Must Do To Be Successful

[katemi]

THESE 4 TRAITS WILL MAKE TRADERS SUCCESSFUL

If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you're not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it's not. In decades of working with billionaire hedge fund managers and traders, he's found that traders that are passionate about trading don't put in the work and trade too much.

To be successful trading, Dr. Steenbarger has learned:

1.   A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;

2.   Why traders should not just focus on minimizing their weaknesses, but also maximizing their strengths;

3.   A simple trading journal that will help you improve each day; and


4.   That the best traders are ones that embrace losses and use them to become better.

[richman32]

YES traders need to have patience and control emotions and risks

[Jk]

Trader need much experience about market, we need much information about it. And we need control emotion don't be greedy when trading.

[katemi]

Trader need much experience about market, we need much information about it. And we need control emotion don't be greedy when trading.

panic and greed are traits that we must avoid trading.
because those two traits will destroy us.
only losses we will get.
we should be more patient in facing the price that changes at any time

[Zen10]

Pretty good advice.

It is always nice to have some kind of guidance when dealing in this kind of risky markets.

[KallyFowler67]

Always believe in themselves. I am not a broker but I used the help of one service and decided to invest in cryptocurrency helps to make additional money. I also used etc cryptocurrency to trade on. There are a lot of brokers companies but I prefer to use https://www.monfex.com/instruments/ethereum  because they give the full information about trading and crypto options.

[Jatawneh]

Always believe in themselves. I am not a broker but I used the help of one service and decided to invest in cryptocurrency helps to make additional money. I also used etc cryptocurrency to trade on. There are a lot of brokers companies but I prefer to use https://www.monfex.com/instruments/ethereum  because they give the full information about trading and crypto options.

doing the fundamental study about the project and understand their plain is the key to go for good coins.

I like to invest in new coins that hit the market. 

 

[OluwaTosin10]

THESE 4 TRAITS WILL MAKE TRADERS SUCCESSFUL

If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you're not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it's not. In decades of working with billionaire hedge fund managers and traders, he's found that traders that are passionate about trading don't put in the work and trade too much.

To be successful trading, Dr. Steenbarger has learned:

1.   A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;

2.   Why traders should not just focus on minimizing their weaknesses, but also maximizing their strengths;

3.   A simple trading journal that will help you improve each day; and


4.   That the best traders are ones that embrace losses and use them to become better.

My opinions are different; to be successful in trading,
You must know when to cash in on your profit
You must always monitor your portfolio
You must conduct research Always and have first hand information about news or rumors

[Ghanda]

Trader need much experience about market, we need much information about it. And we need control emotion don't be greedy when trading.

Yes, that right.  In trading we have to be patient, calm, becarefulin makibg decision, no panic and no greedy.