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Showing posts from September, 2015

12 Characteristics of Highly Successful Traders

For those serious about trading for a sustainable income, the following is a list of characteristics found in every highly successful trader. Realize that 1% of the people who play this game take 99% of the profits. That means 99% of people who call themselves “traders” are forking over all their money to the 1% of serious and consistently profitable traders. The list of typical success traits such as discipline, focus, passion, commitment, determination, and confidence can be found in almost every trading book and, if applied, right can act as a framework for achieving success in all aspects of life. These 12 traits of highly successful traders are a result of in depth comparison of hundreds of the world’s top traders, many of which are talked about in the books Market Wizards and New Market Wizards by Jack D. Schwager. If you want to make it in this game then strive to acquire these traits of highly successful traders… 1. Discipline: It’s all or nothing So you thi