Common Traits of Successful Traders

Learn to Lose Money to Make Money

Unfortunately, it is the sad reality that the majority of people reading this are not profitable traders. If I could single out the most common culprit for sabotaging your trading it would have to be not being able to take a loss. This is especially prevalent amongst new traders, but I’ve seen this single trading mistake cripple even more experienced traders. In fact, I’ve run across countless traders that are generally successful if not for a few outsized losses. The problem is that these outsized losses are what cripple your account and push you into the negative column. You will never be a successful trader, EVER, until you learn how to take a loss.

Discipline like Army 

Discipline is directly related to the bottom line of a trader’s account. The Professional Trader keeps a high focus on being disciplined and sticking to his system. He disciplines himself by constantly having the thought of making money and being positive at the end of the month in the forefront of his mind. This way he keeps himself from getting caught in the now emotional moment. He stays on the sidelines when the timing is wrong to enter a trade and always places stops while trading.

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