How Big Traders Got Big : What the Journeys of Successful Traders Have in Common

One of the most common things  new traders want to learn is what steps they need to follow and how much time it will take them to become successful traders. Naturally, the answers to these questions are extremely varied and it will depend on  how they want to become successful and what they perceive as successful trading. However I wanted to know if there was a common denominator to success and if the journey to get there was market by some well defined “steps” that I could share with my faithful readers. Upon studying the biographies of several accomplished traders – like George Soros  – and personally asking several traders I know -who manage funds with more than one million dollars in capital- I think I have come up with a pretty straight forward list of what their journeys have in common. You will see that most traders who achieved success got there through some pretty well-defined steps that are certainly far less incredible and rare than what most people think. After reading this post you will see that only a few qualities actually separate those who fail from those who enjoy lasting success in various forms of trading.
But what is success ? What ...

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