Post
Topic
Board Trading Discussion
Re: The Best Trading TOOL
by
pundit
on 04/10/2018, 17:17:32 UTC
Really have the best trade tool? There really is a good trader who never loses money?
I believe there are good traders who do not lose money before they make money. BUt the best trading tool is not.
The skills that make a good trader are not tools. That is... :
1. Discipline: They always follow an absolute discipline. They do not fomo according to the market. They always avoid losing money before getting the money. They know stoploss and take profit at the right time. 5-10% is their discipline number. For a good trader, the biggest discipline is greed. Never greed
2.Psychology: They will not be affected by market sentiment. They have patience. They did not rush into the order. When all the tools announce a good signal. they will enter the market.
3.Understand the market: They never fully trust the market. They always know the trick and be wary of the market. The most important thing for a good trader is not to believe in the future of the market. They only trust themselves.

You have already explained qualities of a good trader, discipline is something needs to followed religiously to be a good trader, I want to add here - a good trader know to fear and greed in the market, he does not make opportunities in the market but wait for the right opportunity, patience is what plays a role here, good trader believes in himself rather than wasting money on other's advice.