I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.
*What else is required for such a person to control,is it still his or her emotions or what next?
*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?
Controlling emotions is an essential part of being a successful trader, but it is not the only factor that determines success. There are several other skills and qualities that a trader must possess to be consistently profitable in the markets.
One important skill is risk management. A trader must have a solid understanding of how to manage risk, including position sizing, stop losses, and risk-to-reward ratios. Without proper risk management, even the most disciplined trader can quickly lose money in the markets.
Another important quality is discipline. A trader must have the discipline to follow their trading plan, even when faced with difficult market conditions or the temptation to deviate from their strategy. This means sticking to their trading rules and avoiding impulsive decisions based on emotions or external factors.
In addition to these skills and qualities, a successful trader must also have a deep understanding of the markets they are trading in, including technical and fundamental analysis, market trends, and economic indicators. They must also have the ability to adapt to changing market conditions and constantly learn and improve their trading strategies.
If a trader has all these skills and qualities and is still experiencing more losses than profits, they may need to reassess their strategy and make changes. This could involve backtesting their trading plan, refining their risk management approach, or seeking advice from a mentor or trading community.
In terms of what kind of trader to call such a person, it would depend on their approach to trading. If they are a long-term investor who is experiencing short-term losses, they may still be considered an investor. If they are actively trading the markets, they could be called a struggling trader. Regardless of their title, the important thing is for them to continue learning, growing, and adapting their approach to improve their chances of success in the markets.