Post
Topic
Board Trading Discussion
Re: Some qualities a good trader should have
by
alastantiger
on 16/11/2024, 11:05:50 UTC
Patience is needed, you have to be patience in terms of lost, trading is not always about benefits at all times, you will always run into lost a lot and that might trigger you to want to back out, but with patience you can scale through.

Another thing is discipline,  by disciplining yourself you will have the enablement to purse a goal you have set, and it will help you to be forced at all times.

Patience and disciplined will help you as a trader to realize your profits. Having patience already means you're disciplined because it's only a discipline trader that can exercise patience with the market. When you have patience it shows you understand the market and you can only understand the market when you have gone through the stages of learning to become a trader. You don't understand the market by just reading without any practice.

Being a disciplined trader, there isn't anything that the market will do that will make you bothered because when losing, you won't be be panicking and when being victorious, you won't be over joyous but stay disciples and keep winning. Some mistakes traders make is to celebrate too early when they haven't taken out their profits, don't do that as a trader.