Original archived Re: what makes a good trader?
Scraped on 28/07/2025, 17:34:37 UTC
A good trader is someone who is good mentally, financially, emotionally and even physically. This why money management, psychological management and having technical and fundamental knowledge are a must, otherwise you will never be good enough to combat the trading risks and challenges in the market.
Also, a good trader isn’t just that, but it also takes even a little bit of luck so that the market behavior will come to favor you, thus giving you higher potentials to win your trades despite how unpredictable the market is.
Your words are very realistic and deeply observant. Mental stability, proper money management, and fundamental and technical analysis skills are essential for a successful trader. However, it is true that some of it depends on luck, but if you do not have proper knowledge about the market, you will have to face losses. Because the market does not always move logically; many times uncertainty and unexpected events affect the results of trades. I think a good trader can analyze his knowledge and build the future.