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You must have all three to trade successfully and they're written in order of importance.
You must also learn each aspect in the order I have written them. You can be a master of trading psychology or money management, but if you don't have a technical edge you won't make money.
95% of retail traders never overcome step 1, this is why so many fail.
One thing I've known is that, to be successful in trading, you have to be smart in all round anything that has to do with that line of problem, trading is exactly trying to take money away from highly smart people who are also trying to take money away from you, this is why trading is so hard for most, especially those who are not smart.You must also learn each aspect in the order I have written them. You can be a master of trading psychology or money management, but if you don't have a technical edge you won't make money.
95% of retail traders never overcome step 1, this is why so many fail.
Being smart as a trading involved alot of things which I believe those three attributes you mentioned that makes a good trader are also part of, but in all, being patient with learning is very important, and if possible, don't depend or base your learning from online alone, find a physical mentor, someone that is very good and has also succeeded as a trader to also learn from physically, this is very important.
walking intro trading with the mindset that you're going to war gives you a massive edge - it sharpens your patience, make you alert, and pushes you to calculate every move before making a single decision.
Original archived Re: what makes a good trader?
Scraped on 03/08/2025, 20:12:09 UTC
You must have all three to trade successfully and they're written in order of importance.
You must also learn each aspect in the order I have written them. You can be a master of trading psychology or money management, but if you don't have a technical edge you won't make money.
95% of retail traders never overcome step 1, this is why so many fail.
One thing I've known is that, to be successful in trading, you have to be smart in all round anything that has to do with that line of problem, trading is exactly trying to take money away from highly smart people who are also trying to take money away from you, this is why trading is so hard for most, especially those who are not smart.You must also learn each aspect in the order I have written them. You can be a master of trading psychology or money management, but if you don't have a technical edge you won't make money.
95% of retail traders never overcome step 1, this is why so many fail.
Being smart as a trading involved alot of things which I believe those three attributes you mentioned that makes a good trader are also part of, but in all, being patient with learning is very important, and if possible, don't depend or base your learning from online alone, find a physical mentor, someone that is very good and has also succeeded as a trader to also learn from physically, this is very important.
walking intro trading with the mindset that you're going to war gives you a massive edge - it sharpens your patience, make you alert, and pushes you to calculate every move before making a single decision.