Good day guys am back with another financial post about trading, I recently started trading ever since I have started understanding a lot about the market from chat work to psychology and fundamentals, sorry if am not really active on hive I try to be, but still haven't made it a full habit, no excuses anymore for me, so let's dive in.
Your all wondering what I mean by the mindset of a good trader, it's simply deal with what a good trade thinks about his trading, the kind of attitude he puts on, how he bears his risk an all, which are all exceptional. Now is it easy to get them, the answer is a yes or no depending on the amount of energy your putting in this, but I can assure you growth after you read through this.
A good trader possess certain attitude which I will be listen boldly below;
- They reflect on thier actions
- They are disciplined
- They are good readers/learners
As always I shorten them to be three easy attitude you can attain, although it depends on the effort you put into achieving them. To really make you understand why should get them, I will explain them and you will see advantages and why should add them to your trading game, let's go.
They reflect on thier actions
In all aspects of growth in life, you must checkout why your actions are working good or working badly for you, to avoid ascertain action or to make it continuous, as a trader your meant to reflect on each trade be it a loss or profit. To make it clear, you have to be conscious of what you did to get that profit, so as to improve in that analysis and help you win more, if a loss, you have to avoid such situations, either ways it reduces your chances of losing more trades.
They are disciplined
You have to have set of rules to follow, to say it in the trading term "Trading plan", this helps you reduce the risk of loss, because the step your about to take is more assured because it has been tested in the past and produced profit, so it is assured, this step includes majorly actions like patience and consistency, it also outlines the confluence you will have before getting in a trade. It involves ground rules that has undergone experiments and has been seen to have a higher chance of 80-99% chance of success, with you following them I can assure you success.
Source
They are good readers/learners
It is said;
"Good readers are learners
—--------unknown
If you read, you end up learning new things about life, now imagine does books are about trading you will be in a higher level of your craft, you will get an advantage of knowing new ways to follow the market, the market is a dynamic one but still it obeys certain rules which will be obvious to a good reader, imagine picking the most Common activity in all books that ensure your end goal, that's simply having a confluence of sure occurrence regularly, and also has 99% success level although this doesn't happen easily but still when gotten it's a great step to be in more profit than losses.
I will like to close this post with the promise of another similar to trading, just want to remind you, if your not a trader, you should really try it out and if you are, horn in to master your craft the more, remember the only place to be, is growth.
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