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5 QUALITIES OF A TOP TRADER
Talking about qualities of top traders means talking about some of the characteristics that you will find in successful traders. During my research I found out about some five strong qualities that affects a traders performance in the market.
1. ACCEPTING TRADING RESULTS AS THEIR OWN PRODUCE
Top traders believes that they are responsible for any of their trading result. They will never shift blames on any form of external source or any other thing. This is the mistake most traders do they often play the blame game, blaming one indicator or the other for their flaws in the markets. This is what you will not find in top traders, they accept responsibility for the results they come out with in the markets.
2. THE INTERSET AND DESIRE TO REALLY UNDERSTAND THEMSELVES
No one can really understand how he/she creates results if the person does not first understand himself/herself intimately. This is also true in the trading world. The desire to truly know yourself will greatly improve your results in the markets.
Great traders continually study and challenge themselves, their thinking, their actions and their reactions.
3. DISCIPLINE TO CONTINUALLY WORK TO IMPROVE THEMSELVES
Discipline creates excellence. Top traders continually work to improve themselves. The study and research never stop. The market is dynamic so it needs to be followed day in day out with a lot of study and research. A top trader or potential top traders always work to develop a discipline that makes them improve themselves.
4. THE ABILITY TO STRATEGIZE WELL
Top traders execute their strategies based on robust business plans that they have created to guide their trading. They have taken the time and effort to form meaningful objectives. They have also developed effective strategies to reach those objectives by understanding the multiple scenarios that are possible and how they will respond.
5. THE ABILITY TO GET IN THE ZONE
Top traders can become one with the market and accurately sense what it is doing. They have the ability to live in the present moment without being influenced by the past or the future. It's a very intuitive state and often gives them a total sense of how successful their moves will be in the market even before they make them.
Now, take a look at yourself and consider honestly if you have what it takes to be a top trader.
Have a splendid time trading.