Bad Traders Versus Good Traders, the BIG DIFFERENCES

Bad Traders Versus Good Traders, the BIG DIFFERENCES


 

Bad Traders Versus Good Traders, the BIG DIFFERENCES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  1. Bad traders are very arrogant and opinionated on the future direction of the markets. The best traders I know are very flexible and just go with the flow.

  2. Bad traders love to give out unsolicited advice, question, and argue with others. Good traders just share what they are doing and let others ask questions if they want to.

  3. Bad traders are completely focused on being right all the time while the good traders are focused on trading the price action.

  4. Bad traders are obsessed with the future, good traders are obsessed with the present moment.

  5. Bad traders like to trade too big and good traders like to trade small.

  6. Bad traders look for a great stock pick while good traders look for a great trading system.

  7. Bad traders are usually very emotional while good traders are very logical.

  8. Bad traders are completely focused on the money they can make while good traders are concerned with the money they can lose.

  9. Bad traders trade their opinions, good traders trade the price action.