10 TOP TRADING SKILLS

10 TOP TRADING SKILLS


10 TOP TRADING SKILLS

 

 

 

 

 

 

 

 

 

  1. Admitting that you are wrong the moment price action tells you that you are and getting out of a bad trade.

  2. Being patient and waiting for your entry signal and the patience to let a winning trade go as far aw it wants to before you exit.

  3. The discipline to trade the same regardless of how you feel at the moment.

  4. Following a trading plan instead of your ego.

  5. Trading in the direction of the trend in your time frame.

  6. The work ethic to do the homework on what works in trading before you put any money at risk.

  7. The passion to love the game enough to do what you have to do to break through to success.

  8. To accept your financial losses as tuition and the price of doing business not a blow to your abilities as a trader.

  9. Listen to those that are far more advanced as traders than you are.

  10. The perseverance to keep trading until you are successful at it not when you just want to quit.