Qualities of a Good trader

[hafiz shahid iqbal]

aik successful trader men boht si qualities hoti hen mgr un men sy gini chuni kuch ye hen k aik acha trader kbhi b loss sy mayuoos ni hota blke wo isay improove krta hy

[mian5575405]

bhai ak asha trader hum tab he ban skty hain jb hum apny emotion control kr skty hain is k bad hum ko money manege ka pta hona chaye k ktny balance k sath hum ktni trade open kr skty hain is k bad hum ko asi koi bhi trade open nahi krni chaye jin man hum confuse hon or trand ko fallow kr k he trade lgani chaye

[Lassaad1983]

1) Loss cutting: Trading has this amazing historical footnote: If you study the great traders throughout history, they all share the same statement as their number one rule: CUT YOUR LOSSES! Capital preservation �keeps you in the game.� It is especially important once you understand the math: a 25% drawdown requires a 33% gain to get to break even; Down 33% means you need to rally 50% to get back to square one; As we saw in 2008-08, a -50% loss requires a +100% gain to get back to even. In sports �Defense Wins Championships.� The same goes for stock trading. Most traders need to focus more on defense.

Even Warren Buffett understand the traders credo: �The first rule of investing is don�t lose money. The second rule is don�t forget Rule No. 1.

2) Confidence: There is nothing worse than seeing a great opportunity but not having the courage to �pull the trigger� and execute the trade. Freezing up due to fear does NOT happen to great traders. These thoughts don�t even enter their mind because they are confident in their plan. They know wht they will do if the trade goes their way, and perhaps more importantly, they know what to do if it goes against them. Confidence cannot be taught. It comes from making decisions, taking action, and learning from experience.

3) No ego: Successful traders may have big personalities, but they separate their ego from their trading. They might have serious conviction behind their positions, but when the market proves them wrong, they don�t argue with it. They simply move on and accept it.

Two things I never argue with: the stock market and women. Both of them are smarter than me, and both are always right! (BR: Spoken like a married man)

4) Consistency: The best at anything are the best because they are consistent. Michael Jordan isn�t considered the best basketball player ever because he scored 30 points ONCE in a game. It�s because he averaged 30 points per game over his ENTIRE career.

Traders should not obsess with their day-to-day profit & loss. Rather, they should shoot for consistent positive months, quarters, and years with minimal draw downs. You do not want to be the �boom and bust� trader who does well in a strong market but gives it back during market corrections. These guys are a dime a dozen and typically get blown out of the market at key pivot points (Last cycle, I knew a few who became mortgage brokers � how is that for timing?)

5) Students of the market: Successful traders NEVER get complacent. They are always eager to learn, constantly looking to improve their skills.

One way to improve is through post analysis of your trades. It is important to look at your numbers and make sure your losses are smaller than your gains.

For technical traders, studying your entry points and looking at charts that worked (and didn�t work) is part of the constant learning experience of becoming a confident and consistently profitable trader.

[Honey16]

Discipline. Discipline is a key trait every trader needs. ...
Patience. Patience is directly related to discipline. ...
Adaptability. ...
Mental Toughness. ...
Independence. ...
Forward-Thinking. ...
The Final Word on Day Trading Traits.

[amirjaved]

good traders have many good qualities start trading with the good experience and good knowledge , learning first when enter in the trading business ,The principal indications of a decent dealer is that they are generally extremely tolerant, they are taught and are dedicated. they can stand to remain before their PC regular to rehearse more on Forex exchanging, and to reliably attempt to deal with their exchanging technique and give the more time in the trading business start with the good experience and learning

[Abidhanif]

a good trader always be sharp and stay fresh mind while trading because when you trading your mind will upset but you just need to be pacience and good trader trade when he know where markit will move now

[Humaira]

Best traders vo hoty hn jo apni hr trade sa sekty hn or jb un ko loss hota ha to next time or bater krna ke koshish krty hn or khud sa strategy bnaty hn.

[shakeel2017]

Ak acha trader hamesha hi bohat achay backup ke sath forex business ma entry karta ha aur wo hamesha apnay forex business ke anaylses ko check aur update karta rehta ha takay usay market ke up and down ma zayda struggle na karni pare. Is ke sath sath wo hamesha apni har trading ko preplan kar ke hi forex business ma entry karta ha.

[samia93]

My dear brother!
Forex me kamyabi ka raz Good Learning or Good Experience hai. Jo log ye smjhty hain k forex me bina Mehnat or learning kiye Success mumkin hai,Wo boht gahlt sochty hain.Wo log arzi profit to hasil kar sakty hain magr continuity is business ko jari nai rakh sakty. Or jo isya achi trhan learn karty hain or ziada se ziada knowledge hasil karty hain wo is me boht kamyab hoty hain q k unhain har lehaz se market ko handle karna ka trika pata hota hai or wo money managemnt k hadyar se apne account ko wash hony se bchaty hoey lamy arsay tak Profit hasil karty rahty hain.So....hamen forex ko sikhne or tarjba hasil karne pr facus kana chaye.

[incomejobs]

my dear good trader start trading with the good learning and good knowledge because good experience give the good profit and set the life only experience success you good trader watching and wetting for the best time when enter start trading with the good margin and good investment and select the good trading pair after watching the market enter in the trading job and earning the good money in the trading business this business is the risky business but good profitable online business and good earning way this is the best and great online job and good trader start trading with the good learning and experience