What Makes a Good Trader?

What separates good traders from bad traders?

 

A good trader realizes that trading is patience, discipline, and requires a trading approach adapted to their specific psychological

profile.

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A good trader concentrates on the PROCESS of trading, and not just on the result.

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Here’s a list of other things that good traders do:

 

What Good Traders LIKE SenseiFx Do

A good trader knows if they have sufficient risk capital in order to achieve their financial objectives.

 

A good trader always acts according to their own judgment. They think for themselves rather than be blindly influenced by others.

 

A good trader never trades on hope. They analyze the market and take calculated risks.

 

A good trader stays out of the market when in doubt.

 

Practice Semen Retention

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Dedicated to his craft

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A good trader does not chase the market. They wait for signals to appear based on their market analysis and trading strategy.

 

A good trader does not overtrade.

 

A good trader does not fight against the trend. While they may trade pullbacks or countertrend swings, they are aware that this price

movement is temporary.

 

A good trader always knows the reward-to-risk ratio of every trade.

 

A good trader cuts their losses instead of hoping that the trade will turn around.

 

A good trader allows their profits to run until an exit signal based on their trading strategy is triggered.

 

A good trader always analyzes their closed trades to find any lessons on how they can improve.

 

A good trader is patient and knows that there are periods when they don’t need to trade.

 

A good trader never widens a stop loss.

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A good trader never cancels a stop loss.

 

A good trader treats each trade separately.

 

A good trader exits the market when in doubt.

 

A good trader does not blindly follow the advice of others.

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