Wed 10/16/2019 08:20 ET
DJIA27024.80240.520.89%TELCO190.422.611.37%GOLD1482.650.890.06%Shanghai2978.7112.210.41%
S&P 5002995.6829.961.00%BANKS461.779.242.00%OIL53.110.300.56%BITCOIN8077.65121.161.50%
NASDAQ8148.71101.041.24%PHARM561.806.011.07%US/EU1.100.000.00%Futures2991.386.280.21%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Educational Resources   

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
  
From: analyst75 (Rep: 0)Date: 10/26/2018 13:23
Forum: Educational Resources - Msg #203Thread #674044239 (Rec: 0)


4 Things Traders Must Do To Be Successful

THESE 4 TRAITS WILL MAKE TRADERS SUCCESSFUL

If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you're not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it's not. In decades of working with billionaire hedge fund managers and traders, he's found that traders that are passionate about trading don't put in the work and trade too much.

To be successful trading, Dr. Steenbarger has learned:

1. A rule of thumb for how traders should control losses so that they never lose more in a morning than they can make in an afternoon, more in a day than they can make in a week and more in a week than they can make in a month;

2. Why traders should not just focus on minimizing their weaknesses, but also maximizing their strengths;

3. A simple trading journal that will help you improve each day; and


4. That the best traders are ones that embrace losses and use them to become better.

Author: Dr. Brett Steenbarger

Source: https://blog.topsteptrader.com/brett-steenbarger-limit-up-futures-trading

www.tallinex.com wants you to make money from the markets.

What would you like to do? Message: Endorse | Bookmark | Report AbuseUser analyst75: Reward | Watch | Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.