The Successful Trader
Posted 06-28-2010 at 01:17 AM by Jay McKean
“The Successful Trader”
The successful trader is a trader that consistently profitable over a long period with an unbreakable winning attitude.
What separates the successful professionals from the rest of traders who fail to produce consistent profits? Is it intelligence? Do they have superior systems? Nerves of steel? The answer is consistent winners have attained a mind-set that allows them to remain disciplined, focused and remain confident in the face of adverse conditions. Winners are no longer susceptible to the common fears and trading errors that plague everyone else. The best traders put trades on without the slightest bit of hesitation or internal conflict. Taking losses doesn’t produce the slightest bit of emotional discomfort. They don’t jump systems when a losing run occurs, blame the market or others for their lack of profitability.
The winning attitude is built upon time in the ditches back testing and forward testing methods that creates an edge. A deep understanding of the results produced such as maximum drawdown, win/loss ratio and profit factor builds the confidence to execute a trading plan.
The successful trader is a trader that consistently profitable over a long period with an unbreakable winning attitude.
What separates the successful professionals from the rest of traders who fail to produce consistent profits? Is it intelligence? Do they have superior systems? Nerves of steel? The answer is consistent winners have attained a mind-set that allows them to remain disciplined, focused and remain confident in the face of adverse conditions. Winners are no longer susceptible to the common fears and trading errors that plague everyone else. The best traders put trades on without the slightest bit of hesitation or internal conflict. Taking losses doesn’t produce the slightest bit of emotional discomfort. They don’t jump systems when a losing run occurs, blame the market or others for their lack of profitability.
The winning attitude is built upon time in the ditches back testing and forward testing methods that creates an edge. A deep understanding of the results produced such as maximum drawdown, win/loss ratio and profit factor builds the confidence to execute a trading plan.
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