8 TRADING HABITS OF SUCCESSFUL TRADERS👩💻👨💻
Consistently profitable traders have a lot of things in common. Watching how they act and following their ideas & thoughts we can spot a lot of commonalities among them.
In this article, I have collected 8 trading habits that a trader should have to become successful.
1️⃣ - Continuous Learning 📚
The markets are infinitely deep in their nature.
Trading & constant monitoring of the market always unveil new, uncharted elements and things.
With 8 years of day trading, I can't help wondering how many new things I learn each and every day.
With continuous learning you evolve, you become better and it improves your trading performance & results.
2️⃣- Emotional Stability 🙏
The market is a wild beast who always wants to bite us.
And most of the time it manages to do that:
drawdowns, losing streaks...
Those who trade for at least 1 year know how unpredictable and unstable the market is.
A perfectly looking trading setup can easily turn into a big losing trade.
Of course, that is painful, of course with more and more losers, the anxiety will pursue us, the stress will overwhelm us.
Only by remaining stable and calm, you will manage to overcome the negative periods.
Learn to control your emotions, learn to take losses!
3️⃣ - Constant Practice 💪
Pro traders never stop, they always watch the charts, they always monitor the prices, and follow the market.
Trading requires constant TRADING.
Just spending one single week on a vacation without charts, you can not imagine how hard it is to return back.
The trading skills must be constantly maintained.
4️⃣ - Trade Journaling 📝
Pro traders always assess their past performance & results.
They track each and every trading position that they opened.
Both losing trades and winning trades require analysis and observations.