Apr 17, 2010

7 Habits Of A Successful Trader

             Successful trading requires more than fluke or luck. Luck is always there, always was and always will remain. One shouldn't give more than 10% weightage to luck or what I say better word for us "Random result of Uncertainty". So the rule is to learn and grow. I have also mentioned earlier to cut the competition. There are suckers, brokers, intelligent people, investors, traders, jobbers, arbitrageurs, insiders, promoters, punters, fiis, mfs, and now even quant machines rivaling you in this game of market. You can easily outsmart the fools and the sucker class. They either don't remain in the market for long time. Yes, more keep on coming. But you will have to come across the competition from the above-mentioned non-sucker and smart class of participants.



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