14 ATTRIBUTES OF SUCCESSFUL TRADERS:
1.
View TA as a picture of where traders are lining up to buy
and sell
2.
Approach trade no.5 with the same conviction as the previous
4 losing trades
3.
Use naked charts
4.
Comfortable making decisions with incomplete information
5.
Do not think of markets as expensive or cheap
6.
Aggressive with trade size when doing well and modest when
not
7.
Realize the market will be open tomorrow
8.
Judge their trading success on anything but money
9.
Study human psychology – Use ful books are- The wisdom of
crowds by James Surowiecki, the art of strategy by Avinash Dixt and Barry
Nalebuff, Markets Mobs and Mayhem:A modern look at the Madness of Crowds by
Robert Menschel, extraordinary popular delusions and the madness of crowds by
Charles Mckay.
10. See
themselves as market makers. Think like a market maker and not just a
trader
11. Practice
reading the right side of the chart, not the left.
12. Always
have an edge, don’t trade if you don’t
13. Determine
position size based on risk, not round numbers
14. Play
reaction, not the news
