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October 25, 2019

The #1 Trait of a Successful Trader?

TraderNick

What makes a Trader Successful?

Is it getting the perfect technical setup? Is it trading the right timeframes? The best currency pair?

Everyone seems to have an opinion on the best way to trade, but there's one thing that I've noticed that is present in every successful trader I've met. As cliche as it sounds, having a winning mindset is commonplace in every successful trader I know.

Winning traders are open minded. They're usually very friendly and approachable, and they have an apparent readiness to learn. Possibly the most noticeable trait of a successful trader is that they are willing to admit when they're wrong, and they are extremely comfortable in their own skin.

Every trader's journey is unique, but successful trading doesn't start on the charts in my opinion. It starts with mastering your self, and the internal conflicts we all face. This involves working out our insecurities and starting to deeply understand our own strengths and weaknesses. A successful trading journey is built upon a successful mindset journey.

On the contrary, the unsuccessful traders are attracted to the easy answers, are not willing to put in the effort required, and have a hard time admitting fault.

In my own journey I always thought that my battle was with the market. Countless of hours and lessons learned later, I realize all along that the real battle was with myself.

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