Trading is a competition and a business. It needs hard work and a great deal of self-discipline. To survive in this business, traders must be smart, disciplined and patient.
Characteristic of a trader
Traders are patiently waiting for the trading signal. If they are wrong, they have the discipline to get out of the trade and minimize the loss. People who succeed in this business have worked hard to get there. Traders believe that there is always a room for self-improvement. They are also not worried by a sequence of appalling trades. They are confident that their trading discipline, risk management, and perseverance will eventually translate into success. Traders should be able to make trading decisions without panicking.
Now, do you have these characteristics???
Just want to share this beautiful quote...
You can observe a lot by watching - yogi berra.
Try to look at the chart and read it carefully. It tells a lot..
TIMING IS EVERYTHING IN THIS BUSINESS.
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