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Top 5 Characteristics of Successful Stock Traders
Trading is not about reacting to the News getting flashed on the TV screen. If that was the case, Business News Readers or Reporters should have been richest person in this world. But, it is not the case.
Trading is not just about finding a strategy, practicing it and then making oodles of money.
When we look at the journey of most successful Traders, we see some beautiful and similar patterns.
In This Podcast, I am discussing about the top 5 characteristics of Successful Stock Traders.
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If this podcast inspired you, please drop a 5-star review on Spotify or on Apple
Hi, I’m Tappy, an Independent Stock Trader & Investor. I’m on a mission to reform the trading system by building a new breed of Stock Traders and Investors. I want to inspire India to be the Trading and Investment Hub of the World. I train students about the mistakes which I had made during my initial years and mentor / coach them with the help of technical analysis so as to cut short their journey.
19 Responses
Thanks for Sharing valuable points of successful traders
Thanks a Ton, Amarendra!
#MFHFFAMILY
Do these things to be a successful trader
1. Always have a trading plan and do the homework
2. Discipline
3. Patience
4. Avoid overtrading
5. Maintain trade journal
#MFHFAMILY
More power to you, Rakesh.
Thank you, Rakesh!
1. Keep doing Technical analysis based on Trend
2. Plan the trade with longer run
3. Control emotions while doing trade
4. Check fundamental of the stock before invest
5. Trust stock market is magic with right knowledge and learnings and definitely its not gambling.
#MFHFAMILY
On point, Senthilkumar!
I am now having confident that
1 point i am lap into 50 per and remaining 50 trying to fill this point.
2nd point – still working on this one. Most probably will become more discipline in next one month.
3rd point – i am having good amount of patience and also value of time. Now a days i am putting lot of points in learning.
4th point – i am not overtrading now a days. Only stick to my system
5th point – i am maintaining trading journal and reviewing each and every day when ever i traded and also weekly i will analysed what ever i analysed last week and on next week what will be the plan.
So i am happy now i am trying to fill 50 percent of successful traders characteristics.. Thanku Tapas..
#MFHFAMILY I am now having confident that
1 point i am lap into 50 per and remaining 50 trying to fill this point.
2nd point – still working on this one. Most probably will become more discipline in next one month.
3rd point – i am having good amount of patience and also value of time. Now a days i am putting lot of points in learning.
4th point – i am not overtrading now a days. Only stick to my system
5th point – i am maintaining trading journal and reviewing each and every day when ever i traded and also weekly i will analysed what ever i analysed last week and on next week what will be the plan.
So i am happy now i am trying to fill 50 percent of successful traders characteristics.. Thanku Tapas..
Thanks a ton, Harish.
Good takeaways, Harish.
Hi Tapas,
Characteristics of successful Traders are:
1. Trading plan – Analysis and execution and do the homework
2. Discipline – Never stick to the same strategy , continuous improvement is the key to success
3. Patience – Requires lot of patience while taking the entry/exit , wait for good opportunity based on your home work and analysis
4. Avoid over trading
5. Trading journal – Maintain journal and review it periodically and track the profit / loss and improve your skills based on that
#MFHFFAMILY
Great takeaways, Laxmikanth!
1. Trading Plan
2. Discipline
3. Patience
4. Avoid overtrading
5. Maintain Trade Journal
we follow the above rules which gives confident.
thank u.
Great to have you in the community, Satish.
1.Before trading ,do a proper homework
2. During trading, more disciplined take step according study
Thanks for sharing, Deepak.