1. Successful Traders Do Their Own Research.
Top Successful traders do their own research before entering into any trade. They always enter into the trade where there are clear conditions.
They do detail analysis of the past movement of market and find the best and clear movement product to enter the market.
2. Maintain a Trading Journal to Analyze Each and Every Trades.
Successful traders always keep record of their each and every trades which they traded. They maintain the trading journal and write down their market analysis.
They observe their trades whether the trade worked as planned or if they were just lucky. They study their past trades and analyze their accuracy in trading.
3. Strictly Follow the Discipline.
Successful traders strictly follow the discipline. They always follow the required rules and disciplines in the market.
First they plan and then they enter into the trade and set the rules to follow that trade. They deadly follow the rules and discipline for that trade as they planned.
4.Have a clear goal and mindset.
Successful traders have a clear mindset and a clear goal for any kind of trade. They have a perfect trading psychology to trade the market. They are never confused about their trade setup and have a clear plan about their trade.
Many successful traders practice yoga and meditation for concentration and to have a clear mindset.
5. Successful Traders Manage Their Risk.
Successful traders don’t trade with the money which they are not ready to lose because the pressure of losing it won’t allow to have the patience to make profits.
They don’t take more risk on any trade. Their risk per trade is calculated and never risk more for any trade.
6. Successful Traders Have a Trading Plan.
For any successful business their should be a plan. Successful traders always have a trading plan.
7. Successful traders Have a strategy.
There is no one strategy better than the other. They use one or more combination of the strategies which suits for them.
They follow the rules of that particular strategy and trade in a longer span to get better results.
8. They Accept the losses.
Without blaming the situation or any other things they accept the small losses quickly. If we are not able to take small losses then we have to accept the mother of losses.
If the trade is going negative then we must cut the trade and accept the small losses and also accept that we were wrong. If we can’t take a loss and accept we were wrong, we will never be a successful Trader.
9. Have a Patience.
Successful traders have a full of patience. They don’t have the attitude of becoming successful in a very short period of time.
They are unconditionally surrendered to get success in trading anyhow, whatever the conditions might be.
10. Focus on Price Behavior.
Successful traders focus on price science or price behavior methods. They observe the direction of the price.
They avoid the noise of the market and trade according to their own trading strategy since they knows that market always filter out the noise.
Happy Trading.
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