them talk about how they make their living in the markets, hearing them say similar things about how they approach every trade. When
traders who all make over $200,000 per year say the same things, being traders ourselves, we listen. Through those hundreds of interviews, some
over the phone and some in-person, we compiled a list of 10 habits that are common among almost every wealthy trader with whom we have
talked. Some will be familiar to you, others may be surprising. Either way, we hope you will find at least one or two habits you can add to your own
trading plan to make more money, more consistently, as a trader.
1. Wealthy Traders
Are Patient with Winning
Trades and Enormously
Impatient with Losing Trades
2. Wealthy Traders Realise
that Making Money Is More
Important than Being Right
3. Wealthy Traders View
Technical Analysis as a
Picture of Where Traders
Are Lining up to Buy and Sell
4. Before They Enter
Every Trade They Know
Where They Will Exit for
either a Profit or Loss
5. They Approach
Trade Number Five with
the Same Conviction as
the Previous Four Losing Trades
6. Wealthy Traders
Use “Naked” Charts
7. Wealthy Traders Are
Comfortable Making Decisions
with Incomplete Information
8. Wealthy Traders
Stopped Trying to Pick
Tops and Bottoms Long ago
9. Wealthy Traders Do
Not Think of the Market
as “Expensive” or “Cheap”
10. Wealthy Traders
Are Aggressive with Size
When They Are Doing Well and
Modest When They Are Not
Source - www.tradersonline-mag.com