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SUCCESSFUL TRADER THAT YOU WANT TO BECOME

  
  Education
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The successful trader that you want to become is a future projection of yourself that you have to grow into. Growth implies expansion, learning, and creating a new way of expressing yourself. This is true even if you’re already a successful trader and are reading this book to become more successful. Many of the new ways in which you will learn to express yourself will be in direct conflict with ideas and beliefs you presently hold about the nature of trading. You may or may not already be aware of some of these beliefs. In any case, what you currently hold to be true about the nature of trading will argue to keep things just the way they are, in spite of your frustrations and unsatisfying results. – Mark Douglas

Successful trader

10 Signs You Might still be a New Trader

  
  Education
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  1. New Traders do not understand what all the fuss is about risk management and trader psychology they do not need all that they are special.

  2. New Traders believe there is some magic trading method that always wins, they search for the Holy Grail of trading.
  3. New Traders do not understand that the very best traders have strings of losses , losing months, and sometimes even losing years. They think rich traders always win.
  4. New Traders want to know what is going up or down, they focus on tips instead of the mechanics of trading.
  5. New Traders hand out advice freely to others, good traders realize that decisions are based on individual methods and do not give out tips.
  6. New Traders are looking for that one big winning trade to go all in on, good traders are trading good systems that they risk 1% per trade on.
  7. New Traders confuse bull markets for skill.
  8. New Traders confuse luck for skill.
  9. New Traders want advice, good traders want robust systems.
  10. New Traders run from method to method and from mentor to mentor after every losing streak, good traders know exactly who they are and what methods they trade.

 

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