• Self-awareness; – Knowledge of oneself and how one acts and behaves in situations and environments.
• Self-Belief; – Self-Confidence – assuredness in one’s actions, judgments and abilities.
• Self-Trust; -The ability to have faith in oneself under duress and pressure.
• Self-Reliance; – Ability to depend on one’s own capabilities, judgment, and resources , and acceptance that nobody else is responsible for profits and losses.
• Self-discipline; – A structured approach that keeps a person focused and grounded against negative forces and pressures.
• Self-Control; – Is the ability of exert mind muscle and will-power to overcome the negative effects which can so easily distract and distort perceptions and judgments.
• Self-Motivation; – Describes the initiative to undertake risks and activities when the mood and environment have been counterproductive.
• Self-Esteem; – High regard, respect or value for one’s self, but not to the level of being conceited, or having an over-inflated opinion of their worth.
• Self-efficacy; – Belief in one’s own competency and ability.

In summary, successful traders take responsibility for their own actions, but rarely beat themselves up. – If I was to sum it up succinctly, they know themselves, they like themselves, they believe in themselves, and above all – ‘they are comfortable in their own skin’.  (more…)