What makes someone a good trader?
What makes someone a good trader?
The other day I counted the time I spent trading/scalping and the thousands of operations I had done over the years.
It is impressive to see how, over time, you are learning, you are changing the strategies and you are optimizing your operation to make it sustainable.
Yes, I believe that the key word is "sustainable", and by "sustainable" I don't mean that it has to be 100% winning, but at least that its operation generates more benefits than losses.
Many believe that everything in trading is based on identifying patterns, counting waves, following arithmetic or exponential averages... I would say that this is only 20% of all trading management. The remaining 80% is made up of other subjects, although I believe that at least more than 40% of success as a trader can only be assured by a single discipline, the most important from my point of view.
Tell me, which do you think is the most important?
- Entry and Exit point identification
- Selection of the best Indicator/Strategy
- Risk Management
- Pattern Identification
- Risk 5% of your budget as maximum in each trade
- Elliot-Waves theory
- Follow the trend
Answer the question at dpoll.io.
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Since I am not a trader I cannot tell. Am only investing long term. But I think risk management & entry/exit definition are important in both areas.
so... you are a long-term trader
🤣 If you want to call it that way.
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'Following the trend' and 'Risk management' would be the most important for me
Risk management is the most important thing so you can be sustanaible and stay in the game.
Then maybe pattern identification so you know where to make your entry and exit
First of all one has to read everything about it and after that one should go and trade in this way otherwise he will only make loss in his life. And if the attitude of man is to make profit then he can never be successful because both things can happen within the business.
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I'd say risk management out of the options that you mentioned
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