Kardec Trader breaks down three traits that separate profitable traders from the rest: emotional stability through wins and losses, the discipline to skip untradable days, and learning fundamentals before chasing technical strategies. Without these foundations, traders give back their profits.
There's three key traits of a successful trader that I think everyone needs to embody. So the number one thing is the emotions. A successful trader, whether they're in a winning trade or losing trade, they are always grounded. There's never a feeling of euphoria and there's never a feeling of frustration and sadness for more than a few minutes. The number two thing is ability to see risk versus reward. Most traders when they start trading, they think that every day is the same and you can make the same amount every day. A successful trader understands that not every day is a good day for trading. There may be certain levels that are more probable to go well beyond that level. And there's certain days where you're just going to get stuck in a range. And then the third thing is the focus on learning. Learning is everything. In the beginning, most traders are just focused on making money. Successful traders, they understand that building the right fundamentals is the absolute key to long term success. You need to start with these three before you start learning all the technicals and all the strategies, because you're going to give all the money back.
