Traits Of A Successful Trader and Investor

Use it as a checklist for your own trading/investing preparation & implementation.

These traits are very important for you to understand - and we suggest you try to adhere to them in order to truly become a successful trader. These traits coupled with the proper psychology can make a difference in your overall trading/investing performance.

- The ability to act on your decisions.

- The ability to accept responsibility for your actions.

- You must have emotional detachment from the markets.

- The ability to accept risk and take losses (you'll never be right 100% of the time).

- The ability for independent & creative thinking.

- The ability to develop insight & proper course of action in various market situations.

- The ability to have self-control.

- The ability to adapt quickly to changing market conditions - being flexible.

- Accept your inability to control the market's movements (the market is always right).

- The ability to function in both structured & unstructured environments (up, down & sideways markets)

- You must have a commitment & focus on the task at hand.

- You MUST effectively manage your stress in order to strive & survive in this business.

Other critical traits:

- Self-Discipline
- Knowledge
- Decisiveness
- Positive Mental Attitude
- Consistency
- Self-Control
- Concentration
- Persistence
- Patience

All these traits have to do with your psychological make-up. You must overcome any and all psychological pitfalls if you want to achieve both profits and attain longevity in the markets. It is the psychology of traders that moves the markets and that's why your thoughts and feelings are important. Remember, whether you're a day trader or long-term trader, your thinking and emotions will affect your trading.

- Your thoughts control how you feel, thus feeling "Positive" gives you a greater chance in being successful in the markets. Here's a quote that conveys this statement:

"When you are feeling gloomy, everything seems to go wrong; when
you're feeling cheerful, everything seems right."

- Remember, you are totally responsible for your actions 100% of the time. Never blame anybody else. This is very important in trading/investing. Here's another quote:

"A fool is quick tempered; the wise man stays cool in the face of insult
or adversity."

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Kiran V. ~ Macomb, MI

Thank You Todd!

Just a note to thank you for the One-On-One Training in your methodology of trading the markets. As I have told you on the phone, I believe your methodology of analyzing price structure of the markets is absolutely fundamental. This analysis is so fundamental that I find it tradable in Any Market, not just the S&P 500 market.

As you know, I am now trading full time in the S&P's due to the confidence I have in your trading techniques. My confidence comes from the fact that you have taught me how to trade as opposed to programming me without a truly comprehensive understanding of what the market is trying to tell me.

Since I can anticipate what the market should do in a given situation, I don't freak out anymore if the market goes against me. All the books say, "listen to what the market is telling you," now I finally understand a little something.

I am writing this letter to emphasize that I really appreciate the One-On-One Training; it was an Absolute Bargain! At the very least, it totally focused my analysis of the market; at best, it has helped Change My Life!

Dave G. - TX