Xavier Sierra

Xavier Sierra
Financial Technical Analyst, Trading Systems Developer and Private Trader.
Je parle Français - Hablo Español

Saturday, 23 October 2010

Habits of a successful Trader

• Take complete responsibility
• Have a system that fits you.
• Plan a trade and trade your plan
• Work hard at learning how to trade properly and keep working
• Positive self believe
• View trading as a score in points and not in money

Don't expect to become a professional trader and consistent winner after a month of trading. It can take years for you to be a consistent winner. Never lose the respect to the market, be always vigilant of your emotions and be always alert and concentrated at 100%.

Think in probability, it is not about being right or wrong. Nobody is right all the time or wrong all the time. Learn first how to lose and control your loss and then learn how to win.

The best is to plan your trade when the market is closed and trade your plan when the market opens. Don't let your emotions control you, learn how to interpret your emotions, don't try to avoid them or even worse ignore them.

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