Checklist to be Profitable trader

  • Capital flows from those who fight trends to those who follow them.
  • In the long term money flows to those who manage risk and are able to hold on to their profits from those who don’t manage risk.
  • Traders that persevere through the learning curve stick around long enough to make money from those that just trade with no understanding of what they are doing.
  • Robust systems take money from traders with no edge over the markets.
  • Traders that trade price action take money from those that trade opinions.
  • Traders that enter a trade based on a reversal signal make money form those that stubbornly hold on to a losing trade and hope.
  • Money flows to those who let winners run from those that hold losing trades and hope.
  • Capital flows from those that trade a winning methodology from those that trade on emotions.
  • Those with big egos pay a price to try to prove they are right by holding a losing trade those that admit they are wrong quickly keep hard earned profits.
  • Money flows from those who do not know how to trade to those who do.

1 thought on “Checklist to be Profitable trader”

  1. Really very practical and 100% true article for becoming practical and professional profitable trader
    Thank you very much for this article

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