Friday, July 24, 2009

Desirable attributes of a Successful Trader

#> Auto-control: Managing emotions and stress.

#> Discipline: A plan and follow it, observe the strategies raised.

#> Self-confidence: Coming from both, market knowledge, and self of our strengths and weaknesses.

#> Ability to accept: Being psychologically prepared to take risks and accept losses.

#> Tenacity and perseverance: The stock tarde market is a long term market; you must learn to be patient and wait and persist in getting to your profit points. Also you must not get discouraged at the first signs of price reversals.

#>Ability to adapt: Keep an open mind and be receptive to new ideas and changes in the market.

#> Self-criticism: To learn from our mistakes.

#> Tolerance to the pressure: Be calm and understanding of the surrounding environment of stress.

#> Perception and common sense: Setect market opportunities and distinguish those highly profitable and meet the expectations of what the market could do next.

#> Selective Mind: Ability to separate the stock market forecasts in general, the current positions of the market, not to think about the market from the perspective of an open position.

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