successful traders and unsuccessful traders

[Roya_987]

the distinction between successful and unsuccessful traders often lies in discipline, risk management, and emotional control. Continuous learning is key.

 

[JoJozil]

Successful traders rarely think of the success because they relish their pastime and they are fully focused on the process, not on the result.
Surely, I don't want to be cunning and say that professionals don't care about profits. They do, and actually that is the primary reason why they decided to develop in this sphere. Still, they really delve into activity to enjoy, and to make money. They have certain money, they can trade large volumes, so the rest is about pleasure, i think.

 

[chen2020]

Yep, I thought about it, but it's recommended not to dive so deep in this topic as it may cause new fears of the market.

Successful traders are more tough-minded, prudent and disciplined. They know when to open position, which position to open, where are opportunities and so on. They deliberately restrain themselves from rushing actions.

Unsuccessful traders on the contrary are those hotheads who always rush, snoop around, and are literally considered to be plugs for every barrel. They don't know how to select assets for trading, they don't know how to seek potentially lucrative entry points and of course they abuse leverages.

It's insightful to see the contrast between the steady, methodical approach of successful traders and the impulsive attitude of less successful ones.

 

[chen2020]

yes i thought about it and also i think about it a lot
i think the main answer is learning
learning can help you to make the difference
you don't need to make mistakes again and again and it can easily help you to become better, so learning is the point

Continuously learning and risk management are undeniably huge elements of successful trading

 

[chen2020]

the distinction between successful and unsuccessful traders often lies in discipline, risk management, and emotional control. Continuous learning is key.

Successful traders rarely think of the success because they relish their pastime and they are fully focused on the process, not on the result.
Surely, I don't want to be cunning and say that professionals don't care about profits. They do, and actually that is the primary reason why they decided to develop in this sphere. Still, they really delve into activity to enjoy, and to make money. They have certain money, they can trade large volumes, so the rest is about pleasure, i think.

Your insight hints at a poetic nobility in the path of trading

 

[Komondar]

Successful traders rarely think of the success because they relish their pastime and they are fully focused on the process, not on the result.
Surely, I don't want to be cunning and say that professionals don't care about profits. They do, and actually that is the primary reason why they decided to develop in this sphere. Still, they really delve into activity to enjoy, and to make money. They have certain money, they can trade large volumes, so the rest is about pleasure, i think.

You're right. Successful traders focus on the process, enjoying the trading itself

 

[Komondar]

Continuously learning and risk management are undeniably huge elements of successful trading

Not only are these great skills for trading, but they are also invaluable in everyday life

 

[Benjihenco8219]

For me, its the discipline and the mental fortitude that separates them from the rest, because of course, they have all the knowledge and experience in the world, after years of trading.

 

[Komondar]

"Nothing in this world can take the place of persistence. Talent will not: nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not: the world is full of educated derelicts. Persistence and determination alone are omnipotent."
Calvin Coolidge

 

[chen2020]

You're right. Successful traders focus on the process, enjoying the trading itself

Totally, it's all about loving the grind. The thrill of the trade is what keeps the fire burning.