Five Characteristics of Successful Traders Exposed

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As a former money manager I associated with a lot of other money managers. Some of them were successful, some of them were not and none of them ever taught their systems. They all said I was crazy when I said I was going to teach my system. But knowing what I know about volume and liquidity on the daily charts I knew I would not be hurting myself. No trader worth their salt would ever share their system if it hurt their own fills and performance no matter how “nice” they seem.

With that said I want to share with you five characteristics of successful traders. All the successful money managers I know had these traits.

1)Successful traders don’t “make things happen”. If you try to force the market and enter too early because “you know it’s going to go up” you will get hurt. The key is to be a follower, not a leader. Follow your system (if it’s a proven system like mine) and don’t make things happen outside of it. If you have a trigger finger and can’t help clicking your mouse, then do it on a demo account. Just don’t think when you get lucky a few times that it’s ok to “make things happen’. That is the whole reason for using a system and milking the slight edge it gives you.

2)Successful trades are prepared. It’s very important that you have a trading plan and that you stick to it. I will show you how to plan each trade quickly and easily each night in only 5-10 minutes after you learn my system.

3)Successful traders remain emotionally detached. Once you enter a trade, are you willing to forget about it until your pre-determined exit strategy is met? I admit that it’s fun to watch your trading account soar in a matter of days, but watching it too closely can be dangerous. My after market trading plan eliminates 99% of emotion.

4)Successful traders expect to become rich. Can you picture yourself wealthy? Successful traders can. Don’t limit yourself. Prosperity must be on the inside of you before it is on the outside. If not you will self sabotage your trading account when it starts to get too high because of a subconscious hang up that you don’t deserve to be rich. I will teach you how to think and overcome any hidden physiological obstacles that are hindering you from success. That is part of my mentoring program.

5)Successful traders all had a mentor. Warren Buffett looked up to and learned from Ben Graham. Jim Rogers learned from George Soros. My personal mentor is still in the business (and no he doesn’t teach his system). Sure Warren Buffet modified his system from Ben Graham and later modified it to make it his own. That is why my system has three sets of trading rules.

One for those who are very conservative.

One for the aggressive students.

This enables you take ownership of your trading. Taking ownership might be listed as number six. Why would you be any different in respect to needing a mentor? I’m not sure you understand how life works if I have to “sell” you on this part. For example, did anyone teach you anything so you could do your job more effectively on your current job? I guarantee you will learn a few valuable techniques in my course that will make it all worthwhile even if you are the rare person who is on my email list and is already successful.

I will quit selling my course the week my personal account starts to get extreme slippage. No need for concern; for 12 more months after I shut down, I will continue to support all current members with two weekly webinars and email support. I don’t have a guess as to when this will be because it is not dependant on the number of students I have, but on the size of their accounts.

The author,Big A, a former large fund manager, exposes insider trading secrets that “they” don’t want you to know about. Are you ready to discover the newest asset class and learn how to exploit it in only 5-10 minutes per night? Then EFT Trend Trading could be the thing for you. Visit EFT Trend Trading to receive his free newsletter.

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Article Citation
MLA Style Citation:
Ames, Patrick "Five Characteristics of Successful Traders Exposed." Five Characteristics of Successful Traders Exposed. 4 Aug. 2009. uberarticles.com. 16 Apr 2012 <http://uberarticles.com/finance/investments/five-characteristics-of-successful-traders-exposed/>.

APA Style Citation:
Ames, P (2009, August 4). Five Characteristics of Successful Traders Exposed. Retrieved April 16, 2012, from http://uberarticles.com/finance/investments/five-characteristics-of-successful-traders-exposed/

Chicago Style Citation:
Ames, Patrick "Five Characteristics of Successful Traders Exposed" uberarticles.com. http://uberarticles.com/finance/investments/five-characteristics-of-successful-traders-exposed/

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