Top 10 Good Habits of Traders

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A #Thread on the Good Habits of Traders

Change, Accept and Begin to Work on it.

Identify your Habits, Beliefs, Do’s & Don’ts picked up in the past.

Trading Realities can change the person you are.

#TRADINGTIPS #Trader #MONEY #MondayMotivation

1.  #Patience

Patience in Good Trades and Impatience in suspect trades is their hallmark.

The balance between Patience & Impatience is a process-based call than judgemental

For example, in Nimblr Process CCI Indicator is well used to stay in the trade or exit.

#Trader

2. Being #Joyous

Being Joyous is most certainly a trait in most GHTs

They find time to enjoy, as joy heals them.

As they believe, Goddess #lakshmi visits peaceful and Joyous Abodes.

देवी लक्ष्मी शांतिपूर्ण और आनंदमय निवासों का दौरा करती हैं

#Trader #motivate

3. Being Less #Hopeful

GHTs exit trades that demand living on Hope.

Being Hopeful is a way to postpone out of fear of loss.

Hoping against hope that with time price will revisit and escape unhurt.

Being Hopeful isn’t good in a Trader’s Armoury

#Trader #MotivationalQuotes

3. Being #Unrighteous

Good Habit Traders are never righteous over their opinion or thinking.

But always on their ability to possess books bulging with profits instead of being acclaimed over one’s opinions and trading views.

Flow with #Time , #Price and make #MONEY 

#Trader

4. Being #Happy

They know very well what being happy and being very happy means.

When between being ‘Happy’ to ‘Very Happy’, they book their Gains and be Content

They know their Happiness #Index from their past experiences 

Make #happiness Permanent or “लॉक किया  जाय “

5. #Learning from Price

Learning from Price than comparing Price, with what is Learned or Read is doubling the effort. 

Don’t try to fit as a perfect case, as it may never have been taught to you.

Self Notes better than a heap of course material

#trader #motivate

6. Embrace #Uncertainty

70% Certainty & 30% Uncertainty are good to begin trading.

Comfort Index 70:30 is very individual.

Experienced traders aim for a Comfort Index to even 90:10

A newcomer open to Learning could be 30:70.

Accept Uncertainty, as trade management is a skill

7. Being Less #Rigid

The Habit of Being Less Rigid and Open to New Trade Experiences is well within their generic process but not experimentation.

#Simplicity allows for less rigidity and more openness in the #process. 

As a result, #Trade on any setup with few basic rules.

8. Ignore Denial Mode

Generally, Trader’s first response habitually is a “No” and then chases the trade.

Good Traders are never “No” sayers.

The Habit is to say “Yes” and once said there is no after-thought or hesitancy.

Keep Clarity in saying “Yes” or “No” 

#trading #trader

9. Never Self-Cursing

“मेरा समय खराब है”

सफल #Traders  कभी भी स्वयं को कोसते नहीं हैं

Self-Cursing creates over a period, a loss of confidence and gradually giving up.

They never practice murmuring self-cursing in their speech habits.

As a good Habit never to self curse.

10.  Never #Confused

Good Habit-Trader is never confused.

Being confused habit with the price is a trait of perennial ( बारहमासी) loss-maker.

No one is confused ever but may lack clarity for some time.

Never call oneself confused. It demeans the gifted virtues of the Brain.

11. Less Questioning

Questioning is assumed as a learning process.

We were nurtured to questions in school days.

Questioning halts your flow with #price.

Accept it’s perfectly fine to not understand at the first instance what the price is doing but keep flowing with the price

12. #Process over #Conviction

GHTs believe in the process, not the conviction, as the latter is a blind faith when the process lacks and emotions take over.

Act decisively on your process, then there will be no need for Conviction as a remedy and last resort.

#trading

Thank you for reading!

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