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Saturday 13 November 2010

FAQ NO4: What type of people Become Traders

With  the rise of the internet You, Me, Him, Her, Young, Old  abousoulty anyone who has the right mental strenght,determination, persistance, passion to succeed, can become an online day trader.
This person has an undying faith and belief in their own ability, he she accepts that most things that went wrong were probably outside of their control, because they planned their work. Their brutal honesty with themselves and with others allowed them to develop a faith in their own ability that was beyond the norm.
This person is humble, and understood that they were not smarter, stronger, nor wiser than others; they just knew that there were few others that had more faith in their own ability to follow something through and to achieve their goals.
They had faith that they could get it done, and humility to accept defeat; that is what defines them, and usually defines any great trader.
Successful traders have a plan that they refine, develop and test, and debrief on a daily basis. They share their plan as a work in motion, and not as the Holy Grail. A successful trader accepts that there is always something new to learn, and however good the plan is today, there will be the chance to improve it tomorrow.

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