Three Things I'm Seeing Among Currently Profitable Traders

I'm seeing lots of commonalities among traders who had a very profitable March during volatile markets and uncertain times.  Here are three of the most important:

1)  Relying on Others - I recently wrote about the importance of information flows in trading.  The successful traders are connected to carefully selected information sources and continually updating their views on what they are trading.  Lots of things have been moving quite a bit, and there has been constant news flow.  Traders well connected to peers they trust and respect are adapting quicker, and their teamwork helps sustain a positive attitude.

2)  Flexible, Flexible, Flexible - Yes, the successful traders may have bigger picture views, but they are trading actively and tactically with those in mind.  Almost to a person, the successful traders have reduced holding periods and traded selectively, where they see solid risk/reward.  As the SMB site notes, they have made a quick adaptation to the higher volatility environment, with specific adjustments each day.  They have focused their trading on what they know and do best, and they are actively minimizing distractions.

3)  Mindset - The successful traders view the current markets through the lens of opportunity; the not-so-successful traders are viewing markets through the lens of risk.  To be sure, the successful traders are doing a good job of risk management, partly because of point number two above.  But they approach the day with enthusiasm and recognize that they are living through historic times of opportunity.  This helps them deal with setbacks, because they know that other opportunities will be presenting themselves.

Active, interactive, engaged, constructive:  These are some of the qualities I'm seeing among traders who have been doing quite well in the recent market environment.

Further Reading:

TraderFeed Home Page and Links to Articles, Podcasts

.

forex trading forex factory what is forex what is forex trading forex market forex scams forex brokers forex com forex market hours forex news forex trading app forex trading for beginners how to trade forex best forex broker forex charts forex signals is forex legit pips forex forex investment ig forex forex calendar forex trading strategies hdfc forex card login best forex trading platform forex brokers usa forex cargo forex demo account forex exchange forex patterns forex reddit forex trading scams how to start forex trading tradera forex what is forex trading and how does it work what is leverage in forex best forex broker in usa best forex trading app forex app forex compounding calculator forex currency forex factory calendar forex profit calculator forex tracking forex trading platforms forex vs stocks learn forex trading lot size forex no nonsense forex td ameritrade forex forex cargo tracking forex definition forex login forex meaning forex pip calculator forex ranks forex reviews forex time zone converter forex time zones forex trading for dummies forex trading hours forex trading reddit free forex signals iml forex is forex trading profitable what is spread in forex best time to trade forex forex calculator forex candlestick patterns forex chart patterns forex com login forex correlation pairs forex day trading forex economic calendar forex for beginners forex session times forex stock forex strategies forex trader salary forex trading meaning forex trading reviews is forex legal live forex charts scalping forex us30 forex what is forex market what time does the forex market open when does the forex market open divergence forex forex com review forex factory news forex for dummies forex hours forex indicators forex market times forex pyramid scheme forex quotes forex sessions forex trading course forex trading signals

Iklan Atas Artikel

Iklan Tengah Artikel 1

Iklan Tengah Artikel 2

Iklan Bawah Artikel