The 7 more things that will make you grow from a beginner to a successful and rich trader (Episode 3)
1. A profitable trader lets their profits run until their trading strategy gives them an exit signal.
2. A profitable trader trades with the trend (for the most part). Pullbacks and countertrend strategies may be traded conservatively, but profitable traders understand that countertrend movement is short-term and fleeting.
3. A profitable trader views each trade as a separate and distinct interaction with the market and analyzes it accordingly.
4. A profitable trader never chases. They don’t chase the markets. They don’t chase the money they lost in a bad trade. They stay sound and wait for the setups their trading plan dictates.
5. A profitable trader never overtrades. They stay patient.
6. A profitable trader becomes a student of the game, hungry for knowledge and always in pursuit of more information to sharpen their game.
7. A profitable trader analyzes the market and makes calculated decisions. They do not trade on a promise and a prayer.
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