There are some very clear differences between the consistently profitable trader and the consistently losing trader. To know and learn more of yourself will lead you to be a better trader everyday.Character of a new trader
- Do you tend to follow the crowd?
- Do you act on the advice of experts, market gurus, analysts, and your brokers?
- Do you tend to complicate the trading process with lots of indicators?
- Do you buy and sell after a move in price is well underway and do you buy into resistance and sell into support ?
- Do you have an average of 10% capital gain annually in a year or more?
Character of a consistent profitable trader
- Do you lead the herd?
- Do you do you own research ?
- Do you buy (sell) after a period of selling (buying) and into price support (resistant)?
- Do you have an average of 20% capital gain annually or more in the last 10 years or more?
Some 'coaches' teach from their website while others coach personally. Just beware that most 'experts' or 'gurus' have not been really profitable in their trading career. Most make their money through expensive courses, softwares, signals, books etc. Have you ever wonder George Soros, Warran Buffet etc did not conduct courses etc like many 'expert' or 'gurus' ? I know the 'expert' or 'gurus' would give countless reasons. Have you read Millionaire Traders - most profitable traders are too busy making real money on their personal account by trading! Now you should know why I don't update my blog everyday but I do give really good content - *Hint*
In fact, real investors or traders can produce their earnings annual reports. Yes, and not just a certain day big earnings and cover the other losing days. Can anyone for the last 30 years have an average annual earnings of more than 20% - Warran Buffet!
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