Most probably "greed"? Because we can't thought during trading that we are greedy. Its basically for all peopels even out of trading, during happen our mind can't thing logically and we become greedy. But after happend someone we could realized that we were greedy especially when we lost funds. There is so many thoughts we missed during trading trading, even our common sense not work properly but after happen we realize that I shouldn't do that which was against common sense.
I believe you meant "controlling greed/emotions".
Even you lose, even you wrecked, even you got sh*t along the way - just continue and don't give up.
To be a good trader, it will take time. There's no overnight success. So let's put it this way; "study - actual trades - familiarizing - test strategies - see the result". As progressing, everyone will now reach the point wherein they able to do strategy on their own. That's the product of their continuous trading as they experienced every problem on the way and work on how to deal with those.[/i].
Here are some important notes everyone needs to jot down. I totally agree with this.
That's is the reason nobody will guarantee you that trading is profitable because the success also depend on individual personality. You have point out about psychological aspect and another thing is endurance. You need to know how to endure and make peace with some wrong decisions you have made in the past. Mistakes in trading suppose to be a lessons that will make you to take better decision. Lastly, it is your resilience.
Great point. Success in trading depends on individual and you have to find what works for you.
Self-discipline
Hardwork
Patience
Motivation
Emotion
Intuition/Instinct
This is most likely talk about inner characteristic but these are the things which cant really be taught to others because
you are the ones who would really need to polish up for you to be effective on trading career.How to achieve?
Experience would only be the way because you cant mold em up if you dont engage into something which will
give you awareness on what you are doing and apply learnings after that.
Exactly! you said it all.