Qualities of a BAD Trader

3 Jun 2023

1) Does not Journal

They do NOT journal and proceed to continuously do the SAME thing day in day out expecting different results each time

2) FOMO

Proceeds to see someones open position on social media

Form a bias from that and open a trade based upon the individuals setup without any research

3) NO reasoning

Proceeds to stutter and talk nonsense if asked about reasoning for entering their trade

4) Does not know Risk management

Basis their risk off hunch and does not have consistent risk management within their trading

They always go "all in" with max leverage

5) Too attached

They are extremely attached to the $ figure , now this is a little more subjective

I tend to find that the less attached you are to the actual $ figure the better you generally will be as a trader

6) Worry about the wrong things

One question you should ask yourself is simply.

Is this going to help me make more money and become a better trader?

If the answer is NO, then don't focus on it

Ive seen too many times people worrying about DRAMA and being a journalist

If you do any of one of these try to stop them

It won't be easy but incremental changes are easier than changing everything at once

Try knock off one of these bad habits per week or even month and the incremental changes overtime will add up to something larger

Stay Tuned and See you next Time!