Five Characteristics of Successful Traders Exposed
I associated with a lot of money managers as a former money manager myself. None of them ever taught their systems although some of them were very successful. When I said I was going to teach my system, they all said I was crazy. I knew I would not be hurting myself, knowing what I know about volume and liquidity on the dail charts. If it hurt their own fills and performance, no trader worth their salt would ever share their system no matter how “nice” they seem.
With that said I’d like to share five characteristics of successful traders with you. All the successful money managers I know had these traits.
1)Successful traders don’t “make things happen”. If you try to force the market and enter too early because “you know it’s going to go up” you will get hurt. The key is to be a follower, not a leader. Follow your system (if it’s a proven system like mine) and don’t make things happen outside of it. If you have a trigger finger and can’t help clicking your mouse, then do it on a demo account. Just don’t think when you get lucky a few times that it’s ok to “make things happen’. That is the whole reason for using a system and milking the slight edge it gives you.
2)Successful trades are prepared. It’s very important that you have a trading plan and that you stick to it. I will show you how to plan each trade quickly and easily each night in only 5-10 minutes after you learn my system.
3)Successful traders remain emotionally detached. Once you enter a trade, are you willing to forget about it until your pre-determined exit strategy is met? I admit that it’s fun to watch your trading account soar in a matter of days, but watching it too closely can be dangerous. My after market trading plan eliminates 99% of emotion.
4)Successful traders expect to become rich. Can you picture yourself wealthy? Successful traders can. Don’t limit yourself. Prosperity must be on the inside of you before it is on the outside. If not you will self sabotage your trading account when it starts to get too high because of a subconscious hang up that you don’t deserve to be rich. I will teach you how to think and overcome any hidden physiological obstacles that are hindering you from success. That is part of my mentoring program.
5)Successful traders all had a mentor. Warren Buffett looked up to and learned from Ben Graham. Jim Rogers learned from George Soros. My personal mentor is still in the business (and no he doesn’t teach his system). Sure Warren Buffet modified his system from Ben Graham and later modified it to make it his own. That is why my system has three sets of trading rules.
One for those who want moderate risk.
One for those who want moderate risk.
One for the aggressive students.
This enables you take ownership of your trading. Taking ownership could be listed as number six. Why would you be any different in respect to needing a mentor? It’s a fact and if I have to “sell” you on this part I’m not sure you understand how life works. For example, did anyone teach you anything so you could do your job more effectively on your current job? If you are the rare person who is on my email list and is already successful I guarantee you will learn a few valuable techniques in my course that will make it all worthwhile.
The week my personal account starts to get extreme slippage, I will quit selling my course. No need for concern; for 12 more months after I shut down, I will continue to support all current members with two weekly webinars and email support. I won’t venture a guess as to when this will be because it is not dependant on the number of students I have, but on the size of their accounts.
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