Characteristics of successful traders
Profitable traders not only work hard when the market opens, but also work hard before and after the fact. Before they actually trade, they already know which markets they are going to trade in, and they know the strategy under each market. They wait patiently for the expected market to appear, then enter the market immediately, and go out as soon as they detect their judgment error.
They pick markets or stocks that are trending and wait patiently for the opportunity to enter the market provided by the reversal trend.
They don't think their judgment is better than the market; they just passively accept the opportunities the market offers.
They can fully control their emotions, stay focused, and don't make too many different trades at the same time. Trading shouldn't be too frequent.
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Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.