vanathi
Education

Who can become a profitable trader?

NSE:NIFTY   Nifty 50 Index
Its every trader's dream to be a profitable & successful trader. And everybody enter to the trading world thinking they can be profitable. Only 5% traders are profitable. How they are different from the 95% traders?
Success and profit needs certain characters apart from the technical knowledge and proper mindset. The most important character a profitable trader need is taking responsibility for his trades. When people face loss, they stop taking responsibility for their trades and start to find somebody else who can help them to trade. It results in trading from getting tips from others.
Others can teach technical analysis , mindset to trade but if a person dont have the ability to take responsibility for their trades, they will be in the grip of fear, greed and ego which will make them lose money.
A successful trader have lot of choices. He/she can choose their work time and place. They can take break/holiday whenever they want. Trading is a profession which gives you complete "Independence". It has one price, "taking responsibility".
Comment: "Happy Independence Day" :)
Two tough aspects of trading: Exit and money management.
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its true ...may traders here learn taking responsibility
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Cheers m8 we're on the same page
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well said
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very good this is the universal truth of trading
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vanathi arunrajnpy
@arunrajnpy, Indeed
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well said
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vanathi gokul1994
@gokul1994, Thank you
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Well Said !!
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vanathi rahulsinghatt
@rahulsinghatt, Thank you!
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