Tuesday, August 9, 2011

I am a Trader

I am a Trader

a trader ALWAYS, and I mean ALWAYS, thinks of risk first
a trader understands the game is rigged and makes no excuses about it
a trader is patient
a trader understands that the market adapts and forces the trader to adapt with it
a trader deals in probabilities not possibilities
a trader has a plan and trades the plan
a trader understands there is no such thing as a sure thing, or free money
a trader is humble and understands they can’t understand every move in the market
a trader is disciplined
a trader is persistent (it takes a lot of time to absorb a feel for the markets)
a trader realizes that it is not their place to determine what is or isn’t “irrational behavior”
a trader understands they will not catch every move
a trader always has an exit plan

I am a trader, are you?