Top 3 Skills for Traders

OK, traders, it's for book research (fiction). What are the three skills a successful trader needs to master?

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20 hours ago, Marina Schwarz said:

OK, traders, it's for book research (fiction). What are the three skills a successful trader needs to master?

How about being comfortable looking at paper losses ?

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That's one. Two more to go. :)

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(edited)

On 4/12/2019 at 9:00 PM, Marina Schwarz said:

OK, traders, it's for book research (fiction). What are the three skills a successful trader needs to master?

three skills........... minus one ............ left.......... the need to:

2) know the owner of the trading platform and become his long lost best friend

3) develop instinct on market movements...............

3.5) have capital to trade or be given capital to trade

 

Edited by specinho
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15 hours ago, specinho said:

three skills........... minus one ............ left.......... the need to:

2) know the owner of the trading platform and become his long lost best friend

3) develop instinct on market movements...............

3.5) have capital to trade or be given capital to trade

 

That sounds good to me..but wait will I also get a bonus if I loose other peoples money ?

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1) hard work

2) proper preparation 

3) patience 

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On 4/15/2019 at 4:48 PM, Auson said:

That sounds good to me..but wait will I also get a bonus if I loose other peoples money ?

Do you mean under the condition "If" the owner of the platform is your newly found - long lost best friend?........

Absolutely!..... The more you lose the more you gain................. that's how the platform was designed to be working. Otherwise...... if you keep winning......... who is going to pay your client?

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short term memory

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1) Experience both in the commodities market physical and future trading

2) Market Intelligence , industry intelligence and proper use of that information

3) Trades executed @ the appropriate market conditions

Among others that include capital and access to capital, discipline, technology ....

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On 4/12/2019 at 8:00 AM, Marina Schwarz said:

OK, traders, it's for book research (fiction). What are the three skills a successful trader needs to master?

Buy Low - Sell High --- :S

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That's a rule not a skill. ;) It's even The Rule, I guess we could call it.

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