I will be telling you about 15 traits of a really successful trader .

Trading in stock isn't everybody's mug of tea. Some individuals can do it and some can't. Even among the some who can, not everyone can become successful at it. While there aren't any set rules on what makes or does not make a successful investor, those Wall St Magicians that you hear about who made the most in the smallest amount of time, all seem to have certain traits in common.

1. Successful stock traders are able to go against their natural instincts.

2. Successful traders have a simple system. No matter which technique you use as long as you stick to it. A Successful trader knows their technique and makes trades based ONLY on their system. "The secret to being a winner is consistency of purpose". You want to improve a separate strategy for getting into a position and for exiting one.

3. Successful traders are risk harmful. Successful traders do not like losing money and proscribe themselves before losing too much, whether or not it implies admitting they were regarded as making a mistake.

4. Successful traders are ready to screw up. Successful traders have the right and capability, not to do the proper thing, but to do the wrong thing. It's the facility to make your own mistakes.

5. Successful traders don't care about being humiliated by taking losses. Successful traders expect to take losses and know when to chop them.

6. Successful traders know, or find out how to explore stocks. Many traders only use exact research, but you may wish to learn how to use fundamental investigation also.

7. Successful traders lead balanced lives. Everyone knows the thrill of the pursuit and the stock exchange can be addicting, a successful trader is one who knows when to move away and can.

8. A successful trader is Patient. A successful trader let's winning positions run, but is ready to back out when proved wrong. Patience can imply resilience, bravery, and conviction for when markets go against you.

9. A successful trader has a biting wish to succeed. Victory takes steady work not a chaotic effort, a biting wish to succeed can make a big difference in teaching yourself about what you need to grasp and sticking to your system when the situation gets coarse.

10. A successful trader is trained. Totally focused. A successful trader will do what he must do, regardless of whether he is not in the mood. Discipline also suggests Sticking to your technique, not suddenly purchasing or selling on an impulse, or as a result of a" hot tip"

11. A successful trader knows the difference between defensive and offensive behavior, and when to use each. - shield your cash first, profit later on.

12. Successful traders don't eavesdrop on rumors or get emotionally concerned. To be a successful trader you've got to be awfully harsh on yourself. Your need to be able to fight the urge to prove you are right and be in a position to mess up. You also wish to be in a position to not let feelings influence your calls. Setting up stop loss points for every call you make is something you are going to do. That may mean more than now and then admitting that you're wrong. You and your portfolio will survive and you'll be able to get back into the position again when trends indicate the time is right. You will need to learn how to disregard any emotional linkages you have to your stock and make fast stock trends your master. You may miss the lowest entry points and the top selling points, but you'll be ready to sleep at night. You'll need to learn how to get out of a stock position before your profits turn into losses.

13. A successful trader knows themselves. Successful traders must be attentive of their strengths and weaknesses. Your strengths and weakness will become very important. Play on your strengths when you can.

14. A successful trader knows their investments. Your investments are almost as important as you are. Know the past history of the stock and their strengths and weaknesses as well.

15. A successful trader sticks to the rules. The system is there for a reason. Nothing can ruin a successful stock buyer as quickly, or as certainly as flouting the rules.

Begin to know these fifteen traits and you are on the way to changing into a successful trader .