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    31 Habits of Rich Traders

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    Dharamvir Singh
    This booklet shows the habits of all rich traders who made it as their primary business

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    © All Rights Reserved
    Download as PDF or read online from Scribd

    31 Habits of Rich Traders

    Uploaded by

    Dharamvir Singh
    71 views11 pages
    This booklet shows the habits of all rich traders who made it as their primary business

    Original Title

    31 habits of rich traders

    Copyright

    © © All Rights Reserved

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    PDF or read online from Scribd

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    This booklet shows the habits of all rich traders who made it as their primary business

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Download as pdf
    71 views11 pages

    31 Habits of Rich Traders

    Uploaded by

    Dharamvir Singh
    This booklet shows the habits of all rich traders who made it as their primary business

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Download as pdf
    You are on page 1of 11
    1. Wealthy traders 7 are patient with winning trades and enormously impatient with losing trades 2. Wealthy tracers iF te] Pom atom ute date) money is more important than being right 3. Wealthy traders ir look at charts as a picture of where traders are lining up to buy or sell 4. Before they enter any trade they know exactly where they will exit for either a gain or a loss. 5. They approach trade number 5 with the same mindset they did on the 4 previous losing trades. 6. They use “naked” charts and focus on zones. 7. They realized a long time ago that being uncomfortable trading is OK. 8. The markets are their workplace. They Q participant — not an on-looker 9. They stopped trying to pick tops and bottoms 10. They stopped thinking about the market being “cheap” or > 401 -1ari 11. They are willing to change sides if the market tells them to do so 12. They trade aggressively when trading well and modestly when they are not 13. They realize the market will be open again tomorrow. 14. They never add to a losing trade...EVER 15. Cash is the goal, but never the measure of success 16. They read about mobs and riots 17. They provide liquidity to the markets while watching price and volume 18. They have a way to gauge fear, greed and speed of the markets: Tick charts 233, 612 19. They practice reading the right side of the chart, not the 00 20. Every wealthy trader has an “edge’ they can explain to their mothers 21. Their position size is calculated exacily on risk tolerance 22. Profit targets are based on average range or something objective 23. One or two trades a month, make their month 24. Confident cecision makers in the face of incomplete information 25. A losing trade does not mean they are a loser. They buy higher highs and sell lower lows 27. Their business isn't trading — it’s finding the right trades. 28. They write down or Ko1@10) (OM \ A> AY (Olel-me price, thoughts, news, elaiielel=) 29. Their conviction on an active trade remains unless something major changes 30. A winning trade does not result in taking on extra risk the next trade 31. They trade the reaction — not the news

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