Page 64 - Trading #101 Course – PART II TWO: SUCCESSFUL TRADING PIE – www.traderscoach.com

TRADING #101 COURSE – PART II TWO: SUCCESSFUL TRADING PIE – WWW.TRADERSCOACH.COM

The 20 qualities of the trader’s mind-set are:

1. Not caring about the money.
2. Acceptance of the risk in trading and investing.
3. Winning and losing trades accepted equally from an emotional
standpoint.
4. Enjoyment of the process.
5. No feeling of being victimized by the markets.
6. Always looking to improve skills.
7. Trading and investing account profits now accumulating and flowing in
as skills improve.
8. Being open minded, keeping opinions to a minimum.
9. No anger.
10. Learning from every trade or position.
11. Using one chosen approach or system and not being influenced by the
market or other traders.
12. No need to conquer or control the market.
13. Feeling confident and in control.
14. A sense of not forcing the markets.
15. Trading with money you can afford to risk.
16. Taking full responsibility for all trading results.
17. A sense of calmness when trading.
18. Ability to focus on the present reality.
19. Not caring which way the market breaks or moves.
20. Aligning trades in the direction of the market, flowing with the market.

You will find that during times of stress or conflict or change, even if you have once
mastered and exhibited these 20 trader’s mind-set qualities, you may take a step or two
backward.

Both novice traders learning to develop these qualities for the first time, and
experienced traders working toward keeping on track, must be aware that developing
and maintaining the trader’s mind-set is a critical requirement to achieving consistent
and long-lasting profitability.

Even Good Change Can Be Stressful and

Emotionally Challenging

Having outlined the 20 qualities of the trader’s mind-set, we must address the possibility
that achieving these healthy traits and maintaining them can be difficult during certain
periods in our lives.

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