A Successful Trader

A trader who can religiously follow his or her system is a trader who courts success.

The ability to follow a system totally and without thought is indeed what profitable trading is all about.  Few traders can do this.

Traders often think they are better that their systems.  When their systems work well, they think that it's due to their skill, when the systems failed to work well, the system is at fault.

Be the master of mechanical trading systems and as a result requires only limited inputs each day.

Education is important and that traders should get as much education as possible before they start trading.

Importance of computer research and risk management.

The ability to wait for trades is very important since lack of patience frequently causes traders to take profits and losses too soon, thereby circumventing the value of their trading systems or methods.

Patience is important in the overall formula for success because most trading systems take time to work.

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