5 Qualities of Top Traders

Summarized from a Post by Van K Tharp

1. A belief that you create your results in life.

Most people don't understand this concept. They repeat the same mistakes over and over again because they blame their mistakes on external factors.

2. The interest and desire to really understand yourself.

You cannot understand how you create your own results if you don't know yourself intimately.

3. Discipline to continually work to improve yourself.

Top traders often have a passion to work on themselves.

4. The ability to strategize well.

Good traders tend to excel at high skill games (e.g., poker, backgammon, chess, blackjack) because they can create good strategies and stick with them.

5. The ability to get in the zone.

Top traders can become one with the market and accurately sense what it is doing. They have the ability to live in the present moment without being influenced by the past or the future. It's a very intuitive state and often gives them a total sense of how successful their moves will be in the market even before they make them.

Now, take a look at yourself and consider honestly if you have what it takes to be a top trader.