5 insights from the best traders in the world
What makes a great trader?
Marty Schwartz wrote once that “A great trader is like a great athlete. You have to have the natural skills, but you have to train yourself how to use them”. I couldn’t agree more.
Trading the financial markets is one of the most challenging professions in the world. You may think you have (or actually do have) the natural skills but unless you’ll learn to use them, and constantly train yourself, you’ll remain lost like the rest of herd.
Trading involves many skills — Technical skills, analytics, mental skills and management skills.
Among other things, a successful trader is also a designer (of the trading system), an analyst, the executioner (executing a trading plan), a risk manager, the accountant and the boss…
In trading you are your own boss… you are the business.
Not everyone can handle it and that is why only a few, The Elite, survive and make money from trading.
Learn from the best — 5 quotes from the very best
In order to become one of the Elite, there’s no better way than to learn from the best.
In this blog post I gathered 5 of the most insightful quotes that I’ve found, from the very best, and added my own personal interpretation to their sayings…
Discipline
“It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about that you’ll do things differently” — Warren Buffet
Warren Buffet, the Guru of investing, isn’t a trader. In fact, his methods are far from anything related to trading. Yet I decided to add his quote to my post and ranked it at the top. Why is that?
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