WINNING TRADER V/S LOOSING TRADER

 WINNING TRADER V/S LOOSING TRADER

We tried to put few characteristic of winning trader & loosing trader. These attributes or differences between a successful trader and an unsuccessful trade.

There are few basic difference between

  1. Let profit run
  2. Cut loss
  3. Money Management Principal
  4. Emotionless Execution
WINNING & LOSSING TRADER
LOOSER (TRADER) WINNER
( IMPULSIVE/EMOTIONAL) (TRADE WITH PLAN)
BOOK LOSS EARLY NO YES
BOOK PROFIT EARLY YES NO
EMOTIONAL ON PROFIT OR LOSS YES NO
BELIEVE ON THEIR SYSTEM NO YES
NATURE AGGRESSIVE CONSERVATIVE
LEVERAGE 5-10 TIMES 2 TO 4 TIMES
MANTRA WAIT & WATCH IN LOSS JUST CUT LOSS
WANTS TO PROFIT FROM EACH TRADE FROM SERIES OF TRADE
MONEY MGMT PRINCIPAL NO PRINCIPAL STRONG MGMT PRINCIPAL
EVENT / RESULT DAY TRADE HIGH BET PREFER TO AVOID/ HEDGE
DIVERSIFICATION NO DIVERSIFICATION DIVERSIFY IN UNCORRELATED ASSET
LEAVE / BREAK NO LEAVE WHILE PROFIT TAKES REGULAR BREAK
TRADE EXIT POLICY NO POLICY AS LONG MARGIN AVAILABLE EXIT FIRST
NO OF TRADE HIGH LOW
PREDICTION ALWAYS INTERESTED NO PREDICTION
IMPORTANCE OF CALLS HIGH VERY LOW
BLAME OF FAILURE OTHERS SELF
FOCUS ON ONLY PROFIT RISK- REWARD
% OF WINNING TRADE >60% < 40%

 

These are the skills which differentiate between successful trader & unsuccessful trader.

1) Patience
2) Understanding
3) Diligence
4) Skills.

Thi

s makes the differences between the two set of trader

 

May also read –

http://www.capitaltrader.com/BasicTraining.htm

Winning Trades and Losing Trades

 

 

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