09/27/2022
Women are better traders, π₯π£π¦π π π£ ππππ€π?
Don't let this post trigger you gents π but let's go over what the qualities of a great trader are, whether male or female.
β’ one that manages risk consistently, usually this is the biggest issue new traders have
β’ one that preps and plans, you need to have a plan to follow so you have an idea of what could happen whether a stock goes up or down or even sideways
β’ confidence is a must, this is key and will help you be able to execute and pull the trigger when you need
β’ one that reflects and reviews, you cannot get better without tracking to see how and where you can improve
β’ one that puts aside their ego, the market will humble you realll fast if you get too giddy
Along with these few points, most who are successful in trading have a routine that sets them up for success. This includes getting enough sleep, waking up early enough to get your brain juice flowing, meditation of some sort, working out, eating well and overall keeping up with the market and what's happening in the world.
The biggest challenge is leveling up and being ok with the time it takes to do so. Most want to see success overnight and it's part of what causes them to overrisk and over trade. It's one big psychological game actually.
So if you're just getting started in trading or you're struggling after trading for a while, take a step back and reflect on why. Most of the time it is a mental block that has nothing to actually do with trading. And if ya need some help or guidance, my link is in the bio π
