A professional trader is not the one who has more trading screens, better equipment or the better indicators.
A professional trader is the one, how he mentally prepared for trading and how he evaluates his trading routines.
A professional trader is the one who follows his system and always trade with “DISIPLINE”.
PRO- Trader is not the one who trade every day, and always makes profits, he can make loss also. But in any situations PRO- Trader always follows his system and make trade with “DISIPLINE DISPLINE AND DISIPLINE”.
Here are some rule that every trader should know to become PRO – Trader.
1. FOLLOW YOUR DISCIPLINE
Discipline can not be taught in a seminar or found in expensive trading course.
You can learn more by your self and making good habits like meditation, reading more books, etc.
2. DO NOT FOLLOW TIPS FROM OTHERS BLINDLY
To grow as a professional trader don’t depend on others. Follow your own strategies for trade.
3. DO YOU NEED MONEY FAST?
For, the PRO-Trader, Trading is regular Job. They don’t trade for the excitement. Trading is not an easy profession and it requires time, hard work and a lot of hustling before you can make money.
4. DON’T BREAK YOUR RULE
You create trading rules to get you out of trouble when positions go badly. If you don’t allow them to do their job, you have lost your discipline and opened the door to even greater losses.
Also View : How to trade in stock market- beginners Guide
5. OVERCONFIDENCE
To become a professional trader always stick to your plan, always follow your risk management rules and money management rules and never lets one losing trade wipe out a significant amount of your capital.
6. ENGAGE YOUR TRADING PLAN
Update your trading plan weekly or monthly to include new ideas and eliminate bad ones. Go back and read the plan whenever you fall down and looking for a way to get out.
7. FOCUS
When you are trading, your 100% focus should be on your charts.
PRO-Traders knows how important it is to be 100% focused.
You can do meditation to improve your focusing level.
To become a professional trader, act like One.
Follow your SYSTEM, STRATEGIES, DISCIPLINE and give your 100% BEST.