Why this trader succeeded while most fail

BellaGeneral Comments

Recently, I exchanged emails with a successful prop trader at a Tier 1 firm.  I have known him since he was deciding whether to pursue trading, while still in college.  We have kept in touch during his trading career.  He has become a *very* successful trader. I asked him to share his thoughts on why he became successful.  Here is … Read More

Six Reasons Traders Fail That Most Traders Don’t Think About

John LockeGeneral Comments, Guest Blog, Options Education, SMB Options, Trader Development, Trading Lesson, Trading Psychology2 Comments

1. Lack of direction. Traders often fail to establish clear goals and create plans to achieve those goals. When traders fail to develop complete business and trading plans before entering the market they are setting themselves up for failure. 2. Impatience. This occurs when traders try to accomplish too much too soon, or expect to get results far faster than is truly possible. … Read More