7 SIGNS You're Trading Well

So, you’re probably wondering how you’re doing as a trader.

• Are you rich?
• Is your portfolio shooting up?
• How many winners did you bank this week?
If you think those are the questions to ask –

Then YOU’RE WRONG!

As I’ve mentioned many times before. Trading well is a marathon and not a quick race.

It doesn’t matter how much money you banked in a week, winners you took or how much money you have in your account.

What does matter is one word “Persistence”. And with persistence comes, 10 signs that you’re doing well with trading.

Let’s get to them…

Sign #1: You have the passion to LEARN how to trade

When you learn to trade, it’s not only a strategy game but also a self-introspection journey.

You get to understand who you are as a trader in a way that you learn:

• What time you wish to trade
• What markets you’d like to look at
• The instrument you want to buy/sell
• The broker that best suits your needs

If you have the passion to learn what fits your personality when trading, it’s a good sign you’ll do super…

Sign #2: You have a solid daily trading routine

There is no right or wrong way to go about your trading.

Once again, it’s what you feel comfortable with on a daily or weekly basis.

Maybe it is reading MATI Trader first thing in the morning, then going through your watchlist and seeing which trades are lining up.

Afterwards you set your trading levels and take your trade.

Whatever your trading routine is, make sure you have a checklist to follow.

Sign #3: You have strict rules to follow

Rules are the only way to find consistent opportunities within the chaos.

I have three rules with trading.

1. Never risk more than 2% per trade (no matter the portfolio account).
2. Never risk any money you can’t afford to lose
3. Never hold more than 5 trades at any one time.

If you have rules to follow, you’re doing well…

Sign #4: You have tunnel vision

There are no two traders that are the same.

This means, when you know who you are, you’ll know to ONLY follow your rules, strategy and vibe.

If someone tries to change your mind, put your blinkers on and remember the proven strategy you KNOW works.

Don’t listen to others and don’t care about where other traders are in their career.

Sign #5: You have a track record

Whether you’re still demo-trading or live-trading, it doesn’t matter.

All you need to make sure is that you have an excel sheet or written pad with all of your trades you have taken or backtested.

This is will remind you and give you proof of what works and will make you a consistent income during your trading.

Sign #6: You have the time to trade

You’ll need to choose the time, that suits you best to analyse and trade the markets.

It can be first thing in the morning, during your break in the afternoon or even 2am when you wake up and can’t go back to sleep.

Sign #7: You can psychologically handle it

Trading is mostly mindset.

How you deal with your winners, losers and with your trading longevity.

If you are prepared to mentally handle everything trading comes with – you’re well on your way to a bright trading future.

This is all part of trading well.

If you enjoyed this article feel free to LIKE and Follow for more daily trading tips articles. This is information I've gathered since 2003.

Trade well, live free.

Timon
MATI Trader