Have recently come across the book The 7 Habits of Highly Effective People written by Stephen R. Covey which talks about the habits/methods that help can help one achieve his/her goals in life.
Similarly, we all very well know that to be a long-term gun in the market and have consistent growth, there have to be certain habits that one needs to learn, practice and follow. However, they may slightly differ for a trader and an investor, more or less it can still be the same.
Would love to know what are your thoughts/views on this, and do you have a set of habits that you follow?
What trading behavior that one needs to learn and adapt as a habit to be successful? Anything apart from the below as well will be nothing but wisdom.
- Do not overtrade
- Protect your capital
- Focus to cut down on losses than to be profitable
- Do not challenge the trend
- Stick to your plan
0 voters