The Success Indicator

One of the biggest differences between muppets and professional traders is consistency. It's one thing to have a couple winning trades in a row. It's another thing entirely to win 60% of 500 trades over the course of a year while always taking risk to reward ratios of at least 1:1.

So how do we achieve consistency? The answer has nothing to do with trading - and everything to do with YOU. Like it or not, the habits and characteristics of your personal life do not disappear when you sit down to trade. You can't magically "decide" to be strictly disciplined if you have little discipline in your personal life. You also won't have the patience to wait for your prime setup if you can't even be patient with those around you.

The path to becoming a patient and disciplined trader must be walked upon every moment - whether you're trading or not.

I've been making a conscious effort to embrace the characteristics of the ideal "successful person" listed below and I can tell you from firsthand experience that it has had a positive impact on my trading performance.

It's easy to waste money on gimmicks that don't work. It's so much harder to make changes that can make a real difference. I know, it's not easy. But it's never easy if it's worth it.