Today’s guest is Markus Heitkoetter, CEO of Rockwell Trading and author of “The Complete Guide to Day Trading.” Today Markus is going to share with you Part 1 in a series of articles on what he believes it takes to be a trader.
In the first article of the series "How To Be A Trader" we talked about the mindset of a trader and the importance of having realistic goals. You have learned that consistency is more important than windfall profits every now and then, and that a weekly target of only $100 - $200 can compound to very nice yearly returns. If you haven't had a chance to read the first article of this series, click here to read "How To Be A Trader - Part 1"
Today we will talk about the most important skill of a trader. And it doesn't matter whether you are day trading or swing trading. It doesn't matter whether you are trading stocks, forex, options or futures. It doesn't matter whether you are new to trading or have been trading for a while. The skill I am going to talk about in this article is the foundation that EVERY TRADER needs. If you cannot master THIS, your chances of making money with trading are slim to none.
So here is the most important skill of a trader: Continue reading "How To Be A Trader - Part 2"