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Successful traders do tend to share some common traits. One such trader, nicknamed Big A, has pinpointed 5 charactristics:

1. You will find all successful traders had a mentor. That is why it is a great help if you can adopt a mentor with proven success. You can accelerate your learning by having a mentor who is prepared to teach you his successful system.

2. Remaining emotionally detached is essential to successful trading, and successful traders do just that. Ask yourself, if you make a trade, can you forget about it until your planned exit strategy is met? BIG A admits that it’s fun to watch your trading account soar in a matter of days, but watching it too closely can be dangerous. Be disciplined, and his after market trading plan will eliminate 99% of emotion.

3. A successful trader will not try to make things happen, rather trade with what is happening. If you try to force the market and enter too early because “you know it’s going to go up” you will get hurt. One key to success is to follow rather than try to lead. The idea of using a proven trading system is to follow it in a disciplined way; don’t venture outside of it. If you have a trigger finger and can’t help clicking your mouse, then do it on a demo account. You may get lucky sometimes and think you can always make something happen with the market; you can’t. That is why you need to adopt a disciplined system and stay with it all the way.

4. Successful trades are prepared. Not only is it vital to have a trading plan, but you must stay with it at all times, regardless of market fluctuations. You need to learn how to quickly and easily plan every single trade you make. As an example, with the system used by BIG A, you need only trade for 5-10 minutes every trading night.

5. Traders who succeed usually expected to, and become rich at the same time. Are you able to imagine yourself rich? Successful traders can. Do not restrict yourself. Wealth and prosperity cannot be manifested on the outside if it does not exist within. If not, you may even sabotage your own trading account trhough negative thinking about what you deserve or don’t deserve. If you are held back from success by psychological barriers, then it is important to learn to overcome them. Your mentor can help you with that.

Big A actually has his own ETF trend trading course, in which he teaches his own system of day trading for exchange-traded funds.

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