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Four Sentences You Wont Hear From A Professional Trader

In this post, we’re going to share 4 simple avoidable mistakes, to boost the quality of your trades, and give them a stronger chance of being successful.

“My strategy can predict anything”. When Traders start thinking they are too good, they risk the same fate as the Icarus: they fly too high and get burnt by the sun. Self-confidence is an attribute not every human being possesses. However, in trading, self-confidence is considered a double-edged sword. When a trader believes that his strategies don’t possess weaknesses, that is when he will meet his downfall.

If you undergo a loss, then trading is not for you”. A professional trader knows instinctively that losing, while undesirable, is a component of trading. When a person first starts to learn how to trade, it is likely that he will undergo a period of losses. How he recovers from these losses depends on his reaction and the acceptance of losing as a learning lesson in order to be more successful in future trades. Professional traders are not made by successful positive trades but by hundreds of negative ones; trading is a tricky profession and if you are thinking of entering this industry, you need to bring your A game.

“I need to trade everyday”. You will never hear from a sailor that he goes out to sea every day regardless of the weather conditions; a wise sailor knows that a storm can take his property or his life. A professional trader knows that a political or economic crisis is considered as a storm at sea, meaning that trading 365 days of the year is useless if you are trading in rough conditions. You need to search for calm seas if you want to succeed in trading.

“I don’t trust rookie companies”. Most traders like to trust their money with well-known companies. However the professionals traders are looking for that little company based in a garage in California, where they are willing to go the extra mile on a trade. A company is never to qualified or too new to do business with.

If you want to test your strategies as a trader and work towards becoming a professional trader, Tradeview’s innovative trading platforms can help you target both your skills and weaknesses as a trader. By trading with us, the experience gained can prove to be invaluable to your longevity as a trader.

Diego Victorino
Business Development Manager

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Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

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Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
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