Become a Trading Warrior – 16 Traits
To trade well you need to think like a warrior.
You need to harness your inner strength and go through the battles of trading.
There are spectators, there are participants, and then there are warriors.
These warriors stand apart.
And you need to blend your skills and traits to equip you with everything you need to WIN.
In this article, we’ll delve into the core qualities that can transform you into a genuine trading warrior.
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Mastering the Sword of Time
Trading, like a warrior’s battle, is not won in haste.
You need the three Ps as I often write – patience, persistence, and passion.
Markets are fluid entities that are always shifting and changing.
So, you need to take the time to learn how to adapt or die trying.
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The Shield of Dedication
Your shield is dedication.
You need to commit to the journey, embrace the learning curve, take the losses and drawdowns in your stride.
You need to continuously seek to improve with every trade, every trend analysis, and every market lineup that comes your way.
Embrace it with dedication.
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Discipline: The Unyielding Armour
Discipline is what will make you win.
You need to follow your trading plan and stick to your risk management strategy.
You need to make decisions based on logic, not emotions.
Discipline keeps you grounded, even in the face of market chaos.
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The Quest for Self-Understanding
This is a self-journey too.
It’s a lonely but essential quest you need to undergo.
I always say you need to understand your trading personality and risk profile.
Know and identify your strengths, weaknesses, and biases.
This will help you to develop a stronger understanding of who you are as a trading warrior.
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Resilience: The Warrior’s Tenacity
Resilience is about bouncing back from losses and setbacks.
They are going to come.
Some are going to be short.
Some are going to be extending.
Rome was not built in a day.
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Strategic Thinking: The Battle Plan
Trading warriors are not impulsive.
They develop a strategic plan and evaluate all possible outcomes.
We make sure we calculate risks before we think of getting into a trade.
So have your strategic game-plan with you all times.
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Adaptability: The Shape-Shifter’s Gift
The financial market is volatile and unpredictable.
It’s forever changing. New markets, new volume, new algorithms, new economic cycles, and new breakthroughs.
A trading warrior is adaptable and can adjust their strategies to align with the changing markets.
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Continuous Learning: Sharpen the Sword
A warrior never stops to hone their skills.
You need to continue to learn, stay ahead of the market trends. And always refine your strategy when need be.
Keep that sword sharp and ready for anything.
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Emotional Intelligence: Harness the Stallion
Successful trading requires emotional control.
Learn to adapt to your emotions and feelings.
Become the market and think like them, so you don’t get clouded by your irrational and illogical judgement.
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Confidence: The Warrior’s Roar
Confidence is about being right. That’s ego.
Confidence is embracing your losses to come.
Confidence is when you trust your abilities, strategies and decisions.
Confidence is being comfortable with your trading, no matter what.
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Independence: The Lone Wolf’s Path
Trading warriors are self-reliant.
They make their own decisions.
They might follow a leader, but they take responsibility with their own trading and risk profile.
You need to learn to take responsibility for them, and don’t blame others for their losses.
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Focus: The Eagle’s Gaze
Trading warriors have tunnel vision.
They are looking straight at their goals and responsibilities.
The only thing you can do is to concentrate on your tasks, block out distractions, and don’t allow fear, greed or ego to shift your focus.
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Perseverance: The Mountain’s Steadfastness
A trading warrior keeps going.
No matter what obstacles or setbacks approach.
They understand that perseverance is the key to long-term success in trading.
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Balance: The Zen Master’s Touch
You don’t want to be glued to your trading screen.
This alone will defeat you.
You need to learn to balance trading, business, work and life.
Don’t put so much energy in things you cannot control.
Balance your life and your lifestyle.
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Integrity: The Knight’s Virtue
In every trade, a warrior upholds honesty and fairness.
They stay true to their principles, even when nobody’s watching.
Integrity is what gives you the confidence, respect and laser focus you need to achieve.
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Courage: The Lion’s Heart
This is not a faint-hearted game.
You need a lot of courage and calculated risks to trade.
Face losses and stand up against market pressure.
Developing these qualities will not guarantee instant success.
But with time, patience, and perseverance, you’ll find yourself becoming a true trading warrior!
Let’s sum up the trading warrior traits…
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Mastering the Sword of Time
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The Shield of Dedication
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Discipline: The Unyielding Armour
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The Quest for Self-Understanding
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Resilience: The Warrior’s Tenacity
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Strategic Thinking: The Battle Plan
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Adaptability: The Shape-Shifter’s Gift
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Continuous Learning: Sharpen the Sword
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Emotional Intelligence: Harness the Stallion
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Confidence: The Warrior’s Roar
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Independence: The Lone Wolf’s Path
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Focus: The Eagle’s Gaze
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Perseverance: The Mountain’s Steadfastness
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Balance: The Zen Master’s Touch
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Integrity: The Knight’s Virtue
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Courage: The Lion’s Heart
Trade well, live free.
Timon Rossolimos
Founder, MATI Trader
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