Good Trader Vs Bad Trader Top 17 Differences

Good Trader Vs Bad Trader? How can we manage the mind, ego, and emotions in order to make good trades.

1. We can get a good trade with full confidence and adheres to your trading strategy. Personal opinion lead to a bad trade.
2. A good trade is one in which the entry and position sizes are both disciplined. A bad trade is made in order to recover losses.
3. You know you’ve made a good trade when your entry parameters are in sync. Fear of missing a move leads to a bad trade.
4. In the context of your trading plan, Good trade’s goal is to take profits. Greed is responsible for a bad trade.
5. Your trading strategy make your trade good. Ego lead to a bad trade.
6. Trading without guilt or internal confusion result in good trade. Trader makes a bad decision when he/she is confuse.

“Good trades are just one part of a larger trade that provides traders with a long-term advantage.”

7. Your trading plan is the foundation of a successful trade. Emotions and beliefs drive a bad trade.
8. Your edge is the foundation of a good trade. Your opinion makes a bad trad.
9. Using your time frame, make a good trade. Due to a loss, a bad trade shifts timeframe.
10. The main focus of a good trade is current market conditions. Personal judgment results in a poor trade.
11. Identifying and trading with the trend is the key to a successful trade. A bad trade goes against the flow of the market.
12. We can achieve a good trade with the help of trading strategies in which you are proficient. When you trade unfamiliar markets, you make a bad trade.

To keep the trader in the game, good trades must always manage risk.

13. A successful trade only exposes 1% of total trading capital to risk. There is no fixed amount of risk in a bad trade.
14. A good trade risks losing $1 to make $3, whereas a bad trade risks losing more money than it intends to profit from.
15. A good trade will stick to a trading plan. A bad trade is a large trade to quickly recover previous losses.
16. The downside of a good trade is limited, but the upside is unlimited. A bad trade has an unlimited risk and a finite profit potential.
17. A good trade has a position size that is optimal for the trade setup. Emotions, financial necessity, or a lack of confidence result in a bad trade.

Thank you for taking the time to read Good Trader vs Bad Trader.

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