Do stock traders need to be intelligent to win?

Do stock traders need to be intelligent to win?

Thinking Boxx Team

 

Not really.

There are just 3 things which all traders who are successful had in common.

1. They all work very hard at their craft. This didn’t come with a set standard they had to spend but more about being extremely focused and intentional about showing up everyday as a trader.
2. They all strived for continuous improvement daily in their trading. No one just had it figured out but each trader’s goal was for constant improvement and never settling once a goal is achieved.
3. They all incorporated in their systems a way to maximize runners and cut losers short. Small tweaks like this really played a huge role in their PNL and for a lot of those traders was the difference that transitioned them into profitability.