Today we are going to talk about the five qualities of a trader.
So welcome to coffee with Marcus. As you can see, we are on the road right now. Yes,
We're doing our stock trading boot camps
And I just wanted to show you how it looks like. Because I want you
To be there at the next stock trading boot camp. So here, we're going to the registration area in a moment
we're going into the room and you'll see exactly
how we have everything set up.
And this is where we're going to talk about the five qualities as trait of a trader. So, follow me, right here behind the doors
It's where the magic happens.
So here we are, as you can see the room is nicely set up.
Here's my coffee courtesy of Starbucks . So here
we are setup ready to show you the secrets to trading success. But right now
I want to talk about the five qualities that you need as a trader. Oops! Going around here really quick.
Make sure that I don't stumble. All right, so we have a banner that everybody can see it. So here they are, the five
Qualities that you need as a trader. The first is urgency.
Why urgency? Because you've got to get out of your comfort zone. So you must have some urgency that you say
I'm going to change my life.
I want to do something differently because think about it is the government going to take care of you when you want to retire. Of
Course not! It's up to you.
This is why I want you to have a fire inside you. And this is what's done by the urgency.
Number two, what other quality do you need? You need to be committed.
Why is that? Well, when trading there are winning trades, and yes, there are some losing trades.
See this is why it is so important that you are committed and stick with it. There might be a few trades that do not
Turn out the way how you want it. But that's why after if you're losing trades usually there will be winning trades.
You've got to be committed,
committed to learning how to trade.
But then also to execute the trade. Which brings me to the next point you have to be coachable.
Trust me. It's extremely difficult. If you try to figure it out your own way, but you're here with me.
So I know that you're coachable. This is why you're watching this video.
This is why you decided to follow me which I really like about you.
And this is why I'm here to providing this value for you. So next step, you've got to be an action taker
That's the fourth quality, be an action taker.
What does it mean? Well, when there is a trade you got to take the trade you cannot waffle and say move your foot trader
or not now. You got to take action.
So, this is an important quality because otherwise you will suffer from analysis paralysis.
Did you over analyze things? When it comes to trading take action.
You've got to be an action taker. Now the fifth qualities, you've got to be qualified
mentally and also financially.
What do I mean by this? Well, mentally first of all you gotta understand that there will be winning trades and
there will be losing trades.
You will make money in the long run.
That's at least, what I believe but there might be a few days or maybe even a week
When you lose some money.
So this where, be prepared mentally for this that trading does not mean that your account is going up in a straight line
There might be small dips in there. But in the long run,
it should go up. And what do I mean by financially?
Yes, it does take some money to make money. Now the good news is with trading, you can start with as little as
$2,000
$3,000
$4,000
But you got to have some money. And this needs to be money that you can afford to lose. Because when trading there's always
risk involved now. You know me. I'm all for limiting the risk. So, even if you start with a
$5,000 account you want to limit your risk to 2% on any given trade. Based on a $5,000 account this is
$100. So yes, I'm going to show you how to limit your risk. Anyhow, these are the five
qualities of a trader. Having a sense of urgency to act, to move.
Showing the commitment to learn, to invest the time and money, that is needed to become a trader. Being coachable.
Taking this this information, hope that it helps you. Being an action taker, and that's the most important thing
taking action.
Also being qualified
mentally and financially.
Anyhow, these are the five qualities and when you are all of this the chances that you will make it as a trader are
much more in your favour
than without these qualities, trust me.
And this is what we are doing then here in this top trading
boot camps. This were then we show you the exact steps. In this top trading boot camps
I'm just going to show you, how to find the right stop to trade. I'm going to show you how to
limit your risk. I'm going to show you when to take profits.
I'm going to show you, how to use options to leverage for your account.
And I'm going to show you how to take a small account and take it into a larger account.
A systematic step-by-step process, and you're going to love it.
So,
join us in one of these upcoming boot camps, and that's what I have for you today.
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