Have you ever wondered what qualities top traders possess to stay invincible in the market? Recently, famous trader Eugene Ng Ah Sio shared his views on excellent traders on social media. He believes that successful traders should have at least three key qualities:
Acute emotional awareness: Excellent traders are able to identify their own psychological biases in a timely manner and decisively step away from the screen when their emotions fluctuate to avoid impulsive trading.
A sound risk management framework: They build systems to handle 2/3/4 standard deviation events, ensuring robustness and reducing downside losses even during volatile markets.