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Components of trader income.

The first component is to be a good theorist. Your knowledge base should be personally verified by you through working with historical data.

The second component is to be a good practitioner. You must be disciplined enough to strictly adhere to your trading plan and not deviate from it under any circumstances.

The third component is to be a good analyst. In addition to analyzing the market, you will need to analyze each of your actions to improve your trading plan, identify problem areas, and work on them.