This past weekend, I spent several hours perusing some older trading texts and noticed that there were several chapters that applied more today than when they were written decades ago. Those were the chapters dealing with the psychology of trading and the traits make one successful.

Successful trading hinges on your psychology and the bottom line is that if you don't know who you are, nobody else does either. The chances of you becoming a successful trader are pretty remote.

Trading is an occupation where you must be a realist. Dreamers need not apply.

The list of traits that make up a successful trader isn't very long but it is complete. Think about the traders you know. Which ones are successful? Which ones aren't?