Rules to be a successful trader?

<p id="isPasted"><strong>-PROCESS</strong></p><p>The process is a set of rules that you have to follow to decide when to enter a position and when to exit a position. You can either develop your own sets of rules by trial and error or use existing sets of rules developed by other people/companies.</p><p>The advantage of developing your own set of rules is that it is perfectly tailored to your psychology and personality. But it takes time and money to develop this set of rules.</p><p>The advantage of using others' sets of rules is it is faster and cheaper to get access to a proven process. But it may not perfectly match your psychology and personality. You need to re-adapt it a bit to match your psychology.</p><p>Those sets of rules make what I call the&nbsp;TRADING SYSTEM.</p><p><strong>-HARD WORK</strong></p><p>Nowadays you see a lot of traders posting on social media trading sessions on the beach, etc...it looks easy but they never show you the hard work they have put on themselves to become profitable. I am pretty sure that they have worked like crazy, they have been extremely disciplined and patient to become profitable.</p><p>Before becoming profitable, this requires a lot and a lot of hard work and sacrifice.</p><p><strong>-SET OF SKILLS</strong></p><p>Trading has never been a prediction game. First of all, because nobody can predict the future. Trading is a follower game. As a trader, you have to sit, observe, and try to identify the psychology of the big traders on the market and follow them. Traders follow the movement but never predict the movement.</p>