At The Close by Sam Baum
The 10 Pillars Of Trading
Over the years that I’ve been coaching traders, I have found a lot of common ground between novices and professionals. What I’d like to do is explore the main characteristics that separate novices from professionals.
There is a gap that needs to be filled if you want to cross the line over to the elite club of the 10 percentile, a club of successful trading professionals who consistently produce profits on a weekly basis.
THE 10 PILLARS
What I came up with are the 10 pillars for success. If
implemented correctly, there is no doubt that any trader
can succeed and become consistent and profitable. The
1. Treat trading like a business. I know that a lot of you
are probably saying to yourself, “Of course I treat it like a business. Why wouldn’t I?” Think about it for a second.
Why did you start trading in the first place? For a lot of
people, the main reason is the lifestyle that trading can
provide. Others believe — incorrectly — that trading is an
easy way to make a living. Although being a trader does not
require a college degree, you still need to continuously