V. 26:10 (96-98): At The Close by Sam Baum

V. 26:10 (96-98): At The Close by Sam Baum
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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.


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 pillars are:

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 educate yourself.

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