Keys to Successful Day Trading
By Toni Hansen and Brandon Fredrickson
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6. Being Comfortable with Risk and Uncertainty
The sixth trait of great traders is that they are comfortable with risk. Let's face it, trading is certainly risky and if you are afraid of the risk you won't last. If you are afraid you will lose money, then I can almost say with certainty that you will. They are comfortable trading a pattern that is not a 100% sure thing because none of them are. They go into an individual trade not knowing what the end result will be. Many new traders have a terrible time with this: the uncertainty of a trade, but you must over come it. Many new traders allow themselves to be frozen with fear over the risks and uncertainties of trading. Great traders get beyond it.
The sixth trait of great traders is that they are comfortable with risk. Let's face it, trading is certainly risky and if you are afraid of the risk you won't last. If you are afraid you will lose money, then I can almost say with certainty that you will. They are comfortable trading a pattern that is not a 100% sure thing because none of them are. They go into an individual trade not knowing what the end result will be. Many new traders have a terrible time with this: the uncertainty of a trade, but you must over come it. Many new traders allow themselves to be frozen with fear over the risks and uncertainties of trading. Great traders get beyond it.
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