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In the world of trading, whether crypto, stocks, or forex, generating trading profits relies not only on fundamental and technical analysis skills or a combination of both, but also on consistent habits. Professional traders possess a strong mentality, high discipline, and a proven trading system. Some habits of successful traders we can emulate or adopt include:
- Disciplined adherence to a trading plan, including when to enter and exit the market.
- Consistent journaling of every transaction, including the reason for opening a position, market conditions, and the final result.
- Focusing more on one's own plan and avoiding noise on social media. Overexposure to public opinion can often damage one's self-confidence and disrupt one's trading plan. Social media, as a source of information, is also often a psychological trap.
- Disciplined adherence to a trading plan, including when to enter and exit the market.
- Consistent journaling of every transaction, including the reason for opening a position, market conditions, and the final result.
- Focusing more on one's own plan and avoiding noise on social media. Overexposure to public opinion can often damage one's self-confidence and disrupt one's trading plan. Social media, as a source of information, is also often a psychological trap.