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.

7. Accepting Personal Responsibility

Great traders accept personal responsibility for everything they do, even to an extreme. If I loan you $100 and you never pay me back, yes you're a jerk, but I'm also an idiot because there is something I should have been able to pick up and if I didn't know you well enough, I shouldn't have loaned you money. I loaned the money. I made a choice and now I am paying for it, so it's on me. The same deal goes in a trade. I don't care who may have told you ABC or whatever was a great buy, whether you heard it in a chat room, message board, the Wall Street Journal, CNBC or just from your local mailman. No one holds a gun to your head while you are trading, telling you what you have to take or not take. You're the one pulling the trigger. Great traders know that all trades they take, good or bad, it's on them.

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