Here are four qualities I observe among winning traders and portfolio managers. These can be great areas for self-development in the coming year:
1) A creative way of looking at markets, and a way of creatively resolving conflicting market views;
2) The emotional resilience to re-enter a trade idea after being stopped out, when subsequent action confirms the initial view;
3) The courage to bet large when there is high conviction in an idea; the prudence to control risk when that conviction is lacking;
4) An insatiable desire for self-improvement that builds a deep, internal sense of confidence.
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