What makes a good trader? (Сочинения ЕГЭ английский язык)

I think that good traders should know how to leverage their positions to boost returns and manage risks. Successful trading is technical and partly psychological, therefore, a good trader has to have a mix of winning character traits.

Well, what should a good trader be like?

First of all, a good trader is one that is able to accept when they are wrong and move on to the next trade. They rationally and impartially assess opportunities and risks and they are prepared for all situations. They accept the risks associated with trading. So, a good trader must be willing to realize that any results from trading are the results that they created.

Secondly, a good trader has to be consistent because trading is an intelligent game like chess, so they need to think through every step to win.

Many people think that it’s the best way to focus on their day-to-day profit and loss, but good traders know that understanding positive months, quarters or years will help them make a big leap to success.

Thirdly, a good trader is very patient. They should always be patient with the markets and only trade when they will get the most out of it.

Fourthly, good traders pay great attention to detail. They should be able to thoroughly check all parameters and ensure that no mistakes have been made, because a small mistake can lead to huge losses.

And, in the end, good traders are inquisitive and always prepared to learn something new from financial markets. They have the ability to quickly learn things from past and present markets. This broadens their trading opportunities.

Well, in conclusion, I would like to say that trading is a difficult work. Yes, there is excitement and inconstancy, traders sometimes can’t predict some situations on the financial markets, but for many successful traders, practice makes perfect.