9 Things Successful Traders (& People) Do

Successful traders and people often do things differently than the rest of the crowd. But what they do is not magical or something unavailable to you. A successful mindset is always behind these people, and this is something you can build.  There is very little about trading that is easy, and often times I hear of traders applying the wrong mindset to the challenges they face. Here are 9 simple things successful traders (& people) do, which you can adopt to change your compass towards success.

1. Have a Passion For the Process

Around the age of 5, Earl Woods brought his son on to a TV show to demonstrate how good his son’s golf swing was. After the young Tiger showed a glimpse of what he was to become, his dad was asked the following question;

“How many hours do you make him practice every day?”

Earl quickly responded, “Make him…I cannot get him to stop.”

do what you love and are passionate about 2ndskiesforex
You have to have a passion for trading and the process. Your passion cannot be ‘outcome dependent‘, meaning if you make x dollars in y months, then I’ll remain motivated to do the work. You must be willing to do the work, particularly in the moments when things are not working your way. It is easy to do the work when all is going well.


2. You Must Accept a Tedium of Work in Your Learning Process

There will be moments in your learning process which will seem boring, tedious, and difficult. You will often have to work on things you like the least – perhaps money management, filling out your trading journal or reviewing your trades. It is unlikely you will enjoy everything you do equally. In all great things built, there was always a tedium of work in the process – the moments where you sweat, tire and become exhausted. You must accept this tedium of work, and understand those little things build up skills and wire your brain to trade successfully.

practicing forex trading 2ndskiesforex


3. Frustration Often Times is a Sign of Progress

When the brain gets to something it doesn’t understand, it often gets frustrated not having the answer. Being frustrated by something in your trading process is a communique you are dealing with things more complex than you understand, or can do efficiently now. This is a good thing. It means you are now heading into territory you are not skilled in, but need to be to become a successful trader.  Be grateful those things are being pointed out – for when you work on them, growth happens.


4. You and Your Environment Imprint Upon You

The things you say to yourself before, during and after each trade have an impact. They imprint upon you, particularly the emotional quality of them. The same goes for your environment (parents, friends, co-workers). Make sure what is imprinted upon you is positive and directs you towards being successful. Learn to protect your mental capital.


5. Do Not Expect Immediate Results

Nobody who is a successful trader (or successful at anything) got there in a matter of months and expected immediate results. In a great commercial ‘Maybe It’s My Fault‘, amongst saying many brilliant things, Michael Jordan shares the following;

“Maybe I led you to believe that basketball was a god given gift, and not something I worked forevery single day of my life.

michael jordan practicing 2nd skies forex
It’s easy for us to see the success of such people. But we often fail to see all the hard work behind it. Michael had to work at his game for years, often filled with failures before he started to notice results. Real change in your trading does not come easily or quickly.


6. Do Not Look For an Easy Way Out

I have never met a successful trader or person who looked for the easy way out. You can pirate all the systems you want, but you will not have the mindset of abundance to be successful. You can try all the robots out there – none will become the ATM machine you think they will.

Do you really think Tom Brady or Peyton Manning got to being elite quarterbacks by not doing the work? Do you really think they skipped steps?

Remember, 84% of all people who win the lottery are broke inside three years. Now ask yourself who you’d rather be;

Person A – who makes $1 million in a lottery


Person B – who built up a business over three years and made $1 million?

Who will be able to repeat that success, use their skills, experience, and be most likely to do it again? Obviously Person B, while Person A by contrast has no skills, information or experience working for them. Food 4 thought, but do not look for an easy way out. There is none.

7. In The Future, I will…

I cannot tell you how many students tell me, or my partner Aruna who does the ERT training program, that they will feel confident, relaxed, or happy when they become a successful trader. Why put your happiness on hold? Why make your mindset held captive to some unknown future? Why not feel confident, relaxed and happy now?

A good friend of mine recently shared this great quote and post which said the following;

Ego says “Once everything falls into place, I will find peace.” Spirit says, “Find Peace and everything will fall into place.”


8. Take Responsibility for Your Behavior

Would you expect to be capable of finishing a marathon without running, stretching, training, proper hydration and diet? Would you expect to build strength and muscles sitting in a chair all day? Of course not. What makes you think trading is different?

Don’t fill out your journal, evaluate your trades, train properly, build your trading skill set, or a successful trading mindset – then do not expect to become a successful trader. Be honest with yourself and take responsibility for your behavior.

discipline in  trading 2ndskiesforex

9. Failure is a Part of All Successful Ventures

Failure is a part of the process – an element you have to befriend. If you make it mean something about you, then it will consume you and create negative trading habits. However if you learn from failures, you will grow from them. You have overcome challenges like this in the past.  When those challenges were happening, at one point you didn’t think you could get around them. This situation is no different.

Remind yourself of the challenges you have overcome to get here, and what strengths you have. They will aid you in difficult times. Peter Vesterbacka – the creator of Angry Birds, had produced 51 games prior to creating Angry Birds, and virtually ended up in Bankruptcy. It has done over $6B in sales over the last few years. Failure is a part of all successful ventures. Real confidence comes in overcoming obstacles, failures and challenges.

Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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  • Andrew Daley

    Love it, love it, love!!!! This is the kind of article that keeps one motivated and focused. Thanks a mil Chris!!!

    • Hello Andrew,

      Am happy to hear you found it useful and motivational which was its intention.

      Kind Regards,
      Chris Capre

  • Tim

    This course is so helpful, especially when I see which direction I should be going. The process for me isn’t that easy either. Other people have done it, so why can’t I with patience quiet study and due dilligence. It’s enlightening to see the whole picture of what needs to be done to get to trading consistently, thanks again Chris for your insights!

  • Stan

    Hi Chris,
    Another Great article!! Thank you!


  • Mike Knight

    Discipline is just choosing between what you want now and what you want most!! I love that quote! Great article Chris! Thanks for the wise words.

    • Hello Mike,

      Yes, tis an important wisdom to remember and choose what is more important.

      Kind Regards,
      Chris Capre

  • anton ngadio

    great article Chris!….just what i need….been feeling down and confused about my trade and about to give up, but now i am taking this 9 steps to be a better and successful trader…look forward to get my hand on your book “price action pivot point” :)

    • Hello Anton,

      There will always be moments where you don’t feel great, feel confused during the process. It is important to not identify and give in to these things.

      So glad you enjoyed the article.

      Kind Regards,
      Chris Capre

  • premnath

    Thanks for getting out this article which is very important.
    Hope you get back your health this holiday season and be in full swing in 2014.
    Please take care of your health
    without you guiding us its like a chicken without a head :)
    Happy Holidays

  • Thank you Chris for that fantastic article

    (Also amazing story for the founder of Rovio)

    • Indeed Andreas – that story about Peter is quite impressive to say the least. Shows the impact of not giving up.

  • Eno

    Chris, this is more like the Nine Commandments of Trading. Really, really loved #7.

    • Hello Eno,

      HA – brilliant idea. Perhaps it should be.

      Glad you liked it mate.

      Kind Regards,
      Chris Capre

  • iotiyo

    great article,it really motivated me.

  • grif


    excellent article as it defines well the behaviors, mindset and events (failure/frustration/learning/growing) that a trader must understand and put into practice.

    descansar un poco

    • Hello Grif,

      Yes, wanted to define and clarify specific behaviors, the trading mindset, and ways to think successfully, so glad you liked it.

      Kind Regards,
      Chris Capre

  • ApexPredator

    Ego says “Once everything falls into place, I will find peace.” Spirit says, “Find Peace and everything will fall into place.”

    You’re not just a great trading mentor.. But also a great life coach!

    Thank you, Chris! Great article!


    • Hello Apex,

      Thanks mate – hopefully I can have an impact on people.

      Kind Regards,
      Chris Capre

  • kabalpathi

    What a great articile….
    Thx Chris

  • sharpa

    Hi Chris,

    This is possibly the most timely, inspirational article I have ever read. I am going to print it out and put it on my wall. Truly magnificent. I can relate to point 3 extremely well right now. Chris, as mentors go, you’ re in your own superleague!

    Get well soon,


  • hartwellsteven

    Awesome post! Loved it!

    • Hello Steven,

      Glad you liked it. What stood out in particular?

      Kind Regards,
      Chris Capre

      • hartwellsteven

        Hands down the number 9! Don’t be afraid of failure! I struggled with that for years! Because as humans we want certainty, and that’s just not the case all the time. I allowed fear to paralyze me. I had a ahh ha moment to either stay here and die! Or take the leap of faith. Angry bird creator designed 51 games before hitting gold? Wow I know people who would have gave up after 3 lol… Along with my journey in trading!I could not give up! Sometimes I wanted to, but could not!

      • Yes, for some reason we become afraid of failure, making it mean something about us. And we definitely want certainty, which is ironic because nothing in this game is really certain – but more about being comfortable with uncertainty.

        Fear will paralyze almost anyone, so not surprising you experienced this.

        And yes, most would give up after 2-3 tries, and would never find the gold they were digging for.

        But good to hear you are not going to give up. Now its time to apply change, pressure and focus into the right areas.

        Kind Regards,
        Chris Capre

  • jorge ismael velez

    great articule….it ha to be in the front of the screen… it has to be read each day, at the begining and at the end of the trading sesión….

    • Chris Capre

      Hola Jorge,

      Yes, definitely one to read each day before trading, so thanks for the positive comments.

      Kind Regards,
      Chris Capre

  • Ricco

    I’ve read this three times already and continue to work on these principles. You are the real professor of trading.

  • m .arunachalam

    good , very good,very very good. thanks

    • Chris Capre

      Much appreciated for the positive comments and glad you enjoyed it.

      Kind Regards,
      Chris Capre

  • Jacob

    Hello Chris.

    What a great article. Especially liked the example of the Angrybirds app.
    Thanks for the information.
    Wish you the best of luck.

    Someone once said:

    “I have not failed. I’ve just found 10,000 ways that won’t work.”
    ― Thomas A. Edison

    • Chris Capre

      Hello Jacob,

      Yeah the angry birds story is inspiring and helpful for keeping the perspective so glad you noticed.