When to know you are a good trader

[Rruchi man]

After years in the markets, I’ve come to realize one simple truth: a great trader doesn’t trade with their own capital

There is no one truth on who a great trader is; it is an embodiment of many attributes and skills, and topping this list are risk management skills and emotional/psychological management skills.

You are a good trader if you are able to gain mastery in those.

[TheUltraElite]

Anxiety if present indicates poor outcome in gambling. The manifestation is the incessant checking of market price.

This can be prevented by putting in orders only for long term trades and avoiding short term trading. While markets are shooting up or tumbling down, cunning moves are needed like buying at multiple levels while it is dropping while keeping a capital aside for buying at the absolute bottom.

These things are learnt over years of watching the charts.

[Italian Panic]

The real trading is not a hobby. If you don't keep track of the market, indicators and news you risk losing a lot of money in few time. Trading is primarily a job done by people who know how to pick up on market signals or speculative movements and have the courage to take his money and make it grow based on what they have deduced.
So, you are a good trader if trading becomes your job or if it allows you to live without working. Otherwise, you are simply someone who invests money in a market.

[odunybiz]

For me it's as easy as just profiting. No idea why people are making it complicated. You do not "need" to know technical analysis, or chart reading or anything like that, you do not have to build alerts and do anything that complicated. Sure those make everything easy and you should learn for yourself so that you make more profit.

To me profit alone doesn't make you a good trader. You may make profit sometimes out of luck especially with spot trading as it easy trading spot compare to future trading. And profit with luck on trading only define you as a gambler and not a good trader. A good trader must be able to make profit and should be able to explain to people how he trade and make profit. Must be able to explain he's techniques and pattern for profit in trading on request.

[tvplus006]

For me it's as easy as just profiting. No idea why people are making it complicated. You do not "need" to know technical analysis, or chart reading or anything like that, you do not have to build alerts and do anything that complicated. Sure those make everything easy and you should learn for yourself so that you make more profit.
However, as long as you are profiting when you trade and do that year to year, then you could be trading based on your feelings and it still makes you a good trader. ..

If your trading strategy is based solely on your own feelings, then this is no different from a casino, where the winning number is chosen according to approximately the same principle, and then the only hope is luck. But if you're so lucky and it brings you profit, then obviously there's no need to change anything.

[batang_bitcoin]

The real trading is not a hobby. If you don't keep track of the market, indicators and news you risk losing a lot of money in few time. Trading is primarily a job done by people who know how to pick up on market signals or speculative movements and have the courage to take his money and make it grow based on what they have deduced.

I think it's okay if you consider real trading as a hobby and it make things easier. But the real thing is about as you enjoy it as a hobby, you should also be profitable. Because a profitable trader is able to enjoy what he does if things are easy and he's making money out of it.

So, you are a good trader if trading becomes your job or if it allows you to live without working. Otherwise, you are simply someone who invests money in a market.

Good traders can also have other jobs like a day job and they are still doing their trades during their free time. They're good at time management but I agree, a good trader can make trading as their entire job although it's not required to anyone who's profitable in trading.

[barbara44]

Stop loss is the main element in the risk management strategy. Of course, if you are constantly in front of a trading terminal, you can manually close your order if the price moves in the opposite direction to your expectations. But with a dump, it is not always possible to react to price changes in time, and as a result, your deposit may be liquidated.

I think not really the main but it is only a feature or an option. As said, we can also stop losing in a manual way. Also stop loss is a feature in trading but before we get there, we can already apply a risk management by setting sufficient amount only for trading. Anyways, yeah that stop is not built for greedy traders but rather it is for the responsible traders.

After years in the markets, I’ve come to realize one simple truth: a great trader doesn’t trade with their own capital

Oh! really? But I think you mean because they are so great and that they already accumulated a lot of profits already and then it was now their profits is the one that they are using to trade. But I think this is still considered as a capital . Even the bonus given to us freely by the platform is considered as capital too.

@OP , the answer to your question is pretty simple, and that is obviously, if we are not losing too much anymore .