Confidence is a characteristic the very best traders and investors seem to have in abundance. They totally believe in their ability to achieve superior trading results in the long run. The reason for this confidence centers around their trading method, and ability to implement proper trading psychology. Top traders know the odds are in their favor on each and every trade they make. In their mind, there is no question, superior results are going to happen, whether in the stock market, or any other trading venue.

Hope is generally a positive emotion which, at least sometimes, helps sooth our very soul. After all, we all hope the future is going to be a good one. The worlds best traders know, that in their business, hope is not a good thing at all. As an example, when the market goes against you, the best action you can take, is to exit the position with only a small loss. Many traders will hang on to a losing position, in the hope, it will reverse, and go back in their direction. Sometimes the market does not reverse, and their trading account takes a major loss. Top traders and investors keep “hope”, and other emotions out of their trading equation.

Flexibility is the mark of a great trader. Traders who are very narrow in their approach, and totally cemented in their ways can sometimes get into big trouble. The reason is that markets are dynamic. Sometimes, what works in one period, might not work in another. A savvy trader will make the necessary changes for superior results. The best traders and investors have the ability to adapt to changing conditions in the market. Sometimes one minor alteration in their method can make all the difference in the world. This includes the stock market, and the commodities market.

The most successful traders and investors concentrate on the trading process, and not the results. The process should be the main area of focus. It is the process that ultimately produces your results. With a sound process, the results will simply take care of themselves.