Progression of a Trader

The following are what I believe to be the basic psychological traits of a good trader.  They are placed roughly most critical to least, but they all to some degree rely on the other:

Situational awareness

• Ability to assess an event, including all or most possible outcomes

Strategic positioning

• By assessing a situation with its possible outcomes, deciding what the best course of action to take is

Discipline

• Ability to act with constant decisiveness

Flexibility

• Ability to adapt their response to a dynamic process

Decisiveness

• Ability to execute and commit to a game plan in an event that is evolving within bounds of expectation