Professional Traders Vs Amateur Traders

There is a big difference between successful traders and amateur traders. Successful traders know how to allocate capital, calculate their risks, and move on after losing money. Ultimately, it is not what the trader knows, but who he is. The consistently profitable traders can ignore or subvert their natural tendencies to do what feels comfortable, and instead, do what is necessary, to be optimally profitable over the long run. I have mentioned just a handful of differences between professionals and amateurs.

A trader’s goal should be to move from the red group (amateur trading) to green group (professional trading) as early as possible. Remember "amateurs focus on anticipating returns, professionals focus on the process and managing risk".