There are sure to be funds that stayed put till it became too dangerous to keep the position and soared just after you sell them. The trick again is to diversify so that this happens less often. Traits of a Good Trader Now that we have set some basic guidelines, here are some traits that separate good traders from bad. A very important factor in trading successfully is the discipline needed to adhere to a set trading strategy. The urge to sell on bad news and when the market is sinking, and to buy on good news and when the market is soaring is almost uncontrollable.
Many investors stay glued to the wires and sway with every piece of news.
Ok, the CEF was a steal, and you plunged in. Two weeks pass by, and it looks the same, nothing has changed. The reason that you bought the CEF in the first place was that everyone hated it. They are not going to turn around overnight. Some Final Notes Be wary of overtrading.