The now Dubai resident is all excited to explore various new opportunities to further grow as a modern-day professional.
Today, any person who wishes to become a part of the vast trading and stock markets world only needs to go online and find articles talking about “plan your trade and keep losses to a minimum”, etc. There is a lot of unneeded advice surfacing on the internet today, but all these small pieces of information do no good in growing a trader or filling their minds with meaningful information. Nothing really beats the advice that comes from true success stories and professional traders and entrepreneurs who have been working relentlessly in the industry and have seen it enough to guide others in their quest to reach the top of the industry. We caught hold of one such passionate and successful trader and entrepreneur named Enzo Savio Cusumano, who today shares with us a few rules for successful trading.
This young guy from Italy never imagined that life could place in front of him many unbelievable opportunities, which could modify his life for the better. However, major thanks also go to his attitude of never giving up and taking the challenges head-on to take out the best version of his in his chosen industry.
Speaking about successful trading rules, Enzo Savio Cusumano explains:
• Make use of a trading plan: A good trading plan is one that has a written set of rules specifying the trader’s entry, exit and money management criteria for each purchase. People can also use backtesting, which include the trading idea using historical data and checking if it is viable. After developing the plan and gaining good results with backtesting, the same plan can be used in real trading, explains Enzo Savio Cusumano.
• Treat it like a business: Enzo Savio Cusumano says that people should consider trading as a full-time or part-time business and not only as a hobby. Considering it as a business, a sense of commitment also arises within, which is necessary to grow in the niche. Also, trading is like a business because it involves taxes, losses, expenses, risks, stress, etc., and as traders, people must research and strategize to maximize the potential of a business.
• Optimize technology: Making smart use of technology in the trading world can help traders get nearer their definition of success faster, believes Enzo Savio Cusumano. He says that people can get market updates through smartphones, allowing them to monitor trades from anywhere. Hence, using technology to one’s advantage and keeping up with the trends can be both fun and rewarding for traders.
Enzo Savio Cusumano has attained massive levels of success today as a 29-year-old Italian young man, who now runs his trading and coaching company, teaching people about sales and marketing and being involved globally in many projects and companies. He is now a Dubai resident since early 2021 and wants to explore and create more opportunities for himself so that with him he can take even others ahead in trading.