Staying abreast of the broader market environment is vital to be a successful trader.

Follow the news and read the research produced by your firm and its competitors.

Try to avoid groupthink, Bloomberg, and specialists. Publications in your area can be useful.

For example, international Financing Review, IFR was a valuable source of information and innovation to me throughout my career in fixed income.

In addition, build an internal and external network of contacts with whom you can share information and best practices.

Always be prepared to debate and learn.

Anyone embarking on a trading career today is unlikely to do the same job throughout their working life.

The market in which you are trading may decline in importance.

Hence, it is important to consider whether your skills can be applied to other trading roles or to job functions beyond trading.

Do not tread water.