Be Patient: Unlike the previous one, the current generation is a little short on patience. Patience is one of the most important virtues that mothers can teach their children. Patience will help you keep calm while trading/investing such that you do not take any rash decisions during stressful market behavior. This will not only help you remain focused but will also save you from unnecessary panic and from the losses that are a consequence of the panic and loss of focus.
Value Money: One thing which the older generations practiced was valuing money. This is a helpful trait when it comes to trading as well; valuing money will save you from overtrading. It will also keep you from splurging on non-essential requirements, thus contributing to more savings, which could help you scale your investments.
Have Clarity: Clarity of thought is another essential quality you can learn from your mother. Clarity of thought, when setting a goal or choosing targets, is an important trait to have. It will help you set clear and realistic goals, in turn, helping you remain focused and get due returns in a set timeline.
Do Not Get Overwhelmed: Profits can be overwhelming and at such times, you need to keep calm and not indulge in overtrading. At the same time, losses could be dooming too, but you should not let that affect your trading pattern and regimen. The trait of striking the right balance between emotions and maintaining a steady pace is a must-have from your mother. Applying this trait to trading would be very beneficial for you in the longer term.
Keep a Safety Cushion: Ensure a safety cushion in the form of emergency funds, something which your mother has always been maintaining. Learning the same and maintaining emergency funds could save you in tough times or when a trade hits a rough patch.
Calculate Your Risks: Taking calculative risks can help you avert big losses while trading, and this is what most mothers want to teach their children. Consider all the pros and cons along with your risk appetite and the effect it has on your budget. This will help you reduce the impact in case the market hits a low.