Five Basic Steps To Becoming A Successful Trader

1. Focus on trading vehicles, strategies, and time horizons that suit your personality

2. Identify non-random price behavior

3. Absolutely convince yourself that what you have found is statistically valid

4. Set up trading rules

5. Follow the rules

6. Don’t be afraid to abandon a rule that is no longer working.

In a nutshell, it all comes down to:

Do your own thing (independence);

And do the right thing (discipline).