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You must have confidence in yourself and strategy to trade. While trading is a game of math, probabilities, charts, and signals it’s also a mind game. Many times a trader’s beliefs will determine their success more than anything else. All traders start out believing it’s possible to make money...

Consistency of execution. After you have developed a quantified system with an edge you must execute it with consistency in signals and position sizing. You don’t want to see inconsistency in entries and exits. Not taking your entry and missing a big win can be devastating to your profitability...

Fundamental analysis can help with your watchlist. Fundamental analysis can identify what you trade and technical analysis can tell you when to trade it. Technical analysis can help with whether it’s time to take the long side of the short side of a trade. It’s possible to build your watchlist...

Focus more on the risk/reward than winning percentage. How big your wins are versus the size of your losses determine your profitability more than your win rate in trading. A few huge wins can make you profitable after a bunch of small losses. It’s more important to focus on the magnitude of...

Focus on the larger market trend. The larger market trend will determine whether your trading strategy works more than your opinions and predictions. Buying the dip is less likely to work in a downtrend, buying breakouts will fail in range bound markets, and selling short will lose you money...

Educate yourself before starting to trade. If you rely on luck in your trading with no system and random entries and exits eventually your luck will run out. You should never be placing real money at risk in the market until you educate yourself on what works and what doesn’t over the long-term...