If you want to be a winner trading in the long run there are THREE
elements of trading that you must have in place. If you do these three
things you can not lose in the long term, if you are missing one you
will likely not last very long as an active trader. These three simple
things work together to keep you profitable in the markets.
A Robust Methodology
You
must trade a WINNING trading method: Your trading system must be valid
and profitable through past markets. The best way to win in the markets
is to have a method that identifies potential trends and gives you
entries and exits that put the probabilities on your side for winning
trades. Many times these systems will have huge winners that pay for all
the small losses and make you profitable. Regardless of time frame the
primary thing all traders are in search of for profitability is trend
capture.
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