To be a consistently successful trader, you need the right beliefs. You need to control your emotions and act logically according to your rules. You need to be bold yet old. Then you need to add money management. That's bet size control and exits for losing trades and for winning trades. Third, your entries must always factor in the trend and support/resistence. Then, you need to filter your entries to avoid sideways markets. You also have to figure out how to differentiate yourself from most other traders. Doing the same thing everyone else does in a competitive zero sum game is not a good long-term strategy. Ask Richard Dennis. Then, you have to figure out when your specific setup fails and why and how to avoid that if possible. Last, tou need to diversify across markets and time frames and entry setups. For some free trading information please see http://members.rogers.com/wdgann
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