A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That's the kind of thing winning traders do.

In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3)picking a good spot to buy or sell.

My style is basically trend following, with some special pattern recognition and money management algorithms.

The trend is your friend except at the end where it bends.

The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.

There are old traders and there are bold traders, but there are very few old, bold traders.

A lot of people would rather understand the market than make money