There’s only one way to trade at the end of the day, not for recreation or thrill seeking, but with the business intent of running a successful business.
- Passion to participate in highly competitive environment, with uneven playing field
- Adequacy of capital
- Information gathering (technical)
- Market analysis (markets, sectors, stocks)
- Development of strategies (the edge)
- Cost control (trading costs)
- Ability to employ strategies that match risk tolerance
- Day-to-day preparation
- Trade entry, monitoring, and exit with discipline
- Monitoring progress
- Ongoing professional education and learning