Pro Trader LTF.com Ian Pearson wrote this highyl informative piece on Trading styles:
"Trading is not a short cut to success. It's taken me many years and I am still learning " he says. " Anyone looking to get rich from magic systems, daily tips or secret formulas is kidding themselves." " However, anyone with patience, a willingness to learn and the right attitude WILL succeed in this environment over time. Financial freedom and independence are the very achieveable goals."
1. Qualilty not Quantity. I spend a lot of time filtering and identifying the markets I want to trade on. Personally, I think the mistake most aspiring traders make is to trade anything that moves. I will only trade matches which are televised, have great liquidity and meet my crtieria.2. Take first Profit. Don't be greedy, clearly define your entry points and exit points and stick to them.3. Simplify don't complicate. A profitable trade is the only aim. Whilst we are trading, we can never eliminate all negatives.