The basics of what it takes to be a successful trader are simple and obvious
Yet daily, I see traders who fail at one or multiple KEY points that sink their performance and they keep losing accounts even though these people do have the understanding of the market that would have been sufficient enough for them to be profitable if they followed the basic rules. Trading is as much about pattern recognition and capacity for abstract thinking as it is about the personality type, self-discipline, and specific mindset.
The lucky few are born fit for trading, but others might train themselves.
Below, is the breakdown of the basics behind the day trading!