Keys to Successful Trading

- Not to be right all the times, but be aggressive when you are right, Jesse Livermore. The same goes to personal relationship. You can't make everyone like you (and vice versa), but when there is a match, cherish that relationship.

- Minimize your losses when you are wrong. Spend 90% of your time/energy on preventing and dealing with the possibility of losses and failure, Li Ka Shing. The same goes to relationship.

- Money Management.

- Have the right mentality and strong trading EQ. Manage your emotions. Relax, never be stressful.

- Learn the basics and keep learning: fundamental, technical analysis, money management, trading psychology, etc. Read and attend seminars.

- Develop a system that fits your personality and style. . Review and enhance your system continuously. Backtesting it often. The system might take one or two years to develop. Fine tune it continuously to the smallest details. It's ok to use trial and error.

- Plan your trade and trade your plan. Make it into a habit like brushing your teeth everyday, Cho Yan Chiu. NEVER break your rules. Be independent minded. Don't follow the herd.

- Review your portfolio and strategy everyday, Cho Yan Chiu

- Do not overtrade. Act like a lion not a rat. Be patient but aggressive when opportunity present itself, Cho Yan Chiu.

- Successful trading is boring, effortless, easy and stress-free.