The third commandment of profitable trading is to use an approach that suits you. If you’re a very patient, long-term considered person, you want a long-term strategy. A long-term strategy is a trading strategy where you buy and you wait through the big major trend, and the stock keeps going up. And then when it’s stopped going up and starts going down, you sell and make a profit out of the big chunk of the trend.
But if you were a less patient person, someone who wants a lot of activity and action. You need a more frequent trading strategy and match it to you. I discuss six dimensions of your trader profile of what you must understand and match in my programs. You have to be comfortable with the strategy. It’s got to fit you so you can follow it.